Radio and Television Transactions

The Delmarva Peninsula media company led by Craig Jahelka has just secured a cluster of radio stations comprised of three FMs and one AM station. The move brings greater ad diversity to Jahelha, as the radio properties will help bring in ad dollars not currently going to his company's TV stations in the Salisbury-Ocean City, Md., DMA. Serving as the exclusive broker in this transaction is Patrick Communications.

A dark noncommercial station serving a community in Arizona that's been the home of the original London Bridge for 50 years is trading hands. The entity that's saying goodbye to the 1,700-watt facility broadcasting from a tower adjacent to a city fire department station: Educational Media Foundation.

There's a deal in place in the Rocky Mountain state that is sending KRAI-AM 550 & FM 93.7 to a "blizzard" of a buyer. It's the lone deal to be featured in RBR+TVBR's TRANSACTIONS TODAY for Thursday, Dec. 28.

In 1990, a low-power TV station designed to improve the signal coverage of a full-power station located to the north of Houston made its debut. Over the years, it has faithfully served as a simulcast partner for what is today Ion Media-owned KPXB-49 in the nation's eighth-largest DMA. Now, with the FCC's spectrum auction concluded and repacking underway, as well as the voluntary rollout of ATSC 3.0 next-gen digital TV broadcasts, Ion has decided it no longer needs the LPTV. 

On Oct. 13, the regional Mexican network known as "La Z" added a major Hispanic market in the Pacific Northwest to its roster of stations by way of a time-brokerage agreement with a Latino-focused faith-based organization. Now, the company behind "La Z" — Bustos Media — is acquiring the station.

At the intersection of the 91 Freeway and I-15, in California's Inland Empire region, sits a five-tower array used by a Class B AM radio station with a signal covering such communities as Ontario, Riverside, Pomona and Lake Elsinore. After dark, the signal pattern of the AM changes oddly, putting a city-grade signal over Orange County. The station has just been sold at a bargain-basement price, and it's our deal of the day in RBR+TVBR's TRANSACTIONS TODAY.

An important swap facilitated by Entercom Communications' tax-free merger with CBS Radio is now complete, as Entercom and Beasley Broadcast Group have finalized the exchange of FM radio stations in the Boston market.

The nonprofit organization that broadcasts national and local public radio and television programs in the region surrounding Richmond has boosted its presence in Central Virginia by agreeing to acquire a pair of Class A FMs from Alpha Media. The deal brings Alpha's presence in Richmond to an end.

The FCC on Tuesday (12/19) officially set in motion a comment period for parties that wish to have their say on whether or not foreign ownership of a four-signal network of signals pumping EDM beats into South Florida serves the public interest.

A presently silent low-power TV station serving Ohio's state capital is heading to a new owner. This facility was once the market's home for Azteca América programming. Who's the buyer? An Oxford-educated, New York-based investor in TV and media who runs a mini private equity portfolio.

On Sept. 15, one of the most active buyers of radio stations across the U.S. announced that it was adding to its empire by acquiring a Class C2 facility with 32kw in Mississippi. The sale has now closed, with Bill Cate of Media Services Group serving as the exclusive broker in this transaction.

With Washington's full attention on Thursday's FCC Open Meeting, which saw the adoption of "Blue Alerts" over the EAS and Wireless Emergency Alert system in the event of a serious threat to local law enforcement -- and the end of "net neutrality" -- it was a quiet day for deals and scant Form 314 or Form 315 filings. The lone transaction involves a donation in Washington State, and Moody Bible Institute is the recipient.

Here's a deal that has a value that's likely less than your lunch bill. A 3kw Class A FM serving a rural community of Alaska south of Juneau is heading to a new owner. The total value of the transaction is a mere $10.

A Class C3 FM "changing the rules of Christian radio" in the city that is home to the University of Georgia is about to see a few more changes in the coming months. That's because Radio Training Network is buying the 20kw station, and it is likely to install one of its existing Christian Contemporary Music (CCM) non-commerical networks on the station, ending a locally programmed operation.

To the far northeast of Tucson, in a largely rural area where the Gila River flows, is a three-station station group serving a population that can tune to five commercially licensed FM stations and three local AMs. The three stations are heading to a new owner, thanks to an asset purchase agreement signed on Dec. 8 and filed with the Commission on Tuesday.