S A L E S
Stan Kroenke’s KSE Media Ventures files a $3.8 million deal to buy “Cruisin’ Oldies AM 950” KRWZ from Entercom. KSE is the owner of the Denver Nuggets and Colorado Avalanche and both team’s play-by-play already airs on KRWZ. KSE announced in October that it will pay $54 million to buy three other Denver stations from Wilks Broadcasting including hot AC “Mix 100” KIMN, classic hits “Kool 105” KXKL-FM and country “92.5 The Wolf” KWOF. Entercom has moved the oldies format over to the former adult standards station KEZW which has become “Cruisin’ 1430 AM.” Broker: Clifton Gardiner & Company
John and Brannigan Tollett’s 3B Properties files a $612,500 deal to buy classic hits “105.7 The Hog” WIHG from Kevin Adams’ Crossville Radio. 3B Properties already owns WVLV, Byrdstown, TN (98.9) – a Class A construction permit covering an area along the Tennessee-Virginia border to the northwest of Knoxville.
Todd Robinson buys out retiring business partner Michael Kidd’s 50% stake in Radio Greenbrier for $27,680 in cash and an 85-month promissory note valued at $252,481. The agreement also states that if Robinson sells the stations at any time during the next 20 years for more than $650,000 he will pay Kidd a 50% share of the increased value up to $1.5 million. Radio Greenbrier owns country “103.1 The Bear” WRON-FM, Lewisburg; hot AC “The New 95” WRLB, Rainelle; “News Talk 1400” WRON, Ronceverte; and the currently-silent WSLW, White Sulphur Spring (1310).
Chicago Public Media files a $250,000 deal to buy suburban WKCC, Kankakee, IL (91.1) from Kankakee Community College. The deal also includes $100,000 worth of underwriting announcements for the College on Chicago Public Media’s WBEZ (91.5) during the next five years. WKCC’s news-talk/classical format has begun simulcasting WBEZ under a programming agreement. Broker: Pubic Media Co.
Michael Wrenn and Becky Cole’s My Country Radio files a $245,000 deal to buy “My Country 99.1” KDWD, Marceline, MO from William Wachter’s My Town Media. My Country Radio has been operating the station under at time brokerage agreement since July 2014.
Iowa & Illinois
Carolyn Becker’s Riverfront Broadcasting files a $100,000 deal to buy soft AC “Easy Rock 93.9” WCEZ, Carthage, IL and adult standards/talk KOKX, Keokuk, IA (1310) from Withers Broadcasting. Riverfront Broadcasting owns eight stations in Iowa already, but none are in the Keokuk area. Broker: Patrick Communications
The Domestic Church Media Foundation files a $75,000 deal to buy Spanish-language WGYM (1580) from Access.1 Communications. The Foundation already owns the religious teaching stations WFJS-FM (89.3) in the Monmouth-Ocean, NJ market and WFJS (1260) in the Trenton, NJ market. It plans to convert WGYM to a noncommercial operation. The sale further shrinks Access.1’s footprint down to an AM station in New York; two FMs in Shreveport, LA; and an AM in Tyler-Longview, TX. Broker: Thomas McKinley, Media Services Group
Siga Broadcasting files a $40,000 deal buy the Huntsville, TX-licensed translator K226BY at 93.1 FM from Gerald Proctor. The filing says the translator will simulcast adult standards KMVL, Madisonville, TX (1220). Proctor previously filed a $35,000 deal in October to sell the translator to Robert Ramos.
Aaron Howard’s Genesis Multimedia Group files a $35,000 deal to buy the Melbourne, FL-licensed translator W288CG at 105.5 FM from Edgewater Broadcasting. Genesis plans to relocate the signal to the Ft. Myers-Naples where it has pending deal to buy WCRM (1350) from Manna Christian Missions for $450,000. WCRM currently airs a brokered format targeting the Haitian community.
Absolute Communications files a $35,000 deal to buy the Worthington, MN-licensed translator K262AR at 100.3 FM from Refuge Media Group. Absolute will use the signal to simulcast “News Radio 730” KWOA. The translator had been part of Refuge Media Group’s Christian CHR “Refuge Radio” network which is based at WJRF, Duluth (89.5). Broker: Phoenix Media Group
Mid-West Management files a $35,000 deal to buy the Galena, IL-licensed translator W227BL at 93.3 FM from First Ventures Capital Partners. The filing says the signal will continue to simulcast American Family Radio’s KIAD, Dubuque, IA (88.5).
East of San Deigo, Sunnylands Broadcasting files a $30,000 deal to buy the Spring Valley, CA-licensed translator K232FE at 104.9 FM from Educational Media Foundation. Sunnylands is expected to move the signal to the Palm Springs market where it owns three stations including “Fox Sports 1270” KFSQ.
Educational Media Foundation sells the Saratoga Springs, NY-licensed translator W226BU at 93.1 FM to Tom McAuliffe’s First Class Radio for $30,000. EMF still owns two full-power stations in the market including contemporary Christian “K-Love” outlet WYKV (94.5) and Christian CHR “Air 1” outlet WYAI (93.7). McAuliffe will relocate the translator to Milford, MA where he owns WMRC (1490).
Vision Media Group files a $30,000 deal to buy the Prescott, AR-licensed translator K205CQ at 88.9 FM from First Ventures Capital Partners. The filing says the translator will simulcast American Family Radio’s KNLL, Nashville, AR (90.5).
Douglas Wilber files a $30,000 deal to buy the Deerfield, MI-licensed translator W240CT at 95.9 FM from Spring Arbor University. The signal will be moved to Ohio where Wilber will simulcast “Gold Country 1320” WOBL, Oberlin, OH.
Jonathan Smith’s Lincoln-Garrard Broadcasting files a $30,000 deal to buy “Sports Talk 1450” WWXL, Manchester, KY from Juanita Nolan. Lincoln-Garrard Broadcasting already owns nine stations in the area but only country “K-105.7” WTBK, Manchester, KY overlaps with WWXL.
C L O S I N G S
Connoisseur Media closes on the $2 million sale of three Bloomington-Normal, IL stations to Neuhoff Media. The cluster includes CHR “Hits 100.7” WWHX, adult hits “Bob FM 97.7” WBBE, and “96.7 I-Rock” WIHN. Neuhoff owns a dozen other stations in the Illinois markets of Decatur, Springfield and Danville.
Salem Media Group closes a $375,000 deal to buy KDIZ (1440) from the Walt Disney Company. It joins a Minneapolis-St. Paul cluster where Salem already owns talk “AM 1280 The Patriot” WWTC, religious “AM 980 The Mission” KKMS, and “Business News 1570” KYCR. Salem has moved the business news format over to KDIZ and launched “Business 1440.” KYCR is currently stunting. Broker: Bill Schutz
Gordon Ichikawa’s Tower Broadcasting closes a $300,000 deal to buy hot AC “V-98.3” WVIN-FM and “NBC Sports Radio 1380” WABH in the Elmira-Corning, NY market. The stations have been operated by broker Dick Foreman, put in charge by a New York State court in December 2013 after previous owner Pembrook Pines defaulted on loans held by the ACM Browncroft Trust. Tower Broadcasting earlier closed a $1.13 million deal to buy an additional four stations and four translators from Pembrook Pines in the Elmira-Corning market including sports “NBC Sports Radio 1410” WELM, adult standards “1600 Favorites” WEHH, CHR “94 Rock” WLVY (94.3) and country WOKN (99.5). Broker: Dick Foreman
Salem Media Group closes a $275,000 deal to buy talk “1260 The Answer” WSDZ from the Walt Disney Company. The deal gives Salem its first station in the St. Louis metro. It also marks the end of the liquidation of the former “Radio Disney” stations other than KDIS, Los Angeles (1110). Broker: Bill Schutz
South of St. Louis, Dockins Communications expands its holdings as it closes a $250,000 deal to buy KLMZ, Leadwood, MO (107.1) from Sebago Broadcasting. Fred Dockins had been operating KLMZ under a time brokerage agreement since December 2014. The station simulcasts Dockins’ rock “The Zone” format that also airs on KDKN, Ellington, MO (106.7). The addition of KLMZ will bring Dockins cluster to seven stations, including country “Froggy 96” KYLS-FM, “Kickin Country 105” KPWB-FM&AM (104.9, 1140) and the oldies simulcast KTNX/KYLS (103.9, 1450).
Jerry Tibbets’ Triple T Plus Two Inc. closes a $15,000 deal to buy “Fox Sports Radio 1340” KSEK, Pittsburg, KS from the Southeast Kansas Independent Living Resource Center. He already owns sports “ESPN 1560” WMBH (1560) in the Joplin, MO market. Tibbets is a Boise, ID-based contract broadcast engineer who has already been doing work for KSEK. Under the terms of the contract he agrees to give the Center a total of three :30-second commercials per day for two years after closing.
Brad Moran’s Ramar Communications closes on its swap of swap sports “Double T-104.3” KTTU-FM to Manuela Barton’s Barton Broadcasting Company in exchange for Tejano “Power 106” KEJS (106.5). Both are Class C2 FMs. The formats will remain with each station. The filling says no cash is changing hands as part of this deal however in July Barton Broadcasting signed a $40,000 promissory note agreeing to pay Ramar $44,780 by March 2019 to cover outstanding tower and transmitter building lease payments. Ramar also owns hot AC “97.3 Yes FM” KLZK, classic hits “107.7 The Eagle” KLBB-FM, Tejano “Magic 93.7” KXTQ-FM, and news-talk KJTV (950, 100.7), in addition to local Fox TV affiliate KJTV-TV and local CW Network affiliate KLCW-TV.
American Family Association closes a deal to buy WAIJ, Grantsville, MD (90.3) from He’s Alive Radio for $10. The station now carries the religious teaching American Family Radio format.