SALES – STATIONS
Philadelphia – Victor Martinez and Matthew Braccili’s VM Broadcasting files a $1.5 million deal to buy Spanish CHR “La Kalle” WHAT (1340) from Aztec Capital Partners. The deal also includes the Philadelphia, PA-licensed W260CZ at 99.9 FM. The deal includes a $1.3 million promissory note. VM Broadcasting has been operating the station under a local marketing agreement since April. Martinez already owns the tropical “Mega” simulcast WEST/WHOL (1400/1600) in the Allentown-Bethlehem, PA market. Once the sale closes, Aztec Capital Partners will still own the silent WNWR (1540) in the Philadelphia market.
Alabama – Fun Media Group files a $100,000 deal to buy country WRAB, Arab, AL (1380) from Reed Broadcasting. The deal also includes the Arab, AL-licensed translator W296DM at 107.1 FM. Fun Media Group will operate the station under a time brokerage agreement until closing. It already owns cross-town classic hits “Fun 92.7” WAFN-FM.
Mississippi – Kevin Cox files to buy out his two partners in Radio Cleveland in a pair of deals worth a combined $70,000. Cox, who currently holds a 45% interest in the station, has filed a $65,000 deal to buy the 45% interest held by Clint Webster. In the second piece, Cox filed a $5,000 deal to buy the 10% interest held by Greg Shurden. Radio Cleveland owns urban “Power 106.5” WAID, urban “Jammin 104” WCLD-FM, gospel “Rejoice 1490” WCLD in Cleveland, MS plus country “Majic 107.5” WMJW in nearby Rosedale, MS and gospel WKDJ-FM (96.5) in nearby Clarksdale, MS.
Grand Island-Kearney-Hastings, NE – My Bridge Radio files a $35,000 deal to buy gospel KMMJ (750) from The Praise Network. The deal also includes the Grand Island, NE-licensed translator K282BR at 104.3 FM that gives the daytime-only AM a 24-hour signal. The filing says the payment is for the FM translator with the AM signal transferred as a cash-free donation. My Bridge Radio already owns religious KROA (95.7) in the Grand Island market. It plans to flip KMMJ to a Spanish-language religious format.
Texas – Christian Ministries of the Valley has closed 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).
Buffalo-Niagara Falls, NY – Bill Yuhnke’s Kenmore Broadcasting has closed a $60,000 deal to buy classic hits WJJL (1440) from M.J. Phillips Communications. Yuhnke was already general manager of WJJL. He doesn’t own any other stations.