After thirteen years in the Aloha Stations Trust to be divested, iHeartMedia is finally parting ways with 80s Hits 104.7 KABQ-FM Bosque Farms/Albuquerque.
Stuart Epperson, Jr. and Nancy Epperson’s Delmarva Educational Association will receive the station via a donation. Delmarva will pay $80,000 to iHeart to reimburse costs in connection to maintenance of the trust and divestiture of the station. Delmarva will also enter a sublease with iHeart to continue operating at its current transmitter site. The station will be required to take on new call letters at closing.
Delmarva Educational Association previously acquired 1430 WKOX Everett/Boston MA via donation from iHeart’s Ocean States Trust in April 2020. Cumulus Media’s Mainstay Station Trust sold Sports “106.5 The Ticket” WTOD Delta/Toledo OH to Delmarva last month for $110,000. Run by the son and wife of Salem Media Group co-founder Stuart Epperson, Delmarva Educational Association owns non-commercial stations in Florida, Georgia, and Virginia plus WKOX. The Epperson’s also hold interest in multiple other operators including Truth Broadcasting Company, Chesapeake-Portsmouth Broadcasting, and Blue Ridge Radio.
The Aloha Stations Trust still has two AMs in the Huntington WV/Ashland KY market and two FMs in Dayton OH to divest.
