Radio and Television Transactions

A pair of low-power broadcast TV stations serving the Southernmost Point in the U.S. are being sold to an individual who is all about "Fair Play" — based on the name of her Tallahassee, Fla.-based operation.

He's the General Manager of his family's Milwaukee radio assets. On May 7, he signed off on an asset purchase agreement with an effective date of June 1 that makes Bustos Media — pending FCC approval — the owner of an FM translator that has, until now, served as a competitor.

For 65 years, it has served as the main home for NPR programming along the Wasatch Front. Now, KUER and its parent are agreeing to part ways with an FM translator it has owned and maintained in a rural area of Utah due north of Cedar City and St. George.

Sinclair Television Group is transitioning three long-standing operational relationships into formal ownership through two asset purchase agreements covering a set of Pennsylvania and Florida stations it has managed for more than a decade.

Houston’s first Spanish-language radio station has a new owner, as Texas-based religious broadcaster Iglesia Cristiana Restauracion has agreed to purchase AM radio station KLVL and its associated FM translator from Siga Broadcasting Corporation, pending FCC approval.

Raccoon Valley Radio, a trio of small-market stations serving central Iowa, is changing hands for the first time since 2012. That year, M&H Broadcasting acquired KDLS-AM in Perry, KKRF in Stuart, and KGRA in Jefferson for $525,000. Now, those same stations and two FM translators are fetching a much higher sum.

iHeartMedia's Black Information Network has entered a multi-year collaboration with The Obama Foundation aimed at deepening youth engagement and civic participation. The effort will focus on elevating stories and programs that promote awareness and community impact, including the foundation’s Leaders Program.

A silent FM signal in southern Utah is back on the air with a new format and a pending sale. KCAY 100.7 FM, now branded Key 100, is the subject of an acquisition deal between SSR Communications and Media Advisors LLC, following FCC considerations into whether the station must relocate across the state line into Nevada.

Sinclair Television Group has exercised a long-standing purchase option to acquire KMEG in Sioux City, along with its associated translators in Nebraska and northern Iowa, from Waitt Broadcasting. The transaction formalizes a relationship that has been guided by a Shared Services Agreement between the two companies since 2005.

Red Apple Media has acquired WRCR-AM in Haverstraw, New York, in an all-cash sale, marking the latest move by owner John Catsimatidis to expand his company’s radio footprint in the New York metropolitan area. The full transaction terms were disclosed in a May 21 FCC filing.

Aiir Inc. CEO Ricki Lee and his wife are selling their interest in a licensee of radio stations they had partnered with another couple with. Their decision comes some seven years after the two non-U.S. citizens gained attention for engineering one of the first radio station deals to go beyond the 20% foreign ownership limit.

The legal and financial battle over the future of the embattled outlet has escalated, as the original bidder of a St. Louis noncomm FM seeks compensation for its early involvement.

He's a prolific buyer and seller of low-power TV stations across the U.S. and one of the more visible licensees of these mini broadcast facilities that could one day power 5G Broadcast technology in the U.S. Now, he's saying farewell to a LPTV station on the Jersey Shore.

In the recent past, under different leadership, it was one of the most prolific acquisitors of low-power television stations in the U.S. Now, HC2 Broadcasting has taken a lead role in the propagation of 5G Broadcast technology in the U.S. Perhaps that is why it has agreed to purchase a LPTV property in Texas.

In 2009, a group of radio stations serving a Texas city were sold by Simmons Media. They include an expanded-band AM, a Class D sibling, a Class A FM and an FM translator fueling the Sports Talk station on the kHz band. Today, these stations face an uncertain future, as the licensee is a debtor-in-possession.