Two months after acquiring YMF Media’s Jackson, MS cluster, L&L Broadcasting has agreed to purchase YMF’s five stations in Columbia, SC for $13 Million. The stations involved are “Rock 93.5” WARQ, Urban AC “The Big DM” 101.3 WWDM, Classic Rock “Fox 102.3” WMFX, Urban “Hot 103.9” WHXT, and News/Talk 1230 WOIC. L&L will begin operating the stations immediately via LMA. Once all its current sales close, YMF will be left with just Urban AC 107.5 WBLS and Gospel 1190 WBLS New York.
Two recent developments have us wondering if Yucaipa Investments and Magic Johnson are winding down their YMF Media holdings. YMF has sold their brokered Chinese 1400 KVTO Berkeley/San Francisco and brokered Vietnamese 1430 KVVN Santa Clara/San Jose to Pham Radio Communication for $6 Million. Earlier this week Tom Taylor reported in his daily Tom Taylor Now newsletter that Larry Wilson’s L&L Broadcasting has signed a letter of intent to acquire YMF’s Columbia, SC and Jackson, MS stations. YMF owns five stations in Columbia and six in Jackson. Those deals would leave YMF with just a pair of stations. Urban AC 107.5 WBLS and Gospel 1190 WLIB New York. YMF Media was formed in 2011 by Ron Burkle’s Yucaipa Companies and Magic Johnson’s Johnson Capital Investment to ...[Read More]