Family Stations is completing its restructuring with the transfer of its assets from its California based holding company to the newly created Tennessee based Loam Media Inc.
The ownership and management of the two organizations is identical. The deal is structured with Loam Media, which was incorporated in June, merging with Family Stations with Loam as the surviving entity.
The mission statement for Loam Media Inc. states “the primary purpose of Loam Media is to inspire every
individual to discover and pursue a relationship with Christ, by delivering media that blends
captivating stories, doctrinally-sound teaching, innovative technology, and breathtaking artistry.
By providing sound Bible teaching, stories and music, our intent is that the listener would
receive hope, strength, and encouragement from this programming.”
After closing on its $250,000 purchase of “Air 1” 107.1 WIRO Ironton OH from Educational Media Foundation last month, Kevin West’s KW Ministries sells the station to Total Media Group for the same price. A Time Brokerage Agreement ahead of closing is included in the deal. KW retains Christian “Expression Radio” 1230 WITO Ironton.
Olivet Nazarene University sells its CP for 91.5 WONS New Castle IN to The Gospel Light Ministries for $5000.
KAJC FM transfers Christian Preaching 90.1 KAJC Salem OR to Lebanon PA based Calvary Chapel Bible Broadcasting for no consideration. The two organizations have identical boards.
Lushomo Health Education Centre transfers its CP for 90.5 WTLG Makanda/Carbondale IL to Vanguard Association of Sunbelt Colleges Corporation for no consideration.
Translator Sales
Advance Ministries sells 100.5 K263BH New Auberry CA to Cocola Broadcasting Companies for $25,000. K263BH has changed parent signal to Fresno Free College Foundation’s 88.1 KFCF Fresno.
This story first appeared on radioinsight.com