Station Sales Week Of 4/24

Station Sales

Radio Station Translator Sale Assignment Juan 102.9 KLBU Lobo 94.7 KKIM-FM Santa FeAmerican General Media and Hutton Broadcasting are swapping signals in the Santa Fe, NM market. Hutton will send Spanish Adult Hits “Juan 102.9” KLBU Pecos to AGM for “Radio Lobo” 94.7 KKIM-FM Santa Fe, which currently simulcasts 97.7 KLVO Belen/Albuquerque. The deal gives Hutton a much more powerful signal in Santa Fe as 94.7 KKIM-FM is a 100kW Class C1, however the deal may also help American General Media in the adjacent Albuquerque market as the 3.7kW Class C3 signal of KLBU is on the same channel as AGM’s Albuquerque translator 102.9 K275AO. That signal currently rebroadcasts 840 KARS Belen, NM as Alternative “Area 102.9“. Owning KLBU should allow AGM flexibility in upgrading K275AO’s signal.

Davis Broadcasting of Atlanta is transferring its three stations to creditor Jay Meyers’ ACM Atlanta V LLC for forgiveness of its $9 million loan due. ACM will take control of Spanish CHR “Mega 1290” WCHK Canton and Regional Mexican simulcast “La Raza” 100.1 WNSY Talking Rock/102.3 WLKQ-FM Buford on June 1 via LMA unless Davis pays off the loan by May 31 canceling the sale.

John Morrison’s K-Zone Media is purchasing Central Broadcasting’s News/Talk 1280 WPKZ/105.3 W287BT Fitchburg, MA for $700,000. Morrison is the owner of a local summer collegiate baseball team.

Pikes Peak Television is converting its Time Brokerage of Optima Communications’ News/Talk 105.5 KRDO-FM Security/Colorado Springs into an outright purchase. Pikes Peak will pay $2.5 million for the station it has operated since 1992. The buyer also owns 1240 KRDO and “Newschannel 13” KRDO-TV in the market.

D&H Broadcasting purchases Cherry Creek Radio’s News/Talk “1490 The Owl” and Hot AC “93.9 The Lake” KRLT South Lake Tahoe, CA for $650,000.

Hodges Media acquires Regional Mexican “La Raza 1340” WKGN Knoxville, TN from Ricardo Espinosa and Norsan Consulting for $225,000.

Alaska Integrated Media sells News/Talk 1020 KVNT Eagle River/Anchorage, AK to Christian Broadcasting for $260,500. The buyer owns Christian AC 93.7 KAFC, two non commercial FMs, and three translators in the Anchorage market.

Resonate Hawaii purchases Silent 106.9 KWYI Kawaihae, HI from the estate of Colin Naito for $135,000.

Murray Grey Broadcasting sells Variety Hits “Sam 102.3” KVUW Wendover, NV to Alexandra Ortega for $150,000.

Keystone Broadcasting purchases AC “Mix 96.1” KZRC Bennington, OK from North Texas Radio Group for $174,600. The buyer had already been operating KZRC via Time Brokerage Agreement and owns three other stations in Southern Oklahoma.

Delmarva Educational Association acquires 91.3 WATY Folkston, GA from Georgia Public Broadcasting for $45,000. WATY holds a CP to increase from a Class A to C3 from a new tower site in Kingsland, GA right near the Florida border on I-95.

Translator Sales

In a series of deals, Vic Michael’s Mountain Community Translators is adding five Colorado translators from Educational Communications of Colorado Springs.

The Construction Permit for 92.9 K225BS Longmont, CO is acquired in exchange for a ten year tower lease on Milner Mountain in Larimer County, CO. The CP for 100.7 K264BO Granby comes in exchange for a ten year tower lease on Mount Princeton in Chaffee County, CO. Both leases can be extended for an additional decade at $100 per month. A third deal between the two parties will see MCT purchase the CPs for 98.1 K251BT Breckenridge, 99.5 K258CJ Oak Creek, and 101.1 K266BP Craig for $30,000.

Cornerstone Community Radio sells the CP for 92.1 W221CY Normal/Bloomington, IL to Zimmer’s Pilot Media for $40,000. Zimmer will rebroadcast sister 107.7 WIBL Fairbury on the translator.

Townsquare Media acquires 106.5 W293CT Moose Lake, MN from Refuge Media Group for $55,000. As part of the deal, Townsquare will apply to relocate the translator to the Duluth tower of 107.7 KBMX Proctor where it will operate with 99 watts rebroadcasting Sports “ESPN 560” WEBC Duluth.

Airport Investors sells the CPs for 92.9 W225CF Denver, PA, 94.3 W232CL Roxana, DE and 99.9 W260CJ Sarasota, FL to Barry Magrill’s American FM Associates for $30,000.

In a rare divestiture, Educational Media Foundation sells 103.3 W277AO Green Meadows, OH to Bradlee J. Beer for $42,500. Beer will rebroadcast his “98.7 Soul Of Dayton” on W277AO via Cox’ Cox’ 99.1 WHKO-HD3.

Richmond Christian Radio acquires 102.7 W274AB Petersburg, VA from Positive Alternative Radio for $75,000. W274AB already has a CP to relocate to the tower of RCR’s 1290 WDZY Colonial Heights, which it will rebroadcast.

Western North Carolina Public Radio sells 95.3 W237EE Flat Rock, NC to Timeless Media for $50,000 to rebroadcast their Oldies 1600 WTZQ Hendersonville.

Kevin Dowdy’s Flint Media is exercising its option to purchase Edgewater Broadcasting’s 99.3 W257BS Bainbridge, GA for $1. Flint constructed the translator and has been operating it to rebroadcast Oldies 930 WMGR Bainbridge.

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