SALES – STATIONS
Oklahoma – Mollman Media, owner of classic hits “Kool 105.5” KWCO-FM in the Oklahoma City suburbs, is significantly expanding the size of its holdings. Matthew Mollman has struck a $3 million deal to buy 10 signals from Perry Broadcasting Company in the region. The stations include “Kickin` Country 97.1” KKEN, Duncan, OK; sports “The Ticket 1380” KKRX, Lawton, OK; urban AC KXCA, Lawton, OK (1050); urban “97.9 Jamz” KJMZ, Cache, OK: classic rock “Kiss 105.3” KDDQ, Comanche, OK; classic country “Superstar Country 98.5” KACO, Apache, OK; and “News Talk 1350” KPNS, Duncan, OK. The deal also includes three FM translators: the Duncan, OK-licensed K291CT at 106.1 FM; the Lawton, OK-licensed K244FW at 96.7 FM; and the Lawton, OK-licensed K229DG at 93.7 FM. Once the sale closes Perry Broadcasting will still own two stations in the Tulsa, OK market and five stations in the Augusta, GA market.
Corpus Christi, TX – James Anderson’s Tejas Broadcasting has agreed to spin off one of the three stations it owns in market No. 111 to Educational Media Foundation. EMF will pay $432,000 to buy regional Mexican “La Caliente 98.3” KMJR. EMF already owns contemporary Christian “K-Love” affiliate KPLV (88.7) and Christian CHR “Air1” affiliate KXAI (103.7) in the market. Once the sale closes, Tejas will still own 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
North Carolina – Peace Baptist Church of Wilmington files a $250,000 deal to buy the currently-silent WGHW, Lockwoods Folly Town, NC (88.1) from Church Planters of America. Following the deal’s closing Church Planters of America will still own three stations in North Carolina.
Georgia – Educational Media Foundation files a $200,000 deal to buy classic rock “The Ridge 95.7” WATG, Trion, GA from TTA Broadcasting. EMF doesn’t currently own any stations in the area. Broker: Eddie Esserman, Media Services Group
Utah – Franklyn Mueller files a $100,000 deal to buy the currently-silent KQMB, Levan, UT (96.7) and the silent KSRR, Provo, UT (1400) from Zeta Holdings. The deal also includes the Fort Douglas, UT-licensed translator K244DH at 96.7 FM. Mueller doesn’t own any other stations.
Pennsylvania – Over/Under files an $85,000 deal to buy AC “Sunny 1470” WLOA, Farrell, PA from Vilkie Communications. The deal includes the Youngstown, OH-licensed translator W272EI at 102.3 FM. Once the sale closes, Vilkie Communications will still own classic hits “Cool 101.7” WMVL, Linesville, PA and AC WGRP, Greenville, PA (940).
Salt Lake City – Mav Media files to transfer regional Mexican “Mi Preferida 104.7” KNIV to Aerostar Communications after defaulting on a $2.64 million promissory note signed as part of its 2011 acquisition of the station from Simmons Media. The filing says Mav Media has been in default “for a substantial period of time” and that Aerostar purchased the loan in April 2016. Aerostar already owns Spanish oldies “Placer 107.1” KEGH in the Salt Lake City market although it has had a joint sales agreement that allowed Mav Media to sell ad time on KEGH.
SALES – TRANSLATORS
Washington – First Baptist Church of Riverview files a $20,000 deal to buy the La Grande, OR-licensed translator K229BN at 93.7 FM from Elkhorn Media Group. The signal will relay Tri-Cities, WA market religious “Christian Family Radio” KOLU (90.1).
Multistate Deal – David Magnum is buying six translators from Sister Grace for a combined $18,000. The signals include the Oshkosh, WI-licensed W239CV at 95.7 FM; the Appleton, WI-licensed W247BY at 99.1 FM; the La Crosse, WI-licensed W297CT at 107.3 FM; Gladstone, WI-licensed W280GB at 103.9 FM; the Beloit, WI-licensed W239CD at 95.7 FM; and the Monroe, LA-licensed K283DA at 104.5 FM. Magnum will pay $3,000 for each of the translators.
Arizona – Stone Canyon Media Group closed a $925,000 deal to buy four stations in the Flagstaff-Prescott, AZ area from Greg Dinetz’s Grenax Broadcasting including country “Big 107.5 Kolt Country” KSED, 80s hits “Rewind 92.5” KFLX, classic rock “96.7 The Wolf” KWMX, and “97.1 The Big Talker” KBTK. Also includes are two booster signals in Flagstaff and Sedona, AZ from KWMX. Stone Canyon Media is a newly-formed group is made up of former Cherry Creek Media president Joe Schwartz, Withers Broadcasting president Dana Withers, and Emmis SVP/St. Louis market manager John Beck. The filing shows Schwartz and Beck’s Stone Canyon Radio and Marketing Group will hold a 75% stake with Withers controlling the other 25% of the company. Schwartz will relocate to the Flagstaff area to work with the cluster including current general manager Stan Pierce. Beck and Withers will remain at their current positions. Broker: George Reed, Media Services Group
Tennessee – Geraldine Lake closes a $450,000 deal to sell her controlling 67% stake in Pulaski Broadcasting to Lakeway Publishers. The move comes nearly three years after the death of her husband, Hershel Lake, who had been president of Pulaski Broadcasting. Lakeway Publishers operates a newspaper in the area, but the FCC no longer has a newspaper-broadcast prohibition. Pulaski Broadcasting owns “Country Legends 1300” WMTN and classic hits WCRK (1150) in Morristown, TN.
Visalia-Tulare-Hanford, CA – José Arredondo’s JA Ventures closed a $300,000 deal to buy talk KTIP (1450) from Larry Stoneburner’s Mayberry Broadcasting. The deal includes the Porterville, CA-licensed translator K267CG at 101.3 FM. JA Ventures already owns regional Mexican “La Ley 94.5 FM and 1370 AM” KGEN-FM & AM in the Visalia-Tulare-Hanford, CA market. Broker: Brett Miller, MCH Enterprises
Monterey-Salinas-Santa Cruz, CA – Educational Media Foundation closes a deal to spin-off one of its three FMs in the Monterey-Salinas-Santa Cruz market. Natural Bridges Media closes a $265,000 deal to buy Christian CHR “Air1” affiliate KSRI (90.7) from EMF. It plans to change the station’s call letters to KSQD and rebrand the FM as “K-Squid” after the deal is finalized. EMF still owns contemporary Christian “K-Love” affiliates KLVM (88.9) and KNVM (89.7) in the market.
Ft. Walton Beach-Destin, FL – Fleetwood Communications closed an $183,000 deal to buy classic country/oldies WZEP (1460) from Kyzer Communications. The deal includes the Defuniak Springs, FL-licensed translator W296DT at 107.1 FM. The purchase price repays what Kzyer Communications currently owns Walton County Broadcasting which sold WZEP to Jason Kyzer for $330,000 in 2014. Kzyer Communications is currently moving through a chapter 7 bankruptcy liquidation process. Buyers Tom and Lisa Fleetwood currently don’t own any other radio stations.