SALES – STATIONS
Champaign, IL – Champaign Multimedia Group files a $4.5 million deal to buy AC “Lite Rock 97.5” WHMS-FM, “Classic Hits 107.9” WKIO, and talk/sports “News Talk 1400” WDWS from the News-Gazette newspaper. The deal also includes the Champaign, IL-licensed translator W230CW at 93.9 FM which is used to give WDWS an FM signal. Larry J. Perrotto-led Champaign Multimedia Group announced in September it would buy the newspaper portfolio and its radio stations. The News-Gazette filed for chapter 11 bankruptcy reorganization in August as part of that transaction. The sale maintains a radio-newspaper combination that dates to 1937 when the publisher David W. Stevick signed-on WDWS as Champaign’s first local station. The call letters are a nod to him.
Erie, PA – Brian and George Lilly’s SJL Communications has filed a $1.33 million deal to buy hot AC “Happi 92.7” WEHP from the Erie Radio Company. SJL Communications already owns WICU-TV in the Erie market.
Wisconsin – Marcus Jeager’s Heart of Wisconsin Media files 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.
Shreveport, LA – A.T. Moore’s Coochie Brake Broadcasting closes a $26,000 deal to buy the currently-silent KSYR (92.1) from Access.1 Communications. Moore is President of the Family Life Educational Foundation, which owns Contemporary Christian “Miracle 89.1” KFLO-FM and its simulcast KKML (90.9) in the Shreveport market.
Georgia – Leonard Small’s Resurrection House Ministries closes a $10 deal to buy gospel daytimer WKVQ, Eatonton, GA (1540) from Craig and Debra Baker. Resurrection House Ministries already owns gospel WTLD, Jesup, GA (90.5) and religious WSLT, Statesboro, GA (88.5).