SALES – STATIONS
San Diego – iHeartMedia files a $1.2 million deal to buy news-talk KFMB (760) from Local Media San Diego. iHeartMedia will operate KFMB under a local marketing agreement until closing and it is currently simulcasting news/talk “News Radio 600” KOGO. As part of the sale, iHeart pledges to file for new call letters before the sale closes. iHeartMedia already owns seven stations in the San Diego market including classic rock KGB-FM (101.5), CHR “Channel 93.3” KHTS-FM, hot AC “Star 94.1” KMYI, urban “Jam’n 95.7” KSSX, “Rock 105.3” KIOZ, “Xtra 1360 Fox Sports” KLSD and “News Radio 600” KOGO. Local Media San Diego just acquired KFMB and adult hits KFMB-FM (100.7) in a $5 million deal with Tegna this month. It retains KFMB-FM and it also programs alternative rock “91X” XETRA-FM. Broker: Kalil
Rapid City, SC – Carolyn and Doyle Becker’s Riverfront Broadcasting files an $80,000 deal to buy oldies KDSJ, Deadwood, SD (980) from Loren and Pace Maier’s 4 Paws Broadcasting. It is a quick turnaround for 4 Paws Broadcasting which closed a deal to buy KDSJ for $405,000 in December. Riverfront Broadcasting already owns five stations in the Rapid City market including AC “Star 106.3” KZLK, “X-Rock 101.1” KDDX. Country “95.9 Eagle Country” KZZI, classic hits “Q-92.3” KQRQ and “News Radio 1380” KOTA.
Kansas – Divine Mercy Radio files a $52,000 deal to buy the currently-silent KRMR, Hays, KS (105.7) from Randy Michaels’ Radioactive. Divine Mercy plans to convert the station to noncommercial status. It already owns three other Kansas stations including religious “Divine Mercy Radio 88.1” KVDM in Hays.
SALES – TRANSLATORS
Nashville – Bud Walters’ Cromwell Group files a $30,000 deal to buy the Franklin, TN-licensed translator W292ED at 106.3 FM from Educational Media Foundation. The filing says Cromwell Group plans to simulcast rock “102.9 The Buzz” WBUZ on the signal. Once the sale closes, EMF will still own contemporary Christian “K-Love” affiliate WLVU (97.1) in the Nashville market.
Long Island, NY – New York Public Television WNET-TV/WLIW-TV has closed a $944,834 deal to buy adult alternative/news WPPB (88.3) from Peconic Public Broadcasting. The station is licensed to Southampton, NY and covers Long Island’s East End. New York Public Television doesn’t own any other radio stations. The deal includes a three-year non-compete agreement preventing Peconic Public Broadcasting from starting a new station that would compete with WPPB. Broker: Public Media Company
Georgia – C.T. Barinowski’s Good News Network closes a $575,000 deal to buy the currently-silent WVGC, Westminster, SC (96.7) from Art Sutton’s Georgia-Carolina Radiocasting. Religious operator Good News Network already owns 13 stations in Georgia. Broker: Jorgenson Broadcast Brokerage
Wyoming & Idaho – Scott Anderson’s Jackson Hole Radio closes a $550,000 deal to buy four full-power stations and four FM translators in Jackson, WY from Rich Broadcasting. The signals include “Country 93.5” KJAX; adult alternative “Mountain Radio” KMTN (96.9); classic rock “KZ-95” KZJH; and regional Mexican “La Nueva” KSGT (1340). The translators including the Jackson, WY-licensed K242BU at 96.3 FM which simulcasts KZJH; the Teton Village, WY-licensed K265DA at 100.9 FM which simulcast KZJH; the Driggs, ID-licensed K239AU at 95.7 FM which simulcasts KZJH; and the Driggs, ID-licensed K281BH at 104.1 FM which simulcasts KJAX. A promissory note for the full purchase point is included. The sale of the stations is tied to the bankruptcy of Rich Broadcasting. Four other stations were sold to Magic Valley Media in a pending $475,000 deal. Rich Broadcasting has been in bankruptcy since late 2016 and has been overseen by trustee Mark Hasimoto since March 2017.
Michigan – Billy Sours’ Madsun Investments closes a $230,000 deal to buy classic rock “Buzz 102.5” WBZV, Hudson, MI from Friends Communications. Broker: Patrick Communications
Portland, OR – Irina Baranova’s PIN Investments closes a $200,000 deal to buy ethnic Chinese KXPD (1040) from James Su. PIN Investments will operate the station under a time brokerage agreement until closing. KXPD will change its programming to serve the Russian community in the Portland market. Broker: Kozacko Media Services
Oregon – Tom Hodgins and Chris Jacky’s Xana Oregon closes a $155,000 deal to buy classic hits “The Boss 100.7” KPPT-FM, Depoe Bay, OR and “News Talk 1230” KCUP, Toledo, OR from Agpal Broadcasting. Xana Oregon already owns there stations in the Tillamook area: “Country 95.9” KTIL-FM, hot AC “Coast 105.5” KDEP, and “Good Time Oldies 1590” KTIL.