Sinclair Broadcasting is exercising its option to purchase 97.7 KOMO-FM Oakville and 97.7 K249DX Redmond WA from South Sound Broadcasting for $6.75 million. Sinclair and predecessor Fisher Broadcasting have operated KOMO-FM since May 2009 via LMA as a simulcast of News 1000 KOMO Seattle. Hunt Broadcasting sells AAA “105.9 The Wave” KYSJ Coos Bay OR back to former owner Lighthouse Radio Group for $5,000 and the cancellation of all debts and financial obligations owed by Hunt to Lighthouse for the original purchase and studio and tower rental. Lighthouse, which also owns Christian “98.7 K-Light” KYTT Coos Bay, sold KYSJ to Hunt in 2015 for $135,000. John Hunt took KYSJ silent earlier this month due to his failing health. Educational Media Foundation is swapping 97.9 K...Read More
Pandora Media has sold Hot AC “Hits 102.7” KXMZ Box Elder/Rapid City SD to Haugo Broadcasting for $300,000. Haugo owns three other stations in the Rapid City market: Rock “95.1 KSKY” KSQY Deadwood, Country “Kick 104” 104.1 KIQK Rapid City, and Sports “ESPN Rapid City” 1340 KTOQ/105.7 K289AI Rapid City. Pandora had originally agreed to purchase KXMZ from Connoisseur Media in June 2013 for $600,000 and began operating the station via LMA in order to make the company able to pay lower royalties thanks to a loophole in rates paid by broadcast station owners as opposed to internet based operators. The sale was originally denied by the FCC on the grounds of then former foreign ownership rules following a Petition to Deny by ASCAP. Following appeals...Read More
Bustos Media is purchasing Casa Media Partners’ Regional Mexican “La Maquina 98.7” KMNA Mabton/Yakima, “La Vaquera” 101.7 KLES Prosser, and “Envisora 1310” KZXR Prosser WA for $800,000. Casa Media Partners is currently in Chapter 11 bankruptcy protection. An ownership restructuring is taking place at South Asian station operator XL Media as “Radio Punjab” 1560 KZIZ Pacific/Tacoma, 100.5 K263BJ Richland WA and 660 KGSV Oildale/102.5 K273CB Bakersfield CA are transferred to Akal Broadcasting for no consideration. Akal Broadcasting owns 620 KIGS Hanford, 1210 KRPU Rocklin/Sacramento, and 1310 KMKY KMKY Oakland with 30% of its stake held by the owners of XL Media. Charlie Banta and Sandra Miller’s Universal Stations are acquiring Brok...Read More
American General Media has announced the acquisition of Univision’s four stations in Albuquerque and the concurrent divestiture of four stations to fit under the ownership limits. AGM will acquire Rhythmic CHR “Kiss 97.3” KKSS Santa Fe, Regional Mexican “La Jefa 101.3” KJFA-FM Albuquerque, Classic Rock “102.5 The Coyote” KIOT Los Lunas, and Classic Hip-Hop “Yo 105.1” KKRG Santa Fe for an undisclosed amount. To comply with the FCC’s ownership limits four stations will be divested: Univision’s 101.3 KJFA will be spun to Vanguard Media, which owns Smooth Jazz “103.7 The Oasis” 1510 KOAZ/103.7 K279BP in the Albuquerque market. Classical 95.5 KHFM Santa Fe, which applied to convert to non-commercial status earlier thi...Read More
Univision has sold 106.5 KKMR Arizona City AZ to Educational Media Foundation for $500,000. KKMR currently simulcasts Spanish AC “106.3 Más Variedad” KOMR Sun City/Phoenix. Educational Media Foundation will flip the station to its Christian CHR “Air 1” network with a main studio waiver to relay 92.7 KYRA Thousand Oaks CA. The Air 1 network is also heard in the Phoenix market on 89.9 KZAI Superior, 96.5 K243BN Laveen, and 99.9 KESZ-HD3 Phoenix.
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.