Roberta Fagan’s RoRo Investments LLC has agreed to acquire Great American Broadcasting’s three FMs in Panama City FL for $180,000.
RoRo will acquire Classic Hits “B95.9” WRBA Springfield, Country “Kick’n 103.5” WKNK Callaway, and Variety Hits “105.1 Bob-FM” WASJ Panama City Beac. The deal will be paid via a $100,000 promissory note and the remainder through the payment of any amounts past due under the station contracts.
After ceasing operations of the three stations following Hurricane Michael in 2018, Powell Broadcasting sold them to Sam Rogatinsky’s Gulf Coast Broadcasting for $325,000 in December 2018. Rogatinsky turned around and sold them to Aaron Scott Lee’s Great American Broadcasting in July 2019 for $700,000.
This story first appeared on radioinsight.com