Cumulus Media is completing its exit from Louisville as it sells 93.9 WLCL Sellersburg, IN to UB Louisville for $3,138,000. Union currently owns Sports “ESPN Louisville” 680 WHBE Newburg/105.7 WHBE-FM Eminence in the market and this acquisition gives the company a city-grade signal to bring the programming to FM throughout the market. Union will begin operating the currently silent WLCL under an LMA before the sale closes. Union Broadcasting also owns a pair of AM’s in Kansas City. The sale ends the odd run of Cumulus in Louisville, who acquired the stations as part of its purchase of Susquehanna Radio in 2006. In August 2010, Cumulus took WLCL and then sister 1450 WQKC dark as it shut down its business operations in the market. WQKC would be sold, while WLCL was leased t...Read More
Arthur A. Angotti is selling Artistic Media Partners three FM’s in South Bend, IN to Sound Management, LLC. The $3.5 million sale of CHR “U93” WNDV-FM and Classic Hits simulcast “The Stream” 97.7 WSSM Goshen/102.3 WSMM New Carlisle will transfer operations of the stations to Angotti’s son Arthur A. Angotti III. Sound Management’s ownership will have 45% held by Angotti III, 10% by Barbara Angotti, and 45% by Artistic Media Partners. Sound Management will begin operating the stations via LMA on November 1. Angotti III currently serves as President of Aristic. That company will continue to own WNDV simulcast 1620 WDND South Bend, two FMs in Bloomington, and 1 AM and 3 FMs in Lafayette, IN.
Lazer Broadcasting is acquiring four radio and one LPTV stations from Adelante Media in Central California. The $2.9 million purchase will bring Lazer into the Sacramento and Modesto markets. The company currently owns twenty Spanish language stations in Central and Southern California including the markets of Bakersfield, Oxnard, Riverside, San Jose, Santa Barbara, and Reno, NV. Lazer will begin operating the stations today via LMA. The stations included in the sale are: Modesto – Regional Mexican “La Gran D 93.9” KBBU Modesto Sacramento – Regional Mexican “La Gran D” 94.3 KGRB Jackson/103.3 KBAA Grass Valley, Spanish CHR “Latino 97.9” KLMG Esparto, and “Azteca America” KSTV-LP 32 Lazer Broadcasting will likely shift the Regional...Read More
Steve Seline’s Walnut Radio LLC. has purchased Soft AC/Standards “Magic 1490” KOMJ Omaha from Cochise Radio Partners. KOMJ becomes the fourth Nebraska station purchased by Walnut Radio this year joining “Country 97.3” KBLR-FM Blair, AC “Mix 105.5” KFMT-FM Fremont, and News/Talk 1340 KHUB Fremont. Before forming Walnut Radio LLC, Steve Seline was formerly Vice Chairman of Waitt Media.
Station Sales Greg Jensen’s Hometown Broadcasting of Rochester is acquiring Beautiful Music 97.5 KNXR Rochester, MN. The purchase price is contingent on Minnesota Public Radio agreeing to a lease or allowing the buyer to purchase the seller’s share of Silver Creek Tall Tower Associates, which operates KNXR’s transmission facility. If Jensen acquires the share of the tower site he will pay $1.1 million, if he simply leases the site the sale price drops to $714,910. Hometown Broadcasting also owns Classic Rock “Power 96” KQPR Albert Lea and Classic Country 970 KQAQ Austin, MN. With the September 2015, LPTV digital conversion date postponed indefinitely, the sale of KZFW-LP Dallas has radio ramifications. Central Park Church of God will purchase KZFW-LP, which ha...Read More
Update 10/16: Alpha Media is paying $5.8 million for the six stations. Original Report 10/10: Alpha Media is expanding into California with the purchase of Buckley Broadcasting’s six stations in Bakersfield and Merced. The stations involved in the deal are: Bakersfield – Hot AC “Kelly 95.3” KLLY, News/Talk 97.7 KNZR-FM/1560 KNZR, and Rhythmic Oldies “Groove 99.3” KKBB Merced – Country 96.3 KUBB and Rhythmic CHR “Hot 104.7” KHTN Following the deal, Buckley will be down to just one station (Sports “ESPN 630” KIDD Monterey) as it winds down its divestitures over the past few years. Alpha Media of Portland, OR announced today they have entered into a definitive agreement to purchase radio stations from Buckley Broadcasting of Ca...Read More
Update 10/16: The FCC filing indicates Envision Broadcast Network will pay Journal $1.55 million for 92.3 KFTI. Excluded from the sale are the KFTI call letters and the current intellectual property of the station. Original Report 10/10: Journal Broadcast Group has found a buyer for its necessitated divestiture of Classic Country 92.3 KFTI Newton/Wichita, KS. Envision Broadcast Network, LLC will acquire KFTI for an undisclosed amount. Envision describes itself as “a not-for-profit organization that promotes nationwide advocacy and independence for those who are blind or visually impaired”. Journal was required to divest one Wichita station as part of its pending merger with Scripps. Journal Broadcast Group, Inc., a subsidiary of Journal Communications, Inc. JRN, has announced a...Read More
Translator Sales Steve Hegwood’s Core Communicators is converting its lease of 94.5 W233BF Atlanta into a purchase. Edgewater Broadcasting will receive $53,000 for the translator, which currently operates as Urban “Streetz 94.5” via a rebroadcast of 94.1 WSTR-HD3. Hegwood had previously applied to purchase the translator in 2010 for $60,000, but that deal never closed. Curtis Media’s Eastern Airwaves adds yet another Raleigh area translator with the acquisition of the CP for 93.3 W227CU Cary from Juan Alberto Ayala for $150,000. Curtis will utilize the translator to rebroadcast an HD subchannel of their 94.7 WQDR Raleigh pending an additional modification to the CP. Patricia J. Young is selling three St. George, UT area translators to Canyon Media Group in separate ...Read More
Renda Broadcasting is selling Classic Rock 94.1 WSOS-FM Fruit Cove, FL and Country “100.7 The Bull” WMUV Brunswick, GA to Nancy Epperson’s Chesapeake-Portsmouth Broadcasting for $3.7 million. Chesapeake-Portsmouth Broadcasting currently owns Conservative Talk 600 WBOB/100.3 W262AG Jacksonville. Under the name Delmarva Educational Association, the Eppersons own Christian AC “91.7 The Promise” WTRJ-FM Orange Park/91.9 WAYL St. Augustine, local K-Love affiliate 88.1 WCRJ Jacksonville, and operates Classic Hits “102.3 The Beach” 1600 WZNZ/102.3 W271AP via Time Brokerage Agreement. FCC regulations do not count non-commercially owned stations under a group’s ownership limits. After the divestiture of WSOS-FM and WMUV, Renda will retain AC “Li...Read More
Long Point Communications is purchasing the assets of Finger Lakes Radio Group out of a bankruptcy auction for $3.375 million. Long Point is a partnership of Bruce Danziger and Eric Sivertsen. Danziger owns stations in Pittsfield, MA under the Gamma and Berkshire Broadcasting names, Burlington, VT under Vox AM/FM, and Marion and Kokomo, IN as Hoosier AM/FM. Included in the purchase are seven stations and five translators: AC 98.5 WNYR-FM Waterloo, Classic Rock “99.3 The Wall” WLLW Seneca Falls, Country “K101.7/104.5” 101.7 WFLK Geneva/1550 WCGR Canandaigua/104.5 W283BF Canandaigua, News/Talk 1240 WGVA/96.1 W241AW Geneva, Country “96.9/101.9 WFLR” 1570 WFLR Dundee/96.9 W245BL Dundee/101.9 W270BY Watkins Glen, and News/Talk 1590 WAUB Auburn/98.1 W251AJ Mel...Read More
Yankton, SD based Riverfront Broadcasting is expanding into Iowa with the purchase of six stations and a translator from NRG Media. Included in the sale are Country 1600 KLGZ/98.5 K253BJ and 92.7 KLGA-FM Algona, News/Talk 1590 KWBG Boone, AC “97.7 The Bolt” KHBT Humboldt, AC “Q95.7” KQWC-FM and Oldies “The Kruise 1570” KQWC Webster City. Riverfront currently operates stations in Pierre, Mitchell, and Yankton, SD and Nebraska City, NE. NRG is in the process of acquiring Woodward Communication’s stations in Waterloo, IA and will still own seven stations in Illinois, sixteen in Nebraska, and thirteen in Wisconsin. NRG Media LLC announced today the sale of its Northwestern Iowa radio properties in Algona, Humboldt, Webster City, and Boone to Riverfront...Read More
CBS Radio and Beasley Broadcasting have agreed to exchange 19 stations in four markets. CBS will acquire five stations from Beasley: Country 92.5 WXTU and Rhythmic CHR “Wired 96.5” WRDW-FM Philadelphia along with Sports 560 WQAM, Rhythmic CHR “Power 96” WPOW-FM, and Country “99.9 Kiss Country” WKIS in Miami. Heading to Beasley are fourteen stations including CBS’ entire Charlotte and Tampa clusters: CHR “Kiss 95.1” WNKS, Urban “Power 98” 97.9 WPEG, Urban AC “V101.9” WBAV, Country “The New 103.7” WSOC, AC “K104.7” WKQC, Sports “610 The Fan” WFNZ, and Sports “CBS Sports Radio 1660” WBCN Charlotte, Spanish CHR “Maxima 92.5” WYUU, Rhythmic CHR “Wild 94...Read More