Simmons Media is acquiring the three stations and two translators in Missoula, MT owned by Spanish Peaks Broadcasting. AAA “Trail 103.3” KDTR Florence, Hot AC “U104.5” KKVU Stevensville, Variety Hits “105.9 Jack-FM” KYJK Missoula, “ESPN Montana” 102.9 K275BS Missoula/KKVU-HD4 and 105.3 K287AW Hamilton will be transferred to Simmons affiliate Missoula Broadcasting for the absolution of loans owed by Spanish Peaks to Simmons. Simmons will begin operating via Time Brokerage Agreement on December 1. Simmons had operated the stations via LMA with option to buy from 2005 until 2010, but had not exercised their option due to the recession. Spanish Peaks operator Kevin Terry will continue to own stations in Great Falls and Helena via his Montana Radi...Read More
A fairly quiet week on the sales front. Wilks Broadcasting Sells Their Three Fresno Stations To One Putt Broadcasting Hubbard Acquires 16 Minnesota Stations From Omni Broadcasting Chaparral Broadcasting sells Classic Hits “Mojo 92.5” KBXI Park City/Billings, MT to Kurtis Anthony Breuning’s Anthony Media for $650,000. Anthony has been operating the station via a Time Brokerage Agreement since February 2010. If within five years of the closing of the sale Anthony sells the station, Chaparral will receive 20% of the proceeds exceeding the original $650,000 purchase price. Should Anthony enter into an LMA, JSA, TBA, or similar agreement with a third party, Chaparral will receive $70,000. Inspirational Deliverance Center sells Gospel 1340 WADE Wadesboro, NC to New Life Communi...Read More
Update 11/14: Hubbard will pay $8 million for the Omni Broadcasting stations. Original Report 11/13: Hubbard Broadcasting has announced the acquisition of the sixteen stations in Northern and Central Minnesota currently owned by Lou Buron and Mary Campbell’s Omni Broadcasting. Also known as Paul Bunyan Broadcasting, the stations involved in the purchase are located in the Alexandria, Brainerd, Bemidji, and Wadena markets in Minnesota. The stations are: Alexandria: Oldies “Cool 94.3” KULO Alexandria and Country “100.7 Kik-FM” KIKV Saux Center Brainerd: Country “B93.3” KBLB Nisswa, Oldies “Cool 103.5” KUAL-FM Brainerd, AC 106.7 WJJY-FM Brainerd, Classic Rock “107.5 The Power Loon” KLIZ-FM Brainerd, Business 1340 KVBR Brainerd,...Read More
Station Sales 4-K’s LLLP is converting their lease of 1550 KDCO/94.1 K231BQ Golden, CO for “Mile High Sports Radio” into an outright buy. Vic Michael’s Advanced Modulation Broadcasting will receive $550,000 for the station and translator. Bristol Broadcasting is acquiring Silent 1350 WNVA and 106.3 WNVA-FM Norton, VA from Radio Wise, Inc. for $35,000. The stations have been off the air due financial and health hardships of the owners. The equipment and studio/transmitter sites of both stations were sold at public auction. Bristol intends to apply to relocate WNVA-FM to a new location within 90 days in order to expedite its return to the air. North Face Broadcasting is trading Classic Hits “106.5 The Fox” KCIJ Atlanta, LA to Educational Media Foundation f...Read More
Adelante Media Group is selling its two Boise area stations to Kevin Terry’s JLD Media for $850,000. JLD will begin operating Regional Mexican “101.9 La Gran D” KDBI Emmett and Spanish CHR “Latino 106.3” KQTA Homedale, ID via LMA on December 1. Kevin Terry owns ten stations and ten translators in Montana operating as Montana Radio Company. Adelante Media has now sold off fifteen of its radio stations and one of its television stations in the past six weeks. Lazer Broadcasting acquired its Sacramento and Modesto stations for $2.9 million, while Bustos Media purchased its nine Washington state stations for $6 million. Adelante Media still has clusters of 1 FM and 1 TV in Milwaukee and 1 AM, 2 FMs, and 1 TV in Salt Lake City.
Radio Disney has sold off the first of its pending 23 divestitures as it sells 1590 KMIC Houston to DAIJ Media for $3.2 million. The buyer, headed by Rafael and Ruben Villarreal, owns four other AMs and one FM translator in the Houston market: 880 KJOZ Conroe, 980 KQUE Rosenburg, 1380 KRCM Shenandoah, and 1460 KBRZ/95.1 K236AR Missouri City. DAIJ Media also owns three LPTV’s, while the Villarreal brothers are also the principal owners of five non-commercial FM’s under the Aleluya Broadcasting Network umbrella.
Cherry Creek Radio is making changes to its Helena, MT cluster. On Wednesday, November 5, News/Talk simulcast 1240 KBLL Helena and 1340 KCAP Helena will go dark. To take their places Cherry Creek has agreed to purchase Standards “Classy 950” KMTX/96.3 K242BB Helena from Montana Radio Company. The KCAP call letters and the News/Talk format will move to 950/96.3. Following the sale Montana Radio Company will still have four FM’s in the Helena market, while Cherry Creek Radio will have one AM and four FM’s.
Update 11/4: Just one month after its launch, “105.5 The Whale” is no more as Flagler Broadcasting began operating the station via Time Brokerage Agreement ahead of its purchase on November 1. Now simply identifying by its frequency with a streamlined Classic Hits format, it appears as though the station will eventually relaunch as “Beach 105.5” duplicating the format at soon to be sister Variety Hits “Beach 92.7” WBHQ Beverly Beach. Flagler Broadcasting registered Beach1055.com on 10/24 and a Facebook page is already live for the new station. Original Report 10/24: David Mitchell’s Air Augustine has sold 105.5 WALE St. Augustine Beach, FL just months after acquiring the station and weeks after launching a new format. In June, Air Augustine purchas...Read More
The University of Missouri has announced it is acquiring 90.5 KWWC-FM Columbia, MO from Stephens College for $50,000 and an additional $50,000 in underwriting. KWWC-FM will become the University of Missouri’s second station in Columbia joining Public Talk/Classical 91.3 KBIA. Upon closing of the sale, Missouri plans to move the Classical music programming to 90.5. At that time KBIA will air Public News/Talk programming from 4am to 7pm daily and Classical music at night. Stephens College will keep the Variety programming of KWWC-FM alive via the internet following the sale. KWWC-FM operates with 1.25kW at 40 meters covering much of Columbia proper.
West Virginia Radio Corporation is purchasing Prettyman Broadcasting’s three stations in the Hagerstown, MD/Martinsburg, WV market. The stations involved are Classic Country “95.9 The Big Dawg” WICL Williamsport MD, AC 97.5 WLTF Martinsburg, and Sports “ESPN 1340” WEPM Martinsburg. No purchase price has been announced but WVRC will assume control of the stations via LMA on November 1. The Morgantown based West Virginia Radio Corporation is owned by Greer Industries and owns clusters in Beckley, Charleston, Elkins, Morgantown, WV and Cumberland, MD. Andrew Powaski, Market Manager for the company’s Morgantown and Cumberland stations, will add the new acquisitions to his duties.
Station Sales Chesapeake-Portsmouth Broadcasting is acquiring Gospel 1600 WCPK Chesapeake, VA from Christian Broadcasting of Chesapeake in exchange for building out the seller’s 1400 WPCE Portsmouth and a one year free lease for that station’s antenna. Following the first year, WPCE will pay a lease price starting at $600 a month with a 5% annual increase for 15 years. Chesapeake-Portsmouth has been operating 1600 WCPK via Time Brokerage Agreement since January. Following the sale it will join a local cluster including Christian Preaching 1010 WPMH Portsmouth, Gospel “The Light 1270” WTJZ Newport News, and Conservative Talk “1650 The Answer” WHKT Portsmouth. The Estate of Albert Pereira is selling “NBC Sports 620” KIGS Hanford/Visalia, CA to ...Read More
Three of Kerby Confer and Donald Alt’s broadcast holding companies are merging. Forever of PA, LLC, Keymarket Licenses, and Forever Broadcasting LLC will merge into FM Radio Licenses, LLC. The combined company will own 45 stations and 1 translator in Pennsylvania, Ohio, and West Virginia including Forever’s stations in Altoona, Johnstown, Meadville/Franklin, New Castle, State College and Keymarket’s stations in Pittsburgh and Uniontown, PA and Wheeling, WV. The FCC filing states estate planning as the reason for the merger. Following the closing of the transaction on December 31, ownership of FM Radio Licenses will be split as such: 34% – Judy Alt Irrevocable Trust (Donald Alt, Trustee) 22% – Kerby Confer Granted Annuity Trust (Kerby Confer, Trustee) 18% ̵...Read More