SALES – STATIONS
Seattle-Tacoma, WA – Bustos Media strikes a $3 million deal to buy smooth jazz KFNY Centralia, WA (102.9) from iHeartMedia’s Oceans Stations Trust. KFNY uses a transmitter site on Capital Peak, southwest of Olympia, giving the Class C FM coverage from Olympia to Everett, WA, north of Seattle. KFNY has been in the Oceans Stations Trust since 2017 when it needed to spin off an FM as part of an asset exchange with Entercom. Broker: Bill Fanning, Media Venture Partners.
Victor Valley, CA – Entercom files a $1 million deal to sell classic hits “The Route 103.1” KVFG and “CBS Sports Radio 910” KMPS to El Dorado Broadcasters. Under terms of the contract, within 60 days of closing, El Dorado will list the KMPS tower site for sale. If the proceeds of the sale occurs within two years and total more than $500,000, the money will be split evenly between Entercom and El Dorado. If not, El Dorado will keep all of the profit from the land sale. El Dorado already four stations in the Victor Valley market, including hot AC “Y-102” KZXY-FM, classic rock “106.5 The Fox” KIXA, “Kat Country 100.7” KATJ-FM, and “Talk 960” KIXW… so the Entercom additions fill out its cluster under current FCC limits.
Chico, CA – Bustos Media files a $400,000 deal to buy rock “93.9 The Hippo” KFMF, CHR “107.5 Now FM” KQPT and classic hits KZAP (96.7) from Mapleton Communications. The deal also includes the Chico, CA-licensed translator K300AD at 107.9 FM, which simulcasts KQPT. Once the sale closes, Mapleton will still own country “95.7 The Wolf” KALF in the Chico market. Broker: Jorgenson Broadcast Brokerage
Raleigh-Durham, NC – Stuart and Nancy Epperson’s Truth Broadcasting files a $175,000 deal to buy religious WTSB (1090) from Lamm Media Group. The deal also includes the Selma, NC-licensed translator W288DH at 105.5 FM, which gives the 9,000-watt daytime-only station a 24-hour signal. Truth Broadcasting is operating WTSB under a local marketing agreement until closing. It already owns religious “The Truth” WDRU (1030) in Raleigh-Durham and WTSB has begun simulcasting WTSB. Mickey Lamm doesn’t own any other stations. Broker: Dick Kozacko
Albany-Schenectady-Troy, NY – Saratoga Radio files a $100,000 deal to buy the currently silent WAIX (1160) from Empire Broadcasting. It also includes a construction permit for the Saratoga Springs, NY-licensed translator W227DW at 93.3 FM. Saratoga Radio is a 50-50 partnership between two companies that already own stations in New York: Aaron and Jessica Ishmael’s A&J Radio, who operates stations in the Burlington-Plattsburgh, NY-VT market, and Ricki Lee Shorthose and Hanna Maria Kaleta’s Border Media, which owns stations in the Adirondacks. Because Shorthose and Kaleta are foreign nationals, the deal may require extra scrutiny by the FCC, since their 50% stake is above the current 25% cap on foreign ownership. They're hoping a previous approval will however still stand and allow the transfer to avoid another lengthy review process. Saratoga Radio will operate WAIX under a local marketing agreement in the meantime. Once the sale closes, Joe Reilly’s Empire Broadcasting will still own two other stations in the market: WABY (900) and WPTR (1240). Both are also silent.
North Carolina – Keith Baldwin files a $10 deal to buy the currently silent WQTM Fair Bluff, NC (1480) from Rama Communications. The deal also includes the Fair Bluff, NC-licensed translator W279DQ at 103.7 FM.
Tennessee – John and Jane Sines file to donate religious “1540 The Light” WBIN, Benton, TN to Pioneer Health and Missions.
SALES – TRANSLATORS
Florida – Salem Media Group files to swap the Bradenton, FL-licensed translator W276CR at 103.1 FM to iHeartMedia in the Sarasota-Bradenton market. In exchange, iHeartMedia will swap the Bayonet Point, FL-licensed translator W262CP at 100.3 FM to Salem in the Tampa market. No cash is involved in the trade.
Idaho, Tennessee & Georgia – Edgewater Broadcasting files to donate seven translators to Radio By Grace. They include the Kimberly, ID-licensed K248BZ at 97.5 FM; the Kimberly, ID-licensed K228FL at 93.5 FM; the Idaho Falls, ID-licensed K239BN at 95.7 FM; the Idaho Falls, ID-licensed K286BU at 105. 1 FM; the Chattanooga, TN-licensed W224AZ at 92.7 FM; the Falling Water, TN-licensed W268AA at 101.5 FM; and the Cuthbert, GA-licensed W259CA at 99.7 FM.
Houston – James Yu’s Trade Route Media closes a $2.3 million deal to buy Chinese-language KULF (1090) from Radio Free Texas Trust. The deal includes the Bellville, TX-licensed translator K273CD at 102.5 FM, which gives the 1,000-watt daytime-only AM a 24-hour signal. Trade Route Media has operated the station since January 2015. Radio Free Texas Trust still owns variety KQQB (1520) in the San Antonio market.
Georgia – Bryan Steele’s Foundry Broadcasting closes a $500 deal to buy country “106.5” The Boro” WMCD, AC “Eagle 94.9” WPMX, CHR WPTB (850), all-news WWNS, (1240) in the Statesboro, GA area from Neal Ardman. The deal also includes the Statesboro, GA-licensed translator W259CH at 99.7 FM and the Statesboro, GA-licensed translator W299CT at 107.7 FM. Bryan Steele is a veteran radio and television manager in the area. Ardman still owns stations in the Tampa, FL market.
Michigan – Todd Mohr’s Aurora Media closes a $400,000 deal to buy country “104.7 Kix Country” KYKX and adult standards WDBC (680) Escanaba, MI from Jim and Betsy Cooke’s KMB Broadcasting. The deal also includes the Escanaba, MI-licensed translator K233CT at 94.5 FM. Broker: Jason James, Patrick Communications
Georgia – The Augusta Radio Fellowship Institute closes a $400,000 deal to buy religious WFAL Milner, GA (105.9) from Radio Georgia.
Panama City, FL – Sam Rogatinsky’s Gulf Coast Broadcasting closes a $325,000 deal to buy WRBA (95.9), WKNK (103.5) and WASJ (105.1) from Powell Broadcasting. All three FMs have been off the air since Hurricane Michael struck the market in October 2018 when the Category 5 storm snapped an STL tower in half, which punched a hole in the roof of the Panama City facility, causing water damage inside. Powell Broadcasting announced in October that it would cease operations at its market No. 225 cluster after the storm and search for a buyer. It also sold sister WPFM (107.9) to Educational Media Foundation for $472,000. Now the task of rebuilding operations falls to Rogatainsky, who already owns ethnic Haitian WPBR (1340) in the West Palm Beach, FL market. Powell Broadcasting will still own five stations in Sioux City, IA. Broker: Kalil
Lakeland-Winter Haven, FL – Ferris Waller’s Walco Enterprises closes a $130,000 deal to buy urban/gospel WWAB (1330) from Richard Hughes, Vickilyn Hughes and Pam Wilson. Walco Enterprises already owns classic country “Boss Hog Radio” WHNR (1360) in the Lakeland-Winter Haven market.
Puerto Rico – Juan Hidalgo Cruz and Nelson Estevez’s HMS Distributors closes a deal valued at $34,876 to buy tropical “Yunque 93” WYQE Naguabo, PR (92.9) from the Munoz family’s Fajardo Broadcasting Co. The purchase represents debts Fajardo Broadcasting owed to the FCC and its broadcast attorneys in Washington.
Texas – Danny Ray Boyer’s Tenn-Vol Corp. closes a $25,000 deal to buy oldies KMBL Junction, TX (1450) from the Foster Charitable Foundation. The deal also includes the Junction, TX-licensed translator K234DE at 94.7 FM. Tenn-Vol owns five other stations in the region, including “Oldies Radio 104.9” KLDE, country KPEP, (106.5), classic country KYKK (93.5), classic country KYXX (94.3), and classic country KHOS-FM (92.1). The Foster Charitable Foundation still owns contemporary Christian KERV Kerrville, TX (1230). Broker: Dave Garland
Minnesota – Real Presence Radio closes a $25,000 deal to buy religious KZJZ Babbitt, MN (106.7) from Aurora Broadcasting. The filing says the license will technically be donated with the $25,000 payment covering related equipment. Real Presence Radio already owns religious WWEN (88.1) covering the southern side of the Duluth-Superior, MN market and this will give it coverage to the north of the metro area. Aurora Broadcasting still owns the currently silent WVVE Grand Marais, MN (95.3) which covers an expanse along the Minnesota-Canada border. Broker: Steve Moravec, Phoenix Media Group