Entercom and CBS Radio have filed with the FCC to create the Entercom Divestiture Trust to handle the divestiture of the stations in seven markets that it is required to spin-off. While Entercom will only be required to divest fourteen stations to get under the current FCC market caps, it is seeking permission to assign the licenses of 43 different stations into the trust. This will give Entercom flexibility to choose which stations it will seek to keep and which ones it will spin-off. Among the stations being filed for placement into the divestiture trust are all of CBS Radio and Entercom’s stations in the Boston, Sacramento, San Francisco, and Seattle markets. Entercom will be required to spin-off 2 FMs in Boston, 1 FM in Los Angeles, 3 FMs in Sacramento, 1 FM in San Diego, 4 FMs i...Read More
Station Sales Q Broadcasting is adding a second station in Tampa with the purchase of Silent 1110 WTIS Tampa and 101.1 W266CW St. Petersburg from WTIS-AM Inc. in a pair of transactions. In the first WTIS-AM Inc. will donate the assets of 1110 WTIS at no cost. In the second Q will pay $175,000 for W266CW. Q Broadcasting already owns Regional Mexican “La Ley 1550” WAMA Tampa and stations in Orlando and West Palm Beach. Larry Steckline’s LS Media is selling their controlling 85% stake in Country “US 107.9” KWLS Winfield/Wichita KS to 15% owner Giddyup Radio for $2.55 million. Bi-Media Licensee sells Spanish Christian 840 KVJY Pharr/McAllen TX to Roberto & Ruben Villarreal’s DAIJ Media for $910,000. The previously announced acquisition by Twin Islands M...Read More
Culver Communications is selling Standards “Timeless WECK” 1230 WECK/102.9 W275BB Cheektowaga/Buffalo NY to William Ostrander’s Radio One Buffalo Inc. for $655,000. The buyer has spent the previous 16 years working in sales for Entercom Buffalo and as host of “Buffalo Means Business” on 930 WBEN under then name Buddy Shula. He previously worked on-air at multiple stations in Buffalo and Rochester. Lisa Stiglets and Elizabeth McQueen’s JLE, Inc. is acquiring Country “C96.7” KCIL Gray and Regional Mexican 1490 KJIN Houma LA from My Home Team Media for $725,000 and will begin operating the stations via LMA on March 15. Stiglets is currently the General Manager of Coast Radio Group in Biloxi owner by her parents John Morgan Dowdy and Alice Dowdy ...Read More
Bonneville has sold 860 KMVP Phoenix to Cesar Chavez Foundation’s Farmworker Educational Radio Network, Inc. for $800,000. The foundation currently owns shared-time 88.3 KNAI Phoenix, which operates from 5:00am to 7:30pm daily as part of its Regional Mexican “La Campesina” network. The acquisition of KMVP follows a consent decree with the FCC last year to swap its Visalia CA market station for a commercial frequency for airing commercials on a non-commercial license. This sale now gives the group a commercial allocation in Phoenix. Is a sale of its part of 88.3 or swap for a translator the next play to make the group legal in Phoenix? 860 KMVP had been airing a brokered Gospel format in recent years. A new LMA with the buyer will start in April. This is to announce that a...Read More
Walker Broadcasting & Communications sells Classic Country “Raider Country 98.7” 1420 KJDL/98.7 K254CI Lubbock TX to Flores Communications for $275,000. Educational Media Foundation is acquiring 98.5 KNBQ Central Park/Olympia WA from JOSH Broadcasting for $1 million. KNBQ began airing EMF’s “K-Love” programming earlier this year. EMF is also acquiring Classic Hits “Qixie 103.9” WQXZ Hawkinsville GA from Georgia Eagle Media for $150,000. Monte Spearman’s High Plains Radio Network was busy this week as it made three acquisitions in Arkansas. The first purchase was in Little Rock as HPRN filed to purchase NC Communications’ Urban AC “Hot 105.5” 1380 KDXE North Little Rock/105.5 K288EZ Little Rock for $300,000. The second d...Read More
Red Rock Radio continues the sell-off of its assets with the sale of Rock “94X” 104.3 KZIO Two Harbors MN and 94.1 K231BI Duluth MN to Minnesota Public Radio for $300,000. Red Rock Radio has been selling off its radio properties over the past year including the divestiture of Classic Rock “KQ 95” 94.9 KQDS-FM Duluth to Midwest Communications. Following this sale it still retains Sports “92.1 The Fan” WWAX Hermantown and “NBC Sports Radio 1490” KQDS Duluth in addition to “Fox 21” KQDS-TV. Minnesota Public Radio intends to convert the station to non-commercial status. It already operates its Public News/Talk network on 92.9 WSCD-FM Duluth, Classical on 100.5 WSCN Cloquet, and AAA “The Current” on 90.9 W215CG Duluth/WSCN-...Read More
Newly formed Twin Islands Media Group has announced it will acquire Variety Hits 96.5 WCTG from Sebago Broadcasting and Country “Wow 101.5” WOWZ Chincoteague VA from Jackman Holdings. The company will begin to operate both stations and Signal Above LLC’s 87.7 WDCO-LP Salisbury MD (which currently simulcasts WOWZ) on April 1. WCTG and WOWZ are both currently operated via LMA by GSB Broadcasting. Not included in the sale is GSB’s 92.5 WICO-FM Pocomoke City MD, which currently simulcasts WCTG. The partners in Twin Islands Media Group include veteran programmer and Washington DC area on-air talent Chris Roth, engineer Joshua Bohn who is also principle owner of Bohn Broadcast Services, and Dana Ryan who most recently co-hosted mornings at iHeartMedia AC “Magic 96.5...Read More
Station Sales Impact Radio Group will swap Sports “ESPN Boise” 730 KNFL Boise ID, 92.7 K224EP Boise, and the CP for 106.7 K294DC Boise to Kevin Terry’s Radio Rancho LLC. for 99.1 K256CZ Boise and $35,000. Radio Rancho owns two other FM’s in the Boise market, while Impact will own 1 AM, 4 FMS, and 3 translators in the market upon closing of this deal. The current formats will not be involved in the deal. Radio Rancho is also selling 95.7 KMGR Gunnison UT to Sanpete County Broadcasting for $50,000. The seller has a pending deal to acquire KMGR from Broadway Media’s SLC Divestiture Trust in exchange for two translators. Laurel Media is purchasing Oldies “92 Gold” 92.3 WRRN Warren, Country “Kinzua Country 104.3” WKNB Clarendon, and News/Tal...Read More
Station Sales Rothschild Broadcasting is selling Country “Cat Country 97.5” WKTT Salisbury MD to Joseph Morris and Ron Banks’ RoJo Broadcasting for $305,000. The buyers will begin operating WKTT via Time Brokerage Agreement on March 1. Banks recently served as MD/Nights at Urban “Power 101.7” WZEB Ocean View DE. Rothschild had purchased WKTT and News/Talk 1320 WICO Salisbury from Delmarva Broadcasting in November 2015 for $300,000. The Guel Family Trust’s Mekaddesh Group Corporation purchases Regional Mexican “La Mejor 98.7” KZAM Pleasant Valley/Wichita Falls TX from South Texas FM Investments for $122,000. Radio Dalhart donates Country 93.1 KHJQ Concan TX to Houston Christian Broadcasters. Real Presence Radio acquires 89.5 KBPG Montevideo MN...Read More
Nearly a year after stating they plan to explore selling AAA 89.7 WNKU Highland Heights KY/Cincinnati and its two simulcasters, Northern Kentucky University has announced it has agreed to sell two of the signals to religious operators. 89.7 WNKU will be sold to Bible Broadcasting Network for $1.9 million. Simulcast 104.1 WNKE New Boston OH, which serves the Huntington WV/Ashland KY/Portsmouth OH market will go to Educational Media Foundation for $700,000 plus 75% of the proceeds from EMF divesting 94.9 WEKV South Webster OH. The university has yet to accept an offer for its third station, 105.9 WNKN Middletown OH, which serves the northern half of the Cincinnati market and Dayton. WCPO-TV reports that WNKU has been running a $1 million plus deficit in recent years. Northern Kentucky Univer...Read More
Alpha Media is converting its LMA of two West Palm Beach market AMs into an outright purchase. Alpha will acquires Sports 640 WMEN Royal Palm Beach and News/Talk 850 WFTL West Palm Beach from Mark Jorgensen’s ACM JCE IV B LLC for $2 million. Jorgensen purchased the stations out of former owner James Crystal Enterprises’ bankruptcy restructuring in 2013 and has LMA’d the cluster to Alpha and previous cluster owner Palm Beach Broadcasting since August 2015. WFTL and WMEN join an Alpha Media cluster that includes Hot AC 97.9 WRMF, Urban AC “X102.3” WMBX, Country 103.1 WIRK, AC “Sunny 107.9” WEAT and Urban “Beatz 96.3” W242CI/WMBX-HD2.
Cumulus Media is taking Alternative “96.9 The Fox” WWWX Oshkosh/Appleton WI out of the Current Radio trust. Cumulus placed WWWX in a trust in 2009 following its deal to divest its Appleton/Green Bay stations to Clear Channel and LMA them back. Cumulus would reacquire the stations in 2013. It is now seeking to reassume control of WWWX thanks to the 2013 relicensing of sister 103.1 WOGB from Kaukauna to Reedsville which moved it from the Appleton market to the Green Bay market. WWWX will become Cumulus’ fourth FM in the Appleton market keeping it under the ownership limits. WWWX was the final station still held in trust from Cumulus’ deals in 2009 and 2011.