SALES – STATIONS
Gainesville-Ocala, FL – Saga Communications strikes a $9.3 million deal to buy “K-Country 93.7” WOGK and the classic rock “Wind FM” trimulcast of WNDT (92.5), WNDD (95.5), and WNDN (107.9) from the Dix Communications. Saga doesn’t currently own any other stations market No. 86 but says it intends to build out its cluster. Broker: Wood & Company
Long Island, NY – Sandra Foschi’s Bark Out Loud Dogs Media files a $3.9 million deal to buy oldies WLNG, Sag Harbor, NY (92.1) from Gary Sapiane’s Main Street Broadcasting Company. The filing says $575,000 of the purchase price is attributed to the radio station, with the remaining $3.325 million attributed to related real estate. Foschi is a physical therapist with no radio history, however her husband is WABC-TV New York meteorologist Bill Evans, who has a radio background and currently works with Cumulus Media’s New York stations. Broker: John Saunders
Lubbock, TX – VCY America files a $550,000 deal to buy religious KJAK (92.7) from Williams Broadcast Group. The station will become a first owned in Texas by Milwaukee-based VCY America. It plans to convert KJAK into a noncommercial operation. Broker: David Garland Media Brokerage
Idaho – Emily and Robert Goodrich’s Bitterroot Communications files a $350,000 deal to buy AC/country KSRA-FM & AM Salmon, ID (92.7, 960) from Jim Hone’s Salmon River Communications.
North Carolina – Norberto Sanchez’s Norsan Group files a $350,000 deal to buy oldies WLSG, Wilmington, NC (1340) from B&M Broadcasting. The deal also includes the Wilmington, NC-licensed translator W231CL at 94.1 FM that allows the station to brand itself as “94.1 The Beach.” The filing shows the deal includes a $300,000 promissory note. Norsan Group doesn’t currently own any stations in the Wilmington area. After the deal closes B&M Broadcasting will still own WSME (1120) in nearby Camp Lejeune, NC which has been relaying WLSG.
Alabama – Educational Media Foundation files a $230,000 deal to buy WSGN, Gadsden, AL (91.5) from Gadsden State Community College. EMF already owns contemporary Christian “K-Love” affiliate WHVK (103.5) in the nearby Huntsville market. The station currently simulcasts the University of Alabama’s news-talk/classical WBHM, Birmingham (90.3) but in an announcement to listeners Gadsden State said the state-owned university didn’t have the resources to match what EMF had agreed to pay for the Class C1 FM. WBHM covers parts of the Gadsden area and it also relays on the Fort Payne, AR-licensed translator W283CM at 104.5 FM. Broker: Mark Jorgenson
California & Nevada – Westside Christian Fellowship A.V. files an $85,000 deal to buy Spanish religious KWTD, Ridgecrest, CA (91.9) and Spanish religious KWTW, Bishop, CA (88.5) from Living Proof. The deal also includes the Lake Isabella, CA-licensed translator K239AZ at 95.7 FM and the Tonopah, NV-licensed translator K290AO at 105.9 FM. Living Proof has a pending deal to sell its only other radio station: the currently-silent KJCU, Ft. Bragg, CA (89.9) to Calvary Chapel of Twin Falls.
SALES – TRANSALTORS
Mississippi – Monte Spearman’s High Plains Radio Network exercises a 2013 option to buy the Indianola, MS-licensed translator W247BA at 97.3 FM from Ron Unkefer’s First Ventures Capital Partners for $45,380. The translator simulcasts High Plains Radio Network’s classic hits WGVM, Greenville, MS (1260).
Syracuse & Utica, NY – Galaxy Communications owner Ed Levine closes a deal to sell a minority 21% stake in his company to a group of investors for a combined total of up to $2.7 million. The investment dollars will allow Galaxy to retire warrants held by lender Atalaya Capital to buy a stake in the company. The investors will each pay a minimum of $300,000 for their interest in Galaxy. They include L.M. Communications owner Lynn Martin, Syracuse University’s legendary basketball head coach Jim Beoheim, former S.U. player-turned NBA pro Etan Thomas, sports marketer and collectibles producer Brandon Steiner, and former S.U. trustee and General Electric executive Joyce Hergenhan. Two central New York investment firms, including Bryson Investment Group and Leigh Baldwin & Co., are also buying into Galaxy. Levine still holds the 79% balance in Galaxy, which owns 14 stations in the Syracuse and Utica-Rome, NY markets.
Dallas – Texas FM Radio closes a $2 million deal to buy the Spanish-language religious station KHSE (700) from John Hammond’s Texoma Broadcasting. The deal includes the Lucas, TX-licensed translator K281CS at 104.1 FM. Texoma bought the station in 2015 for $800,000 and later added the translator for $50,000. Texas FM Radio is a 50-50 partnership between Ampex Brands, a holding company that operates a number of franchise restaurant chains in North Texas including Pizza Hut, KFC, Taco Bell, A&W Restaurants, and Long John Silver’s, and Workforce Matters, an employment consulting firm. One of Workforce Matters two owners, Ravi Cherukuri, owns Arohi Media which operates the ethnic “Jazbaa FM” format that already airs in the Dallas market as an HD2 channel on Radio One’s urban AC “Magic 94.5” KZMJ. Texoma Broadcasting still owns Spanish contemporary Christian KBXD (1480) in the Dallas market.
Salt Lake City – Cumulus Media closes a $175,000 deal to sell sports KRRF (1230) to Vic Michael’s Kona Coast Radio. Michael already owns the currently-silent KNIT (1320) in the market which he bought from Cumulus for $100,000 last year. He has been operating KRRF under a lease agreement since last year. Cumulus still owns six stations in Salt Lake City. Broker: Media Services Group
Georgia – Rob McClure-led The Power Foundation closes a $150,000 deal to buy religious “The Life FM” WQTS, Statesboro, GA (102.9) from Neal Ardman’s Radio Statesboro. Ardman still owns 11 other stations in the southeast.
Wyoming – Dan and Kim Dockstader’s SVI Media closes a $47,000 deal to buy country “The Spur” KMER, Kemmerer, WY (940) from Broadway Media. The deal also includes the Kemmerer, WY-licensed translator K223DD at 92.5 FM. SVI Media has also struck a deal (see below) to buy country “105.3 The Spur” KDWY in the area. It also already owns an AM/FM combo in Afton, WY about 100-miles away from where the two new stations are located.
Wyoming – Dan and Kim Dockstader’s SVI Media closes a $15,000 deal to buy country “105.3 The Spur” KDWY, Diamondville, WY from the SLC Divestiture Trust I. The Larry Patrick-run trust was created after a financial restructuring of Simmons Media in 2010 required the company to spin-off stations in order to comply with the FCC’s local radio ownership limits. SVI Media has also struck a deal (see above) to buy KMER (940) in the area which simulcasts KDWY. It also already owns an AM/FM combo in Afton, WY about 100-miles away from where the two new stations are located.
Montana – Ted Austin closes files a $25,000 deal to buy the currently-silent KANA, Anaconda, MT (580) from A.W.A.R.E., Inc. The deal also includes the Butte, MT-licensed translator K264CZ at 100.7 FM. KANA doesn’t overlap with either of Austin’s stations.