In September 2018, Ted Tucker and his wife Jana Tucker, via a 50-50 partnership, agreed to acquire am AM facility in the Grand Canyon State.
That deal has now closed, providing some “Good News” for Doug and Mary Martin.
Kalil & Co. served as the exclusive broker in this transaction.
For $75,000, the Tucker’s Cochise Broadcasting agreed to acquire KNXN-AM 1470, a Class D facility with 1 tower licensed to Sierra Vista, Ariz., southeast of Tucson. Along with KNXN, which has 2.5kw during daylight hours and just 39 watts at night, Cochise is obtaining K256CJ and K298BZ in Sierra Vista.
The AM and its translator are being sold by Good Music Inc., an Arizona entity led by the Martins.
Real property at 680 Avenida del Sol is included in the transaction.
Serving as the seller’s legal counsel is A. Wray Fitch III of Gammon & Grange.
Representing the buyer are Steven Lovelady and Susan Marshall of Fletcher Heald & Hildreth.
Cochise Broadcasting is the licensee of 13 stations; Cochise Media Licenses is the licensee of 14 stations.
The Tuckers are also 50-50 owners in nonprofit Desert West Air Ranchers Corp. and Cochise Community Radio Corp.
Ted Tucker Jr. is the sole owner of Skywest Media LLC, Skywest Licenses New Mexico.
It’s the continuation of a sell-off of radio properties owned by Martin and his wife, Mary, in the Tucson area.
On July 20, 2018, it became known that KGMS-AM 940 in Tucson is being transferred from the couple’s Good News Communications to Tucson Christian Radio for $350,000.
One week later, RBR+TVBR learned that Good News is selling Class B KVOI-AM 1030, licensed to Cortaro, Ariz., to Bustos Media Holdings for $500,000; and noncommercial Class C1 KLTU-FM 88.1 in Mammoth, Ariz. to Educational Media Foundation for $3 million.
The Martins weren’t done with their divestments: The transfer of Class D Adult Standards KCEE-AM 690 in Tucson from Good News to Calvary Chapel of Tucson was then finalized.
Meanwhile, Tucker is a principal in six different licensees of radio stations across the Mountain West. Among these entities is Cochise Media Licenses, which in May 2017 entered into Consent Decrees with the FCC to resolve a matter involving the failure to operate stations in Arizona for more than a handful of days over a period of several years.
Several stations were donated as part of that Consent Decree.
