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Station Sales Week Of 4/8: Radio Cantico Nuevo Buys New York City Translator

Radio Cantico Nuevo 97.5 W248CG Jersey City New YorkCantico Nuevo Ministry, the operators of the Spanish Christian “Radio Cantico Neuvo” is paying big money to increase its FM coverage in New York City. Cantico Nuevo will pay Ted Schoeber’s City Commons LLC NJ Series A, $1.6 million for 97.5 W248CG Jersey City NJ where it will rebroadcast an HD subchannel of Pillar of Fire’s 99.1 WAWZ Zarepath NJ with 110w/162m giving it coverage of Lower and the West Side of Manhattan, parts of Brooklyn and Newark NJ. W248CG will join Cantico’s network that includes 740 WNYH Huntington NY, 1530 WJDM Elizabeth NJ, 103.9 WPDI Hazlet NJ and 106.3 W292DV New York.

Station Sales

Stephens Media Group’s announced acquisition of LKCM Radio’s four Ardmore OK stations has a price as the company will pay $2,462,500 for Rock “92.7 The X” KTRX, Country 95.7 KKAJ, Classic Hits “GTO 107” 107.1 KYNZ and Sports 1240 KVSO.

Monte Spearman’s High Plains Radio Network is expanding into a third market with the purchase of Altus FM’s three stations in Hollis OK for $600,000. High Plains will add Oldies “Cruisin’ 92.5” KKRE Hollis, Classic Rock “102.7 The Big Dog” KJOK Altus, Country “B108” KEYB Hollis to their eight stations in Mountain Home AR and Plainview TX.

Kevin Beam’s South Central Oklahoma Broadcasting & Advertising sells Country 105.1 KBLP Lindsay OK to Jason Wollenberg and Kevin Scruggs’ KBLP Partners for $170,000.

Colonial Radio Group adds a second station in the Myrtle Beach SC market as it purchases Silent 900 WNMB North Myrtle Beach from Beatty Broadcasting for $1000. Beatty paid $25,000 to acquire the station in July 2015 but lost their tower site late last year as it is being redeveloped. Colonial is in the process of purchasing Gospel “Rejoice 1200” WMIR Atlantic Beach.

Christmas Brick Foundation is acquiring 88.3 KMUR Bullhead City AZ from Murphy Communications Institute for $500,000. Murphy also operates a 7 station commercial cluster in the Kingman-Lake Havasu City AZ/Laughlin NV market.

M&J Radio Inc. is buying Classic Country “93.5 The Goose” KORV Lakeview OR from Lake County Radio LLC for $84,000.

Translator Sales

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Lance Venta is the Owner and Publisher of RadioInsight.com and a consultant for RadioBB Networks specializing in integration of radio and the internet. Lance has two decades of experience tracking the audio industry and its use of digital platforms.

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