SALES – STATIONS
LaSalle-Peru, IL – John Spencer’s Starved Rock Media files a $1 million deal to buy hot AC WAJK (99.3), country “96.5 The Wolf” WLWF and classic hits WLPO (1220) from La Salle County Broadcasting. Starved Rock Media doesn’t own any other stations. Spencer is currently the vice-president of operations for all three stations.
Wyoming & Idaho – Scott Anderson’s Jackson Hole Radio files a $550,000 deal to buy four full-power stations and four FM translators in Jackson, WY from Rich Broadcasting. The signals include “Country 93.5” KJAX; adult alternative “Mountain Radio” KMTN (96.9); classic rock “KZ-95” KZJH; and regional Mexican “La Nueva” KSGT (1340). The translators including the Jackson, WY-licensed K242BU at 96.3 FM which simulcasts KZJH; the Teton Village, WY-licensed K265DA at 100.9 FM which simulcast KZJH; the Driggs, ID-licensed K239AU at 95.7 FM which simulcasts KZJH; and the Driggs, ID-licensed K281BH at 104.1 FM which simulcasts KJAX. A promissory note for the full purchase point is included. Jackson Hole Radio will operate the stations under a local marketing agreement until closing. The sale of the stations is tied to the bankruptcy of Rich Broadcasting. Four other stations were sold to Magic Valley Media in a pending $475,000 deal. Rich Broadcasting has been in bankruptcy since late 2016 and has been overseen by trustee Mark Hasimoto since March 2017.
Morgantown-Clarksburg-Fairmont, WV – AJG Broadcasting files a $415,000 deal to buy “Classic Country Hits 104.9” WPDX-FM and its simulcast WPDX (750) from Tschudy Communications. The deal also includes the Clarksburg, WV-licensed translator W238DF at 95.5. AJG Broadcasting already owns four stations in the market including rock WCLG-FM (100.1) and its simulcast WBTQ (102.3), classic country “The River 93.1” WFGM-FM, and AC “Morgan 1300” WCLG.
Ohio – River Radio Ministries files a $235,000 deal to buy religious “Refreshing 90.9” WFCO, Lancaster, OH from the Lancaster Educational Broadcasting Foundation. River Radio Ministries already owns three other religious stations in the Columbus, OH region under “The River” branding. It has flipped WFCO to “The New 90.9 the River” under a local marketing agreement that’s in effect until closing.
Texas – Michael Brandt’s Southern Broadcasting files a $210,000 deal to buy “Cat Country 1110” WSLV, Ardmore, TX from Russell Leonard. The deal also includes the Ardmore, TX-licensed translator W286DF at 105.1 FM that gives the 2,500-watt daytime-only station a 24-hour signal.
Allentown-Bethlehem, PA – Ronald and Christopher Cumbliss’ CC Broadcasting files 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
Altoona, PA – Edward and Carol Niewinski’s J.M.J. Radio files a $120,000 deal to buy contemporary Christian “The Compass 91.9” WMMN from Cedar Ridge Children's Home & School. J.M.J. Radio already owns religious WCOZ/WQOR/WAZL (91.7/750/1490) in the Wilkes Barre-Scranton market. Once the sale closes, Cedar Ridge will still own contemporary Christian “The Compass 90.5” WCRH in the Hagerstown-Chambersburg- Waynesboro, MD-PA market. Broker: Robert Branch
Salt Lake City – Roger Lonnquist’s Northwest Capital files a $90,000 deal to buy talk “AM 1230 The Place” KJJC from Michael Radio Group. The deal also includes the Bluffdale, UT-licensed translator K260DR at 99.9 FM. Once the sale closes, Michael will still own religious KNIT (1230) in the Salt Lake market.
Monterey-Salinas-Santa Cruz, CA – Saul Levine’s Mount Wilson FM Broadcasters files to donate classical “K-Mozart” KIDD (630) and oldies “1240 K-Surf” KNRY to The Balanced Radio Foundation. The transfer also includes the Monterey, CA-licensed translator K294CA at 106.7 FM which simulcasts KIDD. And the Monterey, CA-licensed translator K240EV at 95.5 FM that simulcasts KNRY. The Balanced Radio Foundation doesn’t own any other radio stations. Once the sale closes, Mount Wilson FM Broadcasters will still own two Los Angeles market stations. Broker: The Exline Company
Louisiana – The First Baptist Church of Castor files to donate religious KRGL, Ringgold, LA (98.5) to Houston Christian Broadcasters. The Class C3 FM covers an area southeast of the Shreveport, LA market.
SALES – TRANSLATORS
North Carolina – WUNC, Raleigh-Durham (91.5)-based North Carolina Public Radio files a $50,000 deal to buy the Lumberton, NC-licensed translator W231AB at 94.1 FM from Friends of Public Radio. The translator will relay the signal of Fayetteville, NC market WFSS (91.9). Brokers: Bob Heymann of Media Services Group (for seller) and Pubic Radio Capital (for buyer)
Multistate Deal – Immaculate Heart Media closes an $8,731,125 deal to buy nine full-power stations and four FM translators from Salem Media Group. The deal includes Spanish religious “Radio Luz 1440” KTNO, Dallas; business news “Business 1110” KTEK, Houston; business news “Biz 1190” WAFS, Atlanta; business news “Money Talk 1690” KDMT, Denver; talk “Freedom 1160” KRDY, San Antonio; Spanish religious “Radio Luz 1150” WWDJ, Boston; talk “1380 The Answer” KXFN and gospel “Praise 1260” WSDZ in St. Louis; and religious “1220 The Word” WHKZ, Youngstown-Warren, OH. The deal also includes four FM translators including the Houston, TX-licensed K241CM at 96.1 FM; St. Louis, MO-licensed K236CS at 95.1 FM; the St. Louis, MO-licensed K287BY at 105.3 FM; and the Youngstown, OH-licensed W298CX at 107.5 FM. Salem will continue to own stations in each of the markets. Immaculate Heart Media previously acquire Salem stations in Washington, Miami and Tampa. Combined, the series of deals brings the total number of stations changing hands between the two broadcasters to 14 AM stations and seven FM translators, for a combined total of $17.7 million. With its latest additions Immaculate Heart Media’s “Relevant Radio” network will be heard in all top ten markets, and 22 of the top 25 markets. Broker: Jorgenson Broadcast Brokerage
Indiana – Scott Huber and Johnny McCrory’s 3 Towers Broadcasting closes a $533,000 deal to buy classic hits WROI, Rochester, IN (92.1) from Blair Communications. 3 Towers already owns CHR “Giant FM” WSVX (1520) and two FM translators in the Indianapolis market.
New York – Stratton Radio Broadcasting has closed a $285,000 deal to buy classic hits WYLF, Penn Yann, NY (850) from Jeff Pearce’s MB Communications. The deal also includes the Penn Yann, NY-licensed translator W230CZ at 93.9 FM. Stratton Radio Broadcasting is headed by Tim Stratton, a Phoenix attorney who said he grew up “in an entrepreneurial family and has always wanted to own his own radio station.” Broker: George Kimble, Kozacko Media Services
Long Island, NY – Erick Salgado’s Cantico Nueveo Ministry closes a $200,000 deal to buy WTHE, Mineola, NY (1520) from Howard and Miriam Warshaw’s Universal Broadcasting. The deal includes a $150,000 promissory note. WTHE has been primarily off the air since Jan. 2018. Cantico Nueveo Ministry already owns Spanish contemporary Christian “Radio Cantico Nuevo” stations WNYG (1440) and WLIM (1580) as well as two FM translators in the Long Island market. It also operates WNYH (740) under a time brokerage agreement with Richard Yoon’s Win Radio Broadcasting.
Dothan, AL – Michael Holdefield closes a $17,500 deal to buy the 35% stake in classic country “Weevil 101” WVVL held by William Holderfield. In a separate deal Michael Holderfield files to buy the 25% stake held by Susan Holderfield Harrison for $12,500. The deals will give Michael Holdefield’s Boll Weevil Communications 100% ownership of the station.