Nearly one year after the Walt Disney Company hired a broker to shop 23 Radio Disney stations, the company has struck a deal to sell the five remaining signals to Salem Media Group for $2.25 million. The last batch of Mouse House outlets to be sold includes AMs in Tampa, St. Louis, Portland, OR, Minneapolis and Denver.
Salem is the largest buyer of the Disney stations, picking up a total of 10. The Christian broadcaster earlier cut deals for stations in Dallas, Atlanta, Boston, Orlando and Pittsburgh. Salem already owned stations in each of the markets, except for St. Louis.
Brokered by Bill Schutz of media firm Schutz & Co., most of the Disney stations went to individual buyers. Apart from Salem, only iHeartMedia bought more than one, snapping up sticks in Indianapolis and Salt Lake City, although the latter was for a station that had been involved in an earlier sale that didn’t close.
The sale of the five remaining stations are set up as separate transactions and are expected to close separately over an 8-10 day period.
Disney held on to KDIS, Los Angeles (1110) as the flagship for its now digital-centric, national Radio Disney brand. All but one of the 23 spinoffs were AM stations.
Stations and prices in the last leg of the Disney sell-off are:
WWMI (1380), Tampa-St. Petersburg, FL (sold for $750,000), which joins a Salem cluster that includes talk “AM 860 The Answer” WGUL, Spanish Christian “760 Radio Luz” WLCC and religious simulcast “Faith Talk 570/910” WTBN/WTWD.
WSDZ (1260), St. Louis ($275,000).
KDZR (1640) Portland, OR ($275,000), where Salem owns contemporary Christian “104.1 The Fish” KFIS, religious KPDQ-FM (93.9), regional Mexican “93.1 El Rey” KRYP and religious “True Talk 800 AM” KPDQ.
KDIZ (1440), Minneapolis ($375,000), joining a Salem cluster that includes talk “AM 1280 The Patriot” WWTC, religious “AM 980 The Mission” KKMS and “Business News 1570” KYCR.
KDDZ (1690), Denver ($550,0000), where Salem owns news-talk KNUS (710), religious KRKS-FM (94.7) and its simulcast KRKS (990), and Spanish Christian “1650 Radio Luz” KBJD.