SALES – STATIONS
Fayetteville, AR – Horne Broadcasting files a $3,425,000 deal to buy five stations in market No. 119 from Bunyard Broadcasting. The stations include country “96.7 The Coyote” KCYT, classic hits “Star 101.5” KFMD-FM, adult standards “Lite 106.5” KBVA, sports “ESPN Radio’ simulcast of KAKS (99.5) and KUOA (1290). The deal also includes the Johnson, AR-licensed translator K237GR at 95.3 FM that simulcasts KAKS/KUOA.
Indiana – James Schliemann’s Iron Horse Broadcasting files a $780,000 deal to buy “Hoosier Country 103.7” WHZR, classic hits “102.3 The River” WLHM, adult standards WSAL (1230) in Logansport, IN from David Keister’s Mid-America Radio Group.
Michigan – Bud Walters’ The Cromwell Group files 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 will become the first in Michigan for The Cromwell Group. Broker: Larry Patrick
Vermont – The not-for-profit Music Guild International files a $275,000 deal to buy classic hits “101 The One” WEXT, Brandon, VT (101.5” from Ken Squier’s Radio Vermont Group. Music Guild International will operate the station under a local marketing agreement until closing. Squier has a pending deal to sell his four other Vermont stations to director of sales Steve Cormier.
Bakersfield, CA – American General Media expands its cluster in market No. 79 with a $262,500 deal to buy KKCA from Colt Comm Partnership. KKCA is a construction permit for a Class A station at 95.7 FM. American General Media already owns six stations in the market including AC “Mix 101.5” KGFM, rhythmic CHR “Hot 94.1” KISV, CHR “Hits 93.1” KKXX-FM, regional Mexican “96.9 La Caliente” KEBT, “News Talk 1180” KERN, and sports KGEO (1230). Broker: Fowler Media Consulting
Tennessee – Hopkins Farms Broadcasting files a $265,000 deal to buy country “1580 The Leader” WLIJ and talk “Zinger 1400” WZNG in Shelbyville, TN from Jax Broadcasting. The deal includes the Shelbyville, TN-licensed translator W254DW at 98.7 FM that simulcasts WLIJ, and the Shelbyville, TN-licensed translator W265EE at 100.9 FM that simulcasts WZNG. The sale follows the Aug. 2018 death of Rusty Reed, who had owned Jax Broadcasting.
Mississippi – Gregory Adams’ Epic Communications files a $250,000 deal to buy “Live 97.7” WTJY and blues/gospel WMIS (1240) in Natchez, MS from Diana Nutter’s Natchez Broadcasting.
Dallas – Radio Punjab Dallas files a $225,000 deal to buy the currently-silent KTXV (890) from James Su. Radio Punjab Dallas is a Washington-based company headed by Sukhdev Dhillon. The 20,000-watt daytime-only AM went silent in October due to a copper theft. After the sale Su will still own stations in the Atlanta; Portland, OR; Riverside-San Bernardino; Salt Lake City; Las Vegas and Honolulu markets. Broker: Kalil
Louisiana – Brenda Floyd and James Allwood’s Misslou Media files a $200,000 deal to buy classic hits “107.1 The River” KFNV-FM, Ferriday, LA and classic country “104.7 The Gator” KWTG, Vidalia, LA from Tom Gay’s Riverside Radio Group of Louisiana. Gay previously sold his other radio properties in the region and following the closing of this sale he will have no other broadcast interests. Misslou doesn’t own any other stations. Broker: Bill Whitley, Media Services Group
Orlando – Salem Media Group continues to scale back the size of its cluster in market No. 30. It has struck a deal to sell business news “1520 The Biz” WBZW to Sam Rogatinsky for $185,000. The deal also includes the Apopka, FL-licensed translator W264DU at 100.7 FM. Rogatinsky already owns the currently-silent WTPA (1590) in the Tampa market and ethnic WPBR (1340) in the West Palm Beach, FL market. Once the sale closes Salem will still own religious “990 The Word” WTLN and talk “950 The Answer” WORL in Orlando market. Earlier this year it sold what is now talk “Florida Man Radio” WDYZ (660) and the Oviedo, FL-licensed translator W288CJ at 105.5 FM to JVC Media for $900,000. Broker: Eddie Esserman
Bend, OR – David Harms and Brent Hample’s H&H Broadcasting files a $170,000 deal to buy alternative KURT (93.7) from Rubin Broadcasting. H&H Broadcasting will operate the station under a local marketing agreement until closing. It doesn’t own any other stations. Broker: MCH Enterprises
Laurel-Hattiesburg, MS – Lee Airwaves files a $12,000 deal to buy news-talk “The Legend” WHSY (950) from C.W.H. Broadcasting. The deal also includes the Hattiesburg, MS-licensed translator W290DQ at 105.9 FM. In addition to the purchase price, the contract says Lee Airwaves will pay all the outstanding FCC regulatory fees, property taxes, and other outstanding debts against WHSY. Lee Airwaves will operate WHSY under a local marketing agreement until closing. Timothy Lee already owns talk/classic hits “Cool 104.9” WCJU-FM, country “Nash Icon 98.3” WJDR and talk WCJU (1450) just outside the Laurel-Hattiesburg market.
Tennessee – George Hudson files a $2,500 deal to buy the currently-silent WBIN, Benton, TN from Pioneer Health and Missions. Hudson already owns oldies “Homegrown 1220” WCPH and gospel WENR (1090) in the area.
Illinois & Indiana – The University of Northwestern-St. Paul closes a $4,101,558 deal to buy 13 contemporary Christian stations in Illinois and Indiana from fellow religious broadcaster Illinois Bible Institute. The portfolio includes FMs that cover parts of the Chicago, St. Louis, Peoria, and Terre Haute markets. The Illinois stations include WBGL, Champaign, IL (91.7); WBMV, Mt. Vernon IL (89.7); WCBW, East St. Louis, IL (89.7); WCFL, Morris, IL (104.7); WCIC, Peoria, IL (91.5); WIBI, Carlinville, IL (91.1); WIMB, Murphysboro, IL (89.1); WNLD, Decatur, IL (88.1); WPRC, Sheffield, IL (88.7); WSCT, Springfield, IL (90.5); WVNL, Vandalia, IL (91.7); and WZGL, Charleston, IL (88.1). And in Indiana, the University buys WCRT, Terre Haute, IN (88.5). The sale also includes a portfolio of seven FM translators. Broker: Greg Guy, Patrick Communications
Dallas – Linda Hammond’s Farmersville Investments closes a $2 million deal to buy Spanish religious KFCD (990) from Vikram Shah Broadcasting. The deal also includes the McKinney, TX-licensed translator K260CX at 99.9 FM.
Pennsylvania – Seven Mountains Media closes a $1.1 million deal to buy hot AC WSBG (93.5) and sports “ESPN 840” WVPO in Stroudsburg, PA from Connoisseur Media. The deal also includes the Stroudsburg, PA-licensed translator W276DG at 103.1 FM. Seven Mountains Media owns a number of other stations in Pennsylvania but none overlap with the latest additions. Connoisseur Media previously spun its stations in the nearby Allentown-Bethlehem, PA market to Cumulus Media as part of a cash-free swap.
Toledo, OH – Taylor University Broadcasting closes a $500,000 deal to buy religious WTPG (88.9) from Penfold Communications. Taylor University Broadcasting already owns contemporary Christian WBCJ (88.1) in the Lima, OH market and the Findlay, OH-licensed translator W258CE at 99.5 FM.
Wisconsin – Marcus Jeager’s Heart of Wisconsin Media closes a $350,000 deal to buy “Wisconsin 106” WCWI from Casper Communications. Under the terms of the deal, if WCWI has gross sales of more than $220,000 in any fiscal year between Nov. 1, 2019 and Oct. 31, 2022, Casper will be paid an addition $5,000 per year. If sales hit $245,000 the bonus will total $7,500 per year. And if sales top $270,000 the bonus will increase by $5,000 for each $10,000 achieved.