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Station Sales Week Of 9/18: Entercom Sells Two Greensboro AMs

Truth Broadcasting also picked up WTIK 1310 and WRJD 1410, both in Durham, from TBLC Media of Nashville. WTIK and WRJD are currently brokered Spanish-language formats, and will join Truth's WDRU 1030 (and translators 105.5/Durham and 105.7/Raleigh) as well as WTSB 1090 in Smithfield (plus translator 105.5).
 
Truth Broadcasting has sold WTIK to A&B Media, LLC--which has operated the station under an LMA for a decade under two different owners--, for $10,000. That seems really low, even by 21st century AM standards, considering the land alone on which the station and its three towers sit could easily fetch 10 times that, plus the WTIK signal, though not the best AM signal in the market, does reach a significant population. The Asset Purchase Agreement posted on FCC.gov indicates that the property, towers, building, etc., are all being sold, though Truth will lease the tower site (home to the main studio of Truth-owned WRJD 1410 AM) for $1/month for an initial ten year term with an automatic ten-year renewal.
 
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