The sell-off of Radio Disney’s properties continues as a buyer has been found for 1480 WGFY Charlotte, NC. Charlotte Advent Media Corporation will purchase WGFY for $600,000. The new buyer is a non-profit run by President Bryan Aalborg. He serves as Lead Pastor at the Charlotte Sharon Seventh Day Adventist Church in Charlotte.
Ann Jones’ Peach Holdings is making a pair of acquisitions as it purchases Great South Wireless’ Classic Hits 97.7 WHPH Jemison, AL for $1.6 million and 99.1 W256CD Fultondale/Birmingham from Shelby Broadcast Associates for $300,000. Mary Guthrie is selling the CP for 96.7 K244EX Las Vegas to Windy City Broadcasting for $25,000. Guthrie will file an application to modify the currently licensed 4.5 watt signal within the next 30 days. Christopher Falletti sells his CP for 98.5 in Battle Mountain, NV to Fred Weinberg and Floyd Brown’s Nevada Radio LLC for $11,100. The Class C2 signal will serve the area west of Elko. Vic Michael’s Mountain Community Translators purchases 106.7 K294CH Divide/Colorado Springs from Timothy Cutforth for $10,000. Michael’s Kona Coast...Read More
Alpha Media will pay Coast Radio Group $11,150,000 for their three stations. All three stations are being considered to be part of the San Francisco market, something to keep in mind for future expansion by Alpha. Original Report 1/20: Alpha Media has acquired Coast Radio Group’s three stations between San Francisco and Sacramento. The three stations all air Adult Contemporary formats with identical “Your Hometown Station” positioning. 92.1 KKDV Walnut Creek serves the Diablo Valley east of Oakland. 95.3 KUIC Vacaville covers the area stretching from the Napa Valley over to the western suburbs of Sacramento. 101.7 KKIQ Livermore serves the bulk of the East Bay south of Oakland. Alpha will assume control of the stations via LMA on February 1. Alpha Media of Portland, Orego...Read More
The Word Network has closed on its purchase of 910 WFDF and has flipped the station to Gospel/Preaching as “The Word Network Radio“. Original Report 11/18: Radio Disney has announced the sale of another one of their remaining stations. 910 WFDF Farmington Hills/Detroit will be transferred to Adell Broadcasting’s The Word Network for $3 million. Run by Kevin Adell, The Word Network operates an Urban Gospel based television network carried on TV subchannels and on cable. The company also owns independent WADL-TV 38. WFDF operates with 50kW daytime and 25kW nightime power.
Gore-Overgaard Broadcasting partner Cordell Overgaard is taking full control of Brokered Asian 900 KBIF Fresno as his Cordell Overgaard Trust pays $410,000 for the 45.5% of the station he doesn’t already own. Open Sky Radio Corp. purchases “Radio Free Nevada” 89.1 KXNV Sun Valley/Reno from Progressive Leadership Alliance of Nevada for $1. Jeffrey K. Haines sells AC “Fox 107.7” WFXX Georgiana, AL to Jeremy and Sarah Wolff’s Fox Broadcasting Corporation for $600,000. Impact Radio Group adds a pair of Boise area translator Construction Permits. Community Media Assistance Project sells 92.7 K224EP Horseshoe Bend, ID and Boise Community Radio Project sells 102.3 K272FL Eagle, ID. Both translator purchase prices are $85,000 and Impact indicates that “My ...Read More
Educational Media Foundation has acquired Bethesda Christian Broadcasting’s 89.3 WMSJ Freeport, ME and 99.9 W260AS Lawrence, MA for $925,000. The pair currently operate as Christian AC “Positive FM” with WMSJ serving the Portland, ME market and W260AS some of Boston’s northern suburbs. Following the closing of the acquisition the duo will be rolled into EMF’s “K-Love” Christian AC network. Bethesda Christian Broadcasting sold its two Sturgeon Bay, WI stations to EMF in 2013. The company still operates five stations in North Dakota.
Radio Disney continues its selloff with the divestiture of 1260 WWMK Cleveland to St. Peter The Rock Media for $895,000. St. Peter The Rock will flip WWMK to Catholic programming as “1260 The Rock“. There is some common ownership with “St. Gabriel Radio” 820 WVSG Columbus. Greg Guy of Patrick Communications served as media broker for the buyer. Bill Schutz of Schutz & Company represented the seller.
Station Sales Continental Broadcast Group is converting their LMA of Spanish CHR “Exitos 1590” WNTS Beech Grove/Indianapolis into a purchase for $950,000. Continental has operated WNTS via Time Brokerage Agreement from Davidson Media since October 2013. Continental owns Regional Mexican “Radio Latina 107.1” WEDJ Danville and Spanish Christian “Pescador 810” WSYW Indianapolis. Jimmy Johnson’s Brunswick County Broadcasting reacquires News/Talk 105.5 WVNC Lawrenceville, VA from Imperial Broadcasting Company for forgiveness of $179,100 in debt. The buyer has begun operating the station via TBA. Justin Dixon is acquiring an additional 2% of shares in 1250 KBTC and “Big Country 99.3 The Rooster” KUNQ Houston, MO from Amy Vermillion for $408. ...Read More
Colorado Public Radio has announced they have purchased Sports “ESPN 102.3” KDSP Greenwood Village/Denver, CO from Front Range Sports Network. Paying $5.75 million for the station, Colorado Public Radio will flip it on January 27 to a simulcast of its Adult Alternative “Open Air” 1340 KVOQ Denver. “Open Air” focuses on new music with an emphasis on local artists. It is one of three brands operated by CPR including a statewide Public News/Talk network based at 90.1 KCFR-FM Denver and a Classical network based at 88.1 KVOD-FM Lakewood. Public Media Company represented CPR in the transaction. The purchase of KDSP will be financed through the issuance of tax-exempt bonds, which is the same financing process CPR has followed for the past 15 years. Over time, ...Read More
Translator Sales River Vale Media Foundation is selling two New York City translator CP’s to Young Dae Kwon’s Sound of Long Island, Inc. The group will pay $5,000 each for 98.3 W252CS Brooklyn and 101.5 W268BY Queens. Both are currently licensed to rebroadcast 93.5 WVIP New Rochelle, NY. Radio Assist Ministry is transferring 69 translators to sister company Edgewater Broadcasting for no cost. Both groups are run by Clark Parrish. Longport Media is purchasing 92.5 W223CO Atlantic City, NJ from Susan Clinton for $26,000. W223CO will rebroadcast News/Talk 1400 WOND Pleasantville. Bustos Media purchases 93.7 K229AD Yakima, WA from Vincent Shiflet for $25,000. K229AD will begin rebroadcasting Regional Mexican 1020 KDYK Union Gap immediately via a $1 LMA Chalk Hill Communications acq...Read More
Update 1/2: WFNL-FM returned to the air on New Years Day as “Country Superstars 102.3“. Update 12/2: The sale of Classic Hits “Kix 102.9” WKIX-FM Raleigh and 98.7 W254AS Louisburg from McClatchey Broadcadcasting Company to Curtis Media and the accompanying divestiture of 102.3 WFNL-FM (Formerly WWPL) Smithfield to Richard Heilmann Sr.’s Triangle Marketing Associates have closed. Curtis states it intends to retain the current format on WKIX-FM. Meanwhile, WFNL-FM has dropped the Bluegrass format it has run as a placeholder since September. 102.3 is currently dark, while TMA moves the station into new studios. It is expected to relaunch within thirty days. When the sale was first announced in February we reported that Heilmann had registered Country1023FM.com fo...Read More
Alpha will pay $13.75 million for the nine Access.1 stations in Shreveport and Tyler. Original Report 12/22: Alpha Media has announced the acquisition of nine stations in two markets from Access.1 Communications. The deal will bring Alpha up to 83 stations as the company adds Access.1’s stations in Shreveport, LA and Tyler, TX to its holdings. The stations involved in the deal are: Shreveport: Classic Hits 95.7 KLKL Minden, Rock “98 Rocks” 98.1 KTAL-FM Texarkana TX, Urban AC 102.1 KDKS-FM Blanchard, Urban “103.7 The Beat” KBTT Haughton, and Gospel “The Light 980” KOKA Shreveport Tyler: Regional Mexican “La Invasora 96.7” KOYE Frankston, Classic Country “104.1 The Ranch” KKUS Tyler, Country 105.7 KYKX Longview, and Classic Hi...Read More