Holiday 2011 PPM Austin TX Greensboro Hartford CT Indianapolis IN Jacksonville FL Memphis TN Milwaukee WI Nashville TN Norfolk VA Providence RI Raleigh NC West Palm Beach Fall 2011 Quarterly Bluefield WV Casper WY Cheyenne WY Jackson TN Lawton OK Mankato MN Rapid City SD Sioux City IA Wichita Falls TX Abilene TX JB & Sandy Nikki Nite Rob Carson The Morning Show JD for the Ride Home Chris and Janeen Keith Mitchell The Breakfast Club Shane Collins Shroom Meat Brady & Rose John Tesh Miggy AJ Jennifer Lipp Dan Thomas Alex & Terri Stephen Michael Kerr Tom & Maria Steve Goddard Valentine Ryan Seacrest The Juice Crew John Magic

The board of directors of Lutheran Church-Missouri Synod have agreed to sell 100kw Classical KFOU-FM (99.1)/St. Louis. According to the St. Louis Post-Dispatch, the 61-year-old classical music outlet is being purchased by Gateway Creative Broadcasting, for $18 million plus $8 million in interest over a 10-year term. The sale will become final in March, pending FCC approval.

Des Peres, MO-based Gateway is the parent of Joy FM, which broadcasts Christian contemporary music. It presently owns two stations, in nearby Potosi and Bowling Green, that do not reach St. Louis.

According to sources close to the Synod's board of directors, Gateway will pay $150,000 immediately, $1.35 million at closing, an additional $1.5 million in interest and amortization in the fourth year, and the remainder in the tenth year.

LCMS treasurer Tom Kuchta and board member Kermit Brashear, an Omaha lawyer and politician, handled the sale. Brashear handled the negotiations. (10-06-09)

Menu | Contact Us | Subscribe | Advertise | Privacy Policy | About Us

Copyright © 1989-2012 RADIO ONLINE ® The publisher makes no claims concerning the validity of the information posted on RADIO ONLINE and will not be held liable for its use. No part of this material may be reproduced in any form, incorporated in any information retrieval system or otherwise redistributed without the prior written permission of the publisher.