Buckaroo Broadcasting sells Oldies “Pure Gold 92.1” 1400 KWNA/92.1 K221AG and Country “92.7 Buckaroo Country” KWNA-FM Winnemucca NV to Jeffrey and Dana Kierce’s JDK Broadcasting for $130,000 with a Time Brokerage Agreement that took effect on May 22. Houston Christian Broadcasters acquires 1340 KCRN/94.3 K232FG and 93.9 KCRN-FM San Angelo TX from First Dallas Media for $205,000. Upon completion of the sale the two stations will shift from simulcasting Christian AC 90.9 KCBI-FM Dallas to Spanish Christian rebroadcasting 1400 KHCB League City/Houston and Christian Preaching simulcasting 105.7 KHCB-FM Houston respectively. In January 2017, Ken Santarelli’s Surge Media converted its LMA of 710 WEGG Rose Hill NC from Conner Media Corporation to a purchase for...[Read More]
The Moody Bible Institute sells 710 WFCM Smyrna/Nashville TN and 94.7 W234DM Smyrna to Iglesia Misionera Jesucristo Viene Pronto for $125,000. The buyer intends to operate the stations with a non-commercial Spanish Christian format. Moody’s Christian programming will remain on their 1200 WFCN/98.7 W254CK Nashville and 91.7 WFCM-FM Murfreesboro. Educational Media Foundation sells 100.5 WLRB Goochland VA to Truth Broadcasting Corporation for $150,000. Truth intends to convert WLRB back to commercial status. While Truth Broadcasting owners Stuart and Nancy Epperson hold no other assests in the Richmond VA market, their Delmarva Educational Association owns Conservative Talk 820 WNTW Chester/97.7 W249CI Bellwood and Chesapeake-Portsmouth Broadcasting owns Christian “The Truth Netwo...[Read More]
Immaculate Heart Media has announced the acquisition of Sports “1080 The Team” WHOO Kissimmee and Brokered Christian 1190 WAMT Pine Castle/Orlando FL from Genesis Communications for $1.515 million. Immaculate Heart operates the Catholic “Relevant Radio” network, which will debut on one of the stations upon closing of the sale. Genesis will continue to own stations in Tampa and Melbourne FL following the deal, which was brokered by Kalil & Co. This is to announce that a contract has been signed and an application is being filed with the FCC for the transfer of radio stations WAMT-AM and WHOO-AM, Orlando, Florida from Genesis Communications l, Inc. to Immaculate Heart Media Inc. The Seller, Genesis Communications I, Inc. is a Florida-based com...[Read More]
Ed Levine’s Galaxy Media is selling a 21% stake in the company to a group of minority investors for a combined total of between $2.1 and $2.7 million. Each investor will pay $300,000 for 30,000 shares of the company equal to a 3 percent stake. The investors include LM Communications owned Lynn Martin, Syracuse University men’s basketball coach Jim Boeheim, former Syracuse and NBA player Etan Thomas, sports memorabilia marketer Brandon Steiner, Joyce Hergenhan, and two investment groups. Tenn-Vol Corp will acquire Country trio 92.1 KHOS-FM Sonora, 93.5 KOOK Junction, and 94.3 KYXX Ozona TX from Forster Charitable Foundation for $50,000.
As part of a Chapter 727 of Florida Bankruptcy Laws (equivalent to federal Chapter 7), Choice Radio Keys Corporation is transferring Classic Hits trimulcast “Mix 93.7” WKEY-FM Key West, 94.3 WGMX Marathon, 96.9 WKEZ-FM Tavernier/Key Largo, and Silent 1300 WFFG Marathon to trustee Philip Von Kahle for divestment. Charlie Banta and Sandra Miller’s Universal Stations sells suburban Boston Spanish Christian 1230 WESX Nahant and Portuguese Christian 1300 WJDA Quincy MA to Luis Morales’ Real Media Group for $875,000 ($425K for WESX, $450K for WJDA). GMF-Christian Media purchases 830 WUMY/105.5 W288BJ Memphis TN from Memphis First Ventures for $706,823. The stations currently simulcast the seller’s Classic Hits “Guess-FM” 1180 WGUE Turrell AR/99.3 W257CY ...[Read More]
Update 5/24:University of Northwestern-St. Paul will pay Salem Media $3,150,000 for Christian AC “100.7 The Fish” KGBI-FM Omaha. Original Report 5/22: Salem Media has announced it has agreed to sell Christian AC “100.7 The Fish” KGBI-FM Omaha to University of Northwestern-St. Paul for an undisclosed price. The buyer will convert the station to non-commercial status and its own Christian AC network that includes stations throughout the midwest including 98.5 KTIS-FM Minneapolis, “Life 88.5” KJNW Kansas City and stations in Connecticut, Iowa, Minnesota, North Dakota, South Dakota, Wisconsin. Salem will retain Christian Preaching “660 The Word” KCRO/106.5 K293CJ and Conservative Talk “94.5 The Answer” 1420 KOTK/K233CO in the Omaha ma...[Read More]
In an SEC filing Urban One states it will pay $4.2 million for WTEM. The company also anticipates to generate approximately $1.7 million of pro-forma EBITDA from the station for the remainder of the fiscal year at a multiple of 2.5x. Original Report 5/21: Daniel Snyder’s Red Zebra Broadcasting is selling its last outlet as Urban One acquires Sports “980 The Team” WTEM Washington DC to Urban One for an undisclosed price. The companies have also agreed to a rights deal to keep the NFL’s Washington Redskins gameday programming on the station, as WTEM will no longer be under common ownership with the franchise. Like last year, the games will also be heard on Cumulus Conservative Talk 630 WMAL/105.9 WMAL-FM. This is the second deal in recent years between the two compani...[Read More]
Thanks to last years removal of the broadcast/newspaper cross-ownership ban, Seaton Publishing’s Grand Junction Media Inc. will acquire Red Rocks Radio’s cluster in Grand Junction CO. The owners of the Grand Junction Sentinel will add Oldies “Red Rock 101.5” KGJX Fruita and its three HD fed translators: Hot AC “Kiss 94.3” K232FB, Spanish Adult Hits “Juan 104.7” K284AP, and Country “Canyon Country 107.3” K297BR Grand Junction. The Sentinel states that it intends to “infuse more local news into the stations.”
East Carolina Radio acquires “Classic Rock 104.9” WFMZ Hertford NC from Hengooch LLC for $150,000 to join a cluster that already includes seven stations in the northeastern corner of North Carolina. WFMZ is currently managed by Max Media in simulcast with Hengooch’s 92.3 WZPR Nags Head. Great South Wireless sells Classic Hits “97.7 The Peach” WHPH Jemison AL to TBTA Ministries for $200,000. Immaculate Heart Media is acquiring fellow Catholic operator The Presence Radio Network and its five stations in Maine for $750,000. The stations involved in the deal are 89.5 WWTP Augusta, 89.7 WTBP Bath, 90.3 WXBP Corinth, 106.7 WXTP North Windham, and 1390 WEGP Presque Isle. Steven Duffy sells Hot AC “Star 106.3” KZLK Rapid City SD to New Generation Broadcast...[Read More]
Federated Media is selling Country “Willie 103.5” WAWC Syracuse, Classic Hits 107.3 WRSW-FM Warsaw, and News/Talk “News Now” 1480 WRSW/99.7 W259BJ Warsaw IN to Tony Richards and Jack Didier’s Kensington Digital Media for an undisclosed price. As first reported by Indiana Radio Watch, the two partners in Kensington have history with Federated as Richards served as their Chief Operating Officer from 2000-2012 and Didier is the company’s Chief Engineer. The company also owns Classic Hits “Hippie Radio 94.5” WHPY-FM Bellevue and Hot AC 1010 WHIN/100.7 W264CR Gallatin TN.
After beginning to operate a Portland AM via LMA earlier this year, Salem Media is acquiring one of them outright. Salem will swap 1300 KKOL Seattle to Tron Dinh Do’s Intelli LLC in exchange for 860 KPAM Troutdale/Portland OR. Intelli purchased KPAM and 1550 KKOV Vancouver WA in 2017 for $1.2 million. Upon closing of the sale, Salem began operating KPAM as Conservative Talk “860 The Answer” and Intelli flipped KKOV from Adult Standards to its Vietnamese programming.
The sale of WPZR from Urban One to Educational Media Foundation was filed with the FCC giving more details on the sale. EMF will pay $12,229,000 for WPZR and send three translators to Urban One. 93.5 W228CJ Detroit (serving Ferndale, Hamtramck, and downtown Detroit), 93.5 W228CU Riverview (covering Allen Park, Melvindale, and Southgate), and 98.3 W252BX Detroit (covering Dearborn) will be sent the other way to become part of the Gospel “Detroit Praise Network” along with 99.9 W260CB Detroit (covering Birmingham, Ferndale, Southfield & Troy). Original Report 5/1: Educational Media Foundation has filled in another one of its missing major markets for Christian AC “K-Love” by acquiring Gospel “Praise 102.7” WPZR Mount Clemens/Detroit from Urban One for...[Read More]