Station Sales

Station Sales Week Of 11/17

Eure Communications is transferring Country “97.9 The Bear” WNBB Bayboro/New Bern NC to Diana Schulman for $500,000. Schulmann currently serves as Sales Manager for the station. Sarah Shellhammer’s Morgan County Media is acquiring Country 105.5 WJVO South Jacksonville, News/Talk 1550 WJIL South Jacksonville and Classic Hits 102.9 W275BM Jacksonville IL from Bart Boling’s Morgan County Broadcasting for $250,000. Shellhammer has served as General Manager of the stations since 1997. Alpha Media is selling the Construction Permit for 99.1 KZAH Harper TX to JAM Broadcasting for $125,000. Alpha had paid $408,000 in the 2015 FCC Auction 98 for the rights to the allocation. The buyers also own Country “103.7 The Buck” KAXA Mountain Home TX. On the fringes of the...Read More

EMF Acquires WJKE Saratoga NY

Educational Media Foundation will acquire AC “101.3 The Jockey” WJKE Stillwater NY from Empire Broadcasting for $550,000. The station serves the northern portion of the Albany NY market including Saratoga. The signal will be paired with EMF’s 94.5 WYKV Ravena/Albany whose coverage contour nearly ends where WJKE’s begins. Upon completion of the sale, Empire Broadcasting will retain Standards “Moon Radio 900” WABY Watervliet, AAA “106.1 The X” 1160 WAIX Mechanicsville/106.1 W291BY Albany, and Talk/Business “Empire News Network” 1240 WPTR Schnectady.

Vic Latino Splits From JVC Broadcasting; Acquires West Palm Beach Station

Vic ‘Latino’ Canales is exiting JVC Broadcasting and taking Oldies “True Oldies 95.9/106.9” 960 WSVU North Palm Beach FL with him. Canales will exchange his 151,110.94 Class A and 212,500 Class B membership units of JVC valued at $301,110.95 for WSVU and translators 95.9 W240CI North Palm Beach and 106.9 W295BJ Jupiter. His stock will be split evenly between the other JVC investors including CEO John Caracciolo, Paul R. Homer & Jana E. Homer, Janet LePorin & Dennis LePorin, Patrick Caracciolo, and James G. Schiff. Canales previously worked on-air at “Party 105” WPTY Long Island, “Party 95.3” WPYO Orlando, 103.5 WKTU New York, and XM Satellite Radio prior to returning to Long Island in 2007 to launch “98.5 La Fiesta” WBON...Read More

Station Sales Week Of 11/10

After closing on his $85,000 purchase of 1560 KKAA Aberdeen and 1380 KQKD Redfield SD from Family Stations, Robert Ingstad is transferring KKAA to I3G Radio for $60,000. Ingstad owns 1/3 of I3G Radio along with siblings Todd Ingstad and Tallie Colville. The family split the estate of their mother with sister Tanya ‘Tami’ Ingstad Knudson last week. John Cress’ Low Potosi LLC will acquire 96.7 K244CE Pahrump and 100.1 K261BZ Las Vegas NV from K244CE LLC for $1,000. The buyer states both translators will rebroadcast Faith Communications Christian AC 90.5 KSOS Las Vegas.

WTPA Harrisburg Sold To EMF

Patrick Sickafus has sold Rock 92.1 WTPA Palmyra/Harrisburg PA to Educational Media Foundation for $750,000. The station will become part of EMF’s “K-Love” Christian AC network which is currently heard in Harrisburg on 101.7 W269AS Carlisle. Sickafus purchased the station from Cumulus’ Potential Broadcasting Trust in 2012 for $530,000. Cumulus moved the Rock format from 93.5 to 92.1 as part of its mandated spin-offs to complete its then acquisition of Citadel. The station has featured a Rock format dating back to its launch on 104.1 in 1980. It then moved to 93.5 in 1985 and 92.1 in 2011. The seller is a touring Country artist under the name Pat Garrett who owns a sheepskin store and Classic Country 1510 WWSM Annvile-Cleona.

iHeart Sends Three To Divestment Trust

To complete its swap with Entercom to acquire Talk 680 WRKO, News/Talk 1030 WBZ, Urban AC “The New 97.7” WKAF, and Classic Rock 100.7 WZLX in Boston along with Variety Hits 96.5 Jack-FM” KJAQ, Classic Rock 102.5 KZOK, Sports “CBS Sports 1090” KFNQ in Seattle, iHeartMedia is placing three stations in a divestment trust. The Ocean States Trust is being created to operate Conservative Talk 1430 WKOX Everett MA, Alternative “Alt 102.9” KFOO Centralia WA and Rhythmic CHR 104.9 KUBE Eatonville WA. The trust will be managed by Jeanette Tully, who also oversees iHeart’s Aloha Stations Trust which holds fourteen stations across nine markets. Due to the need for the divestment trusts, iHeartMedia will not be able to begin operating WRKO, KFNQ, KJAQ, or...Read More

Station Sales Week Of 11/3

A sibling battle over the Estate of Janice Ingstad has reached a settlement with the broadcast assets being split two ways. Tanya ‘Tami’ Ingstad Knudson will receive the company’s South Dakota properties held under the name James River Broadcasting. Those stations include cluster in two markets. In Mobridge: Hot AC “Star 99” 99.5 KOLY-FM Mobridge, Country 100.7 KMLO Lowry/Mobridge, and Full Service AC 1300 KOLY Mobridge. In Pierre: CHR “River 92.7” KGFX-FM Pierre, Country 94.5 KPLO Reliance, Classic Hits “100.1 The Eagle” KJBI Fort Pierre, and Classic Country 1060 KGFX/107.1 K296FI Pierre. Knudson will also receive Midwest Information Systems. Todd Ingstad, Robert J. Ingstad, and Tallie Colville will each take 33% ownership stakes in th...Read More

Entercom Trades Boston & Seattle Spin-Offs To iHeartMedia For Richmond & Chattanooga

In the third spin-off announced as part of its DOJ settlement, Entercom will trade its remaining Boston and Seattle spin-offs to iHeartMedia for their clusters in Richmond VA and Chattanooga TN. iHeartMedia will receive CBS Radio’s News/Talk 1030 WBZ, Classic Rock 100.7 WZLX and Entercom’s Talk 680 WRKO and Urban AC “The New 97.7” WKAF in Boston and Variety Hits 96.5 Jack-FM” KJAQ, Classic Rock 102.5 KZOK, Sports “CBS Sports 1090” KFNQ in Seattle. In exchange Entercom will receive the following ten stations: Chattanooga: Variety Hits “98.1 The Lake” WLND, Country “US 101” 100.7 WUSY, CHR “103.7 Kiss-FM” WKXJ, and Rock “Rock 105” 105.5 WRXR as well as Urban “Real 96.1” W241AF/WUSY-HD2. Rich...Read More

Entercom Swaps 98.5 The Sports Hub Boston To Beasley For Magic 106.7

Entercom is trading Sports “98.5 The Sports Hub” WBZ-FM Boston to Beasley Media for AC “Magic 106.7” WMJX and $12 million cash. WBZ-FM will join a Beasley cluster that includes Alternative “Alt 92.9” WBOS, Rhythmic Hot AC “Hot 96.9” WBQT, Country 102.5 WKLB, Classic Hits 105.7 WROR, and Brokered Business 1330 WRCA/106.1 W291CZ. Entercom will add WMJX to its mix of former CBS Radio and Entercom stations that include Sports 93.7 WEEI-FM, CHR “103.3 Amp Radio” WODS, Hot AC “Mix 104.1” WBMX, Rock 107.3 WAAF, Sports “ESPN Radio 850” WEEI and WEEI-FM simulcast 1440 WVEI. Both companies will take over operations of their acquired stations via LMA when the CBS Radio/Entercom merger closes. Beasley Broadcast Group, ...Read More

Entercom LMA’s Sacramento & San Francisco Stations To Bonneville

Bonneville International will LMA Entercom’s required spin-offs in Sacramento and San Francisco. Bonneville International will gain control of four of CBS’ five stations in Sacramento: AC “Mix 96” 96.1 KYMX, Hot AC “Now 100.5” KZZO, “New Country 105.1” KNCI, and “Sports 1140” KHTK. Bonneville also will operate four stations in San Francisco: CBS Radio CHR “99.7 Now” KMVQ and Entercom AC 96.5 KOIT, Classic Rock “98.5 K-Fox” KUFX, and Urban AC 102.9 KBLX. No sale agreements are in place yet as the licenses will be held by the Divestiture Trust. Bonneville will begin operating the stations as soon as the Entercom/CBS Radio merger closes later this month. Rhythmic CHR 102.5 KSFM will remain with Entercom and jo...Read More

Lazer Broadcasting Acquires Remainder Of Casa Media Properties

The bankruptcy sell-off of Casa Media Partners has come to an end as Lazer Broadcasting agrees to acquire its remaining seven radio stations and one translator for $1.7 million. Lazer will acquire the “La Maquina Musical” Regional Mexican network of 100.5 KMQA East Porterville/Visalia/Bakersfield, 100.5 KMEN Mendota, 103.1 KAAT Oakhurst/Fresno, 100.9 KAEH Beaumont/San Bernardino, 103.7 KIQQ-FM Newberry Springs/Barstow and 1310 KIQQ Barstow as well as Soft AC “Soft Hits 1060” KTNS Oakhurst/Fresno and 104.3 K282AE Oakhurst (with CP to move to 107.9 in Victorville rebroadcasting KIQQ). Lazer owns or is in the process of purchasing 32 stations in California and Nevada. Casa Media Partners has been in Chapter 11 bankruptcy since 2015. It sold its three stations in Washin...Read More

Station Sales Week Of 10/27

William and Susan Amos’ Community Media Group is selling AAA “101.5 The Mountain” WVMP Vinton/Roanoke VA to Todd Robinson’s Lynchburg Radio Group for $250,000. Robinson’s WVJT Inc. previously filed to purchase the station in August 2016 for $600,000 but that deal was later withdrawn. WVMP began simulcasting on 102.5 WBZS Shawsville in January. Michael ‘Buzz Corona’ Hernandez’s Western Radio Ltd. purchases 690 KWRP/93.9 K230BZ Pueblo and 100.3 K262BB Boone CO from United States CP for $80,000. Hernandez had been programming the stations and 94.7 KFVR-FM Beulah as Classic Hip-Hop “The Buzz” for previous LMA operator SoCo Radio. Three months after acquiring 102.3 KHKF Island City OR for $50,000, Xana Oregon sells it and 101.3 K267CE ...Read More