Bonneville Sells Phoenix AM To Cesar Chavez Foundation
Bonneville has sold 860 KMVP Phoenix to Cesar Chavez Foundation’s Farmworker Educational Radio Network, Inc. for $800,000.
The foundation currently owns shared-time 88.3 KNAI Phoenix, which operates from 5:00am to 7:30pm daily as part of its Regional Mexican “La Campesina” network. The acquisition of KMVP follows a consent decree with the FCC last year to swap its Visalia CA market station for a commercial frequency for airing commercials on a non-commercial license. This sale now gives the group a commercial allocation in Phoenix. Is a sale of its part of 88.3 or swap for a translator the next play to make the group legal in Phoenix?
860 KMVP had been airing a brokered Gospel format in recent years. A new LMA with the buyer will start in April.
This is to announce that a contract has been signed and an application is being filed with the FCC for the transfer of radio station KMVP-AM, Phoenix, Arizona from Bonneville International Corporation to Farmworker Educational Radio Network, Inc.
The Seller, Bonneville International Corporation is a Utah corporation. Bonneville also owns radio stations in Denver, Phoenix, Salt Lake City, and Seattle, along with TV and newspaper in Salt Lake City.
The Buyer, Farmworker Educational Radio Network, Inc. is a California corporation that owns and operates stations in Arizona, California, Nevada, and Washington.
KMVP-AM operates at 860 kHz, with 0.940kW day; 1.0kW night. KALIL & CO., INC. is the exclusive broker for this transaction.