SALES – STATIONS
San Francisco, San Jose & Sacramento – Bonneville strikes a $141 million deal to buy eight stations from Entercom. In San Francisco it buys AC KOIT (96.5), CHR “99.7 Now” KMVQ-FM, urban AC “R&B 102.9 Soul of the Bay” KBLX-FM. In the adjacent San Jose market Bonneville picks up classic rock “98.5 K-Fox” KUFX for Entercom. And in Sacramento Bonneville buys “New Country 105.1” KNCI, AC “Mix 96” KYMX and hot AC “Now 100.5” KZZO and “CBS Sports Radio 1140” KHTK. The deal includes two KBLX-FM boosters in Berkeley and Pleasanton. Also, a KMVQ-FM booster in Walnut Creek. And two boosters for KUFX in Morgan Hill and Pleasanton. The three markets are each new for Bonneville which already operates clusters in Salt Lake City, Phoenix, Denver and Seattle. Bonneville has been operating the stations since Nov. 2017 under a local marketing agreement with the divestiture trust created by Entercom as part of its agreement with the Dept. of Justice securing its approval to merge with CBS Radio. It had given Entercom one year to find a buyer and close the deal on the spin-off of the stations. Because of the size of the deal, the transaction will also need to go through the DOJ’s antitrust review process. Entercom still owns seven stations in San Francisco and six stations in Sacramento. Broker: Kalil
Tucson & Boise, ID – Jim Kalmenson’s Lotus Communications has struck an $8 million deal to buy eight station sin two markets from the E.W. Scripps Company. In the Tucson, AZ market it buys AC “94.9 Mix FM” KMXZ-FM, sports “ESPN Tucson” KFFN (1490), news/talk KQTH (104.1), rhythmic AC “106.3 The Groove” KTGV and the Tucson-licensed translator K285DL at 104.9 FM which rebroadcasts KFFN. Lotus already owns four stations in the Tucson market including classic rock KLPX (96.1), alternative “Rock 102” KFMA, regional Mexican “La Caliente” KCMT (92.1), and Spanish adult hits “La Buena 94.3” KTKT. In order to comply with FCC ownership limits Lotus has announced plans to spin-off KQTH and KTGV. In the Boise, ID market Lotus buys classic rock “J105” KJOT (105.1), rock “The X” KQXR (100.3), adult alternative “94.9 The River” KRVB (94.9) and classic hits “107.1 K-Hits” KTHI. The deal marks the third cluster that Scripps has sold following earlier deals in Milwaukee and Tulsa. Scripps is looking for buyers for five additional markets. Broker: Kalil
Omaha-Council Bluffs, NE – Steve Seline’s Walnut Radio files a $1.375 million deal to buy talk “1420 AM The Answer” KOTK and religious “660 The Word” KRCO from Salem Media Group. Walnut Radio already owns “Country 97.3” KBLR-FM and oldies “Boomer 1490” KOMJ in the market. No format changes are expected as KOTK and KCRO since Salem is licensing the use of the brand names “The Word” and “The Answer” to Walnut Radio. The sale will leave Salem with contemporary Christian “100.7 The Fish” KGBI-FM in the Omaha-Council Bluffs market. Broker: Jorgenson Broadcast Brokerage
Sarasota-Bradenton, FL – The Lake Erie College of Osteopathic Medicine files a $520,000 deal to buy oldies WSRQ (1220) from Jim Lampl’s Florida Talk Radio. The deal includes two FM translators: the Sarasota, FL-licensed W295BH at 106.9 FM and the construction permit for the Venice, FL-licensed W240DP at 95.9 FM. The station dropped its longtime talk format at the end of June and currently brands as “Hitland 106.9.” That may’ve been setting it up for the new buyer since Lake Erie College already owns one station in the Erie, PA market: oldies “LECOM Radio 88.5” WMCE-FM.
Wisconsin – Jim and Diane Coursolle’s Heartland Communications Group files a $440,000 deal to buy country “Coyote 93.7 “WCYE, Three Lakes, WI and “Sports Radio 96.5” WHOH, Rhinelander, WI from Don Grassman’s Results Radio. Heartland Communications already owns classic hits WRJO (94.5) and “Freedom Talk 950” WERL in the Eagle River-Rhinelander, WI region. It will operate WCYE and WHOH under a time brokerage agreement until closing.
Tucson, AC – Doug and Mary Martin’s Good News Radio Broadcasting has found a buyer for its final station in the Tucson market. Pastor Robert Furrow’s Calvary Chapel of Tucson has filed a $150,000 deal to buy adult standards “Pop Classics 690” KCEE. It gives Calvary Chapel of Tucson a second station in the market where it already owns religious KAIC (88.9). The deal is the fourth and final sale for Good News Broadcasting in the market where during the past several weeks it has filed deals to sell talk “1030 The Voice” KVOI to Bustos Media for $500,000; sell religious KGMS (940) to Tucson Christian Radio for $350,000; and contemporary Christian “K-Love” affiliate KLTU (88.1) to Educational Media Foundation for $100,000. It brings the tally for the four-station cluster to $1.1 million. Broker: Kalil
North Carolina – Western North Carolina Public Radio files a $97,000 deal to buy classic rock “Power 90.5” WWCU, Cullowhee, NC from Western Carolina University. WWCU will become the fifth full-power station for Ashville-based Blue Ridge Public Radio which also owns several translators. While it’s selling WWCU, the University will still own a construction permit for another Class A station: WWOO, Dillsboro, NC (95.3) in the area. Located between the Great Smoky and Blue Ridge Mountains, the University signed-on its first radio station in 1948. It was the carrier current station at 550 AM which also carried the WWOO call letters.
Indianapolis – Rob McClure-led The Power Foundation files a $15,000 deal to buy religious “The Life FM” WWQI (91.3) from Horizon Christian Fellowship of Indianapolis. The Power Foundation owns 21 other full-power stations but WWQI will become its first in Indiana.
Omaha-Council Bluffs, NE – Salem Media Group closes a $3.15 million deal to sell one of its three stations in market No. 74 with a deal to sell contemporary Christian “100.7 The Fish” KGBI to the University of Northwestern-St. Paul. The University already owns 17 noncommercial religious stations, mostly in the Midwest. KGBI will become its first in Nebraska. Salem has a pending deal to sell its two other stations in the market including religious “660 The Word” KCRO and talk “1420 AM The Answer” KOTK to Walnut Radio (see above). Broker: Patrick Communications
Traverse City-Petoskey-Cadillac, MI – Bryan Hollenbaugh’s 45 North Media closes a $750,000 deal to buy classic hits “Eagle 101.5” WMJZ-FM from Kent Smith’s Darby Advertising. The deal includes a $700,000 promissory note. Hollenbaugh most recently was general manager of Pamal Broadcasting’s stations in Albany, NY. He earlier oversaw Adelante Media Group’s markets in eastern Washington and Idaho. Darby Advertising still owns classic hits “Eagle 95.1” WUPN in Sault Ste. Marie, MI market.
Maine – Immaculate Heart Media closes a $750,000 deal to buy five Maine stations from The Presence Radio Network. They include WTBP (89.7) and WXTP (106.7) in the Portland, ME market. Plus WXBP (90.3) in the Bangor, ME market and WWTP (89.5) in the Augusta-Waterville, ME market. And WEGP (1390) in Presque Isle. Each has been airing the religious “The Presence Radio” network. The deal gives Immaculate Heart Media its first stations in Maine.
New York – Amanda Dagley and William Dickerson close a $300,000 deal to buy classic hits WNBZ-FM, Saranac Lake, NY (106.3) from Ted Morgan’s Saranac Lake Radio. The sale leaves Morgan with one final deal to close in the Adirondack region: the pending sale of the currently-silent WRGR, Tupper Lake, NY (102.1) to Border Media. Because that company is owned by two foreign nationals the deal is going through the federal government’s review process. Border Media will also need to clear the FCC’s red-lighted status on WRGR which was put on the station since Morgan has failed to pay its regulatory fees. Morgan earlier sold an AM/FM combo to North Country Radio for a combined $38,500. Broker: Jason James, Patrick Communications
Texas – JAM Broadcasting closes a $250,000 deal to buy classic rock “Rev FM 94.3” KRVL, Kerrville, TX from the Foster Charitable Foundation. JAM Broadcasting already owns three other stations in the area including country “103.7 The Buck” KAXA, talk/classic country KERV (1230) and the construction permit KZAH (99.1).
Arizona – Ted and Jana Tucker’s Cochise Broadcasting closes a deal to donate the currently-silent KXMK, Oatman, AZ (101.3) to Doug Martin’s Good News Radio Broadcasting. The donation is part of a May 2017 consent decree between Cochise Broadcasting and the FCC.