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Deal Digest

Deal Digest for the week of January 9, 2014



S  A  L  E  S

 

Raleigh-Durham, NC

Don Curtis files to buy back oldies “Kix 102.9” WKIX-FM from son-in-law Billy McClatchey for $1.229 million.  The deal includes the Louisburg, NC-licensed translator W254AS at 98.7 FM.  Curtis previously handed-off WKIX-FM to McClatchey in 2009 as part of some three-way deal-making with Capitol Broadcasting.  Curtis Media Group already owns eight stations in the Raleigh-Durham market so to meet ownership limits Curtis will spin-off CHR “Pulse 102” WWPL to Triangle Marketing Associates for $1.5 million.   Triangle is a company that is controlled by his daughter Donna McClatchey.   Curtis Media Group will operate WWPL under a local marketing agreement after closing. 

 

Indianapolis

Radio One buys the Greenfield, IN-licensed translator W275BD at 102.9 FM from Marty Hensley’s Indiana Community Radio for $275,000.  Radio One plans to simulcast gospel “1310 The Light” WTLC on the signal.  Broker: Ed Roehling

 

PatrickTennessee

Chuck Koblentz’s Jukebox Media files a $200,000 deal to buy hot AC WMBZ, Waynesboro, TN (100.7) from Flinn Broadcasting.  Jukebox Media already owns “Big Oldies 930” WWON in Waynesboro.

 

Tucson

Educational Media Foundation sells Christian CHR “Air 1” station KAIC (88.9) to Calvary Chapel of Tucson for $75,000.   EMF still clears its contemporary Christian “K-Love” network on Good News Radio Broadcasting’s KLTU (88.1) in Tucson.

 

Florida Keys

Salvation Poem Foundation files to buy a construction permit for a new Islamorada-licensed Class C2 signal license at 90.5 FM.  It will pay seller Cultural Renewal Radio $75,000 for the frequency.  Salvation Poem Foundation still owns two contemporary Christian “Prayz Network” stations in the La Crosse, WI market.

 

Pennsylvania

In the Altoona, PA market Larry Walter’s Martinsburg Broadcasting files a deal to buy the Martinsburg, PA-licensed translator W276AS at 103.1 FM.  It will use the signal to rebroadcast religious WWBJ, Martinsburg (1110).  Seller Matthew Lightner gets $27,500 for the translator.

 

Quad Cities

Fletcher Ford’s Virden Broadcasting files to buy the Sheffield, IL-licensed translator W299BN at 107.7 FM from Miller Media Group for $20,000.   Virden will simulcast “Hogg Country 102.5” WJRE on the signal.

 

Wisconsin

Religious broadcaster Wisconsin’s Radio Voice of the Master files to buy WQMN, Minocqua, WI from Lakeland Seventh-Day Adventist Church for $20,000.  It’s as a construction permit for a Class C3 signal at 88.7 FM. 

 

Elmira-Corning, NY

Family Life Ministries Radio files to buy the Bath, NY-licensed translator W293CE at 106.5 FM from Calvary Chapel of the Finger Lakes for $10,000.  Family Life will simulcast its contemporary Christian WCIK, Bath (103.1) on the signal.

 

Nevada

Ken Sutherland’s Ruby Radio strikes a $12,000 deal to buy the Winnemucca, NV-licensed translator K232BK at 94.3 FM from Humboldt County, NV.  The deal includes $2,000 cash plus another $10,000 in advertising time to be used on any of Ruby Radio’s stations in the Elko, Spring Lake, Carlin or Winnemucca areas.

 

Wisconsin

The partnership of Larry Klenc, Brandon Gann, and Norman Bruce, known as LBN, files to buy the construction permit for a new class C3 FM at 101.5 FM in the Eau Claire market.  They’ll pay $10,000 to seller Evangelical Broadcasting Group for the Augusta, WI-licensed station.   LBN plans a noncommercial religious format on the station.

 

North Carolina

Anchor Baptist Broadcasting Association files to buy the Brevard-licensed translator W235CA from Tabernacle Baptist College for $10,000.   The translator will be used to simulcast “Gospel Carolina Radio” WGCR, Pisgah Forest, NC (720).   The FCC filing says included in the $10,000 price is a $3,000 allocation for the purchase of a bus.

 

Wyoming

In the Yellowstone Park region Legend Communications files a $5,000 deal to buy KCWB, Bryon from HBD Media.  KCWB is a Class C construction permit at 92.1 FM.  Legend owns four other stations in the area.

 

Colorado

Wet Mountain Broadcasting files to buy KLZR, Westcliffe (91.9) from Vic Michael’s Cedar Cove Broadcasting for $3,000.  KLZR is a construction permit for a Class A station.

 

Nebraska

Chris Lash’s Whiplash Community Radio files to buy KNIT, Humboldt (90.1) from Vic Michaels’ Cedar Cove Broadcasting for $500.  The Class C3 station was licensed and has essentially yet to broadcast full-time.  The FCC last month denied a request by Cedar Cove to extend its authority to keep the station silent.  Whiplash last month filed to buy another Nebraska station from Cedar Cove: KVAM, Kimball for $4,000.  It also signed on in 2011 although it’s yet to be on the air for an extended period of time.  Whiplash will air its noncommercial “Cat Country Network” on both stations.

 

Albuquerque

Educational Media Foundation is spinning off one of its two Albuquerque FMs with a deal to sell “Radio Nueva Vida” KQGC (91.1) to the Association for Community Education for one dollar.   The Association’s Spanish-language religious format is based at KMRO, Camarillo, CA (90.3) and it owns three other full-power stations in California in addition to several translators.  EMF still owns contemporary Christian “K-Love” KQLV (90.7) and Christian CHR “Air1” KQRI (105.5) in the market.

 

Portland, ME

Saga Communications files to buy Biddeford-licensed translator W277AM at 103.3 FM from Bible Broadcasting Network.  Saga plans to simulcast adult standards “1490 The Bay” WBAE on the signal.  No cash is changing hands. Instead Saga agrees to a $400 a month per lease for the next decade that will give BBN space on its Portland market tower for classic hits “Rewind 100.9” WYNZ.   BBN will use it for a new translator it is buying at 105.5 FM.

 


C  L  O  S  I  N  G  S

 

Pennsylvania

Dan Farr has closed on a $5.5 million deal with Barry Drake’s Backyard Broadcasting for six Williamsport, PA stations.  The cluster is part of the 22-station Sabre Communications which Drake sold to Backyard for $42 million in 2002.  The deal includes country WILQ (105.1), hot AC WLMY (107.9), “Oldies 93” WBZD-FM (93.3), the rock simulcast of WZXR (99.3) and WCXR (103.7), and news-talk WWPA (1340).  Farr also buys the Williamsport-licensed translator W267BJ at 101.3 FM that simulcasts WWPA. 

 

mvpNebraska

Michael Flood closes a deal to buy “Country Today 103.1” KNCY-FM, Auburn and “Country Classics AM 1600” KNCY, Nebraska City from Riverfront Broadcasting for $810,000.  Flood Broadcasting also owns country “US-92” KUSO, Albion and its translator Norfolk, NE-licensed translator K298AG at 107.5 FM.  Flood has filed a $35,000 deal to buy the Nebraska City-licensed translator K28GS at 105.5 FM.    KNCY-FM has applied to change its call letters to KBIE.  

 

South Carolina

Larry Wilson’s L&L Broadcasting closes on the sale of classic hits “103.1 The Drive” WGZO, Parris Island, SC to Apex Broadcasting for $450,000.  WGZO is between radio markets and under L&L it’s been operated out of a Savannah, GA cluster but under Apex it’ll be run out of its Charleston, SC market.  That’s where Apex already owns five stations.  Broker: Eddie Esserman, Media Services Group

 

Chicago

Arthur & Matt Dubiel have closed a purchase of talk WCKG, Elmhurst (1530) from Joseph Gentile for $290,000.  WCKG is a daytime-only station with 760-watts.

 

Sarasota-Bradenton, FL

Meryl Heinemeyer’s Southwest Florida Radio Broadcasting closes a deal to buy “The Sports Fanatic” WTMY (1280) from Walter Kotaba’s Polnet Communications for $75,000. 

 

New Jersey

In the Morristown, NJ market World India Radio closes its deal to buy WXMC, Parsippany (1310) from James Chladek for $30,000. Chladek owns several low power TV stations and this was his only radio station.  WXMC airs a tropical format under a current brokerage deal with Centro Biblico of New Jersey.

 

Ohio

Our Lady of Guadalupe Radio closes on its purchase of WSHB, Willard (90.9) from Mansfield Christian School for $25,000.  WSHB is a new Class A signal in north-central Ohio.  Our Lady of Guadalupe’s Catholic “Annunciation Radio” format airs on the three other stations it owns in Ohio.

 

North Carolina

Jess Cowan closes a deal to buy 500-watt daytime-only WVOH, Spindale (1520) for $18,000.  The station has been off the air since April.  Cowan doesn’t own any other stations.

 

Kentucky

North of Bowling Green, Bethel Fellowship closes a deal to buy WBFK, Smiths Grove (91.1) from Grace Community Church of Amarillo for $3,500.  The station will simulcast religious WFBI, McDaniels (91.5).

 

Michigan

Reynolds Communications closes a deal to buy WMTE-FM, Manistee (101.5) from Lake Michigan Broadcasting for $1,000.   The station currently simulcasts Synergy Media’s oldies WKLA (1450).  Del Reynolds also owns classic rock “The Bear” WCHY in the Cheboygan, MI market.

 

Oklahoma

South Central Oklahoma Christian Broadcasting closes a deal to buy gospel KAZC, Healdton (89.3) from First Free Will Baptist Church of Healdton for $1,000.

 

North Carolina

Jean Taylor’s Radio Hatteras closes a deal to buy WHDZ (101.5) and WHDX (99.9) from David Wilson for $10.   The Class A FMs are licensed to Buxton and cover an area that’s one of the furthest out-to-sea portions of North Carolina’s Outer Banks.  WHDZ has a news-talk format and WHDX is currently running a loop of travel information.  Radio Hatteras already owns a construction permit for a noncommercial Class C2 station at 91.9 in Buxton.


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