Beasley’s Big Smooch: Detroit Deal Is Done
On June 10, RBR+TVBR reported on the sale of a 20kw Class B FM serving the Motor City and surrounding communities by Urban One. Now, the transaction -- brokered by Michael J. Bergner of Bergner & Co. -- is complete, giving ownership of the station to Beasley.
Back On Air, Thanks To A.I.R.: A Former Empire AM
In May 2018, Joe Reilly's Empire Broadcasting Corp. began the process of reevaluating its three AMs and an FM translator serving New York's Capital District. Now, it is selling a silent AM licensed to Schenectady. The buyer inked an LMA on August 22, already putting it in control.
Surf Savers Snatch Sunshine State LPFM
Sometimes 31 watts of power is enough oomph to cover a community. That's the case with a low-power FM radio station in a Sunshine State beach town, which is gaining a new licensee. It is our lead item of business in Transactions Today, which also includes a couple of STA requests.
No More Hollerin’ For An Oak Ridge AM
Nick and Betty Barnett, owners of The Holler, Inc., thought they had a good idea by purchasing a Class D AM serving communities to the west of Knoxville and northeast of Chattanooga, Tenn. Now, its future is in question, as the Barnetts have agreed to sell the facility.
Short Order: STAs, A Closing, And A LPFM Move
It's very quiet at the Portals this week, as the FCC again has no new deals in its database. As such, TRANSACTIONS TODAY shares details on a quartet of STA requests, a deal closing, and the transfer of a low-power FM radio station in the Twin Cities.
Christian Resurrection; Caribbean ‘GOD Sold
If you're wondering if there has been an abundance of radio station deals in the last several weeks involving religious institutions, you're right. The lone two deals featured in the latest RBR+TVBR Transactions Today involve properties devoted to Christian programming.
New Life Given To Silent Tennessee AM
Travel south of Nashville along U.S. 43 and you'll reach the small town of Mt. Pleasant, Tenn. It is here that a silent AM radio station is heading to a new owner, and it is the lone deal of the day in the Weekend Edition of RBR+TVBR's TRANSACTIONS TODAY.
Punjab Shift Puts A Sacramento-area AM In New Ownership
In May 2018, a pair of AM radio stations serving the Pacific Northwest's largest market with Punjabi programming targeting South Asians were sold for $850,000, leaving properties in Bakersfield, Fresno, and Sacramento. Say goodbye to the station covering the Golden State's capital.
‘Seattle 6’ Secured: Denver TV Outfit Sells Tacoma LPTV
Years ago, you could mistake the news for a Supersonics NBA trade report. Alas, the team is now in Oklahoma City. And, the "Seattle 6" we are talking about has nothing to do with sports. It's actually a low-power TV station, and it is being sold to Denver Digital Television.
Audiotraxx Earns Its First Broadcast Property
Audiotraxx is a 50/50 partnership based in Wilmington, N.C., led by Glasgow Hicks III and Jeffrey Allen Jones. In a deal agreed upon August 1 and filed Thursday with the FCC, it is getting its very first radio station.
Prolonged Chapter 7 Move Yields Another Translator Sale
Unlike a Chapter 11 bankruptcy filing, a Chapter 7 filing usually involves a court-appointed trustee who may sell all of a company's assets and distribute the net proceeds to creditors. That's what is still underway for an operator of FM translators that just spun a mid-Utah facility.
A One-time ‘K-Nine’, Now A Metroplex Boomer, Gets Sold
Fifty years ago, Wichita Falls, Tex., enjoyed a Top 40 radio station known as "K-Nine." Today, it is a Class B AM offering a Spanish-language religious format to listeners across the Dallas-Fort Worth market. The facility is now being sold, FCC documentation shows.
Cornerstone Says Goodbye To Key West Creation
There's a Class A FM serving the southernmost city in the mainland U.S. that, until now, has been dedicated to "reaching the lost, discipling the saved." Now, this station is about to gain a new owner. But, the Christ-centered mission isn't likely to disappear.
More Relevant Revenue: A Second Asset Sale From Salem
On July 29, Salem Media Group agreed to sell a pair of radio stations and an FM translator in Miami and an AM and two FM translators — one of them unbuilt — in Tampa Bay. The buyer is the operator of a religious noncommercial network which just struck a second deal with Salem.
Update: What Connoisseur Earned From Poconos Sale
On Wednesday, RBR+TVBR was first to share the news that two radio stations and an FM translator serving an area of Northeastern Pennsylvania and Northern New Jersey are being sold by the Jeff Warshaw-led broadcasting company. Financial details are now known.