Radio Training Network is purchasing Classic Hits 93.5 WPHH Hope Hull/Montgomery AL from Brantley Broadcast Associates for $450,000 where it will join its Christian AC “The Joy FM” network. WPHH was moved into Montgomery from 93.7 Dothan AL in 2016. Radio Training Network also acquires Christian AC “Spirit-FM” 89.5 KCKJ Sarcoxie MO from Lake Area Educational Broadcasting Foundation for $135,000. RTN owns Christian AC “88.3 The Wind” KWND and Southern Gospel 89.1 KWFC in the adjacent Springfield market. In addition to its purchase of 102.7 WWAC Ocean City NJ, Educational Media Foundation is purchasing 107.3 WMCD Claxton/Statesboro GA from Radio Statesboro for $150,000. Faron Sparkman’s Leslie County Broadcasting sells CHR 97.9 WKIC Hyden/Hazard KY t...[Read More]
Longport Media has sold CHR “AC 102.7” WWAC Ocean City/Atlantic City NJ to Educational Media Foundation for $570,000. As with all of its acquisitions, EMF plans to convert the station to non-commercial status as it will likely bring the Christian AC “K-Love” format to the station upon closing of the deal. Longport Media VP/Broadcast Operations Paul Kelly told the Press of Atlantic City, “This transaction puts us in an even stronger financial position to deliver compelling content for our listeners and tangible results for our advertisers across all of our stations and platforms.” Longport Media will retain Classic Hits “Kool 98.3” WTKU Petersburg/1490 WBSS Pleasantville, Rock 103.7 WMGM Atlantic City, and News/Talk 1400 WOND Pleasantville following...[Read More]
Sinclair Communications, the operator of radio clusters in Norfolk VA and Santa Rosa CA as well as 49.9% owner of the Emmis run cluster in Austin TX, is purchasing 97.1 K246BD Sunset Valley/Austin TX for $903,000. Currently owned by Greg Shapiro’s GHS Inc., the translator is currently operated as brokered Regional Mexican “Fiesta 97.1” fed via 104.9 KTXX-HD2 Bee Cave. Sinclair intends to have the 99w/334m K246BD rebroadcast an HD subchannel of 93.3 KGSR Cedar Park. While the remainder of the cluster will currently remain 50.1% owned by Emmis and 49.9% by Sinclair, K246BD will join a cluster that includes AAA 93.3 KGSR Cedar Park, Classic Rock 93.7 KLBJ-FM Austin, Alternative “101X” 101.5 KROX-FM Buda, Spanish CHR “Latino 102.7” K274AX Austin/KLZT-H...[Read More]
After selling 830 WUMY/105.5 W288BJ Memphis TN to GMF-Christian Media for $706,823 in May, Memphis First Ventures sells the remainder of Classic Hits “Guess-FM” to Butron Media Corporation. Butron will pay $799,000 for 1180 WGUE Turrell AR/99.3 W257CY Memphis/101.5 K268DA Memphis. While the company owns no other stations, it is in the process of acquiring Nuevo Radio Ambiente from Maria del Carmen Reyes for $250,000. That company operates Flinn Broadcasting’s 1030 WGSF Memphis under a Time Brokerage Agreement as Regional Mexican “Ambiente 1030“. The last translator carrying Guess-FM programming, Edgewater Broadcasting’s 100.1 W261CS Southaven MS hold a CP to change tower sites and rebroadcast EMF’s 94.9 WKVF Bartlett.
Mid-West Family Broadcasting’s Mid-Way Radio Inc. has announced it has purchased AC “B95” 94.9 WDKB DeKalb IL from DeKalb County Radio for $650,000. WDKB will join a five station Mid-West Family Broadcasting cluster in the adjacent Rockford market which includes Country “95.3 The Bull” WRTB Winnebago, AC “B103” 103.1 WGFB Rockton, Active Rock “104.9 The X” WXRX Belvidere, Classic Hits “100FM” 100.5 W263BJ Loves Park/WXRK-HD2, Sports “Sportsfan 1330” WNTA Rockford. Mid-Way Radio, Inc., an Illinois corporation has agreed to purchase WDKB (FM) licensed to DeKalb, IL from DeKalb County Radio, Limited, an Illinois corporation.* The purchase price is $610,000.00. Bob Heymann of the Chicago office of Media Services Grou...[Read More]
Buckaroo Broadcasting sells Oldies “Pure Gold 92.1” 1400 KWNA/92.1 K221AG and Country “92.7 Buckaroo Country” KWNA-FM Winnemucca NV to Jeffrey and Dana Kierce’s JDK Broadcasting for $130,000 with a Time Brokerage Agreement that took effect on May 22. Houston Christian Broadcasters acquires 1340 KCRN/94.3 K232FG and 93.9 KCRN-FM San Angelo TX from First Dallas Media for $205,000. Upon completion of the sale the two stations will shift from simulcasting Christian AC 90.9 KCBI-FM Dallas to Spanish Christian rebroadcasting 1400 KHCB League City/Houston and Christian Preaching simulcasting 105.7 KHCB-FM Houston respectively. In January 2017, Ken Santarelli’s Surge Media converted its LMA of 710 WEGG Rose Hill NC from Conner Media Corporation to a purchase for...[Read More]
The Moody Bible Institute sells 710 WFCM Smyrna/Nashville TN and 94.7 W234DM Smyrna to Iglesia Misionera Jesucristo Viene Pronto for $125,000. The buyer intends to operate the stations with a non-commercial Spanish Christian format. Moody’s Christian programming will remain on their 1200 WFCN/98.7 W254CK Nashville and 91.7 WFCM-FM Murfreesboro. Educational Media Foundation sells 100.5 WLRB Goochland VA to Truth Broadcasting Corporation for $150,000. Truth intends to convert WLRB back to commercial status. While Truth Broadcasting owners Stuart and Nancy Epperson hold no other assests in the Richmond VA market, their Delmarva Educational Association owns Conservative Talk 820 WNTW Chester/97.7 W249CI Bellwood and Chesapeake-Portsmouth Broadcasting owns Christian “The Truth Netwo...[Read More]
Immaculate Heart Media has announced the acquisition of Sports “1080 The Team” WHOO Kissimmee and Brokered Christian 1190 WAMT Pine Castle/Orlando FL from Genesis Communications for $1.515 million. Immaculate Heart operates the Catholic “Relevant Radio” network, which will debut on one of the stations upon closing of the sale. Genesis will continue to own stations in Tampa and Melbourne FL following the deal, which was brokered by Kalil & Co. This is to announce that a contract has been signed and an application is being filed with the FCC for the transfer of radio stations WAMT-AM and WHOO-AM, Orlando, Florida from Genesis Communications l, Inc. to Immaculate Heart Media Inc. The Seller, Genesis Communications I, Inc. is a Florida-based com...[Read More]
Ed Levine’s Galaxy Media is selling a 21% stake in the company to a group of minority investors for a combined total of between $2.1 and $2.7 million. Each investor will pay $300,000 for 30,000 shares of the company equal to a 3 percent stake. The investors include LM Communications owned Lynn Martin, Syracuse University men’s basketball coach Jim Boeheim, former Syracuse and NBA player Etan Thomas, sports memorabilia marketer Brandon Steiner, Joyce Hergenhan, and two investment groups. Tenn-Vol Corp will acquire Country trio 92.1 KHOS-FM Sonora, 93.5 KOOK Junction, and 94.3 KYXX Ozona TX from Forster Charitable Foundation for $50,000.
As part of a Chapter 727 of Florida Bankruptcy Laws (equivalent to federal Chapter 7), Choice Radio Keys Corporation is transferring Classic Hits trimulcast “Mix 93.7” WKEY-FM Key West, 94.3 WGMX Marathon, 96.9 WKEZ-FM Tavernier/Key Largo, and Silent 1300 WFFG Marathon to trustee Philip Von Kahle for divestment. Charlie Banta and Sandra Miller’s Universal Stations sells suburban Boston Spanish Christian 1230 WESX Nahant and Portuguese Christian 1300 WJDA Quincy MA to Luis Morales’ Real Media Group for $875,000 ($425K for WESX, $450K for WJDA). GMF-Christian Media purchases 830 WUMY/105.5 W288BJ Memphis TN from Memphis First Ventures for $706,823. The stations currently simulcast the seller’s Classic Hits “Guess-FM” 1180 WGUE Turrell AR/99.3 W257CY ...[Read More]
Update 5/24:University of Northwestern-St. Paul will pay Salem Media $3,150,000 for Christian AC “100.7 The Fish” KGBI-FM Omaha. Original Report 5/22: Salem Media has announced it has agreed to sell Christian AC “100.7 The Fish” KGBI-FM Omaha to University of Northwestern-St. Paul for an undisclosed price. The buyer will convert the station to non-commercial status and its own Christian AC network that includes stations throughout the midwest including 98.5 KTIS-FM Minneapolis, “Life 88.5” KJNW Kansas City and stations in Connecticut, Iowa, Minnesota, North Dakota, South Dakota, Wisconsin. Salem will retain Christian Preaching “660 The Word” KCRO/106.5 K293CJ and Conservative Talk “94.5 The Answer” 1420 KOTK/K233CO in the Omaha ma...[Read More]
In an SEC filing Urban One states it will pay $4.2 million for WTEM. The company also anticipates to generate approximately $1.7 million of pro-forma EBITDA from the station for the remainder of the fiscal year at a multiple of 2.5x. Original Report 5/21: Daniel Snyder’s Red Zebra Broadcasting is selling its last outlet as Urban One acquires Sports “980 The Team” WTEM Washington DC to Urban One for an undisclosed price. The companies have also agreed to a rights deal to keep the NFL’s Washington Redskins gameday programming on the station, as WTEM will no longer be under common ownership with the franchise. Like last year, the games will also be heard on Cumulus Conservative Talk 630 WMAL/105.9 WMAL-FM. This is the second deal in recent years between the two compani...[Read More]