Station Sales

Townsquare Media Acquires Six In Massachusetts

Townsquare Media will pay $3,535,000 for Gamma Broadcasting LLC and Berkshire Broadcasting’s stations in the Pittsfield MA market. Gamma will also first pay $20,000 to Northeast Airchecks LLC for 94.1 W231AK Great Barrington and then transfer that to Townsquare as part of their deal. Original Report 7/7: Townsquare Media has agreed to purchase Gamma Broadcasting LLC and Berkshire Broadcasting’s six stations and two translators in the Pittsfield MA market for an undisclosed amount. The sale will include Hot AC “Live 95.9” WBEC-FM Pittsfield, Classic Hits “Whoopee 100.1” WUPE-FM North Adams/1110 WUPE Pittsfield/103.3 W277CJ Pittsfield/94.1 W231AK Great Barrington, Full Service AC 860 WSBS Great Barrington, AC 1230 WNAW North Adams, and News/Talk 1420 WBEC ...Read More

Adams Radio Expands To Tallahassee

Adams Radio will pay $6,197,000 for Red Hills Broadcasting’s four Tallahassee stations. Hank Kestenbaum, President of Red Hills, will join Adams as General Manager of the cluster, a role he held prior to purchasing the stations from Opus Broadcasting in 2014. Original Report 7/10: Adams Radio has announced the acquisition of Red Hills Broadcasting’s four stations in Tallahassee FL. The stations involved in the deal are Variety Hits “99.9 Hank-FM” WANK Lafayette, Country “103.1 The Wolf” WWOF Tallahassee, CHR “Hot 104.9” WHTF Havana, and AAA/Classic Rock “106.1 The Sound” WQTL Tallahassee. No terms have been announced. Red Hills Broadcasting has agreed to sell its radio cluster in Tallahassee, Florida to Adams Radio of Tallahassee,...Read More

Station Sales Week Of 7/14

Translator Sales Windy City Broadcasting sells 96.7 K244EX Las Vegas NV to Cesar Chavez Foundation’s Farmworker Educational Radio Network for $400,000. While K244EX will rebroadcast iHeartMedia’s 95.5 KWNR-HD3 Las Vegas, both will allow they buyer’s rimshot Regional Mexican “96.7 La Campesina” KYLI Bunkerville to expand its coverage in the market. Farmworker Educational Radio Network is also purchasing Silent 101.9 K270BZ Phoenix AZ from Riviera Broadcasting in a deal not yet filed with the FCC according to broker Kalil & Co. K270BZ will rebroadcast recently acquired 860 KNAI Phoenix to allow the group to move to a full-time commercial signal from their shared time non-commercial 88.3 KNAI-FM Phoenix. Station Sales Catholic Radio of the High Plains is add...Read More

Station Sales Week Of 7/7

Norsan Communications is expanding to Charleston SC with the purchase of Spanish CHR “El Sol” 980 WAZS Summerville/103.9 W280EX North Charleston and 1480 WZJY Mount Pleasant/95.7 W239AL Fernandina Beach FL and two low-power TV stations in the market from Thomas Daniels’ Jabar Communications for $850,000. Norsan owns stations in Charlotte NC, Columbia SC, and Jacksonville FL. In a deal not yet filed with the FCC, Capps Broadcast Group is selling its six stations in Pendleton OR and Walla Walla WA to Randy McKone’s Elkhorn Media Group for an undisclosed amount. The stations involved in the deal are: Classic Hits “92.1 Party-FM” KUMA-FM Pilot Rock, Country “103.5 K-Wheat” KWHT Pendleton, CHR “Hot 107.7” KWVN Pendleton, Sports “...Read More

Station Sales Week Of 6/30

Akal Broadcasting will purchase Brokered Indian “Desi 1250” KKDZ Seattle from Universal Media Access for $500,000. The purchase will become Akal’s second Seattle market station along with “Radio Punjab” 1560 KZIZ Pacific/Tacoma. Universal Media Access had purchased KKDZ from Disney in 2015 for the same $500,000 price. Adams Radio has sold Oldies 1500 WAKE Valparaiso IN to Marion Williams for $26,000. Williams owns Rhythmic CHR “Smokin 99.1” Buchanan MI/South Bend IN and Urban Talk 1370 WLTH Gary IN as well as stations in Georgia and Mississippi. White Communications purchases Oldies 1390 KNCK/98.3 K252EY and Hot AC 94.9 KNCK-FM Concordia KS from KNCK Inc. for $600,000. White owns 990 KRSL and 95.9 KRSL-FM in Russell KS. Translator Sales After their...Read More

More American General Media/Univision Albuquerque Sale Details

And the final piece of the puzzle has been revealed. BB Broadcasting will pay $750,000 for CHR “Z106.3” KDLW Los Lunas from American General Media. BB is led by Thomas Bozzuto who operates a Maryland based Real Estate Management company. BB will enter into a pair of agreements to operate the station. American General Media will provide back office services for the station and agree to a $66,000 deal over five years to utilize their equipment at the tower site. BB has also agreed to a Time Brokerage Agreement for Vanguard Media, who is purchasing 101.3 KJFA-FM, to provide programming and marketing services. Update 6/26: The first round of filings for the deal have been made with the FCC giving more details about its structure. American General Media will pay $5 million for Univi...Read More

Station Sales Week Of 6/23: Sinclair Purchases KOMO-FM

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 Exits Station Ownership

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

Station Sales Week Of 6/16

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

Univision Sells Phoenix Rimshot To EMF

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 Week Of 6/9

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

Station Sales Week Of 5/26

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

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