This week’s biggest deal comes from New England where Northeast Public Radio buys its first station in Connecticut. Also this week, Los Angeles radio veteran Brad Fuhr moves to become a station owner in Palm Springs. And as some schools are selling, Southern Oregon University has just bought a California FM. Plus find out where EMF’s latest purchase is in this week’s Deal Digest.
The end of third quarter brought plenty of closings this week, but there were also some new deals filed. None topped $250,000, however. The list of sales includes a noncommercial FM in the Boston market, a suburban AM in Albany, NY and a Vermont FM owned by radio vet Randy Michaels. And in a cash-free swap, iHeartMedia is trading an FM translator in Charlottesville, VA for one in the Tallahassee market. Check out all the action in this week’s Deal Digest.
Lotus Communications has closed an $18 million deal to buy four stations in Seattle, capping one of radio’s biggest deals so far this year. Also this week, a former New Jersey market manager becomes a station owner in Cape Cod. There’s a new generation of Holladay family ownership taking shape in Mississippi. And while some colleges sell their radio stations, a Texas school is buying – and the late Bob Kingsley gets some of the credit.
During an especially light week for station trading, both of the top deals hail from Iowa. In the first, Greg Wennes sells his stake in a Decorah, IA cluster. And Riverfront Broadcasting has struck a deal to sell its stations in Algona, IA. Also this week, Bustos Media splits off one of its five stations in the Tri-Cities, WA market. And EMF does a one-dollar deal in Wyoming. Check out the details in this week’s Deal Digest.
With a focus on mid- and small-sized markets, Detroit has always been an oddity on Townsquare Media’s map. Now it has struck a deal to sell its standalone AM in market No. 14 to religious operator Smile FM. It will pay $172,500 to buy the currently-silent WLCO (1530), which is licensed to Lapeer, MI. Townsquare will still own clusters in three Michigan markets: Grand Rapids, Flint, and Kalamazoo. Who else is buying and selling? Check out this week’s Deal Digest.