SALES – STATIONS
Kansas – Monte Miller’s Rocking M Media exits the Wichita, KS market with the sale of its four-station cluster to a newly formed local group known as Allied Media Partners (AMP). In a deal valued at $6,188,645 AMP picks up adult hits “97.1 Bob FM” KIBB, country “KS Country 92.3” KKGQ, rhythmic AC “92.7 The Blast” KWME and adult alternative “Flight 100.5” KVWF. Additionally, AMP acquires “Talk Radio 1550” KKLE, Winfield, KS and AC “The Wave” KLEY Wellington, KS (1130). The deal also includes the Winfield, KS-licensed K230CE at 93.9 FM which simulcasts KKLE. And the Wellington, KS-licensed translator K262CQ at 100.3 FM which simulcasts KLEY. The new company is a 50-50 partnership led by Matt Baty, who serves as CEO; Wichita radio veteran Tommy Castor is named COO of the group. It will operate the stations under a local marketing agreement until closing. After the sale is finalized, Rocking M will still own 21 stations in Kansas and “Smart Talk 1490” KMET in the Riverside-San Bernardino, CA market.
Dayton, OH – Antioch College has filed to turn over control of news/adult alternative WYSO (91.3) to an independent, newly-created not-for-profit organization called Miami Valley Public Media in a deal valued at $3.5 million. The NPR affiliate says it has raised nearly all of the money needed in donations and grants in order secure its independence from the school. Antioch College has owned WYSO since 1958. The station will remain on campus and students and faculty will continue to play a role at the station. Antioch College president Tom Manley says independence was part of the plan for WYSO when it was launched as a student-run station more than 60 years ago. No programming changes are planned.
Ft. Collins, CO –Joe Jaquint’s Patriot Trading Group files a $250,000 deal to buy talk KHNC (1340) from Donald and Sharon Wiedeman. The deal includes a $167,500 promissory note. Phoenix-based Patriot Trading Group is a seller of precious metals which produces the “Patriot Radio News Hour” on KHNC which is hosted by Jaquint.
Virginia – Robert Phillips files a $1,100 deal to buy the currently-silent WPAK, Farmville, VA (1490) from Gregory Granger. The deal also includes the Farmville, VA-licensed translator W260DJ at 99.9 FM. Once the sale closes Granger will still own adult standards WMGB (740) in the Norfolk, VA market.
Chicago – Alpha Media has closed on its deal to convert a local marketing agreement into a purchase in suburban Chicago. It closed a $4,669,011deal to buy classic rock “103.9 The Fox” WFXF and AC “Star 105.5” WZSR from Peter Handy’s Matrix Media. The sale follows Matrix’s chapter 11 bankruptcy filing last March. Alpha and its predecessor Digity have been operating the two FMs since May 2014. It currently owns eight stations including “Q Rock 100.7” WRXQ, country WCCQ (98.3), classic hits “95.9 The River” WERV-FM, AC “Star 96.7” WSSR, hot AC WXLC (102.3), talk/sports WJOL (1340), talk WLIP (1050), and “ESPN Deportes 1220” WKRS in the market. In order to comply with FCC ownership limits, Alpha will be required spin-off WRXQ to Steven Seline’s Walnut Radio in a sale valued at $300,000. And Alpha has also reached a deal to sell WFXF to Educational Media Foundation in a deal valued at $900,000.
Florida – Anco Media Group closes a $1 million deal to buy dance “Revolution 93.5” WZFL in the Miami market and its West Palm Beach-Boca Raton simulcast WBGF (93.5) from Zoo Communications. Also included in the deal are the Miami-licensed translator W228BYat 93.5 FM and the Fort Lauderdale, FL-licensed W228BVat 93.5 FM. The deal includes a $1 million promissory note. Anco Media secured a waiver to the FCC’s ownership limits since all of its shareholders—Marco Mazzioli, Claudio Dompe, Claudia Dompe, and Stefani Pittaluga—are Italian citizens.
Corpus Christi, TX – Educational Media Foundation has closed a deal pay $432,000 to buy regional Mexican “La Caliente 98.3” KMJR from James Anderson’s Tejas Broadcasting. EMF already owns contemporary Christian “K-Love” affiliate KPLV (88.7) and Christian CHR “Air1” affiliate KXAI (103.7) in market No. 111. Tejas still owns hot AC “The Beach 96.5” KLTG and rhythmic CHR “Wild 105.5” KLHB in the Corpus Christi market. Brokers: Bill Whitley and George Reed, Media Services Group
Texas – Jorge and Ana Suday closes a $420,000 deal to buy country KDLK-FM (94.1) and “News Radio 1230” KDRN in Del Rio, TX from Larry Mariner’s Forum Broadcasting. The deal includes a $40,000 promissory note. Suday Investment Group doesn’t own any other radio stations but Ana Suday owns the Sugar & Spice floral arrangement business in Del Rio.
Olean, NY – Family Life Ministries closes on its purchase of “103.9 The Eagle” WVTT from Colonial Radio Group. Family Life will pay $153,000 in cash and also transfer the Smethport, PA-licensed translator at 104.9 FM to Colonial Radio Group. Family Life Ministries has already been in the market using the Olean, NY-licensed translator W266BN at 101.1 FM. The sale leaves Colonial Radio Group with classic rock “The Mountain” WXMT (106.3) and country “Eagle 96.7” WAGL in the market.
Youngstown-Warren, OH-PA – Nelson Cintron’s Sagittarius Communications has closed on its $150,000 purchase of WYCL (1540) and WHTX (1570) from Whiplash Radio. Both stations are currently off the air. An Ohio judge last year put the two stations under control of a court-appointed receiver.