SALES – STATIONS
Oklahoma – Blake Brewer’s Paragon Plus files a $400,000 deal to buy classic rock “The Big Dog 102.7” KJOK and classic hits KKRE (92.5) in Hollis, OK and country KEYB, Altus, OK (107.9) from Monte Spearman’s High Plains Radio Network. Paragon Plus will operate the stations under a local marketing agreement until closing.
Richmond, VA – John Frederick’s MAGA Radio Network files a $240,000 deal to buy talk WNTW (820) from Nancy Epperson’s Delmarva Educational Association. The deal also includes the Chester, VA-licensed translator W224EB at 92.7 FM. MAGA Radio Network already owns “News Talk 100.5” WJFN in the market.
St. Louis – Archford Entertainment has filed a $200,000 deal to buy a 50% stake in sports “590 The Fan” KFNS from Randy Markel. The contract says $120,000 will be paid at closing with the balance paid at the closing’s one-year anniversary.
North Carolina – Western North Carolina Public Radio has refiled a deal to buy classic rock “Power 90.5” WWCU, Cullowhee, NC from Western Carolina University. The $97,000 deal was originally filed with the FCC in 2018 but failed to close. The two parties now say they intend to finalize the transfer by September 2020. WWCU will become the fifth full-power station for Ashville-based Blue Ridge Public Radio which also owns several translators. While it’s selling WWCU, the University will still own WWOO, Dillsboro, NC (95.3) in the area, which has been simulcasting WWCU. Located between the Great Smoky and Blue Ridge Mountains, the University signed-on its first radio station in 1948. It was the carrier current station at 550 AM which also carried the WWOO call letters.
Texas – Tino Robles’ T&N Enterprises West Texas files am $80,000 deal to buy three stations from Monte Spearman’s High Plains Radio Network. The sale includes classic hits KKNM, Bovina, TX (96.5) and classic hits “102.3 The Wolf” KKYC, Clovis, NM along the Texas- New Mexico border, in addition to contemporary Christian KDAV (1590) in the Lubbock, TX market. Robles doesn’t own any other stations.
Little Rock, AR – Broadcast Industry Group files a $10,000 deal to buy classic rock KWPS-FM (99.7) and KAFN (690) from High Plains Radio Network. The deal also includes the Benton, AR-licensed K257GP at 99.3 FM. Broadcast Industry Group has been operating the stations under a lease agreement since 2018 paying $194,000 in LMA fees. It already owns classic rock KLRG (880) in the Little Rock market.
Pennsylvania – Wendy Sippel files a $10 deal to buy oldies “QZ-93” WQZS, Meyersdale, PA (93.3) from Roger Wahl.
SALES – TRANSLATORS
Chicago – Fred Weinberg files a $1.9 million deal to buy the Park Forest, IL-licensed translator W256CL at 99.1 FM from Edgewater Broadcasting. The FCC has approved a construction permit to relocate to the Willis Tower in downtown Chicago and it is expected it will relay an HD subchannel off of iHeartMedia’s hot AC “93.9 Lite FM” WLIT-FM once it its built. Weinberg is the chief executive of USA Radio Networks.
Philadelphia – Fred Weinberg files a $1 million deal to buy the Mount Holly, NJ-licensed translator W264BH at 100.7 FM from Rick Bonick. The translator simulcasts Educational Media Foundation’s contemporary Christian “K-Love” WKVP. Weinberg is the chief executive of USA Radio Networks. Bonick is the CFO of Geo Broadcast Solutions.
Oklahoma City – Tyler Media files a $200,000 deal to buy the Oklahoma City, OK-licensed translator K237GE at 95.3 FM from Screen Door Broadcasting. In addition to the cash payment, Tyler Media also agrees to give Screen Door an advertising credit worth $45,000 to be used during the next five years. Tyler Media already uses the translator to simulcast “News Talk 1520” KOKC.
California – Stephens Media Group files a $3,500 deal to buy the Los Banos, CA-licensed translator K289CB at 105.7 FM from Mighty Media Group. The translator has simulcast Stephens Media Group’s rock “The Bear” KRBE Merced, CA (1660) since 2014 under a lease agreement.
San Diego – Local Media San Diego closes a $5 million deal to buy adult hits KFMB-FM (100.7) and news-talk KFMB (760) from Tegna. The television company acquired the stations last February as part of its purchase of KFMB-TV for $325 million from Midwest Television. Tegna will retain the rights to the call letters of both radio stations and under terms of the deal Local Media San Diego has 30 days to wind down its use of the heritage call letters on-air and one year to end its use of the calls “in connection with the transition of relationships with radio media buying agencies and other accounts.” In a related move, Local Media San Diego has struck a deal to spin-off KFMB (760) to iHeartMedia. That deal has not yet been filed with the FCC. Local Media San Diego currently controls CHR “Z-90” XHITZ, alternative rock “91X” XETRA-FM, and rhythmic AC “Magic 92.5” XHRM, all licensed to Tijuana, Mexico. Local Media San Diego CFO Norm McKee, VP/GM Gregg Wolfson, and director Steve McNeely led a management buyout of the company in February 2019. Their partnership also includes veteran broadcasters John Gehron, Todd Schumacher and Virginia owner Mel Wheeler Inc., in addition to several investment firms including Trivest Investment Partners, Tantara Capital Partners, and Simmons Capital.
Greenville-Spartanburg, SC – Radio Training Network closes an $850,000 deal to buy regional Mexican “Activa Network” outlet WTOB-FM (103.9) from TBLC Media. TBLC Media still owns WOLI (910) in the Greenville-Spartanburg market. Broker: Jorgenson Broadcast Brokerage.
Michigan – Bud Walters’ The Cromwell Group closes a $450,000 deal to buy country “Q-95” WQTE and “News Talk 1490” WABJ in Adrian, MI from Bob Eliot’s Friends Communications. The stations become the first in Michigan for The Cromwell Group. Broker: Larry Patrick
Louisville, KY – Peter Boyce and David Smith’s New Albany Broadcasting closes a $325,000 deal to buy gospel “AM 1240 Love” WLLV and gospel ‘Praize Power” WLOU (1350) from Blackstrap Broadcasting. The deal also includes the New Albany, IN-licensed translator W284AD at 104.7 FM which simulcasts WLOU. New Albany Broadcasting already owns Spanish “Poder” WLRS (1570) in the market. Broker: Henson Media
Norfolk-Virginia Beach-Newport News, VA – Hosanna Media Group closes a $250,000 deal to buy Spanish religious “Hosanna Radio” WCPK (1600) from Chesapeake-Portsmouth Broadcasting. Hosanna Media Group has operated WCPK under a time brokerage agreement since 2014. The filing says $199,000 in TBA fees were applied toward the purchase price. Seller Chesapeake-Portsmouth Broadcasting still owns three stations in the Norfolk market once the deal closes, including urban “Praise” WTJZ/WHKT (1270/1650) and religious WPMH (1010).
Rochester, NY – Timothy Stratton closes a $250,000 deal to buy classic country WOKR (1310) from Genesee Media Corp. The deal also includes the Canandaigua, NY-licensed translator W238DG at 95.5 FM. Stratton Radio Broadcasting has operated the station under a time brokerage agreement since August. Genesee Media still owns three stations in the Rochester market.
Allentown-Bethlehem, PA – Ronald and Christopher Cumbliss’ CC Broadcasting closes a $175,000 deal to buy AC “Magic 105.5” WMGH-FM and adult standards/talk WLSH (1410) from Systems Franchising. CC Broadcasting already owns AC “Sunny 1100” WGPA in the Allentown-Bethlehem market. Broker: Roger Rafson, CMS Station Brokerage
Ohio – Educational Media Foundation closes a $170,000 deal to buy the currently-silent WCWS-FM, Wooster, OH from the College of Wooster. EMF currently doesn’t own any stations that cover the area and it is expected to air the contemporary Christian “K-Love” format on WCWS-FM. The college took the alt-rock station off the air last spring telling the FCC it didn’t have the dedicated staff or necessary expertise to continue operating a student-run station Broker: Patrick Communications
North Carolina – Jeffrey Jones and Glasgow Hicks’ Audiotraxx Media Partners closes a $75,000 deal to buy classic hits “Kool” WTXY, Whiteville, NC (1540) from Robert Kendall. The deal also includes the Whiteville, NC-licensed translator W280FO at 103.9 FM that gives 1,000-watt daytime-only WTXY a 24-hour signal.