Station Sales Week Of 2/19
Robert Mahaffey’s KGGF-KUSN Inc. is selling his four Coffeyville KS area stations to SEK Media for $800,000 plus a $100,000 non-compete agreement to the sellers paid over 60 months. SEK Media owned by Kevin, Dorea, Kaleb and Taylor Potter own already own four stations in Bartlesville OK. The four stations being added are News/Talk 690 KGGF Coffeyville, Country “US 98.1” KUSN Dearing, Hot AC “Star 98.9” KQQF Coffeyville and Classic Hits 104.1 KGGF-FM Fredonia KS. Mahaffey will retain his five stations near Rolla MO and four in Stillwater OK.
iHeartMedia’s Brunswick Stations Trust sells Classic Hits “Big 92.7” WMOG St. Simons Island GA to Golden Isles Broadcasting for $225,000. WMOG will join a cluster including Country “104.1 The Wave” WRJY Brunswick and Hot AC “Magic 105.9” WXMK Dock Junction.
Gabrielle Broadcasting purchases Brokered 1580 KFCS Colorado Springs CO from Pilgrim Communications for $250,000. Gabrielle owns former Radio Disney affiliate 1580 KHEP Tempe AZ and could be looking to turn in KFCS’ license to improve that station’s coverage.
Maine Public Broadcasting acquires 91.5 WFYB Freyburg ME from Light of Life Ministries for $37,500.
Beverly Broadcasting sells Classic Hits 960 WQLA La Follett TN to Ronald Meredith’s Clinton Broadcasters for $22,500. Clinton owns 1380 WYSH Clinton and 50% of 96.7 WMYL Halls Crossroads TN.
JWL Communications is dissolving with the assets of Southern Gospel 105.1 WVRY Waverly and 1030 WQSE White Bluff TN being transferred to Duane Jeffrey’s Canaan Communications for no consideration.
Frederic T.C. Brewer IV is selling his stake in Easy Media and its Sports “ESPN Pensacola” 1450 WBSR Pensacola FL to son Dan Brewer for $310,253.
Commonwealth Broadcasting sells 1580 WPKY Princeton KY to Tiger Media for $135,250. As part of the deal Tiger Media also gains Commonwealth’s option to acquire 103.3 W277CK Princeton from Charles Anderson for no consideration.