Educational Media Foundation is primarily known as a buyer. Thus, it is rare when the owner of the KLOVE and Air1 Christian music networks decides to part ways with a property.
That’s just happened, in West Virginia.
EMF is agreeing to sell WSHA-FM 89.3 in South Charleston, W. Va.
The buyer is Positive Alternative Radio (PAR).
That’s the licensee of Spirit FM, a Worship Music-focused regional music network.
It’s a $100,000 transaction. A $5,000 deposit has been made. It is being held in escrow by Cary Tepper.
The remainder is payable in cash, at closing.
PAR is led by Edward Baker and is regionally based, in Blacksburg, Va.
KLOVE can presently be heard on two FM signals in the Charleston, W. Va., area.: WKVW-FM 93.3 and an FM translator at 98.1 MHz.
For Air1, its programming will continue on W205CG, following the WSHA sale. As such, the transaction broadens the level of CCM programming in the market.
