SALES – STATIONS
Arizona – De La Fuente Media has filed a $700,030 deal to buy Spanish “Amor 107.9” KCKO, Rio Rico, AZ from JJS Media. Mario de la Fuente Manríquez, who reportedly splits his time between Arizona and Mexico, does not own any other radio stations but his family has long operated a media empire south of the border. Manriquez owns the El Diario newspaper in Nogales, Mexico and the cable TV firm Omnicable. KCKO covers a region of Arizona as well as Nogales. De La Fuente Media will be majority controlled by Mario de la Fuente Manriquez, who will hold an 89% stake. His son, Lorenzo Antonio de la Fuente Barreda will hold one percent. The remaining 10% will be held by MGF Inmobiliaria, a Mexican-based import-export business. The deal will not require special clearance by the FCC because the foreign ownership is below the 25% threshold allowed.
Arizona – Karey and Vance Barbee’s New Star Broadcasting has filed a $200,000 deal to buy the currently-silent KXBK, Taylor, AZ (103.5). The sale includes a $125,000 promissory note. New Star Broadcasting already owns classic hits KVRQ, Muleshoe, TX (93.3).
South Carolina – The Power Foundation has filed an $180,000 deal to buy oldies WKSX-FM, Johnston, SC (92.7) from Edgefield-Saluda Radio Co. The Power Foundation owns the gospel “The Life FM” network which it is expected to install on WKSX-FM. The station serves the Augusta, GA market. Broker: Mark Jorgeson
Asheville, NC – William Reck has filed to sell his 86% controlling interest in Skycountry Broadcasting to his two minority business partners. Terry Evans and Kenneth Evans will each hold a 50% stake in the company once the deal closes. They currently both hold a 7% interest. The value of the stock sale is pegged at $103,357. Skycountry Broadcasting owns country WPTL (920) and the Canton, NC-licensed translator W269DK at 101.7 FM.
Virginia & North Carolina – Friendship Cathedral Family Worship Central has filed to buy three radio stations from Willis Broadcasting for $90,591 in debt forgiveness. The stations include gospel WGPL (1340) and gospel “Peace 1400” WPCE in the Norfolk, VA market; and adult R&B “100.1 FM The B” WBXB, Edenton, NC.
Tucson, AZ – CSVJ Partners member Ronald Cameron has filed a deal to sell his controlling 80% stake in the company to partner Todd Robinson. The cash-free deal will increase Robinson’s interest to 78.6%, up from its current five percent. Cameron will have no further equity or voting interest in CSVJ Partners. Ted Snider will still own a 20% stake and Vic Michael will own three percent. The company owns regional Mexican “La Poderosa 105.3” KZLZ.
Richmond, VA – Fifth Estate Broadcasting files to donate classic hits “The Mater” WHAN, Ashland, VA (1430) to Stu-Comm. The deal also includes the Ashland VA-licensed translator W275BQ at 102.9 FM. Stu-Comm already owns WFTH (1590) in the Richmond market which relays its adult alternative WNRN (91.9) from the Charlottesville, VA market.
SALES – TRANSLATORS
Texas – Aaron Guerrero has filed a $15,000 deal to buy the Abilene, TX-licensed translator K290BV at 105.9 FM from Armida Saille. The filing said the translator will simulcast Spanish religious KMXO (1500) giving the 250-watt daytime-only AM a 24-hour signal.
Wyoming – Edgewater Broadcasting has filed to donate the Casper, WY-licensed translator K242CI at 96.3 FM to Radio By Grace.
Toledo – Lora Koralewski and Daniel Haslinger’s Patton Advertising Enterprises has closed a $995,000 deal to buy country “107.7 The Wolf” WPFX-FM from Toledo Radio. The deal includes a $225,000 promissory note.
Portland, ME – Stan Bennett has closed a $300,000 deal to buy five full-power stations and four FM translators from Mountain Valley Broadcasting. The stations include WOXO-FM (92.7), WRMO-FM (100.7), WTME (780), WEZR (1240), and WPNO (1450). All five stations are currently off the air. The deal also includes the Lewiston, ME-licensed translator W288CW at 105.5 FM; the South Paris, ME-licensed W245CQ at 96.9 FM; the Lewiston, ME-licensed W237ET at 95.3 FM; and the Rumford, ME-licensed W252DS at 98.3 FM. The cluster went silent in March following the February 9 death of company owner Dick Gleason at age 71, and the effect the coronavirus is having on the economy. Bennett does not own any other stations. He is currently Vice President of Programming for Binnie Media.
Stockton, CA – Entravision Communications has closed a deal to sell one of its two stations in market No. 80. Entravision has closed the $250,000 deal to sell Spanish sports “TUDN” KCVR (1570) to Punjabi American Media, a partnership of Balwinder Kaur Khalsa and Dilpreet Singh Khalsa. It already owns stations in the Sacramento, Fresno and Bakersfield, CA markets. KCVR will be its first in the Stockton market. The deal will leave Entravision with regional Mexican “La Tri-Color 100.9” KMIX in the Stockton market.
Alabama – Fun Media Group has closed a $100,000 deal to buy country WRAB, Arab, AL (1380) from Reed Broadcasting. The deal also includes the Arab, AL-licensed translator W296DM at 107.1 FM. Fun Media Group will operate the station under a time brokerage agreement until closing. It already owns cross-town classic hits “Fun 92.7” WAFN-FM.
Tennessee – Beverly Broadcasting Company has closed a $16,800 deal to buy gospel WENR, Englewood, TN (1090) from George Hudson. The deal also includes the construction permit for the Englewood, TN-licensed translator W288DR at 105.5 FM that will give the 1,000-watt daytime-only station a 24-hour signal. Michael Beverly already owns classic hits “The Eagle” WDNT, Spring City, TN (970) and soft AC “Alive” WALI, Dayton, TN (1280) but neither overlaps with WENR.
Alabama – Pat Courington and Alex Mastin has closed a $10,000 deal to buy the silent WQRX, Valley Head, AL (870) from Good News Network. The deal also includes the Valley Head, AL-licensed translator W257EB at 99.3 FM. Courington’s Sand Mountain Broadcasting Service already owns country WQSB (105.1), hot AC “Mix 102.9” WKXX and contemporary Christian WAVU (630) in the region. Mastin is the general manager of those stations.
Pennsylvania – Family Life Ministries has closed a $10,000 deal to buy Christian rock “Dove FM” WGIP, Tidioute, PA (89.1) from Calvary Chapel of Russell. The FCC has approved WGIP upgrading from a 100-watt Class A station to a 50,000-watt Class B FM covering an area north of the Pittsburgh market. Family Life Ministries already owns contemporary Christian WCOH-FM, Du Boise, PA (107.3) and WCOP, Farmington Township, PA (106.1) in the region.
Boston – iHeartMedia continues to whittle down the number of stations it holds in sales trusts. The company has closed on its deal to donate Spanish CHR “Rumba 1340” WKOX to Nancy and Stuart Epperson’s Delmarva Educational Association. WKOX has been in the Ocean Station Trust since 2017 when iHeartMedia struck a deal to expand its clusters in the Boston and Seattle-Tacoma markets. Once the deal closes, iHeart will still own eight stations in the Boston market including CHR “Kiss 108” WKS-FM, country “101.7 The Bull” WBWL, all-news “News Radio 1030” WBZ, rhythmic CHR “Jammin 94.5” WJMN, hot AC “97.7 The Beat” WKAF, classic rock WZLX (100.7), and talk WRKO (680).
Tennessee – Lighwave has closed on its deal to donate WLWW, Cornersville, TN (89.9) to Road Map Ministries. The religious broadcaster already owns contemporary Christian “88.3 The Roadmap” WUNT in the LaSalle-Peru, IL market.