Radio and Television Transactions

A home for "praise and inspiration" serving Texas' capital city with a Class D AM with a 2kw signal from 3 towers has been sold. The price the buyer is paying for the daytime-only operation to the northeast of Austin is something to take note of. Why? It's actually a pretty impressive valuation.

Public Venture Media Group stations "are led by some of public media's most dynamic leaders, operating 130 television stations that serve over 240 million people," it notes. Now, it is gaining two low-power TV stations thanks to a donation by an active trader of LPTVs in recent months.

Until now, Regina Davis and her Buma Group has served as the licensee of a low-power digital TV station serving Texarkana, the market straddling Texas and Arkansas. Now, the property is being sold. And, it marks yet another LPTV deal for the company that last year merged with Meredith Corp. and acquired Quincy Media.

In September 2021, RBR+TVBR first shared the news of a proposed sale involving a Class A FM radio station with a signal blanketing a one-time Spring Break destination that remains a popular winter burg. The deal, brokered by Jay Meyers' Broadcast Management & Technology, has now closed.

They were once radio stations owned by the late Ralph Carlson’s Holiday Broadcasting. Now, an AM, an FM and an FM translator serving Moab, Utah, are being sold. The buyer is led by William Craig Knott.

Jeff Andrulonis, who shifted his assets from Western New York to the Carolinas in late 2020, is saying goodbye to an AM and three associated FM translators serving the Myrtle Beach, S.C., market. 

Michael Stapleford-run Magnum Broadcasting has agreed to buy a low-power television station serving Key West, Fla. — a sign that he wishes to operate a multimedia business serving the Florida Keys.

Some 20 miles to the northwest of downtown Atlanta is town of Powder Springs, Ga. It is home to an AM radio station that spent much of January off the air, and has been owned by a Vietnamese-American media and entertainment figure for nearly 8 years. He's now opting to sell the facility, and at a fraction of the price he paid for it. 

It's a town due south of Dallas known as the home of the Munster Mansion. And, it is the city of license for an AM and FM translator that at present is controlled by a husband and wife. Pending FCC approval, their shares in the stations will be transferred to a single individual who, with his wife, have long been tied to the operation of the stations.

It's known for "Michigan's Positive Hits," with 21 radio signals across the Mitten State offering Worship Music to fans of the Contemporary Christian Music (CCM) genre. Now, it is agreeing to purchase the property and license associated with a Class A FM licensed to the city of West Branch.

A small broadcaster with TV stations in its home market of Salisbury-Ocean City, Md.; and four other markets has just agreed to acquire a CP for a low-power television station in one of those markets — a move that bolsters its presence there. It's a deal brokered by Bob Heymann of Media Services Group.

It’s a Class C 1kw AM radio station with an FM translator serving as the ESPN Radio affiliate for East Texas’ key Nielsen Audio-rated market. Now, the facilities belong to a new owner, as the transaction has just closed.

An asset exchange agreement has been reached that will see the licensee of two Pennsylvania AM radio stations and an FM translator trade the properties in exchange of two different AMs and a pair of associated translators. 

It's known for the Ave Maria Grotto and for being the halfway point between Birmingham and Decatur, Ala. Now, this town of some 18,500 people is in the news as a low-power television station licensed to this municipality is heading to a new owner.

A settlement agreement has been signed by one hopeful licensee and the second-largest licensee of radio stations in the U.S. that paves away for the latter organization to build a station at that frequency. Once complete, Educational Media Foundation will have a Garden Isle outpost.