Station Sales

Bustos Reacquires WDDW Milwaukee

Bustos Media will pay $1 million for WDDW according to the FCC filing of the acquisition. Original Report 4/22: Adelante Media continues its divestiture as it sends Regional Mexican “104.7 La Gran D” WDDW Sturtevant/Milwaukee, WI to Bustos Media for an undisclosed price. Bustos Media previously owned WDDW prior to the group transferring many of its assets to Adelante in 2010 as the group’s creditors took over the group. Last year Bustos reacquired Adelante’s nine stations in Washington State for $6 million. Adelante has since divested its Boise, Central California, and television holdings leaving it with just 1 AM and 2 FMs in the Salt Lake City market left to divest. Bustos will immediately begin operating WDDW via LMA.

Station Sales Week Of 4/17

Station Sales Amidst rumors of an acquisition by Alpha Media, Morris Communications is making an asset exchange in the Palm Springs market to remove a potential loss of a grandfathered asset. Morris will exchange Sports “Fox Sports 1270” KFSQ Thousand Palms, CA to Sunnylands Broadcasting for 95.5 KCLZ Twentynine Palms. Morris currently leases KCLZ from Sunnylands to rebroadcast Rock 93.7 KCLB Coachella and will lease back 1270 after the exchange closes. 95.5 KCLZ is technically part of the Victor Valley market allowing Morris to not lose any of its grandfathered holdings following a sale. Family Stations is continuing to prune off some of its non-core assets. 1210 KEBR Rocklin/Sacramento, CA goes to Spice Radio, Inc. for $600,000. Principles in Spice Radio are in the process of...Read More

Mount Wilson FM Acquires KIDD Monterey

At the end of 2014, Buckley Radio turned off “ESPN 630” KIDD Monterey, CA with the station’s towers subsequently knocked down. KIDD will receive a new lease on life as Buckley has sold the license for the station to Mount Wilson FM Broadcasters for $50,000 completing the exit of Buckley from station ownership. Mount Wilson will be need to file for a new transmission facility for KIDD before bringing it back on-air, which both groups will work together to get an STA filed within the next thirty days. The $50,000 purchase price includes a two year non-compete against the Buckley principles. KIDD will join a Mount Wilson cluster that includes Classical “K-Mozart” 95.1 K236BK/95.9 KMZT-FM, “Z Country 97.9/106.7” KYZZ/K294CA, Classic Hits “Q103.9 ...Read More

Port Broadcasting To LMA WXEX AM/FM

Pete Falconi and Carl Strube’s Port Broadcasting will begin operating Aruba Capital Holdings’ Classic Hits 1540 WXEX Exeter, NH/92.1 WXEX-FM Sanford, ME via LMA effective immediately. The WXEX combo will join Port Broadcasting’s 1450 WNBP/106.1 W291CC Newburyport, MA and 1220 WWSF/102.3 W272CG Sanford, ME in creating full coverage of the New England coast from the Massachusetts/New Hampshire border up to just south of Portland. Port Broadcasting, LLC of Newburyport, MA announced today that it has entered into a Local Marketing Agreement with Aruba Capital Holdings, LLC of Exeter, NH to operate their two radio stations in Exeter, NH and Sanford, ME. Aruba Capital owns WXEX AM & FM. Port Broadcasting will now handle the programming and advertising sales for those two s...Read More

Station Sales Week Of April 10

Roger and Nancy Anderson’s Southwest Media is converting its LMA of CHR “Hits 106” KFSZ Munds Park/Flagstaff, AZ from LKCM Radio Group into a purchase for $491,000. Operating as Great Circle Media, the buyers own five other stations in the Flagstaff market. Mark Jorgenson’s ACM Dallas is purchasing 700 KHSE Wylie and 990 KFCD Farmersville, TX in the Dallas/Fort Worth market from Barnard Dallas for $475,000. Jorgenson also is adding James Crystal Radio’s 1480 KBXD Dallas to his holdings in the market as part of his $5.5 million purchase of that company’s stations out of bankruptcy. He began operating KHSE and KFCD via LMA at the beginning of March. Vail Radio Partners sells AAA “104.7 The Mile” KKVM Vail, CO to AlwaysMountainTime for $299,250....Read More

James Crystal Bankruptcy Update

Update 4/7: Jorgenson is paying $5.5 million for the four James Crystal Radio stations. He began operating them via LMA on March 3. Update 4/4: It had been fairly quiet since the auction of the four James Crystal Radio stations took place on March 2. Now we know via Tom Taylor Now that the credit bid by Atalaya Capital was the only bid for the stations, which will soon be transferred to a new group headed by auction broker Mark Jorgenson. The new group is currently operating Sports 640 WMEN Royal Palm Beach, News/Talk 850 WFTL West Palm Beach, Brokered Brazillian 1400 WFLL Fort Lauderdale, and Brokered Christian 1480 KBXD Dallas via LMA. However WMEN and WFTL will have some services including Sales handled by Digity Media’s Palm Beach Broadcasting. Digity currently owns four FM’...Read More

Saga Acquires Harrisonburg Cluster

Saga Communications has agreed to purchase VerStandig Broadcasting’s five stations and one translator in Harrisonburg, VA market for an undisclosed amount. The five stations are AC “Fresh 96.1” WJDV Broadway, CHR “Q101” 100.7 WQPO Harrisonburg, Rock “105.1 Bob” WTGD Bridgewater, News/Talk 550 WSVA/92.1 W221CF Harrisonburg, and Sports “ESPN 1360” WHBG Harrisonburg. VerStandig retains its four station in the Hagerstown, MD market. For Saga the Harrisonburg cluster becomes its third in Virginia joining Norfolk and adjacent Charlottesville holdings. Saga Communications, Inc. (NYSE MKT: SGA) announced today that it has entered into an agreement to purchase the assets of WSVA-AM, WHBG-AM, WQPO-FM, WJDV-FM, and WTGD-FM from the VerStandig fami...Read More

Leighton Acquires Ten In Minnesota

Leighton Enterprises is purchasing ten stations in two Minnesota markets from Jerry Papenfuss for $9.5 million. The stations are located in the Fergus Falls/Perham, and Winona markets and operate under the KAGE, Inc., and Result Radio, Inc. names. The acquisitions will nearly double Leighton’s current radio holdings which consists of twelve stations in Grand Forks, ND and Detroit Lakes and St. Cloud, MN. The stations involved in the deal are: Fergus Falls/Perham: Country “KJ 96.5” KJJK-FM, AC “Lakes 99.5” KPRW, Rock “Z103.3” KZCR Sports “The Game 1020” KJJK, and News/Talk/Farm 1250 KBRF. Winona: CHR “KG 95.3” KAGE-FM, Country 99.3 KWNO, AC “Soft Rock 101.1” KHME, Conservative Talk 1230 KWNO, and Classic Country &...Read More

Station Sales Week Of 4/3

Brian Walsh is purchasing “Oldies 101.1” WMYQ South Whitley, IN from the estate of Christopher Larko for $222,000. Walsh began operating the station via Time Brokerage Agreement in March when he moved the programming to WMYQ from 98.3 WIOE-LP Warsaw. The LPFM in now silent as it prepares to move to 93.9 with new WLQZ-LP call letters. Cantroair Communications is trading 102.9 W275AB Elmira, NY to GEOS Communications for 99.9 W260AN Troy, PA. WHGL will continue to rebroadcast Cantroair’s Country “Wiggle 100” WHGL-FM Canton, PA/Elmira, while W260AN will rebroadcast Cantroair’s Oldies 1310 WTZN Troy. Dennis Jackson sells 103.7 W279CI Georgetown, CT to Berkshire Broadcasting for $250,000. W279CI will rebroadcast Berkshire’s 98.3 WDAQ Danbury and holds a...Read More

Station Sales Week Of 3/26

Catholic Radio Network sells Silent 1570 KPIO Loveland/Denver, CO to Loveland Radio Partners for $10 and the cancellation of $569,000 worth of debt related to the 2009 acquisition of KPIO. Catholic Radio Network moved their programming to 1060 KRCN Longmont earlier this year. Youngers Colorado Broadcasting is swapping Silent 99.3 KPCR Fowler/Pueblo, CO to Way Media for the CP for 93.9 K230BO Westcreek, CO. Youngers will then sell K230BO to Mountain Community Translators for $25,000. Lamb of God Communications sells Catholic 91.7 WLGO Ashtabula, OH to the Moody Bible Institute of Chicago for $160,000. Mountain View Broadcast LLC is converting its Time Brokerage Agreement of “China Radio International” 1060 KDYL South Salt Lake, UT to a purchase as it pays Holiday Broadcasting Co...Read More

Alpha Media Acquires Lubbock Cluster

The sale of Wilks Broadcasting’s Lubbock stations to Alpha Media has been filed with the FCC showing the purchase price to be $23 million. Original Report 3/17: Alpha Media has acquired Wilks Broadcasting’s four stations in Lubbock, TX for an undisclosed amount. The four stations included in the deal are: Country 96.3 KLLL-FM Lubbock, Hot AC “Mix 100.3” KMMX Tahoma, Classic Rock “Rock 101.1” KONE Lubbock, and Rhythmic CHR “104.9 The Beat” KBTE Tulia. The sale continues Wilks slow sell-off of its radio holdings as it has divested its stations in Fresno and Kansas City, and one of its Reno stations in the past year. The company still retains nine stations in Columbus, Denver and Reno. Alpha continues its buying spree and may not be done yet. A ...Read More

Elroy Smith Walks Away From Chicago Translator Purchase; Named Summit Media Greenville OM

The deal that was to be the single highest price paid for a single FM translator will not come to pass. Elroy Smith’s Integrity Radio Communications is walking away from its $4.6 million purchase of 100.7 W264BF Englewood, IL from CSN International. Smith instead will head to Greenville, SC where he has been named Operations Manager for SummitMedia’s four stations. Smith had agreed to purchase W264BF in July 2014. It is currently licensed with 2 watts at 442.2 meters from the top of the Willis Center with a Construction Permit to increase to 10 watts (Coverage Map) that has been held up by objections by Digity Media’s “Q-Rock 100.7” WRXQ Coal City, IL due to interference claims. Smith will join SummitMedia’s Greenville, SC cluster on April 1 where he wil...Read More