Station Sales Week Of 10/21
Salem Media is converting its LMA of Conservative Talk “860 The Answer” KTRB San Francisco into a $5.125 million purchase from Susan Uecker, the bankruptcy court appointed receiver of Pappas Radio through an East Bay Broadcasting subsidiary. Salem began operating KTRB on July 1 after a previous attempt to sell the station to John Douglas’ US International Radio for $6.5 million in 2015 was cancelled.
Apex Media agrees to purchase Hot AC “i93.7” WALI Walterboro SC from Premiere Enterprises for $325,000. The station has also filed an application to relocate to Burton SC where it will join Apex Media’s Variety Hits “SC103” 103.1 WVSC Port Royal and Classic Hits “104.9 The Surf” WLHH Ridgeland in targeting the Hilton Head market.
Educational Media Foundation purchases 93.5 WLKE Gallitzin/Altoona and 105.1 WLSF Sheffield PA from Radio Partners LLC for $400,000. Both stations already run EMF’s Christian AC “K-Love” programming.
Ted Schober acquires Silent 850 WKGE Johnstown PA from Birach Broadcasting for $25,000.
Morcom Broadcasting purchases Silent KTUG Hudson WY from Higher Calling Communications for $60,100 with an immediate LMA. KTUG previously featured Christian AC as “Ledge 105.1“.
Edwin Brand will increase his 33% stake in Honey Creek Broadcasting’s Oldies 105.3 KEDB Chariton IA to 66%, while Frederick and Carolyn Jenkins will cut their share from 33% each to 33% combined. Concurrently the Jenkins will increase their stake in KMGO Inc., owners of AC 1400 KCOG and Country 98.7 KMGO Centerville IA from 10% each to 40% each by purchasing Emil Richard Calzascia’s stake for $285,000. Brand holds the other 20% of KMGO Inc.
Gateway Radio Work acquires Christian 980 WGWM London KY from WGWM Broadcasting for $5,000.
Entercom agreed to acquire Beasley’s required Charlotte NC spinoffs from the Greater Media acquisition: News/Talk 1110 WBT Charlotte/99.3 WBT-FM Chester SC and Hot AC “107.9 The Link” WLNK Charlotte as well as Beasley’s Sports “610 The Fan” WFNZ/102.5 W273DA Charlotte for $24 million.
LHTC Media acquired purchased Spectrum Radio Fairmont’s four station cluster in the Morgantown WV market for $700,000 (or $650K if revenue doesn’t reach $700,000 for the year).