SALES – STATIONS
Chicago – Nexstar Media Group has filed its $4.1 billion deal to buy Tribune Media, including Tribune’s sole radio property, news-talk WGN (720) in Chicago. Nexstar’s real target is the 42 television stations it will acquire, making it the largest operation of local TV stations in the country. The filing says it will need to spinoff some television assets in 11 markets, however because the FCC abolished its radio-television cross-ownership ban there’s no prohibition on it continuing to own WGN radio and TV in Chicago.
New York – Bruce Mittman and Jim Leven’s Community Broadcasters is making an exit from two markets in New York’s Southern Tier region. Kristin Crantrell’s Seven Mountains Media has struck a $3.9 million deal to buy country “100.9 The Wolf” WPGI, CHR “Wink 106.1” WNKI, rock “Wingz 104.9” WNGZ, talk WWLZ (820) and “Classic Country 1490” WRCE in the Elmira-Corning, NY market. The deal also includes the Horseheads, NY-licensed translator W267CJ at 101.3 FM which simulcasts WWLZ. And in the adjacent Olean, NY market Seven Mountains buys country “95.7 The Pig” WPIG and CHR WHDL (1450). The deal also includes the Olean, NY-licensed translator W296DB at 107.1 FM which allows WHDL to brand itself as “Hot 107.1.” Seven Mountains Media already owns four stations across the state line in Pennsylvania adjacent to the Elmira-Corning market including “Bigfoot Country” WZBF/WNBT-FM (96.9/104.5), classic hits WOGA-FM & AM (92.3/1490). Once the sale closes, Community Broadcasters will still own stations in the Watertown, NY region, South Carolina, and Florida. Brokers: Michael Bergner (for Seven Mountains) and George Reed of Media Services Group (for Community Broadcasters)
Mississippi – John and Melinda Marsalis’ JC Media files a $750,000 to buy classic country “Kudzu 104.9” WKZU, Iuka, MS and classic hits “The Shark 102.3” WSKK, Ripley, MS from Joan Peters’ Kudzu Communications. JC Media doesn’t own any other stations.
North Carolina – Jon Lane Hockaday’s Sandhills Broadcasting Group files a $630,000 deal to buy “Classic Hits 105.5” WFJA and country WWGP (1050) in Sanford, NC from Susan Feindel. The deal also includes the Sanford, NC-licensed translator W26DE at 95.1 FM which simulcasts WWGP. Hockaday is already familiar with the stations since he’s a play-by-play announcer on WFJA. His Sandhills Broadcasting Group will operate the stations under a time brokerage agreement until closing. Susan Feindel owned the stations with her husband, Richard, until his death in Nov. 2015.
Corpus Christi, TX – Steven and Nisa Zap’s Starlight Broadcasting files a $600,000 deal to buy hot AC “The Beach 96.5” KLTG and rhythmic CHR “Wild 105.5” KLHB from James Anderson’s Tejas Broadcasting. The sale follows a deal announced in December that will see Educational Media Foundation buying Tejas Broadcasting’s third FM in the market. EMF will pay $432,000 to buy regional Mexican “La Caliente 98.3” KMJR. Brokers: Bill Whitley and George Reed, Media Services Group
Huntsville, AL –Neighbors Broadcast Company files a $535,000 deal to buy sports “97.7 The Zone” WZZN from Brantley Broadcast Associates. The deal includes a $435,000 seven-year promissory note. Neighbors Broadcast Company will operate WWZN under a time brokerage agreement until closing. Once the sale closes Brantley will still own sports “ESPN 1400” WWTM in the Huntsville market.
Johnson City-Kingsport-Bristol, TN – Chuck Lawson’s Awaken Broadcasting files to return the currently-silent WZQY (100.5) to David Blair. Awaken bought what was previously hot AC “Y-100.5” WFYE from Blair in 2007 for $275,000. Awaken took the station off the air in June 2018 after it was unable to reach an agreement with the owner of the station’s previous tower site. Then in November Awaken also told the FCC it was having “extreme financial difficulty” and it was attempting to sell the station. The transfer will release Awaken from a promissory note held by Blair. Awaken will still own contemporary Christian “Music For Life 690” WZAP in the market.
Atlanta – Ray Neal’s New Ground Broadcasting files a $20,000 deal to buy the currently-silent WYZE (1480) from GHB Broadcasting. It will become Neal’s first radio station. WYZE has been off the air since November when construction work on a property adjacent to its transmitter site forced the electricity to be cut from the station.
SALES – TRANSLATORS
Kansas City – Educational Media Foundation files a $515,000 deal to buy the Lees Summit, MO-licensed translator K300CH at 107.9 FM from Calvary Chapel of Kansas City. EMF currently owns contemporary Christian “K-Love” affiliate KLRX (97.3) and KLRQ (96.1) in the Kansas City market and it leases contemporary Christian “Air1” affiliate KWJC (91.9) from William Jewell College. Broker: Rob Branch
Illinois – Nelson Enterprises files a $29,255 deal to buy the Morris, IL-licensed translator W245CE at 96.9 FM from Larry Nelson. Nelson owns four full-power stations in the Chicago suburbs.
There were no closings this week.