Station Sales Week Of 11/24: iHeart Says Aloha To WBFA Columbus GA
iHeartMedia’s Aloha Stations Trust sells Urban “98.3 The Beat” WBFA Fort Mitchell AL/Columbus GA to RCG Media for $1.1 million. J. Christopher Martin, the sole owner of RCG Media, is the son of PMB Broadcasting (which owns or operates six stations in the Columbus market) co-owner James R. Martin. Both James Martin and partner Lynn Page have put personal guarantees on the loan for WBFA’s purchase but will have no connection to the operation of the station. The younger Martin has worked in sales for PMB since 2009 but will exit that position to operate WBFA.
Roberto Medina seeks to sell his 75% stake in Deportes y Musica Comunicaciones’ Silent 99.5 KRPH Morristown/Wickenburg AZ and “Que Buena 105.7” KQMX Lost Hills/Bakersfield CA to 25% holders SMG-MX LLC for $125,000. The deal will see the two stations held completely by Mexican citizens with Juan Carlos Rodriguez owning 70% and Francisco Gonzalez 30%. Rodriguez is based in Miami where he has served as President of Univision Deportes since 2012.
Cochise Media Licenses donates Silent 103.7 KXMK Outman/Kingman AZ to Good News Radio Broadcasting. Good News owns three commercial AMs and one non-commercial FM in the Tucson market and one AM in Sierra Vista AZ.
Saranac Lake Radio sells Silent 1240 WNBZ Saranac Lake NY to Jonathan Becker and Gregory Gallacher’s North Country Radio for $6,000. The buyers own AC 93.3 WSLP Saranac Lake.
Robert Ingstad will transfer Silent 1380 KQKD Redfield SD to I3G Radio for $25,000. I3G is equally owned by Ingstad and his siblings Todd Ingstad and Tallie Colville. Ingstad bought KQKD and 1560 KKAA Aberdeen from Family Stations in August for $85,000 and then transferred KKAA to I3G Radio earlier this month for $60,000.
After operating Spanish Talk 1320 KRDD Roswell NM since the death of Trinnie Espinoza in 2003, her three grandchildren’s Media Mining Group are transferring the station to their uncle Carlos Espinoza for no consideration.
Candie Sweetser and Tamara Hunt are buying out their additional partners in Luna County Broadcasting Company and its Country 1230 KOTS and AC 94.3 KDEM Deming NM. The duo will pay William Hurt, Avery Hurt, and the combined stake of Lawrence and Kelly Hurt $10,000 each to increase their holdings from 35% each to 50%.