SALES – STATIONS
St. Louis – In a pair of deals valued at a combined $60 million, Emmis Communications exits the St. Louis market. In the first deal Hubbard Radio will pay $45 million to buy rock KSHE (94.7) and modern rock “105.7 The Point” KPNT. The two rock stations join Hubbard’s existing cluster which includes “92.3 New Country” WIL-FM, adult hits “106.5 The Arch” WARH and “101 Sports.com” WXOS. In a separate deal valued at $15 million, Entercom will acquire CHR “Now 96.3” KNOU and “News Talk 97.1” KFTK-FM from Emmis. Entercom entered St. Louis as part of its merger with CBS Radio and it owns hot AC “KY-98” KYKY, AC KEZK-FM (102.5) and “News Talk 1120” KMOX in the market. Both companies will operate their respective new stations under local marketing agreements until closing. Emmis has owned stations in St. Louis since 1984. The sale leaves Emmis with stations in New York, Indianapolis, and Austin where it holds a 50.1% controlling interest in a six-station cluster.
Huntington-Ashland, WV – Lisa Bouldin’s Bristol Broadcasting files a $2.5 million deal to buy gospel WEMM-FM (10.7.9) and gospel WYSN (1200) from Mortenson Broadcasting. The deal also includes the Huntington, WV-licensed translator W237ER at 102.5 FM. Bristol broadcasting already owns stations in the Charleston, WV and Bluefield, WV markets but these would be its first stations in the Huntington-Ashland market. Once the sale closes Jack Mortenson will still own three AMs in the Dallas metro.
Raleigh-Durham, NC – Divine Mercy Radio files an $850,000 deal to buy Spanish-language “Radio Vision 540” WETC from Sanchez Broadcasting. That price tag reflects what Divine Mercy Radio says is the ability of WETC to cover one- quarter of North Carolina and reach four million potential listeners. But the deal also includes a 44-acre parcel of land in Wendell, NC. Divine Mercy Radio doesn’t own any other radio stations but its Catholic religious programming airs on the low-power stations WFNE-LP (103.5) and WSHP-LP (103.3) in the Raleigh-Durham market. Once the sale closes Marta Sanchez will still own the Spanish-language contemporary Christian daytimer “Radio Uncion” WRRZ in Clinton, NC.
Colorado – Aaron Leiker’s 25-7 Media files a $400,000 deal to buy classic rock “93.5 The Curve” KLMR-FM and classic country KLMR (920) in Lamar, CO and “Thunder Country 92.1” KTHN and oldies KBLJ (1400) in La Junta, CO. The deal also includes the La Junta, CO-licensed translator K282BX at 104.3 FM. Leiker most recently was operations manager for Beacon Broadcasting’s country KVAY in Lamar. Broker: Kalil
Ft. Wayne, IN – Swick Broadcasting files a $300,000 deal to buy sports WFGA (106.7) from the Dille family’s Talking Stick Communications. Steve Swick already owns five stations in the region but only AC WLKI, Angola, IN (100.3) and “Wheels Country 104.5” WLZZ, Montpelier, OH overlaps with WFGA. And after the sale closes Alec, John and Sarah Dille’s Federated Media still owns a six-station cluster in Ft. Wayne. Broker: Jason James, Patrick Communications
Idaho – Ted Austin files a deal to buy the currently-silent KRXK, Rexburg, ID (1230) from Richard Mecham’s Rich Broadcasting in exchange for forgiving $150,000 of debt owed to Austin by Rich Broadcasting. The deal replaces a 2015 deal that proposed Austin pay $300,000 for the station. In a related move Austin filed a $35,000 deal in December to buy the Saint Anthony, ID-licensed translator K261DB at 100.1 FM to simulcast KRXK. He also has a pending $163,291 deal to buy KOUW, Island Park, ID in the area. KRXK has mostly been off the air since February 2014 with owner Mecham telling the FCC it continued to sustain “significant financial losses.”
Reno, NV – 1400 Investments, a partnership between Fred Weinberg, Floyd Brownhold and Don Brown, file a $100,000 deal to buy talk KNNR (1400) from Flinn Broadcasting. The deal includes the Washoe Valley, NV-licensed translator K277DL at 103.3 FM. Weinberg and Brown already hold an interest in Ely Radio, but that company doesn’t own any stations in the Reno market. Once the sale closes George Flinn will still own adult hits “Bob 93.7” KZTQ in Reno.
Birmingham, AL – The Jazz Hall of Fame of Alabama files a $50,000 deal to buy smooth jazz WVSU-FM (91.1) from Samford University. Under the terms of the deal the University will receive 1,200 minutes (or 20-hours) of time on the station to air promotional announcements and special programming. The Jazz Hall of Fame also agrees to change the WVSU-FM call letters within six months. Founded in 1978, the Jazz Hall of Fame of Alabama plans to retail the jazz format on the Class A signal. It will operate WVSU-FM under a programming agreement until closing.
Bend, OR – Openskyradio files a $25,000 deal to buy hot AC “Sky 96.5” KSQI from Rogue Radio. Openskyradio plans to flip KSQI to its noncommercial adult alternative format. It will operate KSQI under a local marketing agreement until closing.
Portland, OR – Cascade Educational Broadcast Service files a $16,000 deal to buy variety “X-Ray FM” KXRY (91.1) from Common Frequency. The filing says the buyer “will continue substantially the same format with substantially the same program mix.” A deal to make the transfer between the two parties had previously been filed in July 2017 but was voluntary withdrawn after a petition to deny raised a number of allegations, including prohibited cross-ownership among five Cascade board members and Portland-area low-power FMs. The latest filing suggests there have been some board changes only indicating the spouse of one of its board members is the president of “Freedom Portland” KFFP-LP (90.3). Once the sale closes Common Frequency will still own a half dozen other stations in Oregon and California.
SALES – TRANSLATORS
Mobile, AL – Dot Com Plus files a $150,000 deal to buy two FM translators from Edgewater Broadcasting. The deal includes the Saraland, AL-licensed W223BX at 92.5 FM and the Tillmans Corner, AL-licensed W243CY at 96.5 FM. The filing says both translators are valued at $75,000. The translators will relay HD2 and HD3 subchannels from Dot Com Plus-owned adult alternative “92.1 The Zoo” WZEW.
Idaho – Ted Austin files to buy the Chubbuck, ID-licensed translator K251CL at 98.1 FM from Inspirational Family Radio. The filing says Austin will pay nothing for the translator beyond the unspecified amount of filing fees that Inspirational Family Radio paid the FCC in connection to the signal. Austin plans to use the translator to simulcast the currently-silent KRTK, Chubbuck, ID (1490).
Greenville-New Bern-Jacksonville, NC – Diana Schulman closes a $500,000 deal to buy classic country “97.9 The Bear” WNBB from Eure Communications. Schulman is currently WNBB’s sales manager. The deal includes a $375,000 promissory note. William Eure doesn’t own any other stations.