In the final months of 2016, Red Rock Radio Corp., started the process of liquidating its assets. By Dec. 1, 16 of the company’s 20 radio stations were sold and awaited closing. Now, another two stations have been sold by Red Rock, with Kalil & Co. serving as the their broker representative. This is the lead deal in RBR + TVBR’s TRANSACTIONS TODAY for Thursday, April 20.
On Monday, RBR + TVBR's TRANSACTIONS TODAY reported the sales of KBZD-FM 99.7 in Amarillo, Tex., and KQFX-FM 104.3 in Borger, Texas by Tejas Broadcasting. We now know there's a Part Three to the story, as Tejas has found a very economical way to keep KQFX's programming on the FM band. It's also lassoed an FM home for ESPN Radio in the Lone Star market.
A state university that maintains a legacy of being a historically African-American public institution of higher learning has just acquired a daytime-only radio station...
A pair of transactions involving FM radio stations in the Amarillo, Tex., market have been finalized. Both deals just happen to see Bill Whitley of the Dallas office and George Reed of the Jacksonville office of Media Services Group served as the exclusive brokers representing the seller.
The top deal in RBR + TVBR’s TRANSACTIONS TODAY for Monday, April 17 sees a heritage Polish-language AM station in the Windy City gain an FM signal. This is all thanks to a translator, but not the kind that can tell you what the greeting "Dzień Dobry!" means in English.
An AM/FM combo in the heart of Northern California's Wine Country has been dealt from one local operator to another. A 1kw AM goes for a big price in the Lone Star State's Capital. Those are the deals in detail in RBR + TVBR's TRANSACTIONS TODAY for Friday, April 14.
Kona Coast Radio is dealing away its home for Mile High Sports in Denver. Sound familiar? That's because the asset purchase agreement, filed Thursday with the FCC, comes two years and five months after an agreement was struck between the two parties for a different AM that once held the calls for the station involved in this deal.
As RBR + TVBR reported on Tuesday, FM translators and boosters outnumber the commercially licensed FMs found across the U.S. and its territories. It therefore seems only natural that, on the slowest of days for deals, a pair of translators are changing hands. These are the deals featured in RBR + TVBR's TRANSACTIONS TODAY for Wednesday, April 12.
In this edition of RBR + TVBR's TRANSACTIONS TODAY, we learn how to more than triple our money. That's all thanks to a state of Washington LLC that's just sold a station it picked up in October 2016 ... and, for a very nice profit.
Here's some news that may read a little odd: Educational Media Foundation is selling a few broadcast media properties. The prolific religious noncomm led by CEO Mike Novak has been one of the most voracious buyers of radio stations across the U.S. of late, so it's perhaps notable that it is making any sort of divestment. Meanwhile, in our other TRANSACTIONS TODAY update, the HD3 signal of a Lehigh Valley FM is getting a translator in Berks County, Pa.
In November 2016, Withers Broadcasting Company of Illinois pared down its assets by agreeing to sell an AM, an FM and a translator to Mark and Saundra Lange's The Original Company Inc. for $390,000. Now, Withers has rung up another sale, and has again used Patrick Communications as its exclusive broker in this transaction.
A Class C1 95kw facility serving the Wichita market created to grow and expand employment opportunities in the radio industry for people who are blind or visually impaired will soon be owned by a Manhattan, Kansas-based media company that recently expanded by acquiring several stations from Alpha Media.
If you lived in Boston between August 1975 and August 1983, this would be a stunning headline, as the call letters belonged to a famed Rock station. Today, the WCOZ calls live on at a noncomm FM in Northeast Pennsylvania that's trading hands.
Here's a deal that involves a lot of "Big Sky." That's because Cherry Creek Media has agreed to swap substantially all the assets of its radio stations serving the Helena, Montana, market to The Montana Radio Company in exchange for substantially all the assets of three FM translators serving the Great Falls, Montana market; an FM radio station serving the Butte, Montana market; and cash. The transactions will require four FM stations to be divested.
A contract has been signed and an application is being filed with the FCC for the transfer of a television station in Bowling Green, Ky., to Marquee Broadcasting Kentucky. Kalil & Co., Inc. is the exclusive broker for this transaction.