Jeff Andrulonis’ Colonial Media + Entertainment has sold its three stations and two translators in Olean NY to Richard Freeman’s On Air Inc. for $615,600. Freeman, a Scranton PA based ad buyer, will acquire Classic Country “Eagle Country Throwbacks” 96.7 WVTT Portville, Country “Eagle 99.1/103.9” WAGL Eldred PA and 99.1 W256BS Olean, and Classic Rock “106.3 The Mountain” 106.3 WXMT Smethport PA/98.7 W254BQ Olean. The payment will be made through the purchase of 3,770,667 crypto currency tokens from Ideum Corporation worth a minimum of 15 cents each. Freeman will begin operating the stations via Time Brokerage Agreement on May 1.
Higgs Multimedia Group has agreed to purchase Mattox Broadcasting’s three stations in Waycross GA for $1.4 million. Included in the purchase are Hot AC 97.7 WWUF Waycross, Country 105.1 WKUB Blackshear, and Classic Hits “Kool 107.1” WSGT Patterson. Higgs Multimedia Group owner John Higgs also owns Broadcast South which owns seven and leases two stations in Georgia. Guest Technology LLC represented Mattox Broadcasting in the deal.
Update 4/18: Aztec Capital Partners will pay $375,000 for 1540 WNWR Philadelphia. Original Report 4/17: Aztec Capital Partners has agreed to purchase Brokered 1540 WNWR Philadelphia from New World Radio’s Global Radio LLC. for an undisclosed amount. WNWR will become a sister station to Spanish Tropical “El Zol 99.9” 1340 WHAT/99.9 W260CZ Philadelphia. The station operates with 50kW day/250w nights and currently airs programming from China Radio International. The sellers retain their 1120 WUST Washington DC and 1190 WCRW Leesburg VA. This is to announce that a contract has been signed and an application will be filed with the FCC requesting consent to the assignment of license of WNWR-AM, Philadelphia, Pennsylvania, from Global Radio, L.L.C. to Aztec Capital Partners, Inc...Read More
University of Northwestern-St. Paul is acquiring Full Service 1530 KDSN and 107.1 KDSN-FM Denison IA from Mikadety Radio Corporation for $1.25 million. As part of the deal, KDSN-FM applied to move to 104.9 to allow 107.1 KNWI Osceola IA to move-in to the Des Moines market. Bowman Broadcasting agrees to acquire 740 WHMT Tullahoma TN and its two translators: 95.1 W236DG Manchester and 105.1 W286BG Tullahoma from GRA Communications for $55,000. The sellers bought the station for $260,000 in 2016. Seven Mountains Media is adding half of the Hot AC “Yes-FM” simulcast in North Central Pennsylvania with the acquisition of 96.9 WVYS Ridgebury and 107.3 W297BG Ulster PA from GEOS Communications for $285,000 plus an additional $50,000 should the station apply and be granted a CP to incre...Read More
Citrus County Association For Retarded Citizens has announced it will LMA “CBS Sports 104.3” WYKE Inglis FL to WGUL-FM Inc. starting Sunday, April 15. The Citrus County Chronicle reports that WYKE will be flipped to Country as 104.3 WXZC under a three year LMA with option to purchase for $340,000 by WGUL-FM Inc with the monthly LMA fees going to the purchase price. WYKE will join a cluster that includes AC “Citrus 95.3” WXCV Homosassa Springs, Classic Hits “96.7 The Fox” WXOF Yankeetown, Country “Z103.3” WXCZ Cedar Key, and Oldies “Hits 106” 106.3 WGHR Spring Hill FL serving the areas north of Tampa and west of Ocala. With the similar call letters to 103.3 WXCZ and barely overlapping contours, a simulcast would make sense as well.
Stephens Media will pay $10.725 million for Ingstads’ twelve stations and two translators in Kennewick/Richland/Pasco and Yakima WA. Original Report 4/2: Stephens Media Group has agreed to purchase fourteen stations in the Kennewick/Richland/Pasco and Yakima markets from Ingstad Radio Washington for an undisclosed price. The deal will bring the Tulsa based Stephens up to 41 stations nationally including their home market and Rochester and Watertown NY. Stephens began operating the stations via LMA on Sunday, April 1. The stations involved in the deal are: Kennewick/Richland/Pasco: Country “94.9 The Wolf” KIOK Richland, AC “95.7 More-FM” KKSR Walla Walla, CHR “Power 99.1” KUJ-FM Burbank, Classic Rock “Eagle 106.5” KEGX Richland, Classic ...Read More
Timothy Milner’s Milner Broadcasting Enterprises is selling his four station cluster in Kankakee IL to a new company with a similar name. Milner Media Partners will acquire Oldies “92.7 The Valley” WVLI Kankakee/96.1 W241BS Bourbonnais, CHR 95.1 WFAV Kankakee and Country “River Country 101.7” WIVR Kentland IN/103.7 WYUR Gilman IL for 5.374 times the Adjusted Net Operating Income generated between April 1, 2017 and March 31, 2018. Timothy Milner will remain part of the new group holding the position of CEO, but having just a 2% ownership stake. The remainder of the new company will be held by former Triad Broadcasting CEO David Benjamin, former KGO San Francisco General Manager Mickey Luckoff, and Robby Markose’s R2 Investments LLC each with a 32.66% stak...Read More
After purchasing 101.1 KZTS Cammack Village/Little Rock AR in March for $1.1 million and ending its LMA of 96.5 KHTE-FM England, Salem Communications is purchasing 1380 KDXE North Little Rock/105.5 K288EZ Little Rock from N C Communications for $180,000. As part of the deal, Salem will lease the station to Steve Hegwood’s Core Communications to keep the Urban “Streetz” format that was displaced off of 101.1 KZTS. That move started on Sunday, April 1. JW Broadcasting sells Conservative Talk “Newstalk 1160” WCFO Eastpoint/Atlanta GA to Atlanta Catholic Radio for $750,000. The purchase price is split between $500,000 for the station property and $250,000 for the tower land. The buyer will begin operating WCFO via Time Brokerage Agreement on Monday, April 16. ADX ...Read More
Cumulus Media has announced it has agreed to acquire Alternative 101.1 WKQX Chicago and the intellectual property of WLUP from Merlin Media for $18 million. Cumulus walked away from its $50 million acquisition of 97.9 WLUP and WKQX in January as part of its bankruptcy restructuring. Merlin then sold WLUP to Educational Media Foundation for $21 million who flipped the station to Christian AC “K-Love” WCKL. Cumulus had been operating both station under LMA since January 2014. WKQX will permanently join a Cumulus Chicago cluster that includes Talk 890 WLS and Classic Hits 94.7 WLS-FM. Merlin parked the WLUP call letters on Randy Michaels’ 97.9 in Au Sable NY but they will be returning to Cumulus to be placed an a station to be determined. Cumulus Media Inc. (PINK:CMLSQ) (the...Read More
Paul Coates and Mike Huckabee’s Bluff City Media will lease their four stations in Pine Bluff to Mike and Alpha Horne’s PB Radio starting Sunday, April 1. Mike Horne has managed the four station cluster for Bluff City Media since December 2016 and will now take over their full operations via an LMA with an option to buy. He told Arkansas Business, “My good friend Paul Coates brought me down here to kind of get them out of trouble. Everybody thinks Pine Bluff is a losing situation, but the town has gotten a bad rap. We’re doing well, and the people are optimistic. There are still problems, but we’ve got a great mayor now [Shirley Washington] and things are looking up.” Horne previously owned stations in Arkansas, Kansas, Oklahoma, and Texas and served as ...Read More
Matrix Broadcasting is the latest operator to file for Chapter 11 bankruptcy restructuring. Matrix, the owners of Rock “103.9 The Fox” WFXF Dundee and AC “Star 105.5” WZSR Woodstock IL in Chicago’s northwestern suburbs, purchased the two stations from a divestiture trust of Digity Media for $5,527,500 in 2014 following that company’s merger with NextMedia in 2012. Matrix is sole owned by Peter Handy and claims both assets and liabilities between $1 million and $10 million. The stations operate under a Shared Services Agreement with Alpha Media since Alpha acquired Digity in 2015. Educational Media Foundation makes another purchase with the acquisition of Classic Rock “103.9 The Wolf” KJXJ Franklin/College Station TX from Brazos Valley Communi...Read More
When Salem Media takes over 101.1 KZTS Cammack Village/Little Rock on Sunday, April 1 it will move the programming of Conservative Talk “96.5 The Answer” KHTE-FM England to KZTS. Salem will end its Time Brokerage Agreement to operate KHTE-FM, whose programming will revert to owner Crain Media Group. No word yet on what that company will do with the station. However, Steve Hegwood’s Core Communicators will move the Urban “Streetz” format to N C Communications’ currently silent 1380 KDXE North Little Rock/105.5 K288EZ Little Rock. Original Report 3/13: Salem Media will acquire Urban “Streetz 101” 101.1 KZTS Cammack Village/Little Rock AR from Flinn Broadcasting for $1.1 million. The purchase gives Salem a fourth FM in Little Rock as it owns Chr...Read More