From the MCRFB radio news scrapbook:
Hopkins Sell WJBK For 550 G; Price Was $3,000 In 1930
DETROIT — August 31. Sale of 250-watt WJBK here for $550,000 to Fort Industry Corporation was confirmed by James F.Hopkins, for 16 years the owner. Deal brings back to Detroit George Storer, who formerly owned WGHP and CKOK (now CKLW) of Windsor, which is virtually a Detroit station in coverage. Fort Industry Corporation operates operates a string of seven stations; WSPD, Toledo; WMVA, Wheeling, W. Va.; WGBS, Miami; WAGA, Atlanta; WMMN, Fairmont, Pa.; WLOK, Lima, Ohio; and WHIZ; Zanesville.
Hopkins pointed out that the sale is subject to FCC approval, and that no action would be expected for some months, at least. Price of sale for the station, which is nearly tops for this power, is under the $700,000 deal for the same station discussed a couple of years ago when the United Automobile Workers considered buying it.
Permit for a 10 KW, FM station also goes with a the WJBK deal. Increase in value by the properties is shown by the fact that Hopkins bought WJBK back in 1930 for $3,000. END.
(Information and news source: Billboard; SEPTEMBER 7, 1946).
