The week’s biggest deal hails from South Carolina where Broomfield Broadcasting has added a third station in the Columbia market. Also this week, Pham Radio Communications secures a translator for its San Francisco AM and Bunyard Broadcasting finds a buyer for its last station in Fayetteville, AR. And iHeartMedia donates another AM, this time in West Virginia. Check out all the details in this week’s Deal Digest.
Educational Media has cleared its contemporary Christian “K-Love” network on three stations in Ohio and Kentucky owned by Baldwin Broadcasting. It has just filed a $7.1 million deal to make them part of the EMF family. Also this week, a Gainesville-Ocala owner adds another FM and an Arkansas TV owner expands into radio. Check out all the details in this week’s Deal Digest.
Sinclair Telecable is selling a group of stations it has owned in Santa Rosa, CA since 2001 in a deal with newcomer B.C. Radio. Also this week, iHeartMedia donates an FM in Albuquerque to a religious broadcaster. Seven Mountains Media expands its holdings in New York’s Southern Tier. And EMF sells a translator in West Palm Beach. Catch up with all the buyers and sellers in this week’s Deal Digest.
JVC Media has closed a $2,268,839 deal to buy four FMs in Ft. Walton Beach-Destin, FL. It’s already in the Florida markets of Orlando and Gainesville-Ocala. Also this week, Iglesia Pentecostal Vispera del Fin expands from the Pacific Northwest into Alaska with a radio-TV deal in Anchorage. And an Oklahoma insurance agent and fill-in host is a soon-to-be owner. Check out the details in this week’s Deal Digest.
Two deals, one in Houston the other in Pennsylvania, tied for the week’s biggest-ticket sales. Both came in at $725,000 and both involved religious broadcasters. The difference is in how much that amount of money buys in each location. Also this week, Cumulus has a deal to sell the last station in one of its trusts. And a seller on Cape Cod will still be able to promote his restaurant even after selling his station thanks to the terms of his deal. Check out all the action in this week’s Deal Digest.