This from R&R: KORM-FM/Astoria PRICE: $45,000 TERMS: Asset sale for cash & note BUYER: Carlos Arana Ministries, headed by President/CEO Carlos Arana. Phone: 909-381-3547. It owns no other stations. This represents its entry into this market. SELLER: World Radio Network, Inc., headed by CEO Glenn Lafitte. Phone: 956-787-9788 FREQUENCY: 90.5 MHz POWER: 48 watts at 469 feet FORMAT: Spanish, Christian contemporary COMMENT: World Radio Network's KORM-FM/Astoria, Ore., to Carlos Arana Ministries for $45,000. $3,000 deposit plus $22,000 cash at closing plus $20,000 promissory note.
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