SALES – STATIONS
Louisville, KY – World Broadcasting Network has exercised an option to buy three radio stations and two FM translators that it’s been operating under a time broker agreement with Salem Media Group since January 2017. Salem will receive $4 million for the properties, a little less if the deal closes by March 31. Stations included in the transaction are religious teaching “The Spirit” WFIA-FM & AM (94.7, 900) and news/talk “970 AM The Answer” WGTK. The deal also includes a pair of Louisville-licensed translators: W297BV at 107.3 FM, which rebroadcasts WFIA, and W228EO at 93.5 FM, which rebroadcasts WHTK. If the deal closes by March 31, the buyer gets a $250,000 credit from Salem to be used for the purchase. In addition, the buyer gets a credit for the monthly fees it paid Salem under the TBA for months four through 29 along with $2,000 per month after that; and a credit for the $450,000 option to buy payment it already made under the TBA.
New Mexico – Don Davis’ Vanguard Media files a $375,000 deal to buy adult alternative “96.7 The Oasis” KSFE, Grants, NM from Arthur Brooks’ Royal Diversified Industries. Vanguard Media currently owns three stations in the nearby Albuquerque market including CHR “Z-106.3” KDLW, AC “Cindy 101.3” KRKE-FM, and soft AC “The Oasis” KOAZ (1510).
Texas – Xavier Cantu files an $83,000 deal to buy regional Mexican “98.7 La Mejor” KOTX, Hebbronville, TX from Jose Antonio Aguilar. Cantu doesn’t own any other stations.
Alaska – The Athabascan Fiddlers Association files an $1,180 deal to buy variety-news/talk KNNA-FM, Nenana, AK (99.1) and the construction permit KRLL-FM, Circle, AK from Big River Public Broadcasting. The Athabascan Fiddlers Association currently owns KRFF, Fairbanks, AK (89.1) and KTKF, Tok, AK (89.5). Once the sale closes, Big River Public Broadcasting will still own 14 FMs and three translators in Alaska.
SALES – TRANSLATORS
Salt Lake City – Cache Valley Media Group files a $17,000 deal to buy the Salt Lake City, UT-licensed translator K252DI at 98.3 from Brent Larson. Cache Valley Media Group already uses the signal to simulcast CHR KVFX (94.5).
Minnesota – Leighton Enterprises closes a $3.4 million deal to buy hot AC “Z-99” KXRZ, classic rock “KX-92” KXRA-FM and “News Talk Radio 1490” KXRA in Alexandria, MN from Paradis Broadcasting. The deal also includes two FM translators including the Alexandria, MN -licensed K262AT at 100.3 FM and the Glenwood, MN-licensed K289CL at 105.7 FM. Both signals simulcast KXRA. Leighton Enterprises will pay an additional $240,000 for the studio and land used by the stations. No programming changes are planned and Brett Paradis will remain with the cluster, serving as general manager. Leighton Enterprises already owns stations in St. Cloud, Fergus Falls, Perham, and Detroit Lakes.
Morgantown-Clarksburg-Fairmont, WV – AJG Broadcasting closes a $415,000 deal to buy “Classic Country Hits 104.9” WPDX-FM and its simulcast WPDX (750) from Tschudy Communications. The deal also includes the Clarksburg, WV-licensed translator W238DF at 95.5. AJG Broadcasting already owns four stations in the market including rock WCLG-FM (100.1) and its simulcast WBTQ (102.3), classic country “The River 93.1” WFGM-FM, and AC “Morgan 1300” WCLG.
Ohio – River Radio Ministries closes a $235,000 deal to buy religious “The New 90.9 the River” WFCO, Lancaster, OH from the Lancaster Educational Broadcasting Foundation. River Radio Ministries already owns three other religious stations in the Columbus, OH region under “The River” branding.
Traverse City-Petoskey-Cadillac, MI – 45 North Media closes a $68,000 deal to buy classic hits “Eagle 101.5” WMTE-FM (101.5) from Mitten Media. 45 North Media already owns “Eagle 101.5” WMJZ, Gaylord, MI and under an Oct. 2018 local marketing agreement it has been simulcasting that programming on WMTE-FM. Mitten Media has a pending deal to sell its only other radio station in the Traverse City-Petoskey-Cadillac, MI market – WWMN (106.3) – to Blarney Stone Broadcasting.
South Carolina -- Georgia-Carolina Radiocasting closes on its donation of AC “The Lake” WSNW, Seneca, SC (1150) to Toccoa Foundation. Both entities are owned by Art Sutton and Terry Carter. Under the new company WSNW will be changed to a noncommercial station.