Station Sales

Saga Acquires University Of Virginia’s 92.7 WUVA Charlottesville

Saga Communications is acquiring WUVA Inc.’s Country “92.7 Nash Icon” WUVA Charlottesville VA for an undisclosed amount. WUVA Inc. is a 501(c)3 non-profit owned and operated by University of Virginia students and alumni to train students in commercial radio operation. The funds from the sale of the station will go to fund its digital and video journalism platform as it evolves with modern communications. Saga will not retain the WUVA call letters. The station will become Saga’s sixth in the Charlottesville market. After operating a Charlottesville radio station for 70 years, including 37 years as a commercial FM station, today the University of Virginia student-owned media organization, WUVA, Inc., announced that it has agreed to sell its radio station ...Read More

Station Sales Week Of 1/13

Station Sales Public Broadcasting of Colorado purchases Regional Mexican 1490 KXRE/102.1 K271CK Manitou Springs/Colorado Springs CO from Latino Communications for $550,000. KXRE will simulcast the Public News/Talk programming of 90.1 KCFR Denver. Apex Broadcasting sells Gospel “Heaven 1390” WSPO Charleston SC and their translator CP 100.1 W261DG to John Cardillo’s Chatter Media for $375,000. Cardillo hosts a syndicated Conservative Talk show and mornings on Salem Media’s “880 The Biz” Sweetwater/Miami FL. Last Chance Public Radio Association donates their CP for 88.5 in Helena MT to Montana State University – Billings’ Yellowstone Public Radio. The new CP will rebroadcast the Public News/Talk/Classical programming originating at 91.7 KEMC Billings,...Read More

Detroit Public Schools Sells 90.9 WRCJ

The Detroit Public School system has sold Classical/Jazz 90.9 WRCJ-FM Detroit to Detroit Classical and Jazz Educational Radio LLC for $6 million. The deal is structured to enable the station to continue to be operated by Detroit Public Television. Detroit Classical and Jazz Educational Radio LLC is fully owned by the Stanley and Judith Frankel Family Foundation, who will enter into a Public Service Operating Agreement to allow Detroit Public Television to operate the station for ten years. Detroit Public Television has been managing WRCJ-FM on behalf of Detroit Public Schools. The state of Michigan legislature had voted in July 2016 to dissolve Detroit Public Schools and replace it with a new entity. The sale of WRCJ will go towards paying back debt owed by the school district. Detroit Pub...Read More

Station Sales Week Of 1/6

Station Sales West Virginia Radio Corporation and family connected AJG Corporation have made a series of connected deals. AJG will sell Country 97.9 WKKW Fairmont/Morgantown WV to WVRC for $5.6 million. West Viriginia Radio Corporation has managed the sales for WKKW under a Joint Sales Agreement since 2000. WVRC will then sell Oldies 1460 WBUC Buckhannon and News/Talk “95.7 3WS” WSWW-FM Craigsville WV to AJG for $18,000 and $72,000 respectively. AJG Corporation is owned by the Descendants Trusts of John & David Raese. John Raese is the Chairman and 33% stakeholder of West Virginia Radio Corp. Colt Communications LLC sells Brokered Ethnic

Rhode Island Public Radio Acquires WUMD

Rhode Island Public Radio has announced the acquisition of Student-run 89.3 WUMD North Dartmouth MA from University of Massachusetts-Dartmouth for $1.5 million and $60,000 worth of underwriting over ten years. RIPR intends to move WUMD to Tiverton RI where it will cover the eastern third of the state and the New Bedford/Fall River MA market. The network is currently heard on their owned 102.7 WRNI-FM Narragansett Pier as well as The Wheeler School’s 88.1 WELH Providence and Coventry Public School’s 91.5 WCVY Coventry RI. RIRP states that UMass-Dartmouth will continue to operate WUMD as a webcaster.

Station Sales Week Of 12/30

Station Sales Nedved Media is acquiring Riverfront Broadcasting’s three stations in Mitchell SD for $3.35 million. The local group held by Nancy and Steve Medved will acquire News/Talk 1490 KORN, Country “92.1 Korn Country” KORN-FM, and Hot AC “Q107” 107.3 KQRN Mitchell. The Nedveds will begin operating the cluster via LMA on January 1. Larry & Pamela Nelson are transferring controlling interest in their seven Illinois stations to their children Douglas Nelson and Jennifer Beckman in exchange for control of WSPY TV Inc., the licensee of 96.9 W245CE Morris IL. Douglas Nelson and Jennifer Beckman will gain control of Dekalb County Broadcasters’ Oldies 1180 WSCR Sycamore and News/Talk 1360 WLBK Dekalb, Grundy County Broadcasters’ AC 95.7 WJDK-FM ...Read More

Station Sales Week Of 12/23

Translator Sales David Magnum is selling 92.3 W222AU Beloit WI to Scott Thompson’s Big Radio for $50,000 in order to settle petitions To deny and a lawsuit. The suits stemmed from an agreement entered between Big Radio and Sister Grace Inc. to acquire the CP for 95.7 W239CD Beloit prior to Sister Grace (which Magnum holds 49% interest in) filing to sell the translator CP to Magnum for $3000. As part of the settlement the petitions and lawsuits will be dropped and Thompson will not block Magnum’s CP to move 95.9 WBKY Portage WI to Stoughton where it will rimshot the Madison market. Following the sale, W222AU will rebroadcast News/Talk “The Big 1380” WBEL South Beloit IL. Edgewater Broadcasting is selling four translators to Elohim Group Corporation for $80,000. Elohi...Read More

Four Stations Relocate In Hot Springs As Three Are Resold

With the closing of the Central Arkansas Radio Group and US Stations swap in Hot Springs AR, four stations have moved to new homes. US Stations moves Classic Country “104.5 The Bull” KLBL Pearcy to its newly acquired 101.5 Malvern. Classic Rock “101.9 The Rocket” KLXQ Mountain Pine, which had been simulcasting on 96.7 KHTO Hot Springs since August, remains exclusively on that signal. The KLBL and KLXQ call letters moved along to their new frequencies. On the Central Arkansas Radio Group side, both 101.9 KHRK-FM and 104.5 KHTO-FM are now simulcasting the Classic Hits format that previously aired on 101.5 KHRK (now KLBL). That will be temporary as those stations and Rock “Real Rock 93.5” KYRC Bismarck AR will be transferred to Houston Christian Broadcaster...Read More

Station Sales Week Of 12/16

Station Sales Bicoastal Media acquires Classic Hits 99.3 KCMD Grants Pass OR from Three Rivers Broadcasting for $225,000. Bicoastal began operating the station as part of its Medford cluster on Thursday, December 15 via LMA. Mercyhurst University is selling Oldies 1530 WMCE North East PA to Inspiration Time, Inc. for $30,000. The deal is contingent on approval of upcoming applications to move Christian AC 106.3 WCTL Union City closer to Erie, and WMCE to Union City. Educational Media Foundation acquires Silent 96.1 WOHA Ashtabula OH from Madison Media Partners for $100,000. WOHA will join EMF’s Christian AC “K-Love” network. Lakeland Seventh-Day Adventist Church is donating 88.7 WQMN Minocqua WI to Radio 74 Internationale. Radio 74 has filed for a main studio waiver to op...Read More

Connoisseur Sells Wichita Duo

Connoisseur Media is selling Variety Hits “97.1 Bob-FM” KIBB Haven and Classic Country “100.5 Hank-FM” KVWF Augusta in the Wichita KS market to Rocking M Media. The purchase price was withheld from the sale contract filed with the FCC. Rocking M owns twenty stations across the state of Kansas and is in the process of acquiring five (and divesting one) in Salina KS from Alpha Media. Following the divestiture, Connoisseur will retain 37 stations in Connecticut, Montana, New Jersey, New York, and Pennsylvania.

Station Sales Week Of 12/9

Robert Bartis is purchasing News/Talk 1590 WSMN Nashua NH from Thomas Monahan’s Absolute Broadcasting for $200,000. Bartis, who owns a law office in Merrimack NH, is a regular guest on WSMN and soon-to-be former sister “ESPN New Hampshire” 900 WGHM Nashua/1250 WGAM Manchester. Translator Sales

Alpha Sells Richmond Pair To EMF

Alpha Media is cutting its Richmond VA cluster in half with the sale of Country “98.9/100.3 The Wolf” 98.9 WLFV Midlothian/100.3 WARV-FM Petersburg to Educational Media Foundation for $2 million. The deal will take WLFV/WARV-FM out of competition with SummitMedia’s “K95” 95.3 WKHK leaving them as the only Country station in the market. WKHK held a 6.3 share in the Summer 2016 Nielsen Audio ratings to The Wolf’s 1.5. EMF’s applications requests a main studio waiver rebroadcasting “K-Love” flagship KLVR Middletown CA. EMF currently owns “K-Love” simulcast 89.7 WLRJ Charles City and 90.1 WKYV Colonial Heights, which will likely shift to the Christian CHR “Air 1” network. EMF also has a pending acquisition of 100.5 W...Read More

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