950 Montgomery

Station Sales Week Of 9/9

Station Sales Radio-One is divesting Brokered Chinese 1090 WILD Boston to Radio Boston Broadcasting for $888,326.16. The $15,000 per month LMA fees that the company has paid since December 2013 will go towards the purchase price. Radio Boston Broadcasting is owned by James Su’s Universal Broadcasting with a 78% stake and John & Greg Douglas’ AIM Broadcasting with a 22% stake. WILD airs programming from China Radio International. Shelby Broadcast Associates is spinning its recently acquired Silent 950 WNZZ and 94.1 W231DF Montgomery AL to Roscoe Miller’s Autaugaville Radio for $215,000. Shelby had just purchased WNZZ from Cumulus’ Joule Broadcasting Trust for $55,000. Spencer Travis Hickman is acquiring a pair of Chattanooga market AMs. Charles Rodgers’ St...[Read More]

Station Sales Week Of 6/10

Station Sales Tim McKernan, who currently operates 920 WGNU Granite City IL and 105.7 KPNT-HD2 Collinville/St. Louis with Sports programming from his InsideSTL.com will become a 25% partner in Markel Radio Group’s “590 The Fan” KFNS Wood River/St. Louis. The ownership will be renamed McKernan Radio Group as Markel will pay McKernan $1.25 million over a five year employment contract to program KFNS and move his “Morning After” show to the station for 7-10am weekdays. McKernan, his wife, and one other employee will receive a car allowance from Markel, while McKernan also gains a $50,000 signing bonus, right of first refusal to match any sale of the station or receive $100,000 prior to the distribution of sale proceeds. McKernan will start his morning show on KFN...[Read More]