Station Sales Week Of 10/17
Greg Jensen’s Hometown Broadcasting of Rochester is acquiring Beautiful Music 97.5 KNXR Rochester, MN. The purchase price is contingent on Minnesota Public Radio agreeing to a lease or allowing the buyer to purchase the seller’s share of Silver Creek Tall Tower Associates, which operates KNXR’s transmission facility. If Jensen acquires the share of the tower site he will pay $1.1 million, if he simply leases the site the sale price drops to $714,910. Hometown Broadcasting also owns Classic Rock “Power 96” KQPR Albert Lea and Classic Country 970 KQAQ Austin, MN.
With the September 2015, LPTV digital conversion date postponed indefinitely, the sale of KZFW-LP Dallas has radio ramifications. Central Park Church of God will purchase KZFW-LP, which has been operating as Regional Mexican “La Mexicana 87.7” for $350,000 from DFW Broadcasting.
Spinlogic Enterprises purchases AAA “Q94.9” KQCB-FM Cannon Beach/Astoria, OR from Calcomm Stations Oregon for $170,000.
Rick Vermillion is selling 49% of Country “99.3 The Rooster” KUNQ Houston, MO to Justin Dixon for $5,000 and a Lincoln Pickup Truck also valued at $5,000.
Scribe Video Center, owners of 88.1 WPEB Philadelphia acquires 95.1 W236CL Millbourne, PA from Denise Choi for $1. The 7 watt W236CL will actually increase the 1 watt WPEB’s coverage in Philadelphia.
Manning Broadcasting is purchasing 102.1 W271BV Hagerstown, MD from Airport Investors for $25,000. Manning has applied to move W271BV to move closer to Hagerstown with 25 watts at 288 meters rebroadcasting 106.9 WWEG Meyersville (Coverage Map).
In addition to purchasing 101.9 WZKZ Alfred, NY this week, Sound Communications has agreed to purchase the CP’s for 106.7 W294BU Corning and 107.1 W296CR Bath, NY from Bilbat Radio for $1,000.
After applying to move 99.1 W256CF Masonville, KY to Owensboro, Way Media is selling it to Townsquare Media for $42,500.
Eternity Records Company purchases 93.3 W227AP Lucedale, MS from Goforth Media for $12,000.