West Michigan: Newsmakers Oct. 12, 2009

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Grand Rapids Press:

A battle for control of the city's only station geared toward the black community is getting uglier, with recording artists and local pastors Marvin and MaLinda Sapp launching what could end up being a third bid for WJNZ 1140 AM. The move came after they broke away from a proposed partnership with station manager Robert S. Womack and another group of investors over how much of the station the Sapps would own. Womack said the Sapps were offering only $150,000 in exchange for 75 percent ownership of the station, which is expected to sell for $350,000 to $400,000. "He thought he caught us between a rock and a hard place, and he was going to take advantage of it," Womack said Friday. "I'm not one to take advantage of." WJNZ went into receivership earlier this year when its current owner, Michael St. Cyr, defaulted on a loan with Huntington Bank... Marvin, MaLinda Sapp file competing bid for WJNZ AM radio station (Mon, 10/12)

 

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About this Entry

This page contains a single entry by Mike Austerman published on October 12, 2009 9:14 PM.

West Michigan: Newsmakers Oct. 11, 2009 was the previous entry in this blog.

Sales / Transactions / FCC Actions: Oct. 13, 2009 is the next entry in this blog.

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