The acquisition of KVRK has been filed with the FCC. Way Media will pay $2 million for the station and has applied to operate it as a satellite of 88.7 WAYM Spring Hill/Nashville, TN.
Original Report 5/14: Way Media, operator of the “Way FM” Christian AC network has announced the acquisition of Christian Rock “89.7 Power-FM” KVRK Sanger/Dallas, TX from Research Educational Foundation, Inc..
Upon closing of the transaction, Way Media will flip KVRK to its “Way-FM” format and branding. Dallas will become the biggest market for the network, which owns stations in eleven states including the markets of Denver, Louisville, Nashville, Portland, and West Palm Beach. Way Media also syndicates “The Wally Show” and other programming to additional Christian station across the country.
KVRK is a Class C1 signal rimshotting the Dallas/Fort Worth market from its northern suburbs.
Research Educational Foundation, Inc., the nonprofit owner/operator of Christian rock – formatted KVRK 89.7 FM, Dallas has announced that they have entered into an agreement to sell the station to WAY Media. The station signed on the air in 1999. Dallas will be the largest market for Colorado Springs-based WAY-FM, which was founded in the late 1980’s by Bob and Felice Augsburg.
Stan Thomas, President of KVRK, said about the transfer to WAY-FM, “KVRK 89.7 FM is pleased to announce that we will be selling the station to WAY-FM. When our board decided to make a change at the station, we knew that because WAY-FM had long been a leader in Christian music broadcasting, their format would make an excellent addition to the Dallas/Fort Worth market. We welcome Bob Augsburg and his team to Dallas!”
Bob Augsburg stated, “Our 2020 Vision compels us to reach more people and impact more lives for Jesus through our various channels of ministry including FM signals. We are thrilled and honored that the board of KVRK-FM chose WAY-FM to carry on the legacy of ministry which Power FM began in the Metroplex nearly two decades ago. We look forward to introducing the WALLY Show, the Brant Hansen show, Carlos and Joy, Justin Lairsey, and the WAY-FM brand of Uplifting, Upbeat, and Real to the Dallas – Fort Worth area. We also remain committed to continuing our legacy of strong local community involvement with the new station.”