Grant County Broadcasting Purchases 105.9 WNKN Cincinnati
Update:WVXU’s John Kiesewetter now updates stating that no agreement to keep the AAA format is included in the deal to acquire WNKN.
Grant County Broadcasting head Jeff Ziesmann told Kiesewetter, “Very early on in negotiations, we discussed keeping the format provided NKU would finance the purchase of the station. It quickly rejected the proposal.”
Original Report 7:30pm: Following the sale of AAA 89.7 WNKU Highland Heights KY/Cincinnati OH to Bible Broadcasting and 104.1 WNKE New Boston OH to Educational Media Foundation in February, Northern Kentucky University has found a buyer for the third station in its former network.
Grant County Broadcasting, owners of Classic Country 106.7 WNKR Williamstown KY, will purchase 105.9 WNKN Middletown OH for $4 million cash and $1.3 million in advertising. As part of the deal, John Kiesewetter reports that the buyer agrees to keep a AAA format on the station for one year after closing. WNKN, which covers the Cincinnati and Dayton markets, will revert to a commercial license and operation. Louisville Public Media had stated in early May that their offer of $3.5 million in cash and $1.5 million in services for WNKN had been rejected.
Northern Kentucky University had purchased then Country 105.9 WPFB-FM along with 910 WPFB Middletown and 104.1 WPAY-FM New Boston OH from WPAY/WPFB Inc. in 2011 for $6.75 million.