SALES – STATIONS
Multistate Deal – Apollo Global Management files a $3.1 billion deal to buy a buy a majority interest in Cox Media Group's television stations, including the company's radio, newspaper and TV properties in Dayton, Ohio. Radio stations included in the sale are classic hits “95.3 The Eagle” WZLR, country “K-99.1” WHKO, and the news/talk simulcast of WHIO-AM & FM (1290, 95.7). WZLR also simulcasts on the Dayton-licensed translator W266BG at 101.1 FM. The 14-station TV group includes stations in Atlanta, Orlando, Charlotte, Pittsburgh, Dayton, Seattle, Memphis, Jacksonville, Boston and Tulsa. Cox Enterprises will maintain a minority stake and will join the Apollo group to form a new company to operate the stations, which will be headquartered in Atlanta.
Multistate Deal – In a move that will reduce the number of stations in iHeartMedia’s Aloha Station Trust, the company has agreed to swap four FMs in three markets to Educational Media Foundation in exchange for six FM translators it is already leasing from EMF. No cash will change hands as part of the trade. The four station that iHeartMedia is handing over to EMF include classic rock “Eagle 102.3” WEKL, Augusta, GA; classic country “107.1 The Bear” WLRX, Huntington-Ashland, WV; and adult hits “106.1 Steve FM’ WSFF and its simulcast WSNZ (101.7) in Roanoke-Lynchburg, VA. For those four FMs, EMF will hand over six FM translators in mid-sized and large markets to iHeartMedia. They include the Shoreview, MN-licensed W277BF at 103.3 FM in the Minneapolis market; the Pittsburgh, PA-licensed W292DH at 106.3 FM; the Oklahoma City, OK-licensed K253BV at 98.5 FM; the Nashville, TN-licensed W248BQ at 97.5 FM; the Memphis, TN-licensed W221CR at 92.1 FM; and the Carmel Valley, CA-licensed K266BD at 101.1 FM in the Monterey-Salinas-Santa Cruz, CA market. The Aloha Stations Trust was created in July 2008 to oversee the required spin-offs related to the buyout of what was then Clear Channel by Bain Capital and Thomas H. Lee Partners. Once it spins off the four FMs the Barry Drake-managed Trust will control 12 stations scattered across five markets.
Anchorage –Robert and Tor Ingstad’s Last Frontier Mediactive files a $1.25 million deal to buy alternative KZND-FM (94.7) and rhythmic AC “Movin 105.7” KMVN from Michael Robbins’ Alaska Integrated Media. Not included in the sale is the Anchorage-licensed translator K236CG at 95.1 FM which has simulcast talk KOAN (1080) as part of Alaska Integrated Media’s lease of the station from owner Falcon Broadcasting. Tor Ingstad already owns a four-station cluster in Fairbanks, AK. Broker: Griffin Media Brokers
Georgia – The Augusta Radio Fellowship Institute files a $400,000 deal to buy WFAL, Milner, GA (105.9) from Radio Georgia. WFAL currently simulcasts Radio Georgia’s AC sister “Fun 101” WTGA-FM, Thomaston, GA.
Huntsville, AL – Focus Radio Communications files a $131,500 deal to buy “Oldies 1490” WIEZ from MK Radio. The deal also includes the Decatur, AL-licensed translator W288EB at 105.5 FM.
Idaho – Michael and Ariel Kestler’s Calvary Chapel of Twin Falls files a $35,000 deal to buy KCNU, Silver City, ID (103.9) from Summit Broadcasting. KCNU is a construction permit for a Class C3 FM covering an area to the southwest of Boise. Calvary Chapel of Twin Falls will operate the station under a time brokerage agreement until closing.
California – Educational Media Foundation files a $30,000 deal to sell contemporary Christian “K-Love” affiliate KGKV, Garberville, CA (89.1) to Growing Truth Ministries. EMF still covers the area with “K-Love” affiliates KLVG, Garberville (103.7) and KHKL, Laytonville (91.9).
Texas – Dios Llega Al Hombre Ministries files to donate Spanish-language religious KKUB, Brownfield, TX (1300) to La Promesa Foundation. La Promesa Foundation will file to convert KKUB into a noncommercial station. The Foundation’s nearest other station are KVDG (90.9) and KLPF (1180) in the Midland-Odessa, TX market.
SALES – TRANSLATORS
Houston – Centro Cristiano de Vida Eterna files a $400,000 deal to buy the Sugar Land, TX-licensed translator K258BZ at 99.5 FM from the KSBJ Educational Foundation. Centro Cristiano de Vida Eterna has already been leasing the signal from the Foundation and those payments will apply $300,000 toward the purchase price. The translator relays programming for an HD subchannel of iHeartMedia’s alternative “94.5 The Buzz” KTBZ-FM. Once the sale closes, the Foundation will still own contemporary Christian KSBJ (89.3) and Christian CHR “NGEN Radio” KYBJ/ KXNG (91.1/91.7) in the Houston market. Broker: Spectrum Media
Georgia & North Carolina – Blue Ridge Broadcasting files a $175,000 deal to buy the Elberton, GA-licensed translator W259CN at 99.7 FM from Georgia-Carolina Radiocasting Company. The signal is currently being relocated to Clemson, SC where it will become W278CG at 103.5 FM. In a related deal, Blue Ridge will pay $150,000 to buy the Cherokee, NC-licensed translator W267AD at 101.3 FM from Georgia-Carolina Radiocasting Company. Broker: Jorgenson Broadcast Brokerage
Biloxi, MS – Stephen Davenport’s TeleSouth Communications has closed a $2.5 million deal to buy rock WCPR-FM (97.9), classic hip-hop “G-96.7” WGBL-FM, CHR “107.1 The Monkey” WXYK, adult hits “105.9 Bob FM” WQBB, and the sports “The Champ” simulcast of WANG (1490) and WTNI (1640) from Alpha Media. The deal also includes the Biloxi, MS- licensed translator W278CE at 103.5 FM which simulcasts WANG/WTNI. The exit from Biloxi will leave Alpha with 207 stations in 45 markets. TeleSouth already owns “Super Talk 103.1” WOSM in Nielsen market No. 144. In order to comply with FCC local ownership limits, it has filed a related deal to spin-off WXYK to Don Davenport’s Port Broadcasting for $300,000. Don Davenport is the nephew of Stephen Davenport and he doesn’t currently own any other radio stations. Broker: Kalil
Seattle-Tacoma – Sacred Heart Radio closes a $450,000 deal to buy religious KLAY from Clay Huntington Legacy (1180). The deal also includes the Lakewood, WA-licensed translator K297CA at 107.3 FM. Sacred Heart Radio will convert KLAY to a noncommercial station. It already owns religious KBLE (1050) and religious KBUP (1240) in the Seattle-Tacoma market. KLAY will help fill in KBLE’s coverage of the northern part of the market and KBUP’s southern coverage. The sale includes a $300,000 promissory note. The filing says if the FCC requires the FM translator to sign-off within three months of closing the purchase price will be reduced by $100,000. Sacred Heart Radio also owns religious KTTO (970) in the Spokane, WA market and religious KYTR (88.1) in the Yakima, WA market. Broker: Clifton Gardiner & Co.
Wisconsin – Jim and Diane Coursolle’s Heartland Communications Group closes a $440,000 deal to buy country “Coyote 93.7 “WCYE, Three Lakes, WI and “Sports Radio 96.5” WHOH, Rhinelander, WI from Don Grassman’s Results Radio. Heartland Communications already owns classic hits WRJO (94.5) and “Freedom Talk 950” WERL in the Eagle River-Rhinelander, WI region.
Texas & New Mexico – Monte and Gentry Todd Spearman’s High Plains Radio Network has closed a $285,000 deal to buy five full-power stations and an FM translator from Jim Anderson’s Tejas Broadcasting in the Texas-New Mexico border region. The stations include regional Mexican “La Caliente” KICA-FM, Farwell, TX (98.3); classic rock “The Wolf 102.3” KKYC, Clovis, NM; the currently-silent KKNM, Bovina, TX (96.5); the silent KGRW, Friona, TX (94.7); and one station in the Amarillo, TX market: regional Mexican “La Caliente” KZIP, Amarillo, TX (1310). The deal also includes the Amarillo, TX-licensed translator K224EF at 92.7 FM which simulcasts KZIP. High Plains Radio Network already owns 32 stations across Texas, Oklahoma, Arkansas and Mississippi but none overlaps with these West Texas signals. Broker: Bill Whitley, Media Services Group
Lubbock, TX – Houston Christian Broadcasters closes a $225,000 deal to buy Tejano “Power 104.3” KEJS from Barton Broadcasting. Houston Christian Broadcasters owns 34 full-power radio stations, all but 11 in Texas, including stations in the Houston, Bryan-College Station, Texarkana, and San Angelo markets. KEJS allows it to enter the Lubbock market. Seller Barton Broadcasting has been owned by Manuela and Ernest Barton. Ernest Barton died Sept. 30 at the age of 88. Broker: Bill Whitley, Media Services Group