United States

Six weeks after closing on his $1.25 million acquisition of Brokered Business/Talk 1470 WWNN Pompano Beach FL and translators 95.3 W237BD Boca Raton and 96.9 W245BC Lauderdale Lakes/Fort Lauderdale FL from Beasley Media Group in early April, Marc Paskin’s Marco Broadcasting is turning around and selling the stations to Vic Canales Media Group for a $200,000 profit.
The whole story here
https://radioinsight.com/headlines/226795/vic-canales-media-group-acquires-wwnn/

Lance Venta, RadioInsight (2022-5-25)

United States

Jose Villafane’s Costa Media Boston is expanding to Washington DC with the $800,000 purchase of Christian Preaching 1220 WFAX (https://wfax.com/)/100.7 W264DB Falls Church VA from Newcomb Broadcasting Corporation.
An LMA will take effect ahead of closing on July 1.
[….]
WFAX was founded by Lamar and Genevieve Newcomb in 1948. Their daughter Doris Newcomb has owned the station since 1970.
The whole story here
https://radioinsight.com/headlines/226691/70-years-of-family-ownership-of-wfax-ends-with-sale-to-spanish-operator/

Lance Venta, RadioInsight (2022-05-24)

Puerto Rico

As part of its acquisition of Spanish language television streaming platform Pantaya from Hemisphere Media Group, TelevisaUnivision will divest some of their radio holdings in Puerto Rico.
Hemisphere will acquire assets that include Spanish News/Talk 580 WKAQ San Juan and Bilingual CHR “KQ 105” WKAQ-FM San Juan in the deal along with cash for Pantaya. The announcement does not make clear if WKAQ simulcasters 600 WYEL Mayagüez and 1420 WUKQ Ponce and WKAQ-FM simulcaster 98.7 WUKQ-FM Mayagüez are part of the deal.
Hemisphere Media CEO Alan Sokol states in the announcement that “they will continue to work closely with the TelevisaUnivision Uforia programming team who, with its deep music expertise, will continue to program the KQ105 FM station”. The Puerto Rico radio station assets will be paired with the company’s WAPA-TV network on the island.
https://radioinsight.com/headlines/225381/televisaunivision-to-sell-puerto-rico-stations-as-part-of-streaming-acquisition/

Lance Venta, RadioInsight (2022-05-09)

United States

Family Life Ministries sells 101.7 W269EC Saint Mary’s PA to Seven Mountains Media for $1. Upon completing its move from 91.7 last month, W269EC began simulcasting Seven Mountains’ Classic Hits “Passport Radio900 WCPA Clearfield along with 98.5 W253CU Clearfield expanding the brand’s coverage west over Dubois, Saint Mary’s and towards Punxsutawney.

Alfred Hammond’s Capital Broadcasting VA sells 920 WURA Quantico/98.1 W251CH Manassas and 1480 WDWC Dumfries-Triangle VA to Amin Segundo’s WASP Productions. Segundo will pay $700,000 for WURA/W251CH and $250,000 for WPWC. The buyer has has operated both stations via Time Brokerage Agreement since April 2016. All three signals operate as Regional Mexican “Radio Unida“.

Lance Venta, RadioInsight (2022-05-06)

Australia

News today that the Sports Entertainment Group has purchased Brisbane’s 4KQ for $12 million.
The former #1 AM music station in Brisbane will switch to a 24/7 sports/talk format under the SEN brand and will become 693 SENQ.
According to their announcement to the ASX, the sale is expected to complete by July 2022.
4KQ commenced operations in May 1947 on 650, originally owned by the Australian Labor Party. It moved to 693 in 1978. The station is being sold by its current owner ARN to comply with ownership limits in the Brisbane market, following ARN’s acquisition of Grant Broadcasters (former owners of 4KQ) last year.

Matt Francis, Bilgola Plateau NSW to ICDX-AM iog (2022-05-05)

United States

Station Sales:

Joel Hanson sells Washington Interstate Broadcasting Company and its Classic Hits “Hometeam 100.71490 KLOG/100.7 K264CU Kelso WA, “Cookin Country 105.5” KUKN Longview and Rock “101.5 The Blitz” K268BN Eufaula/KUKN-HD2 to John and Nicole Paul for $2.2 million. John Paul has served as General Manager of the stations since 2014 after a long run in programming with stints at WYRK and WBUF Buffalo NY, KUPL Portland, and Westwood One. He had began his career at KLOG and KUKN from 1987 to 1995.

Anthony Bucher’s Hitmaker Music Group is selling 1230 WGGG/92.1 W221DX Gainesville and 900 WMOP Ocala FL to William Johnson’s Urban One Broadcasting Network for $225,000. The deal comes one month after UOBN’s application for review at the FCC protesting the 2020 sale of those stations from Florida Sportstalk LLC to Hitmaker for $260,000 was rejected. UOBN claimed it had entered into an LMA with an option to buy the stations which was not executed due to racial discrimination, but Florida Sportstalk said there was no executed contract. WGGG and WMOP have continued to air Christmas music.

Brian McGlynn’s Genesee Media will purchase Oldies 850 WYLF/93.9 W230CZ Penn Yan NY from Tim Stratton’s Stratton Radio Broadcast Company for $260,000. Genesee Media owns stations in nearby Dansville and Brockport NY, while Stratton retains 1310 WOKR/95.5 W238DG Canandaigua, which he purchased from Genesee in 2019.
https://radioinsight.com/headlines/224701/station-sales-week-of-4-29/

Lance Venta, RadioInsight (2022-04-29)

United States

Omar Romero’s FC New Orleans Inc. has begun operating GAP Broadcasting’s 640 KTIB Thibodaux LA via Time Brokerage Agreeement leading to a simulcast of his Spanish CHR “97.9 La Calle” K250BA New Orleans.
KTIB is also now serving as the originator of K250BA’s programming replacing iHeartMedia’s 104.1 KVDU-HD3 Houma. The Time Brokerage Agreement term is for 24 months that took effect on April 15. KTIB’s current translator 103.7 K279CU Thibodaux can be transferred to another parent station at any time as it is not bound to the lease of KTIB.
KTIB had featured a mix of Hot AC and Conservative Talk branded as “Lagniappe 103.7“. The station featured the Kidd Kraddick morning show, two local talk shows hosted by Gene Richard and Joey Sanders, Westwood One’s Dan Bongino, Chris Plante, and Mark Levin, and jockless music at night.
https://radioinsight.com/headlines/224071/ktib-joins-la-calle-in-time-brokerage-deal/

Lance Venta, RadioInsight (2022-04-20)

United States

Ricki Lee and Aaron Ishmael’s Loud Media is growing their Knoxville TN cluster with the acquisition of Sports 850 WKVL/100.9 W265DR and Classic Country “Pure Country1400 WGAP/105.9 W290DJ Maryville from Blount Broadcasting Corp for $175,000.
WKVL and WGAP will join a Loud Media cluster that includes Classic Hits “104.9 Lake-FM” WPLA La Follette, Rock 106.1 WVLZ Oliver Springs, and Oldies “Mid Century Radio” 1180 WKCE/105.1 W286DT Knoxville. The company also operates stations in Fort Collins CO and Upstate New York.
https://radioinsight.com/headlines/223737/loud-media-expands-in-knoxville/

Lance Venta, RadioInsight (2022-04-16)

United States

Lightner Communications has expanded to Johnstown PA with the purchase of 101.3 W267CM Johnstown from Ted Schober’s ZIP2 LLC. While terms of that sale were not included in the sale filing, it does note that the translator’s facilities will be modified to fit within the contours of Lightner’s 1400 WYUP Loretto PA. WYUP serves as the originating station for Variety Hits “107.1 Jack-FM” W296ED Altoona, while is also simulcast on 1260 WPHB Phillipsburg/104.3 W282CV State College.
In the interim before the translator facility move, W267CM and current parent 850 WKGE Johnstown have dropped their former Classic Hits format and are now simulcasting WYUP/WPHB stretching the “Jack-FM” brand across all three markets.
https://radioinsight.com/headlines/223684/wkge-flips-to-jack-as-part-of-translator-sale/

Lance Venta, RadioInsight (2022-04-14)