Station Sales

WayFM Acquires KVRK Dallas

The acquisition of KVRK has been filed with the FCC. Way Media will pay $2 million for the station and has applied to operate it as a satellite of 88.7 WAYM Spring Hill/Nashville, TN. Original Report 5/14: Way Media, operator of the “Way FM” Christian AC network has announced the acquisition of Christian Rock “89.7 Power-FM” KVRK Sanger/Dallas, TX from Research Educational Foundation, Inc.. Upon closing of the transaction, Way Media will flip KVRK to its “Way-FM” format and branding. Dallas will become the biggest market for the network, which owns stations in eleven states including the markets of Denver, Louisville, Nashville, Portland, and West Palm Beach. Way Media also syndicates “The Wally Show” and other programming to additional Chris...Read More

WFSS Fayetteville Acquired By WUNC; Drops Jazz Programming

The University of North Carolina’s 91.5 WUNC Chapel Hill/Raleigh will see its programming expand southward into Fayetteville immediately. WUNC has announced the acquisition of Public News/Talk/Jazz 91.9 WFSS Fayetteville from Fayetteville State University for $1.35 million in cash plus $400,000 in additional underwriting and internships for FSU students. The WFSS license will be transferred to the newly created WUNC Public Radio, LLC. WFSS will immediately begin operating as a simulcast of WUNC, leading to the end of the Jazz programming that made up the bulk of the WFSS schedule from 9am to 2pm and 6:30pm to 5am weekdays. It joins a WUNC network also heard on 90.9 WRQM Rocky Mount, 91.1 WUNW Welcome/Lexington, 88.9 WUND-FM and 90.9 WURI Manteo, and 90.5 WBUX Buxton/Cape Hatteras. WU...Read More

Creditor Takes Control Of WBEB

Zell Credit Opportunities Fund is taking over controlling interest in Jerry Lee Broadcasting. Jerry Lee Broadcasting is the owner of AC “101.1 More-FM” WBEB Philadelphia. The transaction filed with the FCC is setup to give the creditor control of the company’s Board of Managers by increasing its membership from three to five people due to default on a due loan and giving it managing control of the station. The credit agreement included in the FCC filing indicates that the filing is the first step towards an eventual sale of the station. The new Manager is authorized by the contract to “retain an investment banker, open a data room and to populate it with all customary due diligence materials and open such data room up to potential bidders, and to take other prelimin...Read More

EMF Inches Its Way Into Los Angeles

Educational Media Foundation has purchased Life On The Way Communications’ 88.9 KTLW Lancaster, CA and three translators for $1,075,000. The three translators will increase EMF’s coverage in Los Angeles proper. 91.9 K220HC Studio City operates from the Hollywood Hills with 10 watts at 262.8 meters and covers Hollywood, Beverly Hills and other Central Los Angeles neighborhoods (Coverage Map). 91.9 K220FR Simi Valley serves the northwestern corner of the San Fernando Valley with 10 watts at 668 meters (Coverage Map). 88.9 K205EP Santa Clarita operates with 10 watts at 617 meters (Coverage Map). Educational Media Foundation operates the Christian CHR “Air 1” network on a trio of suburban rimshots: 92.7 KYLA Fountain Valley, 92.7 KYRA Thousand Oaks, and 92.7 KYZA Adelan...Read More

Station Sales Week Of May 8

Mark Jorgenson’s ACM Dallas agreed to purchase 700 KHSE Wylie and 990 KFCD Farmersville, TX last month for $450,000. Before even closing on that acquisition, ACM Dallas has agreed to transfer KHSE to Hammond Broadcasting for $1.5 million. KHSE will join a Hammond group that also includes 1110 KVTT Mineral Wells and the operation of Liberman Broadcasting’s 104.9 KZMP-FM Pilot Point, TX. Both stations broadcast as South Asian “FunAsia Radio“. On the western fringes of the Washington, DC market, 1520 Radio Asia LLC is acquiring 1520 WTRI Brunswick, MD out of bankruptcy receivership controlled by Roger Rafson for $275,000. The buyer also incurred all costs necessary to restore WTRI to the air before its license was due to be cancelled on April 15 for being dark for one year. ...Read More

Alpha Media Acquires Adelante Salt Lake City

The deal has been filed with the FCC showing that Alpha will be paying $3.15 million for the three Adelante Media Group stations in the Salt Lake City market. But is Alpha done growing in the market? We hear the company intends to expand its holdings in the market, perhaps following the conclusion of the big frequency shuffle. Original Report 4/29: Alpha Media has announced the acquisition of Adelante Media Group’s three stations in the Salt Lake City market for an undisclosed price. The deal adds Regional Mexican “La Gran D 102.3” KDUT Randolph, UT, Spanish CHR “Latino 106.1” KBMG Evanston, WY (With an eventual move-in to the SLC market on 106.3), and Spanish Adult Hits “Juan 1600” KTUB Centerville, UT. Alpha will begin operating all three station...Read More

Station Sales Week Of 5/1

Adelman Broadcasting is purchasing 98.5 KGIL-FM Johannesburg, CA from Mount Wilson FM Broadcasters for $110,000. KGIL-FM, which currently simulcasts “Go Country 105.1” KKGO-FM Los Angeles, will become Adelman’s seventh station in the Ridgecrest, CA market. Catholic station operator Real Presence Radio is acquiring 89.9 KQFR Rapid City, SD from Family Stations for $200,000. Real Presence currently owns six stations and two translators in North Dakota. The Julia Cherry Living Revocable Trust purchases silent 1590 WPUL South Daytona, FL for the assumption of debt. Cherry is the manager and 76% owner of Redemptive Strategies Broadcasting’s Regional Mexican “La Jefa 94.9” 1070 WCSZ Sans Sousi/Greenville, SC. The Zellmer Family Trust sells Talk/AC 1470 KVSL Sh...Read More

Station Sales Week Of 4/24

Station Sales American General Media and Hutton Broadcasting are swapping signals in the Santa Fe, NM market. Hutton will send Spanish Adult Hits “Juan 102.9” KLBU Pecos to AGM for “Radio Lobo” 94.7 KKIM-FM Santa Fe, which currently simulcasts 97.7 KLVO Belen/Albuquerque. The deal gives Hutton a much more powerful signal in Santa Fe as 94.7 KKIM-FM is a 100kW Class C1, however the deal may also help American General Media in the adjacent Albuquerque market as the 3.7kW Class C3 signal of KLBU is on the same channel as AGM’s Albuquerque translator 102.9 K275AO. That signal currently rebroadcasts 840 KARS Belen, NM as Alternative “Area 102.9“. Owning KLBU should allow AGM flexibility in upgrading K275AO’s signal. Davis Broadcasting of Atlanta i...Read More

Bustos Reacquires WDDW Milwaukee

Bustos Media will pay $1 million for WDDW according to the FCC filing of the acquisition. Original Report 4/22: Adelante Media continues its divestiture as it sends Regional Mexican “104.7 La Gran D” WDDW Sturtevant/Milwaukee, WI to Bustos Media for an undisclosed price. Bustos Media previously owned WDDW prior to the group transferring many of its assets to Adelante in 2010 as the group’s creditors took over the group. Last year Bustos reacquired Adelante’s nine stations in Washington State for $6 million. Adelante has since divested its Boise, Central California, and television holdings leaving it with just 1 AM and 2 FMs in the Salt Lake City market left to divest. Bustos will immediately begin operating WDDW via LMA.

Station Sales Week Of 4/17

Station Sales Amidst rumors of an acquisition by Alpha Media, Morris Communications is making an asset exchange in the Palm Springs market to remove a potential loss of a grandfathered asset. Morris will exchange Sports “Fox Sports 1270” KFSQ Thousand Palms, CA to Sunnylands Broadcasting for 95.5 KCLZ Twentynine Palms. Morris currently leases KCLZ from Sunnylands to rebroadcast Rock 93.7 KCLB Coachella and will lease back 1270 after the exchange closes. 95.5 KCLZ is technically part of the Victor Valley market allowing Morris to not lose any of its grandfathered holdings following a sale. Family Stations is continuing to prune off some of its non-core assets. 1210 KEBR Rocklin/Sacramento, CA goes to Spice Radio, Inc. for $600,000. Principles in Spice Radio are in the process of...Read More

Mount Wilson FM Acquires KIDD Monterey

At the end of 2014, Buckley Radio turned off “ESPN 630” KIDD Monterey, CA with the station’s towers subsequently knocked down. KIDD will receive a new lease on life as Buckley has sold the license for the station to Mount Wilson FM Broadcasters for $50,000 completing the exit of Buckley from station ownership. Mount Wilson will be need to file for a new transmission facility for KIDD before bringing it back on-air, which both groups will work together to get an STA filed within the next thirty days. The $50,000 purchase price includes a two year non-compete against the Buckley principles. KIDD will join a Mount Wilson cluster that includes Classical “K-Mozart” 95.1 K236BK/95.9 KMZT-FM, “Z Country 97.9/106.7” KYZZ/K294CA, Classic Hits “Q103.9 ...Read More

Port Broadcasting To LMA WXEX AM/FM

Pete Falconi and Carl Strube’s Port Broadcasting will begin operating Aruba Capital Holdings’ Classic Hits 1540 WXEX Exeter, NH/92.1 WXEX-FM Sanford, ME via LMA effective immediately. The WXEX combo will join Port Broadcasting’s 1450 WNBP/106.1 W291CC Newburyport, MA and 1220 WWSF/102.3 W272CG Sanford, ME in creating full coverage of the New England coast from the Massachusetts/New Hampshire border up to just south of Portland. Port Broadcasting, LLC of Newburyport, MA announced today that it has entered into a Local Marketing Agreement with Aruba Capital Holdings, LLC of Exeter, NH to operate their two radio stations in Exeter, NH and Sanford, ME. Aruba Capital owns WXEX AM & FM. Port Broadcasting will now handle the programming and advertising sales for those two s...Read More