Station Sales Grupo Latino de Radio, a subsidiary of Spanish media conglomerate Prisa, seeks to increase their stake in Spanish News/Talk “Caracol 1260” WSUA Miami from 25% to 100% by buying out Eucario Bermudez for $270,000. One of the first cases of the new streamlined foreign ownership rules that allow foreign companies to outright purchase stations following review by the FCC and other federal agencies. As previously reported, JVC Media has sold Oldies “True Oldies 93.5” WBGF Belle Glade FL to Zoo Communications for $1.1 million. Upon completion of the sale, WBGF will join the Dance “Revolution 93.5” WZFL Islamorada/W228BV Fort Lauderdale/W228BY Miami synchrocast. Jeff Davis’ Imperial Broadcasting Company acquires Adult Hits “Smash Hits” 1330 W...Read More
Arthur Lyness sells Country “Lake Country 94.7” 94.7 WULK Crawfordville GA to Paul and Suzanne Stone’s Wyche Service Corporation for forgiveness of a $45,000 promissory note. Wyche owns Oldies “103.9 The Dock” WDDK Greensboro GA, while the Stone’s also own Southern Stone Communications and a stake in Monticello Media. Kristopher Kendrick’s Oconee Communications Company purchases Sports 1450 WMVG and Country 102.3 WKZR Milledgeville GA from WMVG Inc. for $25,425. Cram Communications sells 1300 WOSW Fulton NY to Pathway Community Radio for $20,000. WOSW currently simulcasts Country “92.1 The Wolf” WOLF-FM Baldwinsville/Syracuse. Jak Communications acquires Country 1340 KPOK Bowman MT from Tri-State Communications for $97,000. Oasis of Fai...Read More
Univision has sold half of its Spanish CHR “Latino Mix” simulcast in Chicago to the Polish National Alliance’s Alliance Radio LLC for $5.5 million. The deal will make 103.1 WVIV-FM Highland Park a sister to Brokered 1490 WPNA Oak Park. One of the conditions of closing is that Univision must complete the move of 93.5 WVIX Joliet to Lemont and the tower site of EMF’s 94.3 WJKL Glendale Heights where it will operate with 3.5kW/133m. The move will create overlap with much of WVIV-FM’s coverage making the need to simulcast moot. That may require a new application and CP as its previous CP was set to expire earlier this week.
MARC Radio is selling 101.7 WDVH-FM Trenton FL and acquiring 100.9 WXJZ Gainesville. MARC will pay $500,000 to purchase Classic Hits “Wow 100.9” WXJZ from JVC Broadcasting. Michael J. Berger of Bergner and Co. served as the broker. In order to fit WXJZ in their ownership cap, MARC Radio has divested rimshot 101.7 WDVH-FM Trenton to Radio Training Network for $230,000. WDVH-FM has been simulcasting Classic Country “I Am Country 94.1” 980 WDVH/94.1 W231DH Gainesville. Radio Training Network will flip the station to its non-commercial Christian AC “The Joy FM” network. Following the transactions, MARC Radio will add WXJZ to its Gainesville/Ocala cluster consisting of Alternative “100.5 The Buzz” WHHZ, Urban “Magic 101.3” WTMG, Christ...Read More
Richard Heftel’s Heftel Broadcasting has won the bidding for the seven Highway Radio stations. Heftel, son of longtime radio operator Cecil Heftel and former GM of KLVE/KSCA/KTNQ Los Angeles for Hispanic Broadcasting, won the bidding with a $620,000 offer. Educational Media Foundation’s $525,000 offer for just 98.1 KRXV Yermo and 99.7 KHYZ Mountain Pass was considered the backup bid. Following the closing of the transaction, Heftel Broadcasting will own a controlling 67.7 percent stake in the stations while John Hearne’s Point Broadcasting will retain their 32.3 percent share. Heftel began operating the stations via Time Brokerage Agreement earlier this month. Original Report 3/8: Seven stations in the California desert on the route between Los Angeles and Las Vegas are b...Read More
Station Sales Red Zebra Broadcasting continues its sell-off with the divestment of “Sportstalk 570” WSPZ Bethesda MD/Washington DC to Edward Atsinger and Stu Epperson’s AM 570 LLC for $2.1 million. While being purchased by the CEO and two directors of Salem Media, the station will not be owned directly by the company. High Plains Radio Network purchases James Moser’s Palo Pinto Communications’ four stations in Breckenridge and Graham TX for $300,000. The stations involved are News/Talk 1430 KROO Breckenridge/1330 KSWA Graham, Country “93.5 K-Lakes” KLXK Breckenridge, and Classic Hits “Q94.7” KWKQ Graham. William Pollack acquires Talk 1590 WCGO Evanston/Chicago IL for $3 million. Pollack owns Talk/Shopping 1280 WBIG Aurora and 1410 WRMN ...Read More
The stations that made news last summer for terminating its staff by changing its locks and charging the employees with trespassing have been sold to Paul Coates and former Arkansas Governor Mike Huckabee. Coates and Huckabee’s East Texas Results Group will purchase the former CHR “Breeze-FM” 95.3 KFRO-FM Gilmer/102.3 KLJT Jacksonville and Regional Mexican “Kompa-FM” 94.3 KZXM Bullard/103.1 KMPA Pittsburg TX in the Tyler/Longview market from the estate of Dudley Waller for $1.2 million. The buyers currently operate four stations in the Pine Bluff AR market. The buyers will need to enter new transmitter leases for KFRO-FM and KZXM, including paying all back rent owed for the KFRO-FM site at closing.
After selling 92.7 WWXT Prince Frederick MD to Urban One last month, Red Zebra Broadcasting has sold the other FM simulcast of Sports “ESPN 980” WTEM Washington DC to Educational Media Foundation. EMF will pay $250,000 for 94.3 WWXX Buckland VA, which serves the western suburbs of Washington in Northern Virginia, and flip it to its Christian AC “K-Love” network and non-commercial status. Following the sale of WWXX and its previous sale of WWXT and 950 WXGI Richmond to Urban One, Red Zebra will only retain 980 WTEM and “Sportstalk 570” WSPZ Bethesda MD.
The FCC filing reveals that Dirk Nadon’s Lakes Media LLC. will pay $2.6 million for the three Great Eastern Radio stations in the New Hampshire’s Lakes Region. Original Report 5/12: Great Eastern Radio has announced the sale of Sports 101.5 WZEI Meredith, Classic Rock “104.9 The Hawk” WLKZ Wolfeboro, and News/Talk “107.7 The Pulse” WTPL Hillsboro NH to Dirk Nadon’s Lakes Media LLC. Nadon currently serves as VP/Engineering for Binnie Media, which owns a competing cluster in the Lakes Region of New Hampshire. He co-founded one of the stations in the deal, 101.5 WZEI as WMRQ in 1988 until selling it in 1994. Nadon has also served as OM for Curt Gowdy’s 93.7 WCGY Boston in on-air and programming roles at many New England stations. No terms of the...Read More
Robert and Tor Ingstad are breaking up their Last Frontier Mediactive group in Fairbanks AK. Tor Ingstad Licenses will pay $361,390 to acquire Sports “ESPN 820” KCBF, Country “Wild 94.3” KWDD, and CHR “K-Wolf 98.1” KWLF Fairbanks. Tor will also purchase Classic Country “93.5 Chet-FM” KDJF Ester from Tanana Valley Radio for $275,000. Tor Ingstad owns 50% of Basin Mediactive’s cluster in Klamath Falls OR and nineteen stations in Iowa and Minnesota under the names Ingstad Brothers Broadcasting and Iowa City Broadcasting. Rob Ingstad Licenses will receive News/Talk 660 KFAR, Rock “X-Rock 95.9” KXLR Fairbanks, and Variety Hits “103.9 Ted-FM” KTDZ College for the same $361,390 price. Rob will also add Tanana Valley Rad...Read More
In a series of deals announced today Saga Communications will sell its television assets to Morgan Murphy Media for $66.6 million, assign its options for other stations to SagamoreHill Broadcasting, and purchase Apex Media’s radio assets in Charleston and Hilton Head SC for $23 million. In the first two deals, Saga will sell KOAM-TV Joplin MO and KAVU Victoria TX to Morgan Murphy Media while its options to acquire Surtsey Media’s KFJX Joplin and KVCT Victoria to SagamoreHill Broadcasting, which Saga operates. The deals will mark Saga’s exit from television ownership Saga will then acquire Apex Broadcasting’s radio operations in Charleston and Hilton Head SC. The stations involved in that deal are: Charleston – Country “Kickin 92.5” WCKN, Hot AC ...Read More
Emmis Communications has agreed to sell Urban “Power 106” 105.9 KPWR Los Angeles to an affiliate of the Meruelo Group for $82.75 million. Meruelo owns Classic Hip-Hop 93.5 KDAY Rendondo Beach and Rhythmic CHR “Wild 93.5” KDEY-FM Ontario. The company recently netted $123.5 million in the FCC TV spectrum auction to move KWHY-TV to a VHF channel. It is also acquiring the license to KBEH Oxnard for $10 million which will channel share with KWHY following the TV repack. Emmis announced last month a deal with its lenders to seek $80 million worth of divestments by January 2018 to amend its credit agreement. The sale of KPWR will achieve that goal. Following closing of the sale, Emmis will retain its 18 stations in New York, St. Louis, Indianapolis, and Austin. Emmis had p...Read More