Station Sales

Lotus Spins-Off KQTH And KTGV Tucson

Following its announced acquisition of Scripps’ Boise and Tucson clusters earlier this week, Lotus Communications has announced it has found buyers for its two necessary divestments in Tucson. Family Life Broadcasting will acquire Conservative Talk 104.1 KQTH Tucson. The station will become the group’s third station in the market alongside 830 KFLT and 88.5 KFLT-FM Tucson. Bustos Media will acquire Rhythmic Oldies “106.3 The Groove” KTGV Oracle. The company purchased Conservative Talk “1030 The Voice” KVOI Cortaro last month. Following the closing of these deals, Lotus will operate Regional Mexican “Caliente 92.1” KCMT, AC “94.9 Mix-FM” KMXZ, Classic Rock 96.1 KLPX, Alternative “Rock 102.1” KFMA and Spanish AC “La Buena 94.3...[Read More]

Station Sales Week of 8/10

After closing on its purchase of Oldies 88.5 WMCE-FM Erie PA, Lake Erie College of Osteopathic Medicine is acquiring Oldies “Hitland 106.9” 1220 WSRQ Sarasota and translators 95.9 W240DP Venice and 106.9 W295BH Sarasota FL from Jim Lampl’s Florida Talk Radio Inc. for $520,000. The University, which operates a second campus in Bradenton FL, will convert the station to non-commercial but retain the format. Two groups operating in the Scranton/Wilkes-Barre market have worked out a deal to transfer a station across the New York state line. Times-Shamrock sells 104.5 WQFM Hancock NY, which currently simulcasts Classic Rock “Rock 107” WEZX Scranton, to Bold Gold Media Group for a $73,821 tower rent credit over a ten year lease. The WQFM call letters, which hold hist...[Read More]

Lotus Acquires Scripps Stations In Boise & Tucson

EW Scripps continues its sell-off of its radio assets with a deal to sell its eight stations in Boise ID and Tucson AZ to Lotus Communications for $8 million. In Boise, Lotus will enter the market with AAA “94.9 The River” KRVB, Active Rock “100.3 The X” KQXR, Classic Rock “J105” 105.1 KJOT, and Classic Hits “107.1 K-Hits” KTHI. Lotus will acquire AC “94.9 Mix-FM” KMXZ, Conservative Talk 104.1 KQTH, Rhythmic Oldies “106.3 The Groove” KTGV, and Sports “ESPN Tucson” 1490 KFFN/104.9 K285DL in Tucson. However as the company already owns 1 AM and 3 FMs in the market, it will place KTTH and KTGV in a divestiture trust. The company currently owns Regional Mexican “Caliente 92.1” KCMT, Classic Rock 96.1...[Read More]

Bonneville Turns San Francisco and Sacramento LMAs Into Purchase

Bonneville International Corporation has announced it will pay $141 million for the eight stations in Sacramento and San Francisco it has been operating via LMA from Entercom’s divestiture trust since the closing of its merger with CBS Radio. The stations involved in the sale are AC “Mix 96” 96.1 KYMX, Hot AC “Now 100.5” KZZO, “New Country 105.1” KNCI, and “Sports 1140” KHTK in the Sacramento market AC 96.5 KOIT, Classic Rock “98.5 K-Fox” KUFX, CHR “99.7 Now” KMVQ and Urban AC 102.9 KBLX in the San Francisco market. Bonneville began operating the eight stations in November 2017 following the closing of the Entercom/CBS Radio merger. Entercom Communications Corp. a leading media and entertainment company and one o...[Read More]

Station Sales Week of 8/3

In a deal not yet filed with the FCC, Holiday Broadcasting has sold Country 95.3 KRJC and 98.9 K255CE Elko NV to Paul Gardner’s Elko Radio Company for $300,000. KRJC becomes the company’s fourth station in the market joining Variety Hits “93.7 Jack-FM” KLKO, AC 1240 KELK/95.9 K240AI, and Sports “Fox Sports 104.7” KEAU. Ralph Carson’s Holiday Broadcasting still holds two stations in Moab UT. George Kimble of Kozacko Media Services served as broker. The Power Foundation is acquiring Southern Gospel “The Life FM” 91.3 WWQI Morristown IN from Horizon Christian Fellowship of Indianapolis for $15,000. Translator Sales Cam Reynolds acquires 97.3 W247AT Huntsville AL from Julie Scalf for $50,000. W247AT Will rebroadcast Sports “1400 ESPN&...[Read More]

Good Karma Acquires WTMJ/WKTI Milwaukee From Scripps

Craig Karmazin’s Good Karma Brands has announced it will acquire News/Talk 620 WTMJ/103.3 W277CV and Country “94.5 KTI Country” WKTI Milwaukee from EW Scripps for $16 million. Good Karma owns “ESPN 540” WAUK Jackson/Milwaukee as well as ESPN and ESPN Deportes Radio affiliated stations in Cleveland, Madison, and West Palm Beach and two other stations in Beaver Dam WI. The addition of WTMJ adds flagship status for all three of Wisconsin’s professional sports teams to the Good Karma roster as they serve in that role for the Milwaukee Brewers and Bucks as well as the Green Bay Packers. Scripps sold its Tulsa cluster to Griffin Communications in June and still intends to find buyers for is clusters in Boise, Knoxville, Omaha, Springfield MO, Tucson, and Wichi...[Read More]

Station Sales Week of 7/27

Alpha Media has sold Farm 1260 KDKD Clinton, Country 95.3 KDKD-FM Clinton, and Classic Rock “104.9 The Eagle” KXEA Lowry City MO to Radford Media Group for $250,000. Midlands Media Group will purchase Variety Hits “Z93 The Lake” 93.1 WZMJ Batesburg SC from Lake Murray Communications for $450,000. The buyer currently owns Country “94.3 The Dude” WWNQ Forest Acres in the Columbia market. Radio Statesboro sells AC 102.9 WPMX Stateboro GA to The Power Foundation for $150,000. Hancock County Broadcasting acquires Christian AC “Positive 93.1” 1510 WYEC/93.1 W226CH Macomb IL from Virden Broadcasting for $75,000. An LMA will take effect on August 1. Keith Reising’s Jennings County Promotions Partners will acquires 1480 WJCP and 97.7 W249DG Nort...[Read More]

Walnut Radio Acquires Omaha AM Pair From Salem

Walnut Radio has purchased Christian Preaching “660 The Word” KCRO/106.5 K293CJ and Conservative Talk “94.5 The Answer” 1420 KOTK/94.5 K233CO Omaha NE from Salem Media. The stations will be purchased by Walnut Radio affiliate Hickory Radio with Salem licensing the Word and Answer brands to the company. The stations will join Walnut’s Oldies “Boomer Radio” 1490 KOMJ/104.1 K281CJ Omaha in Walnut’s local cluster. -Salem Media Group (NASDAQ: SALM) announced today it has signed an agreement to sell KCRO-AM (660), KOTK-AM (1420), and affiliated translators to Hickory Radio. Hickory is an affiliate of Walnut Radio, who will manage the radio stations on behalf of Hickory. For listeners, programmers and advertisers, the transition from Salem to Walnut...[Read More]

Good News Broadcasting Sells Tucson Trio To Three Buyers

In addition to the previously announced sale of 940 KGMS Tucson to Robert Wilkins’ Tucson Christian Radio, Good News Broadcasting is selling two other Tucson market stations. Tucson Christian Radio will pay $350,000 for KGMS. Meanwhile Conservative Talk “1030 The Voice” KVOI Cortaro will go to Bustos Media for $500,000 and 88.1 KLTU Mammoth goes to Educational Media Foundation for $100,000. KLTU is already carrying EMF’s “K-Love” Christian AC programming. Good News Broadcasting also owns Standards 690 KCEE Tucson. Original Report 7/20: Robert Wilkins’ Tucson Christian Radio has announced it will acquire Christian Preaching 940 KGMS Tucson AZ from Good News Communications for an undisclosed amount. Wilkins operates Wilkins Radio Network that owns 22...[Read More]

Station Sales Week Of 7/20

Radio Sharon transfers its option to acquire 1220 WSTL and 93.7 W229AN Providence RI to Diaz Holdings. New England Christian Media will sell the stations to to Diaz for $240,000. WSTL is the originating station for Radio Sharon’s Spanish CHR “Mega 94.9” W235CN Providence. After applying earlier this month to donate Silent 1450 WBVA Bayside and 1550 WVAB Virginia Beach VA to the Multicultural Media, Telecom, and Internet Council’s MMTC Broadcasting, Birach Broadcasting will instead donate the two stations to Dr. Katrina Chase’s Believe & Achieve Family & Education Center. Jose Carlos Maron’s Radio La Patrona Inc. will purchase Silent 760 KMTL/97.7 K249FE Sherwood/Little Rock AR from the estate of George Domerese for $100,000. James Utley’s CLI R...[Read More]

Entercom Acquires 101.1 More-FM Philadelphia; Divests WXTU Back To Beasley

Entercom has announced it is growing its Philadelphia cluster with the purchase of Jerry Lee Broadcasting’s market leading AC “101.1 More-FM” WBEB for $57.5 million. The deal marks the end of WBEB’s run as one of the last independently owned and operated major market FM. Jerry Lee and Dave Kurtz founded the station in 1963. Lee bought out the estate of his partner in 2005 leading to his default on the $65 million note in 2015 and a transfer of control to Sam Zell’s Zell Credit Opportunities Fund LP, however Lee continues to serve as president of the company. To make room in its Philadelphia cluster, Entercom will divest Country 92.5 WXTU to Beasley Media for $38.0 million. Beasley owned WXTU until it swapped its first Philadelphia cluster to CBS Radio in 2014....[Read More]

Mighty Media Group Completes Memphis Sell-Off

Memphis First Ventures’ Mighty Media Group has sold Country “95.3 The Rebel” WEBL Coldwater MS/Memphis TN and the lease of 100.1 W261CE Southaven to Thomas Freeman’s North Mississippi Radio Group for $900,000. Freeman is already quite familiar with the station as he has served as Program Director and then General Manager since November 2009. He previously served as Operations Manager for Cumulus Topeka KS, The Radio People Jackson MS, and Clear Channel Tupelo MS. Mighty Media sold 830 WUMY/105.5 W288BJ Memphis to GMF-Christian Media in May for $706,823. It followed up selling 1180 WGUE Turrell AR/99.3 W257CY Memphis/101.5 K268DA Memphis to Butron Media Corporation for $799,000 last month.