SALES – STATIONS
Panama City, FL – Sam Rogatinsky’s Gulf Coast Broadcasting files 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 when the deadly storm snapped an STL tower in half, which punched a hole into 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 sold sister WPFM (107.9) to Educational Media Foundation for $472,000 (see below). Now the task of rebuilding operations falls to Rogatainsky, who already owns ethnic Haitian WPBR (1340) in the West Palm Beach, FL market. He’ll operate the Panama City stations under a local marketing agreement until closing. Once that happens, Powell Broadcasting will still own five stations in Sioux City, IA. Broker: Kalil
Virginia – Bristol Broadcasting Company files a $165,000 deal to buy classic hits WOLD-FM, Marion, VA (102.5) from T.E.C.O. Broadcasting. Bristol Broadcasting already owns five stations in the nearby Johnson City-Kingsport-Bristol market. WOLD-FM was previously listed in the market by Nielsen which prevented Bristol Broadcasting from owning the FM. But it was removed from the market in Jan. 2017. Now that a required two year waiting period has elapsed, Bristol Broadcasting has filed to acquire the Class A signal.
SALES – TRANSLATORS
Quad City, IA – Augustana College files a $60,000 deal to buy the Davenport, IA-licensed translator K289BI at 105.7 FM from First Ventures Capital Partners. Augustana College says it plans to simulcast news-classical WVIK (90.3) on the translator.
Mississippi – North Shore Broadcasting files a $26,000 deal to buy the Winona, MS-licensed translator W278AT at 103.5 FM from Coast Radio Group. The translator will simulcast classic country WFPR, Hammond, LA (1400).
Chicago – Educational Media Foundation closes a $1.6 million deal to buy talk WCPT-FM (92.5) from Fred Eychaner’s Newsweb Corp. The deal gives EMF its seventh station in the Chicago metro area including contemporary Christian “K-Love” affiliate WCKL-FM (97.9) which it bought from Merlin Media for $21.5 million earlier this year. It’s the second sale of a Chicago market signal for Newsweb this year. It earlier agreed to spin WYHI (99.9) to Bible Broadcasting Network in a $5.099 million deal. It still owns ethnic “Polski FM” WCPY (92.7), talk WCPT (820), ethnic WNDZ (750), Spanish “La Promesa” WAIT (850), and ethnic WSBC (1240) in the market. Broker: Bob Heymann, Media Services Group
Hawaii – Pacific Media Group closes a $1.3 million deal to buy CHR “Kong FM 93.5” KQNG-FM, classic rock “Shaka 103” KSHK, ethnic Hawaiian “95.9 Da Pa`ina” KSRF, and country KUAI (570) on the island of Kauaʻi from Ohana Broadcast Company. The also includes four FM translators including the Linue, HI-licensed translator K283CQ at 104.5 FM; the Princeville, HI-licensed K280EZ at 103.9 FM; the Eleele, HI-licensed K288GJ at 105.5 FM; and the Hanalei, HI-licensed K233AK at 94.5 FM. The deal marks an expansion onto a new island for Pacific Media Group which already owns six radio stations on Maui and another six on the Big Island of Hawaii. Frontier Capital Partners, which backs Ohana Broadcasting Company, still owns four stations in Honolulu market plus another four in the Victor Valley, CA market.
Indianapolis – Educational Media Foundation closes a $725,000 deal to buy Christian CHR “Air1” affiliate WQME (98.7) from Anderson University. EMF had already been operating the station under a local marketing agreement. It already owns three stations in the Indianapolis market including “Air1” station WQRA (90.5) and the contemporary Christian “K-Love” simulcast of WIKL (101.7) and WKLU (101.9).
Panama City, FL – Educational Media Foundation closes a $472,000 deal to buy the currently-silent WPFM (107.9) from Powell Broadcasting. EMF currently doesn’t own any stations in the market and it’s expected to put the contemporary Christian “K-Love” format on WPFM. After Hurricane Michael struck the market, Powell Broadcasting announced it would exit from the market. It has agreed to sell its three other FMs in Panama City to Gulf Coast Broadcasting for a $325,000 (see above). Broker: Kalil
Virginia – George Reed’s Monticello Media closes a $450,000 deal to buy Cumulus Media’s six-station cluster in Blacksburg, VA. The stations include country “Nash FM 107.1” WPSK-FM, hot AC “Mix 100.7” WNMX, rock “105.3 The Bear” WBRW, “CBS Sports Radio 101.7” WWBU, talk WFNR (710) and “Oldies 1460” WRAD. Also included in the sale are two FM translators including the Blacksburg, VA-licensed W278AJ at 103.5 FM which simulcasts WFNR. And the Radford, VA-licensed W300DT at 107.9 FM which simulcast WRAD. Monticello Media already owns stations in the Charlottesville, VA market. Broker: Media Services Group
North Carolina – Norberto Sanchez’s Norsan Group closes a $350,000 deal to buy oldies WLSG, Wilmington, NC (1340) from B&M Broadcasting. The deal also includes the Wilmington, NC-licensed translator W231CL at 94.1 FM that allows the station to brand itself as “94.1 The Beach.” The filing shows the deal includes a $300,000 promissory note. Norsan Group doesn’t currently own any stations in the Wilmington area. After the deal closes B&M Broadcasting will still own WSME (1120) in nearby Camp Lejeune, NC which has been relaying WLSG. Broker: Jorgenson Broadcast Brokerage
Kentucky – Beth Mann’s Ham Broadcasting Company closes a $137,500 deal to buy classic hits “The Tiger” WPKY, Princeton, KY (1580) from Tiger Media. The deal includes the Princeton, KY-licensed translator K277CK at 103.3 FM. Ham Broadcasting Company already owns country WKDZ-FM (106.5), oldies WKDZ (1110), and oldies WHVO (1480) in the area.
Texas – Centro Cristiano de Vida Eterna closes an $110,000 deal to buy Spanish religious “Radio Vida Vision” KBYC, Markham, TX (104.5) from Tomlinson-Leis Communications. It will become the ninth full-power station in Texas for Centro Cristiano de Vida Eterna which in addition to its current portfolio of eight FMs also owns 16 FM translators. Seller Tomlinson-Leis Communications recently closed a deal to sell its other FM in Markham, TX in a $150,000 sale of classic hits “Happy Radio 92.5” KKHA to GlobeCom. Broker: Media Services Group
Oklahoma – Chad and Shelley Fox’s Fuchs Broadcasting closes a $60,000 deal to buy rock “K-Howl 98.7” KHWL, Lone Wolf, OK from Wolf Korgyn’s Wolfpack Media. Fuchs Broadcasting already owns four stations in the southwest Oklahoma including “Classic Hits 97.7” KHIM, CHR “107 The Zone” KTIJ, “100.3 The Sports Animal” KJCM, and classic country KTJS (1420).
Ohio – Robert and Kim Scharnhorst close a $30,000 deal to buy urban AC WDIG, Steubenville, OH (950) from World Witness for Christ Ministries. Robert and Kim Scharnhorst don’t own any other stations.
Eau Claire, WI – LBN closes a deal to donate contemporary Christian WWJC (101.5) to the Salvation Poem Foundation. The Salvation Poem Foundation already own contemporary Christian “Prayz Network” stations WTPN (103.9) and WEQS (89.3) in the La Crosse, WI market.
Illinois – Public Reality Radio closes a deal to donate variety WPJC, Pontiac, IL (88.3) to 2820 Communications. The station is second owned by Catholic broadcaster 2820 Communications. It already owns “Spirit Radio 89.5” WSPI in the nearly Bloomington, IL market. In a separate but related deal, 2820 Communications has filed a $10,000 deal to buy the Lincoln, IL-licensed translator W246CO at 97.1 FM from Cornerstone Community Radio which will simulcast WSPI.