SALES – STATIONS
Multistate Deal – Educational Media Foundation strikes a $103.5 million all-cash deal to buy six stations from Cumulus Media, including several heritage brands. The deal includes hot AC WPLJ, New York (95.5); adult alternative “K-Fog” KFFG-FM, San Jose (97.7); “Talk 106.7” WYAY, Atlanta; hot AC “Mix 107.3” WRQX, Washington, DC; classic rock “The Rebel 105.9” WXTL, Syracuse, NY; and hot AC “102.1 The Sound” WZAT, Savannah, GA. EMF currently operates those markets, but the new signals will give it better coverage—especially in Syracuse and Savannah where it has relied on FMs on the market fringes. The move is only the first piece of what Cumulus is doing –
Multistate Deal – Cumulus Media has agreed to swap one of its two remaining New York market FM to Entercom as part of a broader exchange between the two companies. Cumulus will trade country “Nash FM 94.7” WNSH, New York; and its AM-FM combo in Springfield, MA including AC WMAS-FM (94.7) and country “Nash Icon WHLL (1450) plus the Springfield, MA-licensed translator W251CT at 98.1 FM. Entercom currently owns seven stations in the New York market, and the swap will allow it to max out its cluster there. Cumulus will still own urban AC “Radio 103.9” WNBM and talk WABC (770) in New York plus “Sports Radio 1230” WFAS in suburban Westchester County. Springfield is technically a new market for Entercom although it already owns six stations in the nearby Boston metro. In exchange for what it’s giving up, Entercom will hand over three stations in Indianapolis to Cumulus including hot AC “107.9 The Mix” WNTR, CHR WZPL (99.5) and “CBS Sports 1430” WXNT. The move amounts to Entercom exiting the Indianapolis market and Cumulus adding to its existing five-station cluster there. A local marketing agreement will allow Cumulus and Entercom to begin operating their new stations on March 1 if the swap has not yet closed.
Chicago – Alpha Media has moved to convert a local marketing agreement into a purchase in suburban Chicago. It files a $4,669,011deal to buy classic rock “103.9 The Fox” WFXF and AC “Star 105.5” WZSR from Peter Handy’s Matrix Media. The sale follows Matrix’s chapter 11 bankruptcy filing last March. Handy bought the two Chicago-area FMs for $5,527,500 in 2014 as the stations were spun-off as a result of NextMedia’s bankruptcy reorganization. Alpha and its predecessor Digity have been operating the two FMs since May 2014. It currently owns eight stations including “Q Rock 100.7” WRXQ, country WCCQ (98.3), classic hits “95.9 The River” WERV-FM, AC “Star 96.7” WSSR, hot AC WXLC (102.3), talk/sports WJOL (1340), talk WLIP (1050), and “ESPN Deportes 1220” WKRS in the market.
In order to comply with FCC ownership limits, Alpha will be required spin-off two FMs. It has simultaneously filed to spin-off WRXQ to Steven Seline’s Walnut Radio in a sale valued at $300,000. They’ll become Walnut Radio’s first stations in the Chicago metro. It already owns six stations in the Omaha, NE market.
Alpha has also reached a deal to sell WFXF to Educational Media Foundation in a deal valued at $900,000. EMF already owns six stations in the Chicago metro including contemporary Christian “K-Love” affiliates WCKL-FM (97.9), WJKL (94.3), WZKL (91.7), WOKL (89.1); “K-Love Classic” affiliate WAIW (88.1), and “Air1” affiliate WSRI (88.7).
McAllen-Brownsville, TX – Immaculate Heart Media files a $1.251 million deal to buy news/classical KHID (88.1) and KJJF (88.9) from RGV Educational Broadcasting. It’s expected Immaculate Heart will replace the mix of NPR programming and classical music with the religious “Relevant Radio” network.
Alabama – Nick Jones’ Southern Torch files a $600,000 deal to buy country “K-98.3” WKEA-FM, Scottsboro, AL and classic hits “101.7 The Storm” WMXN-FM, Stevenson, AL from Ron Livengood’s Kea Radio. The deal also includes the Scottsboro, AL-licensed translator W289BV at 105.7 FM which simulcasts WKEA-FM.
Palm Springs, CA – Tom and Desire Hoyt’s Pure Radio files a $375,000 deal to buy “Money Radio 1200” KPSF from CRC Broadcasting. The deal also includes the Cathedral City, CA-licensed translator K265FH at 100.9 FM. Pure Radio will operate the station under a time brokerage agreement until closing. Once the sale is finalized, CRC Broadcasting will still own “Team 1010AM-102.7FM” KXPS/K274DA in the Palm Springs market.
Lubbock, TX – Enrique Garza’s Christian Ministries of the Valley files a $312,500 deal to buy country “Red Dirt Rebel 105.3” KJDL-FM from Walker Broadcasting. The deal includes a $100,000 promissory note. Once the sale closes David Walker will still own classic hits “105.7 King FM” KRBL in the Lubbock market. Broker: Jason James, Patrick Communications
Columbus, OH – Percy Squire’s Stop 26-Riverbend files a $250,000 deal to buy gospel “1580 The Praise” WVKO from TSJ Media. Squire has operated the station under a local marketing agreement since March 2018. Sandblast already owns the Columbus, OH-licensed W225CS at 92.9 FM in the market. It simulcasts WVKO. Once the sale closes, TSJ Media will still own Spanish CHR “La Mega 103.1” WVKO-FM in the Columbus, OH.
Kansas – Michael Landis files a $250,000 deal to buy “Fox Sports 1340” KSEK, Pittsburgh, KS from Jerry Tibbetts. The deal also includes the Pittsburg, KS-licensed translator K300DE at 107.9 FM. The filing shows a $150,000 promissory note is part of the deal’s terms. Landis already owns sports “ESPN 1560” WMBH in the Joplin, MO market.
LaSalle-Peru, IL – Fletcher Ford’s Virden Broadcasting files a $225,000 deal to buy classic hits “Z-98.1” WZOE, classic country WRVY-FM (100.5), and “News Talk 1490” WZOE from Stephen Samet. The sale includes a $100,000 promissory note. Virden Broadcasting will operate the stations under a local marketing agreement until closing. It already owns three stations in the nearby Quad Cities market.
Long Island, NY – Erick Salgado’s Cantico Nueveo Ministry files a $200,000 deal to buy WTHE, Mineola, NY (1520) from Howard and Miriam Warshaw’s Universal Broadcasting. The deal includes a $150,000 promissory note. WTHE has been primarily off the air since Jan. 2018. Cantico Nueveo Ministry will operate the station under a time brokerage agreement until closing. It already owns Spanish contemporary Christian “Radio Cantico Nuevo” stations WNYG (1440) and WLIM (1580) as well as two FM translators in the Long Island market. It also operates WNYH (740) under a time brokerage agreement with Richard Yoon’s Win Radio Broadcasting.
Sioux City, IA – Joaquin Garza’s Fiesta Radio files a $200,000 deal to buy Spanish “Fiesta 97.1” KZOI (1250) from Cup O’Dirt. The deal also includes the Sioux City, IA-licensed K246CJ at 97.1 FM. Garza has operated the station under a time brokerage agreement since Nov. 2017. The filing says he’ll be credited $8,000 for repairs made to the station’s transmitter. Once the sale closes Cup O’Dirt will still own ‘80s oldies “Sunny Radio” KZOY (1520) and the Sioux Falls-licensed translator K227CZ at 93.3 FM in the market.
Oregon – Manny and Dawn Barbosa’s Captain Barbosa Media files a $140,000 deal to buy adult alternative “94.9 The Bridge” KBGE, Cannon Beach, OR from Mark Evan’s Spinlogic Enterprises. Captain Barbosa Media will operate the station under a time brokerage agreement until closing. Broker: MCH Enterprise
Hattiesburg-Lauren, MS – Tillman Broadcasting Network files a $95,000 deal to buy “Power Gospel” WAML, Lauren, MS (1340) from Walking By Faith Ministries. The deal also includes the Collins, MS-licensed translator W236DD at 95.1 FM. Charles Tillman already owns gospel WCHJ, Brookhaven, MS (1470). Once the sale closes Walking By Faith Ministries will still own “Power Gospel” sister WQFX (1130) in the Biloxi, MS market.
American Samoa – Larry Fuss’s Delta Radio files a $70,000 deal to buy religious KNWJ, Leone, AS (104.7) from Showers of Blessing Radio. Fuss already owns hot AC KKHJ-FM (93.1) and ethnic “V-103” WVUV-FM in American Samoa as well as stations in Mississippi.
Nevada – JDK Broadcasting files to donate the currently-silent KWNA, Winnemucca, NV (1400) to Isaac Diaz’s Fundacion Manitas Llenas. The donation also includes the Winnemucca, NV-licensed translator K221AG at 92.1 FM. KWNA has been off the air since May 2018 citing financial difficulties. JDK Broadcasting will still own “Buckaroo Country 92.7” KWNA-FM in Winnemucca once the transfer closes.
SALES – TRANSLATORS
Hawaii – Vic Michael files to swap the Honolulu-licensed translator K205FM at 88.9 FM to the Kekahu Foundation. In exchange, the Foundation hands the Haleiwa, HI-licensed translator K284AL at 104.7 FM to Michael. The deal will allow the Kauai-based ethnic Hawaiian KAQA (91.9) to better cover the Honolulu market. Michael currently carries Educational Media Foundation’s contemporary Christian “K-Love” format on his translator. But EMF-owned “K-Love” affiliate KLUU (103.5) easily covers all of Oahu including Honolulu.
New Mexico – Friends of KHFM file to donate the Ruidoso, NM-licensed translator K240CN at 95.9 FM to Rogers and Anthony Brandon’s American General Media. The signal will be used to relay “Classical 95.5” KHFM which American General Media put under control of a not-for-profit entity in 2017 to preserving the classical format in the Albuquerque market as well as allow it to acquire four FMs from Univision.
West Virginia – Williams Creek Baptist Church files to donate the Williamstown, WV-licensed translator W300AQ at 107.9 FM to the Fellowship Baptist Church of Vienna, WV. The translator is used to simulcast Fellowship Baptist’s religious “Faith Talk 1450” WHNK in the Parkersburg-Marietta, WV-OH market.
Oregon & Washington – Centro Familiar Cristiano closes a $374,500 deal to buy three full-power stations and one translator from Bustos Media. The sale includes brokered Spanish contemporary Christian KRYN (1230) in the Portland, OR market; regional Mexican KDYK (1020) in the Yakima, WA market; and Spanish contemporary Christian KULE, Ephrata, WA (730) to the north of the Tri-Cities, WA market. The deal also includes the Yakima, WA-licensed translator K229AD at 93.7 FM which simulcasts KDYK. The contracts specify $184,500 of the purchase price is attributed to KRYN; $150,000 is for KDYK and K229AD; and $40,000 is for KULE. Bustos Media still operates other stations in the Portland, Yakima and Tri-Cities markets.
Pennsylvania – Robert Lowe’s Twilight Broadcasting closes a $265,000 deal to buy AC WKQW-FM (96.3) and “1120 Fox Sports” WKQW in Oil City, PA from Clarion County Broadcasting. The deal also includes the Oil City, PA-licensed translator W281CA at 104.1 FM. Broker: Roger Rafson, CMS Station Brokerage
Arkansas – The Jonesboro Seventh-Day Adventist Church closes a deal to donate religious KJSA, Jonesboro, AR (89.7) to Radio 74 Internationale. It gives Radio 74 Internationale its second station in the state. It already owns KWHA (89.9) in West Helena, AR—which is about 100-miles south of Jonesboro.