Station Sales Week Of 8/26
Synergy Media is acquiring the new 96.3 WKLA-FM Ludington MI from WGHN Inc. for $30,000 and an immediate LMA. 96.3 immediately assumed the WKLA-FM call letters and Hot AC format from what is now 106.3 WWMN Ludington as that station prepares to complete its move to Thompsonville in the Traverse City market. Concurrently Craig Bowman is transferring 47% of his 48% stake in Synergy to partner Richard Young, while 4% owner Todd Mohr resigns as Chairman/CEO/Chief Engineer. Mohr owns WWMN and 101.5 WMTE Manistee under the Mitten Media name.
iHeartMedia sells Silent 1450 WHNK Parkersburg WV to Fellowship Baptist Church of Vienna WV for $46,500. WHNK has been Silent off and on for the past few years due to lack of tower site availability.
High Plains Radio Network is acquiring “Classic Rock 1260” WGVM and Country 100.7 WDMS Greenville MS from ARK-LA-MS Radio Group for $500,000. The station licenses cost $300,000, while sister company Spearman Land & Development Co. acquires the real estate and tower assets for $200,000.
Educational Media Foundation purchases Christian AC “Promise-FM” 90.5 KADV Modesto CA for $225,000. EMF will flip the station to its Christian AC “K-Love” network as a rebroadcaster of 91.9 KLVR Middletown CA.
Robert Cornman is buying out Clifton Topp’s ownership of Red Desert Communications and its 93.5 KREO James Town WY for $50,000.
The Estate of Joyce Virginia Bownds sells 1110 WUAT Pikeville TN to Vicki Smith’s WUAT LLC for $20,000.