A radio station known as "Y-100" has just been sold. Don't fret, San Antonio or South Florida. This "Y-100" is in rural southwestern Virginia. Meanwhile, a Class C1 facility serving both Albuquerque and Santa Fe with fine arts programming is shifting from commercial to noncommercial status in an effort to preserve its long-running Classical format. These are the deals featured in RBR + TVBR's TRANSACTIONS TODAY for May 5, 2017.
An FM translator that's moving from the San Joaquin Valley city of Woodlake, Calif., to the heart of Southern California is trading hands in a deal involving a husband and wife who will be giving Korean-Americans on L.A.'s Westside another way to get some "Seoul."
Curtis Media Group has closed on its $11 million acquisition of a six-station cluster in the Greenville-New Bern, N.C., market from Beasley Broadcast Group. Michael J. Bergner of Bergner & Co. was the exclusive broker in this transaction.
A silent AM in Salt Lake City owned by Cumulus Media has been purchased by an individual who has been busily making deals in Arizona and in Maui, Hawaii over the last few months.
In late January 2016, Hubbard Radio brought traditional Oldies tunes back to the FM dial in Phoenix by bringing some FM revitalization to Class D KAZG-AM 1440 in Scottsdale. This came via an LMA arrangement with the owner of a 250-watt translator on the South Mountain antenna farm. Now, Hubbard is paying a near record-setting sum for a sub-top 10 DMA for this translator, ensuring that "Oldies 92.7" continues to reach nearly all of the Valley of the Sun.
Two FM construction permits in Northwest Texas are set to get their kicks with Route 66 ... Route 66 Media, that is. That's the company that's set to take over the unbuilt stations, and it's the top deal in RBR + TVBR's TRANSACTIONS TODAY for Monday, May 1.
A 99-watt FM translator atop a mountain in the center of Alabama's biggest market is set to come under the control of SummitMedia. That's because it's getting the facility by exchanging an 85-watt FM translator in the same spot to one of the most prolific buyers of radio stations in recent months.
A Class C3 facility located in a Gulf Coast resort town just west of the Gainesville-Ocala market is changing hands. The deal is likely to stop the fun, while expanding the reach of a well-established source of the "Greatest Hits."
To radio historians, the call letters WFBL hold a place in the annals of Top 40's greatest moments. From May 1979 to October 1980, WFBL-AM 1390 in Syracuse, N.Y., became the first radio station to use legendary programming consultant Mike Joseph's "Hot Hits" format. Today, WFBL is dark, and as of April 19 it is heading into the hands of Central New York radio operator Craig Fox.
It's not often that Educational Media Foundation, parent of the Christian Contemporary Music (CCM) formats KLOVE and Air1, opts to sell a radio station. Yet, that's what it's doing with a Class C3 facility just south of Bismarck, North Dakota.
A Class C2 FM in Oregon has been sold to an entity that has been operating the facility via a Time Brokerage Agreement since June 2016. Meanwhile, Educational Media Foundation is at the transactions table once again, as its swapping translators with Spirit Communications. Those are the key deals in RBR + TVBR’s TRANSACTIONS TODAY for Tuesday, April 25, 2017.
The State of Wisconsin - Educational Communications Board is picking up an FM translator in a Wisconsin city expressly to rebroadcast the HD3 programming on one of its Wisconsin Public Radio stations.
A Class C2 FM serving the city where retail giant Walmart is based has just been sold for more than $1 million. That’s the king deal in RBR + TVBR’s TRANSACTIONS TODAY. The other deal involves Christopher Miller’s Rocking M Media, and its entry into Southern California.
In November 2016, RBR + TVBR reported that Radio One had acquired an FM translator and planned to ship it to Richmond, where it would be used to rebroadcast WXGI-AM 950. There was one slight issue: WXGI was Richmond’s “ESPN Radio” affiliate and controlled by Washington Redskins owner Daniel Snyder’s Red Zebra Broadcasting. That problem has now been resolved, as Radio One is acquiring WXGI along with an FM in the D.C. suburbs from Red Zebra.
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.