Salem Media Group has announced the acquisition of 990 WMYM/98.7 W254DT Kendall/Miami FL from Actualidad Media Group.
Salem will pay $5 million for WMYM and its 30 acre tower site southwest of Miami on the fringes of the Everglades. The station operates with 7.5kW day and 5kW night with directional signal giving it better daytime coverage of most of the Bahamas than Fort Lauderdale. A Time Brokerage Agreement will take effect on Wednesday, November 16.
The deal marks the return of Salem to the Miami market as the company sold its four stations off between 2017 and 2020. The company states it intends to launch a Spanish language Conservative and Family themed format on the signals.
Actualidad Media Group will retain its three other signals in the Miami market in Spanish News/Talk “Actualidad 1040” WURN/103.9 W280FV Miami, Brokered Haitian 1020 WLVJ Boynton Beach, and Spanish AC “Exitos 107.1” WURN-FM Key Largo.
Salem Media Group, Inc. (NASDAQ: SALM) announced today it has entered into an agreement with Actualidad Media Group, LLC to purchase the assets of WMYM AM 990 and its translator on FM 98.7 (W254DT).
Salem Media Executive Chairman Edward Atsinger commented, “Salem is beginning a new chapter in Miami as we expand our conservative and family themed programming to the Spanish-language audience. Miami is an obvious market for this expansion, and we’re excited to add great signals like WMYM AM 990 and FM 98.7 to our portfolio.”
Salem has a long history in Spanish-language broadcasting starting in 1984 in New York City with WNYM AM 1380, which was sold in the late 1980s and remains in the Spanish-language format today. Currently Salem owns Spanish-language radio stations in Dallas – KLTY FM 94.9 HD2 and translator FM 102.5 (Spanish Christian Contemporary Christian Music) and KTNO AM 620 (Spanish Christian Teaching and Talk), in Portland – KRYP FM 93.1 “El Rey” (Regional Mexican), and in Denver – KBJD AM 1650 (Spanish Christian Teaching and Talk).
Actualidad Media Group President, Adib Eden commented, “Actualidad will continue to own and operate our other South Florida stations, WURN AM 1040, translator FM 103.9 ‘Actualidad Radio’ (Spanish News/Talk) and WURN FM 107.1 ‘Exitos’ (Spanish Contemporary Music) and WLVJ AM 1020. We remain committed to our audience, our advertisers, and our community.”
With more than 100 owned and operated radio stations and more than 3,100 network affiliate stations, Salem Media Group reaches over 11 million radio listeners. Salem’s programming includes leading conservative voices of freedom, such as Hugh Hewitt, Mike Gallagher, Dennis Prager, Charlie Kirk, Dr. Sebastian Gorka, Dinesh D’Souza, Brandon Tatum and others. Salem Media’s news and opinion websites, including Townhall.com and Redstate.com, along with its digital apps, average 30 million monthly visits and 80 million monthly page views. Its publishing subsidiaries, including Regnery Publishing, have issued 42 bestsellers in the past 10 years. Salem Media is now proud to add South Florida’s Spanish voices of freedom to this lineup.
The transaction has been filed with the FCC and both parties anticipate closing around the beginning of 2023.
