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Station Sales Week Of 6/23: Sinclair Purchases KOMO-FM

Lance Ventaby Lance Venta
June 23, 2017

97.7 KOMO News 1000 KOMO-FM SeattleSinclair Broadcasting is exercising its option to purchase 97.7 KOMO-FM Oakville and 97.7 K249DX Redmond WA from South Sound Broadcasting for $6.75 million. Sinclair and predecessor Fisher Broadcasting have operated KOMO-FM since May 2009 via LMA as a simulcast of News 1000 KOMO Seattle.

Hunt Broadcasting sells AAA “105.9 The Wave” KYSJ Coos Bay OR back to former owner Lighthouse Radio Group for $5,000 and the cancellation of all debts and financial obligations owed by Hunt to Lighthouse for the original purchase and studio and tower rental. Lighthouse, which also owns Christian “98.7 K-Light” KYTT Coos Bay, sold KYSJ to Hunt in 2015 for $135,000. John Hunt took KYSJ silent earlier this month due to his failing health.

Educational Media Foundation is swapping 97.9 KARW Salinas CA to Prunedale Educational Foundation for 89.7 KLVM Prunedale/Salinas and its five translators: 89.1 K206CC Lockwood, 89.5 K208CW Monterey, 91.9 K220BV San Jose, 95.5 K238AH King City, and 105.9 K290CJ Soledad. KLVM will continue to air EMF’s “K-Love” Christian AC network, while KARW will drop Christian CHR “Air 1” and return to commercial operation. EMF acquired then 97.9 KYZZ from Mount Wilson FM Broadcasters in June 2016 for $1.25 million. EMF would later acquire 88.9 KUSP Santa Cruz for $605,000.

Magnum Broadcasting, which owns a cluster of stations in State College PA, is expanding to the Florida Keys with the purchase of Silent 105.7 WGAY Sugarloaf Key/Key West from Jhonson Napoleon’s WGAY LLC for $150,000.

Sister Sherry Lynn Foundation sells 88.7 KFXH Marlow, 90.5 KFXU Chickasha, and 90.7 KFXT Sulphur OK to Houston Christian Broadcasters for $250,000.

Latinos Broadcasting Inc. purchases 97.9 K250BA Slidell/New Orleans LA for $220,000. Latinos intends to rebroadcast an HD subchannel of iHeartMedia’s 104.1 KVDU Houma.

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Lance Venta

Lance Venta

Lance Venta is the founder and publisher of RadioInsight.com. Lance has been covering the radio industry since founding the first radio industry discussion forums in the mid 1990s. He also advises and builds content strategies and web platforms for stations and programs across America.

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Comments 1

  1. isfp's avatar isfp says:
    9 years ago

    The fcc sales application for 97.9 KARW Salinas CA says EMF will lease it back for $17,000 a month to continue to broadcast Air1 not drop it. Strange they will convert it to commercial. And for 89.7 KLVM Prunedale/Salinas the main study waiver says if will carry Spanish Religious
    Radio Nueva Vida not K-Love.

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Station Sales Week Of 6/23: Sinclair Purchases KOMO-FM

Lance Ventaby Lance Venta
June 23, 2017

97.7 KOMO News 1000 KOMO-FM SeattleSinclair Broadcasting is exercising its option to purchase 97.7 KOMO-FM Oakville and 97.7 K249DX Redmond WA from South Sound Broadcasting for $6.75 million. Sinclair and predecessor Fisher Broadcasting have operated KOMO-FM since May 2009 via LMA as a simulcast of News 1000 KOMO Seattle.

Hunt Broadcasting sells AAA “105.9 The Wave” KYSJ Coos Bay OR back to former owner Lighthouse Radio Group for $5,000 and the cancellation of all debts and financial obligations owed by Hunt to Lighthouse for the original purchase and studio and tower rental. Lighthouse, which also owns Christian “98.7 K-Light” KYTT Coos Bay, sold KYSJ to Hunt in 2015 for $135,000. John Hunt took KYSJ silent earlier this month due to his failing health.

Educational Media Foundation is swapping 97.9 KARW Salinas CA to Prunedale Educational Foundation for 89.7 KLVM Prunedale/Salinas and its five translators: 89.1 K206CC Lockwood, 89.5 K208CW Monterey, 91.9 K220BV San Jose, 95.5 K238AH King City, and 105.9 K290CJ Soledad. KLVM will continue to air EMF’s “K-Love” Christian AC network, while KARW will drop Christian CHR “Air 1” and return to commercial operation. EMF acquired then 97.9 KYZZ from Mount Wilson FM Broadcasters in June 2016 for $1.25 million. EMF would later acquire 88.9 KUSP Santa Cruz for $605,000.

Magnum Broadcasting, which owns a cluster of stations in State College PA, is expanding to the Florida Keys with the purchase of Silent 105.7 WGAY Sugarloaf Key/Key West from Jhonson Napoleon’s WGAY LLC for $150,000.

Sister Sherry Lynn Foundation sells 88.7 KFXH Marlow, 90.5 KFXU Chickasha, and 90.7 KFXT Sulphur OK to Houston Christian Broadcasters for $250,000.

Latinos Broadcasting Inc. purchases 97.9 K250BA Slidell/New Orleans LA for $220,000. Latinos intends to rebroadcast an HD subchannel of iHeartMedia’s 104.1 KVDU Houma.

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Lance Venta

Lance Venta

Lance Venta is the founder and publisher of RadioInsight.com. Lance has been covering the radio industry since founding the first radio industry discussion forums in the mid 1990s. He also advises and builds content strategies and web platforms for stations and programs across America.

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Comments

Comments 1

  1. isfp's avatar isfp says:
    9 years ago

    The fcc sales application for 97.9 KARW Salinas CA says EMF will lease it back for $17,000 a month to continue to broadcast Air1 not drop it. Strange they will convert it to commercial. And for 89.7 KLVM Prunedale/Salinas the main study waiver says if will carry Spanish Religious
    Radio Nueva Vida not K-Love.

    Loading...
    Reply

Leave a ReplyCancel reply

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