Station transferred in estate settlement
An individual who had money coming from a radio licensee was still waiting for the cash after the licensee passed away. And it turned out that there was not enough money left in the estate to cover the debt. So a court found a different way to settle the matter.
Done deal in Kansas City
The sale of an FM in the Kansas City MO market from one religion-oriented college broadcaster to another has made it to the finish...
Delta adds to Lafayette LA radio cluster
$910K KVOL-AM/KFXZ-AM, KFXZ-FM & KYMK-FM Lafayette LA (Lafayette, Opelousas, Maurice LA) from Pittman Broadcasting Services LLC (Marcus Pittman III) to Delta Media Corporation (Charles...
NYPR makes provisional upstate buy
A non-profit FM located on the Hudson River north of Yonkers is set to change hands, and for a decent amount of cash – however, there is a contingency.
Radio deals in Alabama, New Mexico
$55K WGNQ-AM Bridgeport AL from MG Media Inc. (Marvin Glass) to Partners Media Investments LLC (Anthony Bono). $20K escrow, balance in cash at closing....
Coastal California AM going noncom
El Sembrador Ministries has a deal for KRXA-AM Carmel Valley CA, serving the Monterey-Salinas-Santa Cruz market. When the deal closes, it will mark the end of standard advertising messages on the station.
State-straddling FMs headed to new owner
A pair of over-lapping FMs, one in Missouri, the other in Arkansas, are going to an owner who already has an AM combo in the area which also has one foot in each state. The stations are in unrated territory.
ABS snags FM trio east of Tulsa
$500K KTFR-FM, KEMX-FM & KCXR-FM Tulsa OK (Chelsea, Locust Grove, Taft OK) from KXOI Inc., a subsidiary of Stephens Family LP (Michael P. Stephens,...
WV FM CP from Robinson to Robinson
$83,485 FM CP White Sulphur Springs WV from United States CP LLC (W. Philip Robinson) to Radio Greenbrier LLC (Todd P. Robinson). Cash. Superduopoly...
March radio deals leave massive paper trail
So far in 2013, two out of 59 radio deals have accounted for over 75% of all value – they are the two sales by Cox to two different buyers. Not only did dealing slump in March, the amount of actual cash changing hands was utterly eclipsed by the seller paper involved in the deals.
Radio deals in Montana, New Jersey
$288K KDXT-FM Missoula MT (Lolo MT) from Sheila Callahan & Friends Inc. (M. Sheila Callahan Murphy) to Western Rockies Radio Inc. (Kent Phillips, Chad...
Richmond AM goes to GM
Preston Brown acquired WHAP-AM Hopewell VA back in 2007 from Mainquad Communications, but now he’s giving it away. The beneficiary: The station’s GM.
Objection overruled: Cox radio deals approved
Citizens for Equity in Taxation has filed a petition to deny the sale of radio stations from Cox to SummitMedia and Connoisseur Media on grounds that ultimately its members, and indeed, all citizens of the US will have to pay more taxes to make up for taxes potentially avoided by the dealing parties.
Clauses unsheathed in Wisconsin CP deal
$65K WHOH-FM CP Rhinelander WI from Multi-Cultural Diversity Radio Inc. (Samir Abumayyaleh) to Results Broadcasting of Rhinelander Inc. (Bruce D. Glassman). $5K escrow, balance...
ABS settling in east of Tulsa
Roger Chasteen’s ABS Communications has a deal that will give it three FM stations stacked north to south to the east of Oklahoma’s second-largest...