A new owner comes onto the scene in the Monterey-Salinas-Santa Cruz, CA market as a partnership of Daisy Ortiz, Eduardo Leon and Vanessa Diaz buys two stations. Ortiz is a two-decade veteran of Hispanic media, including as a sales manager for LBI Media in Los Angeles, Houston and Dallas. Leon is a former VP of Programming at LBI Media and founder of Radio Ideas, an L.A.-based consulting and marketing firm. Get the details in this week’s Deal Digest.
Salem Media Group sold two of its three Miami stations last year. It has just struck a deal to sell its last AM in the metro to Nelson Votaire, who already owns another religious station in market No. 11.The biggest deal of the week is Educational Media Foundation’s Austin deal to buy “Spirit 105.9” KFMK as Crista Media focuses on the Pacific Northwest. Plus Entercom sells in Greensboro-Winston-Salem. Check out all the details in this week’s Deal Digest.
iHeartMedia’s New York cluster is growing as it files an $8.5 million deal to buy ethnic WWRL (1600) to become home to the new Black Information Network. Also this week, a Minnesota country combo changes hands and a pair of Vermont public broadcasters combine. It was also a big week for deal-making among religious stations. Check out the details in this week’s Deal Digest.
Eagle Radio already owns three stations in the North Platte, NE area. It will add two more in a deal filed this week. Also this week, a Philadelphia AM sale is finalized. And iHeartMedia closes a Lexington, KY market sale that has been on deck for a dozen years. Get all the details in this week’s Deal Digest.
In vote of confidence in the AM band, iHeartMedia this week topped the list of buyers with a $1.2 million deal to buy WUST (1120) in the Washington market. The station already airs its talk “Black Information Network” under a local marketing agreement. In Seattle iHeart also found a buyer for an FM. Also, EMF struck deals to expand into Vermont and New Hampshire. And a Boston AM is sold. Check out the details in this week’s Deal Digest.