A pair of deals involving Spanish-language radio stations highlights today's TRANSACTIONS TODAY. One station is in the Garden State, while the other is in the Rio Grande Valley.
A complaint filed in July 2013 by Calvary Chapel of Costa Mesa, Calif., alleging an unauthorized transfer of control of three stations in the San Joaquin Valley of California has been settled by way of a FCC Consent Decree between the Media Bureau and the licensee. In TRANSACTIONS TODAY: An inspirational deal moves ahead in King City, Calif.
The $3.2 million acquisition of some 60 LPTV stations and 10 LPTV construction permits by Edge Spectrum -- a.k.a. EICB-TV NET -- from a religious non-commercial broadcaster has officially moved forward, following a delay requested by the buyer.
A silent AM in the Tampa-St. Petersburg market, along with its FM translator, has been dealt to Q-Broadcasting Corp. However, it is the translator that has brought some cash to the seller, as the AM station was given away.
The owner of the regional Mexican “La Campesina” network geared to first-generation Latino farmworkers and recent immigrants has acquired a Class B AM in the Valley of the Sun, in a deal that saw Kalil & Co. serve as the exclusive broker in this transaction. The purchase was necessary for the network to air paid advertisements, as it has been airing on an NCE facility – and earning high ratings. But, is another purchase for a Phoenix station still to come? *** RBR + TVBR OBSERVATION: "There is something going on right now that could impact Hispanic radio so badly that stations could be forced to change formats or have difficulty surviving."
In October 2016, Three Angels Broadcasting agreed to sell a group of television stations to EICB-TV for the purchase price of $3.2 million. This broker-free deal involved the transfer of roughly 70 stations, and it is now known that EICB requested more time, to get its finances in order.
Two full-service television stations and a low-power TV station are being dealt from one not-for-profit entity to another. Two of the properties are in the Volunteer State, while the third is based in Des Moines.
Lisa Stiglets has acquired her very first radio stations, thanks to a deal that saw Media Services Group serve as the exclusive brokers representing the seller. The deal gives Stiglets' JLE, Inc., ownership of an AM-FM combo in Louisiana.
Lotus Communications Corp. has officially added a historic 5kw Class B AM broadcasting in the City of Angels. The deal was originally announced in October 2016, and Kalil & Co. was the exclusive broker for the transaction.
Educational Media Foundation can’t seem to curb its spending habits, and the noncommercial operator of the Air1 and KLOVE Christian music formats has grabbed an FM it’s been leasing in Central Washington. It’s also just added an FM in the Peachtree State that bears a nickname old-time Top 40 listeners in Atlanta will know.
An AM that, oddly, increases its power at night has been sold to an owner that seeks FCC approval of permanent synchronous boosters
Bids are due April 3 for eight FM stations being offered in a bankruptcy auction
Spearman’s High Plains Radio Network has been on a buying spree in the last six months, and it’s at it again
A Class C2 FM in Northern Minnesota has been dealt, along with its FM translator, to one of the nation’s largest public radio operators
Two Class A FMs serving the Virginia portion of the Delmarva Peninsula are set to be sold; LMA deal for