March 1, 2013
KENT-AM licensed to Parowan, Utah has been sold* to Canyon Media Group, LLC. KENT-AM was one of five stations put up for sale by Wayne Klein, Utah Fifth District Court’s appointed receiver. The stations were previously owned by Morgan Skinner’s Legacy Communications who was forced into receivership by their creditors including US Capital out of Colorado. In November 2011, the creditors of US Capital filed an involuntary petition to place US Capital in Chapter 11 bankruptcy. In March 2012 the trustee for US Capital converted the Chapter 11 bankruptcy to a Chapter 7. Wayne Klein of Salt Lake City was appointed by the Fifth District Court as receiver of the Legacy Stations in Utah and Idaho.
KENT-AM broadcast on 1400 kHz with 1000 watts day/night and cover neighboring Cedar City, Utah. The station is currently dark. Canyon Media Group, LLC or its affiliates own several stations in St. George, Utah; Logan, Utah and Idaho Falls, Idaho.
Greg Merrill of our Salt Lake City office was appointed by the court to market the stations. In the fall of 2012, seven bids were received on the five stations including KPTO-AM, Pocatello, Idaho; KITT-FM, Soda Springs, Idaho; KOGN-AM Ogden, Utah and KNFL-AM, Tremonton, Utah. Contracts and FCC filings are pending on these stations.
* Pending FCC Approval