Station Sales Week Of 8/17
Stephen Brown Jr. is converting his Time Brokerage Agreement for Country “Coyote 93.9” KOTE Eureka KS from Larry Cook’s Business Service Management into an acquisition for $125,000. Brown began operating the station in April at which time the “Coyote” brand was launched.
After working at Christian Preaching 1360 WNAH Nashville for 56 years, Station Manager Hoyt Carter will purchase the station from Jo Ann Irwin’s Hermitage Broadcasting for $500 in lieu of the 10% of the proceeds from the sale of the station’s real estate including its office building on Music Square he was set to receive as part of his employment agreement.
Media One Group is expanding in Jamestown NY as it acquires Cross County Communications’ Talk/Sports “95.3 The Lake” WLKW-FM Celoron and Hot AC “106.9 Kiss-FM” WKZA Lakewaood NY for $300,000 plus 85% of the Conveyed Accounts Receivable on the closing date. As the company already owns five stations in the Jamestown market, Media One will concurrently donate WLKW-FM to Educational Media Foundation. Cross County Communications is 60% owned by Hall Communications who owns 21 stations across five markets and 40% by Newman Broadcasting, which owns two stations in Lake City FL.
D&Z Radio is acquiring Classic Rock “Power 96.1” KQPR Albert Lea MN from Hometown Broadcasting for $750,000.
West Virginia Schools For Deaf and Blind donates non-commercial Classic Country 104.1 WVSB Romney WV to South Branch Career & Technical Center. As part of the deal the station rebranded this week as “104.1 The Maverick“.
Chisholm Trail Broadcasting is acquiring the Construction Permit for 106.5 Hico TX from Protelse LLC for $12,500.
Reynolds Technical Associates sells 95.5 W238CS Clanton AL to Christopher Johnson’s WKLF LLC for $200,000. The deal also includes the 10 acres of land that houses the transmitter and studios for originating station Gospel 1000 WKLF Clanton.