WSJS 600-AM is in the process of returning to local ownership with Truth Broadcasting Co. agreeing to spend $625,000 to buy the 89-year-old station from Curtis Media Group.
Michael Carbone, Truth’s chief operating officer, said Tuesday that getting Federal Communications Commission permission for the deal could take until March or April with the COVID-19 pandemic slowing the agency’s transaction reviews.
Upon completion of the transaction, Carbone said, Truth plans to continue with the all-sports programing that WSJS launched in August 2017.
“We have offered to purchase (the station) and put money down,” Carbone said.
“It’s very early in the process. We have to wait for the FCC to do several legal maneuvers.”
RadioInsight.com reported that “a time brokerage agreement will take effect when Truth closes on November’s transfer of 1510 WEAL in Greensboro to Stuart Epperson Jr.’s non-commercial arm Delmarva Educational Association for $100,000.
WSJS would join Truth’s portfolio of WTRU 830-AM in Kernersville, WPET 950-AM in Greensboro, WPOL 1340-AM in Winston-Salem and WKEW 1400-AM in Greensboro. Epperson also owns WBRF 98.1-FM, a classic country-music station based in Galax, Va.
Carbone said that 103.1-FM and other low-power FM translator stations that make up the Triad Sports Hub are part of a separate but linked purchase.
Curtis Media, based in Raleigh, could not be immediately reached for comment about the pending sale. The company bought WSJS in 2007 when it had an all-news format.
WSJS’ studio and office have been in Kernersville since June 2016.
$$$$$$$$$$ At one time, the WSJS radio station was valued at a reported $5 million dollars…..$$$$$$$$$$
++++++++++This note from a RadioBiz site:Including WMFR and WSML, Curtis paid $8.38 million in the WSJS purchase in 2007…Together, MFR and SML, were probably worth a couple of hundred thousand dollars, and that’s it…WSJS was always considered by far, to be the cash cow….++++++++++
**********A strange development in the grand scheme of things now is, what happens now to 1230 WMFR and to 920 WPCM, which were also parts of the Triad Sports Hub, along with WSJS, and Curtis would still own both of those stations, MFR and PCM….**********
(Lots of shifting stations, in the hands of time.)