The end of the quarter brought the traditional flood of deal closings this week. There were also a handful of new deals, including JVC Media’s move to add an FM in the Long Island, NY market. El Sembrador Ministries is adding an AM in the Bakersfield, CA market. Plus, SummitMedia has filed to donate its two AMs in the Honolulu market where it now just owns FMs. Check out all the details in this week’s Deal Digest.
STATION SALES
Long Island, NY – JVC Media has filed a $500,000 deal to buy soft AC “The Breeze” WLIM Medford, NY (1440) from Commercial Assets. The deal also includes the Port Jefferson, NY-licensed translator W227CL at 93.3 FM. JVC Media already owns four signals and one translator in the Nassau-Suffolk, NY market, including Spanish tropical WBON (98.5), country WJVC (96.1), hot AC WPTY (105.3), news/talk WRCN (103.9), and classic hits “Big 98.1,” which airs on the Patchogue-licensed W252BY with programming originating on WPTY-HD2. Broker: Jorgenson Broadcast Brokerage
Bakersfield, CA -- El Sembrador Ministries has filed a $450,000 deal to buy Spanish religious KAFY (1100) from Torres Media Group. The deal does not include the Delano, CA-licensed translator K222DH at 92.3 FM which Torres Media Group will retain. KAFY will become the first station in the market for El Sembrador Ministries. Broker: Dave Garland
Northern Mariana Islands – David Hood and Robert Webb’s DB Media has filed a $195,000 deal to buy hot AC KZMI, Garapan-Saipan (103.9) form Cecilia Lifoifoi and Hu Bo’s Holonet Corp. DB Media does not own any other stations. Holonet exits radio ownership with the sale.
Kentucky – Roy Jaynes Broadcasting has filed a $100,000 deal to buy four stations in Manchester and Barbourville, KY from Jonathan Smith and by Karen Moses-Bowling’s Choice Radio. The deal includes country WTBK (105.7) and classic hits WWXL (1450) in Manchester, and hot AC “Mix 96.1” WKKQ and gospel WYWY (950) in Barbourville. The deal also includes the Barbourville, KY-licensed translator W227CD at 93.3 FM which simulcasts WYWY. And the Mount Vernon, KY-licensed translator W283AI at 104.9 FM. Under the terms of the sale, Choice Radio creditor First State Bank of the Southeast will receive all proceeds of the sale. The bank backed a 2016 promissory note which Choice defaulted on, and the bank ultimately won a court order to seize control of the stations in Oct. 2020. Roy Jaynes is also the owner of Summer Rose Broadcasting, which owns regional Mexican “El Gallo 94.3 FM” WLEL, Ellaville, GA.
Missouri – Our Lady's Peace Prayer Center has filed an $8,250 deal to buy a construction permit for an FM licensed to Windsor, MO from the Association for Community Education at 90.5 FM. Our Lady's Peace Prayer Center will air its noncommercial religious format “Retreat Radio” on the signal. Broker: Griffin Media Brokers
Honolulu – SummitMedia has filed to donate its two AMs in the market, including ethnic “AM 940 Hawaii” KKNE and ethnic “Pinoy Radio” KPRP (650), to Saul Levine’s Advance Public Radio. Once the sale closes, SummitMedia will still own AC “Krater 96” KRTR, rhythmic CHR “Power 104.3” KPHW, ethnic “Hawaiian 105” KINE, ethnic KCCN (100.3) in the Honolulu market. Advance Public Radio plans to operate both of the stations as noncommercial AMs. It already owns construction permits for noncommercial FMs licensed to Holualoa, HI and Holualoa, HI. Levine is also the owner of commercial radio operator Mount Wilson FM Broadcasters, which owns stations in the Los Angeles market.
TRANSLATOR SALES
Arizona – Tom Troland’s Red Rock Media Group has filed a $10,000 deal to buy the Benson, AZ-licensed translator K281CC at 104.1 FM from the estate of Paul Lotsof. Red Rock Media Group’s “Canyon Country” KCNN, Benson, AZ (97.7) already simulcasts on the translator.
New Jersey – WYRS Broadcasting has filed to donate the Trenton, NJ-licensed translator W245CC at 96.9 FM to Penn-Jersey Educational Radio Corporation. The translator already simulcasts Penn-Jersey’s “Delaware Valley Radio” WDVR, Delaware Township, NJ (89.7).
CLOSINGS
Sacramento – Alfredo Plascencia’s Lazer Broadcasting has filed a $1.91 million deal to buy classic hits “101.5 K-Hits” KCCL from Jack Fritz’s Results Radio. Lazer already owns radio stations in 18 markets in California and one in Nevada. Lazer exclusively owns and operates Spanish-language stations, most airing a regional Mexican format under the “Radio Lazer” brand. It will become its fourth FM in the Sacramento market, joining Spanish regional Mexican “Radio Lazer” KBAA (103.3), “Radio Lazer” sister KGRB Jackson (94.3), and Spanish CHR “Latino 97.9” KLMG. Broker: Kalil
Illinois – Shaw Media, a newspaper publisher based in suburban Chicago, has closed a deal to buy seven radio stations and one FM translator signal from Studstill Media. The purchase price is $1.8 million with an additional payment $75,000 if certain revenue targets are reached during the first quarter of 2023. Included in the deal are country “Walls 102” WALS Oglesby, IL (102.1); CHR “Q103.3” WIVQ Spring Valley, IL, and its simulcast partner WSTQ (97.7) Streator, IL; adult standards WSPL Streator, IL (1250) and its corresponding translator, the Streator, IL-licensed W253BX at 98.5; “Classic Hits 106” WYYS Streator, IL (106.1); classic country WGLC Mendota, IL (100.1), and “, 100.9 FM Rocks” WBZG Peru, IL. The stations will be operated under the Shaw Local Radio Co. name. Broker: Bob Heymann, Media Services Group
Nebraska – Nebraska Rural Radio Association has closed a $1.5 million deal to buy “K-Bear Country 92.3” KBRY, Sargent, NE from MWB Broadcasting. Nebraska Rural Radio Association already owns country “93.1 The River” KRVN-FM, farm “880 AM Rural Radio” KRVN, and classic hits KUVR (1380) in the area. Nebraska Rural Radio Association is the only farmer-and rancher-owned radio group in the U.S. KBRY-FM has become the 16 affiliate in its network, which delivers up-to-date grain and livestock market information and agriculture news.
Atlanta -- John and Anita Fredericks’ Disruptor Radio has closed a $500,000 deal to buy talk “Freedom 1690” WMLB from Delmarva Educational Association. Disruptor Radio has operated the station under a time brokerage agreement since 2021. The filing says TBA fees and other expenses will be subtracted from the purchase price, making the amount due at closing $305,000. Broker: Jorgenson Broadcast Brokerage
Fayetteville, AR – Rox Radio Group reclaims alternative “104.9 The X” KXNA from Elizabeth Marquis, as it closes a deal reversing a 2021 transaction between the two. The terms of the deal cancel the $500,000 of debt owed by Marquis to Rox Radio Group as part of last year’s sale. The deal gives Rox Radio Group a sixth station in the Fayetteville market where it already owns classic hits KBVA (106.5), country “Red Dirt 96.7” KXRD, classic hip-hop “101.5 The Vibe” KXVB, and the currently-silent KREB (1190) and KFFK (1390).
North Carolina – Todd Fowler’s Skyline Media has closed a $450,000 deal to buy oldies WCAB, Rutherfordton, NC (590) from Jim Bishop’s Isothermal Broadcasting. The deal also includes the Rutherfordton, NC-licensed translator W265DW at 100.9 FM. Fowler already owns country WBRM (1250) in the area. Isothermal Broadcasting does not own any other stations.
Tennessee – Carlo Di Maggio’s Radio Maria has closed a $405,000 deal to buy country WMCP, Columbia, TN (1280) from Edna Williford’s Maury County Boosters Corp. The deal also includes the Columbia, TN-licensed translator W255DK at 98.9 FM. Radio Maria does not own any other stations.
Madison, WI – Sage Weil and Michael Crute’s Civic Media has closed a $400,000 deal to buy adult hits WRPQ, Baraboo, WI (740) from Kelly Martinson’s Baraboo Broadcasting. The deal also includes a pair of Baraboo, WI-licensed translators including W259BC at 99.7 FM and W249EA at 103.7 FM which are used to create the “Max FM” branding for the station. Civic Media already owns talk “Devil Radio” WMDX (1580) and the Madison, WI-licensed translator W244EG at 92.7 FM in the Madison market. Broker: Bob Van Gendren
Mississippi – Heathcock Communications has closed a $300,000 deal to buy classic hitss WABO-FM & AM (105.5, 990) in Waynesboro, MS from Martin Broadcasting. James Heathcock has operated the stations under a time brokerage agreement since June 2019.
Kansas – Ad Astra Per Aspera Broadcasting has closed an $112,000 deal to buy rock “95.5 The Rock” KVOB, Lindsborg, KS from Rocking M Media in the Salina-Manhattan, KS market. And for another $40,000 it closes a deal to buy classic country KSOB (96.7) and talk KNNS (1510) in Larned, KS in the Great Bend-Hays, KS region. The sale is part of the bankruptcy reorganization of Rocking M Media. Ad Astra Per Aspera Broadcasting already owns three stations in the Salina-Manhattan, KS market, including “Kicks Country 106.1” KXKU, “Classic Hits 96.7” KMPK, and “Talk Radio 1540” KMCP. Broker Greg Guy, Patrick Communications
Washington – Jacobs Radio Programming has closed a $50,000 deal to buy hot AC “Mix 99.3” KDRM and talk KBSN (1470) in Moses Lake, WA from Brett Kennedy. Jacobs Radio Programming will operate the stations under a local marketing agreement until closing. Kennedy does not own any other stations. Broker: MCH Enterprises