Asheville Citizen-Times from Asheville, North Carolina • Page 40

Use AiNevHIe CHIiea, Friday, April II, IW4 FCC OKs Sale Of WLOS-FM, Wometco lnlnrfa In hrnarlrnlrtlnff. cable TV. From Staff and Al Reports ment firm and the separate purchase The Federal Communications of radio station WLOS-M In Ashe-Commisslon approved Thursday the vlUe. fl billion purchase of Wometco En- The commission approved the terprlses Inc. by a New York Invest-.

11.75 million sale of WLOS to WISE APRIL 13 Radio Inc. of Asheville. The deal between Wometco, of Miami, and Kohlberg Kravts Roberta II Co. Is valued at $842 million, based on the payment of $4JS0 a share In cash for Wometco's 18.1 mlUlon outstanding shares. Wometco's stockholders approved the transaction March.

The transaction also Includes the buyout of the It percent Interest held by private stockholders In Wometco Cable TV and the assumption of Wometco's outstanding debt, making the total transaction worth slightly more than $1 billion. Kohlberg Kravla Roberts ac- quired Wometco through a subsidiary, WBC Broadcasting Corp. and plans to make It a private company, according to officials. Wometco was founded in 1025 by Mitchell Wolfson and Sidney Meyer. Wolf son kept a home in Asheville.

He died Jan. 28, 198S, at the age of 82. Wometco grew into a leisure- time company with major business vending and food services, motion picture theaters and entertainment parks and Coca-Cola bottling. Wometco also operates a vending operation in Asheville. Wometco controls six television stations, which are part of the deal with Kohlberg Kravti Roberts, as well as one radio station.

Wometco is one of the nation's 28 largest cable companies, with more than 296,000 subscribers In Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Alabama, Oklahoma and New York. In 1983, Wometco posted net earnings of (30.9 million on revenues of 1619.7 million. That compared to 1982 earnings of 126 million on 9493.4 million in revenue. Kohlberg Kravls. broke Into broadcasting in 1983 by acquiring KTLA-TV In Los Angeles from Gene Autry and The Signal Cos.

for 1245 million, the highest price ever paid for a single independent TV station. ITS LATER THAN TOU THINK. Remember 1988? If you've not filed your taxes, It's not over yet! And that gives you one final chance to change the past: An E.F. Hutton IRA. What you contribute now can still reduce your taxes for last year.

But only if you act before April 16th. So don't wait, send the coupon, make that call. The IRS can still help pay for your retirement. For the moot in peraonal computing. Complete Cosiness Analysis Training Full Service Fort Help! I've only got 3 days to open my IRA.

Quick! Send me your free brochure on IRAs. Quicker! Have an E.F. Hutton Account Executive call me. ffi Quickest! I'm calling my local Hutton office (listed below). Buncombe Retail Sales Up 15 For January Address City.

Sute, Zip Telephone Number IFHutton IDM Tele Video Compaq DEC Call for spring class schedules Complete Line of Business Software Westgate Shopping Center Asheville, NC 28806 (704)255-0962 E.F. Hutton Company Inc. 72A Patton Avenue. Asheville. NC 28801 (7041 252-0200 By DAVID NIVENS Business Editor Buncombe County merchants recorded a booming January sales month with 95.3 million in purchases, up 15 percent from January 1983.

The strong January sales followed a strong Christmas sales season in December. Asheville merchants accounted for $76.1 million of the monthly total, according to just-released figures from the N.C. Department of Revenue. Buncombe County sales totaled $82.9 million in January 1983. 231 N.

Main Hendersonville, NC 28793 (704) 692-2247 WhenEE Hutton listen. READ THE CLASSIFIED ADS Strong Christmas sales helped Buncombe County merchants post $126.5 million in retail sales for December 198S, up 16 percent Sales for Henderson County, the second-largest market In Western North Carolina, were $39 million, down from $44 million In December, but up from $29 million in January 1983. Buncombe County held sixth place In the state In sales during the month. Mecklenburg County ranked first at $489 million followed by Guilford at $271 million, Wake at $259 million, Forsyth at $178 million and Cumberland at $104 million. Sales totals for other WNC cities were (in millions): Boone, Brevard, Forest City, Hendersonville, Morganton, $15.2 and Waynesville, $9.3.

Buncombe County retail sales advanced 3.1 percent to $1.14 billion for the fiscal year ending June 30, 1983, according to the revenue department Buncombe County has topped the $1 billion mark In retail sales each year since 1980. Nationwide, sales by U.S. retailers rose a 2.2 percent In January, the biggest month-to-month increase since May 1983, the U.S. Commerce Department reported. Officials blamed bad December weather for curtailing sales and hailed robust January sales as reflecting growing consumer confidence in the nation's economic health.

Sales totals for other Western North Carolina counties in January were (listed in millions): Avery, Burke, Cherokee, Clay, Graham, Haywood, $22; Jackson, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania, Watauga, $17; and Yancey, $3. PIENTLNG A LOT OF COMPUTER 1 JLY MUJ 1 VL 1 UVL i. 1 anal Ml 1 1 II I II "'l "11" Qiampion SellH Division From Staff Repont McKesson Corp. has signed a letter of intent to buy the office products division of Champion International Corp. for about $35 million in cash, according to company officials.

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