SALES – STATIONS
Boston – Educational Media Foundation has struck a $10.75 million deal to buy rock WAAF (107.3) from Entercom. EMF currently owns the Methuen, MA-licensed translator W287CW at 105.3 FM and the Lawrence, MA-licensed translator W260AS at 99.9 FM in the market both of which airs its contemporary Christian “K-Love” format to Boston’s northern suburbs. EMF will begin programming WAAF on February 22. Once the sale closes Entercom will still own five stations in the Boston market including CHR “103.3 Amp Radio” WODS, hot AC “Mix 104.1” WWBX, AC “Magic 106.7” WMJX, sports WEEI-FM (93.7) and sports WEEI (850). Entercom will continue to air WAAF as an HD2 channel on WWBX and WEEI-FM.
Toledo – Lora Koralewski and Daniel Haslinger’s Patton Advertising Enterprises files a $995,000 deal to buy country “107.7 The Wolf” WPFX-FM from Toledo Radio. The deal includes a $225,000 promissory note.
Salisbury-Ocean City, MD – American University is spinning off its FM in on Maryland’s Eastern Shore. It has struck a $537,500 deal to sell WRAU (88.3) to Delaware Public Media. The station simulcasts news-talk WAMU Washington (88.5). The deal includes a $437,500 promissory note that will be paid in two installments in the two years after the sale closes.
American University says WRAU makes up just over 2% of WAMU’s weekly broadcast audience and the costs tied to operating WRAU could be better spent on digital and new broadcast formats. It notes the national program offerings of WAMU and Delaware Public Media are similar.
Atlanta – RC Media Partners files a $352,500 deal to buy Spanish contemporary Christian “Vida 1010” WTZA from K&Z Broadcasting. The deal also includes a construction permit for the Norcross, GA-licensed translator W227DN at 93.3 FM. RC Media Partners will operate the stations under a time brokerage agreement until closing. It has announced plans to launch a talk format on the stations. K&Z Broadcasting bought the station for $1.1 million in 2015.Broker: Griffin Media Partners
Reno, NV – Harry and Bonnie Dixon file a deal to buy a minority stake in adult standards “Easy 104.1” KUEZ from John Burkavage’s Big Horne Media. They will pay $200,000 for a 73% interest in the station. Burkavage will retain a 27% share.
Ohio – Alan Stockmeister’s Jackson County Broadcasting files a $150,000 deal to buy “Classic Rock 98.7” WYRO, McArthur, OH from Davis Broadcasting Media. Jackson County Broadcasting has been operating WYRO under a time brokerage agreement since 2006.
Texas & New Mexico – Faustino Robles’ T&N Enterprises West Texas files an $80,000 deal to buy contemporary Christian “The Spirit” KDAV Lubbock, TX (1500); hot AC “The Pulse” KRIA, Plainview, TX (103.9); classic hits KKNM, Bovina, TX (96.5); and classic hits KKYC, Clovis, NM (102.3) from High Plains Radio Network.
SALES – TRANSLATORS
Missouri – John Beck’s STL Broadcasters files a $450,000 deal to buy the Saint Peters, MO-licensed translator K268CT at 101.5 FM from Kaspar Broadcasting. The deal includes a $420,000 promissory note. Beck is a SVP at Emmis who also separately is one of the owners of Stone Canyon Media which owns four stations in Flagstaff, AZ.
Iowa – Lakes Area Christian Radio files to donate the Estherville, IA-licensed translator K257CH at 99.3 FM to the University of Northwestern-St. Paul. The signal will replay Duluth, MN market contemporary Christian “Life FM” WJRF via the Spirit Lake, IA-licensed translator K210CG at 89.9 FM.
Columbia, SC – Augusta Radio Fellowship Institute closes on a $2 million deal to buy gospel WFMV-FM (95.3) from Glory Communications. The Institute already owns Spanish religious “Radio Amistad” WBLR (1430) in the market. Glory Communications still owns gospel WFMV (620) and talk “The Point” WQXL (1470) in the market.
Sacramento – Ranjit Singh Bajwa and Sarabjit Kaur Dahiya’s Dabaj closes a $1.4 million deal to buy ethnic “Radio Punjab” KRPU (1210) from New Media Broadcasting. Dabaj doesn’t own any other stations. Once the deal closes New Media Broadcasting will still own stations in the San Francisco; Seattle; Bakersfield, CA; and Visalia-Tulare-Hanford, CA markets.
New Orleans – Equity Media has closed a $550,000 deal to buy talk WBOK (1230) from Bakewell Media. Equity Media is a group that includes actor Wendell Pierce, a New Orleans native, in addition to Spears Group president/CEO Cleveland Spears, Henry Consulting managing partner Troy Henry, and Thomas Media Services founder Jeff Thomas. Each will hold a 25% stake in the station.