Station Sales

Alpha Sells Richmond Pair To EMF

Alpha Media is cutting its Richmond VA cluster in half with the sale of Country “98.9/100.3 The Wolf” 98.9 WLFV Midlothian/100.3 WARV-FM Petersburg to Educational Media Foundation for $2 million. The deal will take WLFV/WARV-FM out of competition with SummitMedia’s “K95” 95.3 WKHK leaving them as the only Country station in the market. WKHK held a 6.3 share in the Summer 2016 Nielsen Audio ratings to The Wolf’s 1.5. EMF’s applications requests a main studio waiver rebroadcasting “K-Love” flagship KLVR Middletown CA. EMF currently owns “K-Love” simulcast 89.7 WLRJ Charles City and 90.1 WKYV Colonial Heights, which will likely shift to the Christian CHR “Air 1” network. EMF also has a pending acquisition of 100.5 W...Read More

EMF Acquires Suburban Chicago College Station

Wheaton College has sold 88.1 WETN Wheaton IL to Educational Media Foundation for $150,000. The 250w/43m station currently airs a locally produced Christian AC (and seasonal Christmas music) format along with school services and sports. EMF has filed a main studio waiver request to carry the Christian CHR “Air 1” network via KYRA Thousand Oaks CA. Wheaton will also lease space on the tower it owns for WETN to continue broadcasting from it for five years (with four additional five year renewals) at $500 per month and $200 per month for utilities with a 2% annual escalator. WETN would become Air 1’s third station in the Chicago suburbs joining 88.3 WCLR Arlington Heights and 88.7 WSRI Sugar Grove/Aurora.

Aruba Capital Holdings & Port Broadcasting Finally Merge

More than a year after announcing a three-way merger with Garrison City Broadcasting that never was completed, Aruba Capital Holdings and Port Broadcasting are finally merging their holdings in Coastal New England. Andrew Hartmann will contribute his Aruba Capital Holdings’ “Classic Rock 92.1” 1540 WXEX/97.1 W246BP Exeter NH and 92.1 WXEX-FM Sanford ME into Port Broadcasting for a 29.1% stake in the company that will be combined with his post-merger 26.9% personal stake. Carl Strube and Pete Falconi will each hold 22% of the newly combined company. Port Broadcasting currently owns Adult Standards 1450 WNBP/106.1 W291CC Newburyport MA and “1220 The Legends” WWSF/W272CG Sanford ME. Rather than merge with Aruba & Port, Garrison City Broadcasting sold AC R...Read More

Station Sales Week Of 11/25

Station Sales Vanessa Nguyen acquires Brokered Korean 1040 WPBS Conyers/Atlanta GA from Pacificstar Media Corporation for $700,000. Atlanta Radio Korea, which operates WPBS via Time Brokerage Agreement, purchased 790 WQXI Atlanta from Entercom in September. Alexander & Christine Creighton’s Burlington Radio, LLC acquires Standards 1140 KNAB and Country 104.1 KNAB-FM Burlington CO from the Estate of Bette Ann Bailly’s KNAB Inc. for $425,000. The Creighton’s, who own six other stations and a CP under Northeast Colorado Broadcasting, began operating both stations on October 1 via Time Brokerage Agreement. Hispanic Family Christian Network gives 89.7 KQMP Hollywood MS to Manuel Pimentel’s Casa de Destino, Inc. for no consideration. Translator Sales

Broadway Media Swaps Two Out Of Trust For Translators

Broadway Media has filed a pair of deals to swap out stations held by its Divestiture Trust for translators in the Salt Lake City/Provo region. In the first deal, Broadway will swap SLC Divestiture Trust II’s 95.9 KMGR Delta (with a CP to move to 95.7 Gunnison) and $200,000 to Kevin Terry’s Radio Rancho for 95.9 K240EP Tooele and 104.7 K284AY Stockton. Radio Rancho will be responsible for building out all three CP’s. KMGR is currently operated via Sanpete County Broadcasting Company via LMA as Soft AC “Classy 102.7“, utlizing the frequency of one of its translators. However, Broadway is relocating that translator to 94.5 Provo to rebroadcast “ESPN 960” KOVO Provo. To potentially rectify that for KMGR, Sanpete County Broadcasting Company is acquirin...Read More

Station Sales Week Of 11/18

Station Sales CRC Broadcasting is purchasing Silent 1580 KHEP Tempe and 99.9 K260CJ Nogales AZ (with application to move to 99.1 Tempe) from Jacob Barker’s Gabrielle Broadcasting for $450,000 and an LMA to start once the station commences broadcasting again. CRC also owns Business “Money Radio 1510” KFNN Mesa and two stations in Palm Springs. Gabrielle purchased KHEP (then KMIK) from Disney for $1.4 million in August 2015. Barker’s Gabrielle Broadcasting then turns around and purchases Christian Preaching “1280 The Trumpet” KXEG Phoenix and 94.1 K231CJ Nogales (with application to move to 96.1 Phoenix) from Sewanee Phoenix License for $385,000. Barker currently serves as Station Manager for KXEG. El Sembrador Ministries is exercising its option to purcha...Read More

Maine Public Acquires WRMO

Maine Public has acquired Soft AC “93.7 The Wave” WRMO Milbridge/Bar Harbor ME from Charles Begin’s Pine Tree Broadcasting for $150,000. WRMO will flip to Maine Public’s Classical network on December 1. The Soft AC format will continue on 1230 WGUY Veazie/94.1 W231CH Bangor although morning host Paul Dupuis has announced he has exited as of last Friday. Maine Public Classical also airs on 91.5 WFYB Fryeburg and translators in Bangor, Portland and Waterville.

Station Sales Week Of 11/11

Nevada Public Radio acquires Community “The Fine 89” 89.1 KJIV Sun Valley/Reno NV from Open Sky Radio Corp for $550,000. Nevada Public Radio will operate KJIV as a satellite of Public News/Talk 88.9 KNPR Las Vegas giving the Reno market a Public News/Talk competitor to University of Nevada’s 88.7 KUNR Reno. Radio General Ltd. sells AC 95.3 WKTN Kenton OH to Home Town Media for $450,000 plus a $75,000 non-compete to seller Keith Gensheimer. Todd Laborde’s Bontemps Media Services acquires Classic Country 97.7 KAPB-FM Marksville LA from Three Rivers Radio Company for $550,000. In a deal yet to be filed with the FCC, Soul Mates for Jesus is donating Catholic 91.9 WSMJ North Wildwood NJ to Domestic Church Media.

Station Sales Week Of 11/4

Station Sales William Pollack’s Pollack Broadcasting is acquiring Richard Jakle’s three stations in Illinois and Nevada for $2 million. The stations involved in the deal are 1280 WBIG Aurora and 1410 WRMN Elgin IL in suburban Chicago and 1400 KSHP North Las Vegas NV. All three stations carry a mix of Talk and Shopping programming. More from the Chicago Tribune about Jakle’s retirement. Sheridan Broadcasting sells Gospel/Urban Talk “Mix 1080” WUFO Amherst/Buffalo NY to Sheila Brown’s Visions Multi Media Group for $307,331.86. Brown has operated WUFO via LMA since the start of 2014. David Webster’s Trignition Media acquires Spanish Tropical 840 WRYM New Britain/Hartford CT from Eight Forty Broadcasting Corporation for $648,000. Access.1 Communication...Read More

EMF Buys In Palm Springs & Richmond

Educational Media Foundation continues its growth with the purchase of stations in Palm Springs and Richmond VA. In Palm Springs, EMF acquires Classic Hits “Valley 105.1” KVGH-FM Bermuda Dunes from S&H Broadcasting for $1.125 million. EMF intends to flip the station to its Christian AC “K-Love” network as a satellite of 91.9 KLVR Middletown CA. The Classic Hits format may survive as S&H sister company retains simulcaster 1270 KVGH Palm Desert, which holds a CP for a new translator 106.5 K293CL Spring Valley as well as Soft AC “CV 104.3” KHCV Mecca. In Richmond, EMF adds Delmarva Educational Association’s rimshot 100.5 WZEZ Goochland for $125,000. The station is currently operated by Red Zebra Broadcasting as “Sports FM 100.5” ...Read More

EMF To Acquire KUSP Santa Cruz

The bankruptcy trustee for Pataphysical Broadcasting’s former AAA 88.9 KUSP Santa Cruz CA and its four translators has agreed to sell the station to Educational Media Foundation for $605,000. KUSP went dark at the end of July and then filed for Chapter 7 bankruptcy to begin to pay off creditors. Current.org reports that EMF won the bidding earlier this week with its $605,000 bid over KCRW Los Angeles’s $600,000 bid that will be a backup bid should EMF’s acquisition not be approved by the FCC. A third local group, Media Watch/Central Coast Community Radio also submitted a bid. EMF operates multiple signals already in the Monterey/Salinas/Santa Cruz market. The company’s 90.7 KSRI Santa Cruz and 93.5 K228FD Monterey carry the Christian CHR “Air 1” network,...Read More

Station Sales Week Of 10/28

Station Sales Quicksilver Broadcasting sells Classic Rock “Z104” 104.1 WMZK and Classic Country “730 The Patriot” WJMT Merrill/Wausau WI to WRVM Inc. for $260,000. WRVM will convert both stations to non-commercial simulcasts of Christian 102.7 WRVM Suring WI. Broadway Media sells Silent 107.9 KAOX Shelley/Idaho Falls ID to Frandsen Media for $25,000. As part of the deal Frandsen will also assume Broadway’s obligations for the frequency changes required at 99.1 KNYN Fort Bridger WY (to 103.9), 103.9 KGNT Smithfield UT (to 99.1), and 95.9 KLZX Tremonton UT (to 99.9 Weston ID) as part of previous upgrades to allow Broadway’s predecesors to upgrade their signals in the Salt Lake City market. KAOX previously completed its move from 107.3 in Kemmerer WY. Deser...Read More

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