By BroadCasting & Cable Staff -- Broadcasting & Cable, 10/29/2000 7:00:00 PM
The correct price for Horizon Broadcasting Group LLC's purchase of KMXM(FM) Gooding/Boise, KTPZ(FM) Mountain Home/Boise, KTFI(AM) Twin Falls, KIKX(FM) Ketchum/Twin Falls and KMHI(AM) Mountain Home, Idaho (Changing Hands, Oct. 16) is $10 million, according to FCC documents. Seller Impact Radio Group/FM Idaho Co. paid just under $1.6 million for four of the stations in 1996-97. Also, the documents show that seller's manager, Wendell M. Starke, will get 25% voting interest of Horizon.
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