SALES – SALES
Los Angeles – Meruelo Media Holdings files to sell a 10% stake in three of its southern California radio stations to Luis Armona, Executive VP at Meruelo Enterprises. Armona will pay $1.5 million for the interest, a move that puts the value on the stations at just $15 million. The stations include classic rock KLOS (95.5), Spanish CHR “Cali 93.9” KLLI, classic hip-hop KDAY (93.5) and its Riverside-San Bernardino market simulcast KDEY-FM (93.5). Armona already holds a 10% stake in Meruelo Media’s rhythmic CHR “Power 106” KPWR, Los Angeles.
Memphis – The University of Memphis files to transfer the license for jazz “U-92” WUMR to Crosstown Radio Partnership, a newly-created not-for-profit that will preserve and operate the station’s format. Crosstown Radio Partnership members include the University of Memphis, the Daily Memphian newspaper, and Crosstown Concourse, a mixed-use development in Memphis. Under the terms of the deal, Crosstown will operate WUMR and lease the station’s equipment and infrastructure. The University will contribute $100,000 per year to Crosstown to help pay for WUMR’s operations. The Daily Memphian also agrees to provide WUMR local newscasts running two to five minutes as well as a weekly public service program. It also agrees to help the station acquire underwriting dollars. The transfer secured the approval of the University’s board of trustees in December.
Colorado – Gary Schwedt’s Rocky Mountain Radio Group files a $225,000 deal to buy classic hits KSNO-FM, Snowmass Village, CO (103.9) from Tom Dobrez’s Cool Radio. Rocky Mountain Radio Group already owns adult alternative “97.7 The Zephyr” KZYR in the Aspen-Vail region. Once the sale closes, Dobrez will still own Cool Radio Streaming, a company that provides streaming services to radio stations. Broker: Kozacko Media Services
Texas – Christian Ministries of the Valley files a $150,000 deal to buy regional Mexican KZIP (1310) in the Amarillo market and Tejano “La Caliente” KICA-FM, Farwell, TX from High Plains Radio Network. The deal also includes the Amarillo, TX-licensed translator K224EF at 92.7 FM which simulcasts KZIP. Christian Ministries of the Valley doesn’t currently own any Amarillo market stations but KICA-FM will overlap with its Spanish-language religious station “Radio Vida” KPCV, Portales, NM (91.7).
Terre Haute, IN – Bethel Baptist Church files a $35,000 deal to buy WVWG (88.9) from Calvary Radio Network. Bethel Baptist Church currently owns religious WYTJ, Linton, IN (89.3) which covers the southern portion of the Terre Haute market. WVWG went silent in October after a farmer filling the silo at its antenna site struck and pulled a guy wire causing the structure to fall.
Chattanooga, TN – Marshall Bandy files a $30,000 deal to buy contemporary Christian WJTW, Bridgeport, AL (1480) from Anthony Bono. The deal also includes the Chattanooga, TN-licensed translator W239CO at 95.7 FM that simulcasts WJTW. Bandy already owns oldies “The Legend 1070” WFLI in the market. Once the sale closes, Bono will still own contemporary Christian “J-103” WJLJ in the Chattanooga market.
Vermont – Steven Silberberg’s Northeast Broadcasting Company files a deal to buy variety WRSA (1420) from Eric and Tiffany Miller’s Radio Sound. The deal also includes the St. Albans, VT-licensed translator W262DH at 100.3 FM. The sale is valued at one dollar plus assumption of debt related to the station. The move essentially reverses a purchase made last year when Radio Sound bought the stations for $150,000. Northeast Broadcasting Company already owns four stations in the area including “Rock 103.3” WWMP, adult alternative “The Point” WNCS (104.7)/WDOT (95.7), and “CBS Sport 1240” WSKI.
SALES – TRANSLATORS
Montana – Montana State University-Billings files a $20,000 deal to buy the West Yellowstone, MT-licensed translator K290CA at 105.9 FM from Ted Austin. The signal already simulcasts news-talk/classical “Yellowstone Public Radio” KMBC, Bozeman, MT (102.1).
Atlanta – Edgewater Broadcasting files to donate the Atlanta, GA-licensed translator W257DF at 99.3 FM to Radio By Grace. The signal currently relays “Jazz 91.9” WCLK.
Seattle – Edgewater Broadcasting files to donate the Tacoma, WA-licensed translator K262CI at 100.3 FM to Radio By Grace. The signal simulcasts religious KYFQ (91.7).
Florida – Edgewater Broadcasting files to donate the Macclenny, FL-licensed translator W281AM at 104.1 FM to Radio By Grace. The signal simulcasts Educational Media Foundation’s contemporary Christian “K-Love” affiliate WJKV, Jacksonville, FL.
South Dakota – Edgewater Broadcasting files to donate the Rapid City, SC-licensed translator K260BT at 99.9 FM to Radio By Grace. The signal currently simulcasts Bott Radio Network’s religious KASD (90.3).
Montana – Edgewater Broadcasting files to donate the Missoula, MT-licensed translator K232CI at 94.3 FM to Radio By Grace. The translator simulcasts religious KJCG (88.3).
Montana – Edgewater Broadcasting files to donate the Evergreen, MT-licensed translator K250BP at 97.9 FM to Radio By Grace. The signal currently simulcasts AC “Magic” KQDE, Evergreen, MT (1340).
Illinois – Good News Radio closes a $1.1 million deal to buy seven full-power stations and seven FM translators from Cornerstone Community Radio. The stations include WLUJ, Springfield, IL (89.7); WLWJ, Petersburg, IL (88.1); WRLJ, White Hall, IL (88.3); WJWR, Bloomington, IL (90.3); WHPA, Macomb, IL (89.7); WLLM-FM, Carlinville, IL (90.1); and WLLM, Lincoln, IL (1370). The deal also includes seven FM translators including the Bloomington, IL-licensed W284BT at 104.7 FM; the Beardstown, IL-licensed at 93.5 FM; the Decatur, IL-licensed W261CQ at 100.1 FM; the Jacksonville, IL-licensed W228BB at 93.5 FM; the Springfield, IL-licensed W287CK at 105.3 FM; the Lincoln, IL-licensed W287BP at 105.3 FM; and the Lincoln, IL-licensed W261AF at 100.1 FM. All of the stations and translators have carried a religious format.
Pennsylvania – Vic Michael closes a $160,000 deal to buy “Talk Radio 1380” WMLP, Milton, PA from Roger Haddon’s Sunbury Broadcasting. The deal also includes the Milton, PA-licensed translator W233CP at 94.5 FM. Sunbury Broadcasting still owns four stations in the Sunbury-Selinsgrove-Lewisburg, PA market.
Columbus, OH – The Ohio State University closes a deal to buy the currently-silent WDUB (91.1) from Denison University. The purchase includes $5,000 cash plus an agreement by Ohio State to air promotional announcements for Denison University during the next four years on its radio and television properties worth a combined $47,040. That will include 120 underwriting spots on WOSU radio per month and 150 promotional spots on WOSU-TV. Ohio State will also create an internship program for Denison students interested in broadcasting. The sale doesn’t include the WDUB call letters which had been used for Denison’s “The Doobie” format. It continues as an online station.
Syracuse, NY – Craig Fox’s Wolf Radio closes a $25,000 deal to buy the currently-silent WOSW (1300) from Pathway Community Radio. The move reverses a 2017 deal that saw Wolf Radio sell the AM to Pathway Community Radio for $20,000. Wolf Radio already owns five stations in the market including country “92.1 The Wolf” WOLF-FM, classic hits “The Dinosaur” WSEN-FM/WFBL (103.9/1390), gospel WSIV (1540), and “Fox Sports 1490” WOLF.