SALES – STATIONS
Dallas – James Su’s Dallas Major Radio files a $1.8 million deal to buy ethnic Mandarin-language KTXV (890) from Bustos Media. Su has been operating the station under a time brokerage agreement since 2012 and the $1.7 million worth of monthly fees he’s paid to operate KTXV will be credited toward the purchase price. Su also paid $100,000 in 2012 under an option agreement, meaning the full purchase price has already been satisfied. KTXV is a 20,000-watt daytime-only station.
Daytona Beach, FL – Susan Hall files a $650,000 deal to buy soft AC WLOV-FM (99.5) from Paul Stone. The purchase price reflects $450,000 for the license plus an additional $200,000 to cover construction costs. Stone’s Southern Stone Communications currently operates WLOV-FM under a local marketing agreement. Southern Stone owns four stations in the Daytona Beach market.
Texas – Jorge and Ana Suday file 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.
New York – Colonial Radio Group spins-off one of its three stations in the Olean, NY market. Family Life Ministries will pay $306,000 to buy country “103.9 The Eagle” WAGL. The deal also includes the Smethport, PA-licensed translator W285ES at 104.9 FM and an FM booster for WAGL in Bradford, PA. Once the sale closes, Colonial Radio Group will still own country “The Eagle” WVTT (96.7) and classic rock “The Mountain” WXMT (106.3) in the Olean market. The contract also stipulates that Family Life will release the WAGL call letters which will be placed on WVTT.
New York – Stratton Radio Broadcasting has struck a $285,000 deal to buy classic hits WYLF, Penn Yann, NY (850) from Jeff Pearce’s MB Communications. The deal also includes the Penn Yann, NY-licensed translator W230CZ at 93.9 FM. Stratton Radio Broadcasting is headed by Tim Stratton, a Phoenix attorney who said he grew up “in an entrepreneurial family and has always wanted to own his own radio station.” Broker: George Kimble, Kozacko Media Services
SALES – TRANSLATORS
Virginia – Calvary Chapel of Roanoke files to sell the Roanoke, VA-licensed translator W230CH at 93.9 FM to the Calvary Chapel of Lynchburg for one dollar. The signal simulcasts Roanoke-Lynchburg, VA market contemporary Christian “Spirit FM” WRXT (90.3).
Tucson & Boise, ID – Jim Kalmenson’s Lotus Communications has closed an $8 million deal to buy eight station sin two markets from the E.W. Scripps Company. In the Tucson, AZ market it buys AC “94.9 Mix FM” KMXZ-FM, sports “ESPN Tucson” KFFN (1490), news/talk KQTH (104.1), rhythmic AC “106.3 The Groove” KTGV and the Tucson-licensed translator K285DL at 104.9 FM which rebroadcasts KFFN. Lotus already owns four stations in the Tucson market including classic rock KLPX (96.1), alternative “Rock 102” KFMA, regional Mexican “La Caliente” KCMT (92.1), and Spanish adult hits “La Buena 94.3” KTKT. In order to comply with FCC ownership limits Lotus has announced plans to spin-off two FMs. Bustos Media has agreed to buy KTGV for $1 million. And Family Life Broadcasting is buying KQTH for $800,000. In the Boise, ID market Lotus buys classic rock “J105” KJOT (105.1), rock “100.3 The X” KQXR, adult alternative “94.9 The River” KRVB (94.9) and classic hits “107.1 K-Hits” KTHI. Scripps has now completed all transactions in the divestiture of its radio division. Total proceeds were $83.5 million. Broker: Kalil
Missouri & Arkansas – Paul Coates and Mike Huckabee have closed a $6.5 million deal to buy five full-power stations and two FM translators from Earls Broadcasting. In the Branson, MO area the deal includes classic country KRZK (106.3), AC “My 100.1” KOMC-FM, classic hits KCAX (1220) and the Branson, MO-licensed translator K251BZ at 98.1 FM which relays KCAX to create the “Classic Hits 98.1” brand. Across the state line in Harrison, AR Coates and Huckabee file to buy country “102.9 The Z” KHBZ, and AC KHOZ (900). The deal also includes the Harrison, AR-licensed translator K235CE at 94.9 FM which simulcasts KHOZ. Coates and Huckabee have operated the stations under a local marketing agreement since Oct. 2017. In a related deal Coates and Huckabee have also filed a $1.2 million deal to buy the Branson, MO low-power TV station KBNS (channel 36) from Earls Broadcasting. Branded as “The Vacation Channel” the television station airs tourist information. Coates and Huckabee already own four-station clusters in the Pine Bluff, AR and Tyler-Longview, TX markets. But in April they struck a lease agreement with PB Radio to operate their four Pine Bluff stations, including classic country “The Hog 98.1” KTPB, “Super Oldies 99.3” KHUC, urban AC “The Beat 101.3” KPBA and AC “K-Train 104.5” KTRN. PB Radio has an option to purchase the Pine Bluff cluster.
Sarasota-Bradenton, FL – The Lake Erie College of Osteopathic Medicine closes a $520,000 deal to buy oldies WSRQ (1220) from Jim Lampl’s Florida Talk Radio. The deal includes two FM translators: the Sarasota, FL-licensed W295BH at 106.9 FM and the construction permit for the Venice, FL-licensed W240DP at 95.9 FM. The station dropped its longtime talk format at the end of June and currently brands as “Hitland 106.9.” Broker: Michael Bergner
Michigan – Tim Ellis’ TSE Broadcasting closes a $296,000 deal to buy classic hits “Eagle 95.1” WUPN, Paradise, MI from Kent Smith’s Darby Advertising. The deal includes a booster signal in Sault Ste. Marie, MI. Rather than make any cash payment, TSE Broadcasting has signed a promissory note which will require it to make 240 payments to the seller during the next 25-years. Ellis doesn’t own any other stations but he knows WUPN well since he currently works as the station’s morning personality.
Lubbock, TX – Flores Communications closes a $140,000 deal to buy country “Red Dirt Rebel 105.3” KJDL-FM and contemporary Christian KJDL (1420) from Walker Broadcasting & Communications. The deal also includes the Lubbock-licensed translator K254CI at 98.7 FM. The sale replaces a deal filed last year but never consummated that would have seen Victor Flores pay $275,000 for just the AM and the FM translator. Flores doesn’t own any other stations. Seller Dave Walker will still own classic hits “105.7 King FM” KRBL in the mark.
Michigan – Travis Sumbera’s Two Hearted Media files a $100,000 deal to buy hot AC “96.7 Flash FM” WMJT, McMillan, MI from Dave Smith. Rather than make any cash payment, Two Hearted Media has signed a promissory note which will require it to make 96 payments to the seller during the next eight years. Sumbera doesn’t own any stations but he’s pretty familiar with WMJT since he is currently the station’s general manager and sales manager. Smith won’t be out of radio entirely with the sale. He currently has a pending deal in the Traverse City, MI market to swap “Straits Country 95.3” WWSS to Black Diamond Broadcast Group in exchange for classic rock “97.7 The Bear” WCHY.
Montana – Educational Media Foundation has closed a $30,000 deal to by religious “Fresh Life Radio” KFLF, Somers, MT (91.3) from the Fresh Life Church. EMF already owns contemporary Christian “K-Love” affiliate KLKM (88.7) in the area as well as the Kalispell, MT-licensed translator K224DV at 92.7 FM. In a related deal, EMF has struck a $25,000 deal to buy the Kalispell, MT-licensed translator K255CH at 98.9 FM from Edgewater Broadcasting. The translator currently carries the “Fresh Life Radio” network. Fresh Life Church still owns KYWH (88.9) in the Billings, MT market.
Texas – Travis Mariner’s Forum Broadcasting closes a deal to transfer country KDLK-FM (94.1) and “News Radio 1230” KDRN in Del Rio, TX to Larry Mariner. No cash is changing hands as part of the deal which effectively reverses a transfer made in 2017.