Telesouth will pay $2.5 million for Alpha Media’s Biloxi cluster.
As part of the deal Telesouth will then divest CHR “107.1 The Monkey” WXYK Gulfport to Donald Stewart Davenport’s Port Broadcasting for $300,000. The buyer is the nephew of Telesouth Communications Chairman Stephen Davenport who will operate the station independently of the rest of the cluster.
Original Report 12/13: Alpha Media is selling its Biloxi/Gulfport MS cluster to Jackson MS based Telesouth Communications.
Telesouth owns eighteen stations across the state of Mississippi with twelve stations including 103.1 WOSM Ocean Springs/Biloxi making up the statewide News/Talk “Supertalk Mississippi” network. As part of the deal, Telesouth will acquire Alpha’s Classic Hip-Hop “G96.7” WGBL Gulfport, Rock 97.9 WCPR-FM D’Iberville, Variety Hits “105.9 Bob-FM” WQBB Pascagoula and Sports “103.5 The Champ” 1490 WANG/103.5 W278CE Biloxi and 1640 WTNI Biloxi.
CHR “107.1 The Monkey” WXYK Gulfport will be divested to remain under the ownership cap.
This is to announce that a contract has been signed and an application is being filed with the FCC for the transfer of radio stations WANG-AM, WTNI-AM, WCPR-FM, WGBL-FM, WQBB- FM, and WXYK-FM, all in Biloxi, Mississippi from Alpha Media to TeleSouth Communications, Inc.
The Seller, Alpha Media, is an Oregon-based company that owns 207 stations in 45 markets pending the completion of all announced transactions. Alpha Media CEO/President, Bob Proffitt commented, “We are happy our group of great broadcasters in Biloxi/Gulfport are being sold to a good operator located in the state of Mississippi that is dedicated to live and local. We have a special place for everyone at these stations and wish them the very best.”
The Buyer, TeleSouth Communications, Inc., is a Mississippi-based company headed by Stephen Davenport. In its portfolio of stations, TeleSouth owns or operates 21 stations in 12 different markets and will immediately divest of WXYK-FM in order to meet the FCC rules, which cap station ownership in a single market. TeleSouth will be acquiring the following stations from Alpha Media:
WANG-AM operates at 1490 kHz, with 1.0 kW day and 1.0 kW night. WTNI-AM operates at 1640 kHz, with 10.0 kW day and 1.0 kW night. WCPR-FM operates at 97.9 MHz, with 50 kW at 466’ HAAT. WGBL-FM operates at 96.7 MHz, with 4.3 kW at 390’ HAAT. WQBB-FM operates at 105.9 MHz, with 25.0 kW at 312’ HAAT. WXYK-FM operates at 107.1 MHz, with 2.8 kW at 400’ HAAT.
KALIL & CO., INC. is the exclusive broker for this transaction.
