Wilks Officially Exits Radio

By on Apr, 26 2016 with Comments 0

WilksLogoJeffrey Wilks-owned Wilks License Company-Reno has sold his remaining three FMs in Reno.

KWFP and KURK are licensed to Sparks, part of the Reno, Nevada market, which is in the northwest part of the state near the California border. Local owner Evans Broadcast Company of Carson City, Nevada is the buyer.

KTHX-FM in Reno, has been sold to Lotus. The sale also includes an FM translator in Crystal Bay. That paperwork has not yet been filed with the commission.

Jerry and Leslie Evans each own 50% of the equity in the Evans Living Trust.

The price for KWFP and KURK is $750,000. An FM translator in Carson City is included as well.

The parties are LMAing the station until the deal closes.

Evans also owns other Nevada stations: KKFT(FM), Gardnerville-Minden, KCMY(AM), Carson City, KKFT-FM1, Stateline, and K273AF, Carson City. Evans is the permittee of K287BK, Verdi.

Wilks, who’s backed by private equity firm The Wicks Group, has been selling off all 5 radio clusters since 2014. He exited Columbus in February with sales to Saga and Radio One and Denver before that with sales to KSE Radio Ventures last fall.

Wilks previously owned clusters in Lubbock, Texas and Kansas City, Missouri as well. The company was formed in 2005.

Bergner & Co.’s Michael J. Bergner was the exclusive broker in the latest deal.

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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