PORTLAND, ORE. — For many residents of Oregon’s biggest metropolitan area, an oceanfront jaunt to such locales as Newport and Lincoln City is a common and popular way to escape the summer heat and put on a wet suit.
Serving much of this region is a Class C2 FM offering a wide mix of Classic Hits under a brand made popular in the 1960s: “Boss Radio.”
It’s a sibling to a Class C Talker primarily serving Newport from the town of Toledo, Ore., and both properties have just been sold. The buyer is a 50/50 partnership between Christopher Jacky and veteran radio operator Thomas D. Hodgins that’s been active over the last two years as a station trader.
Jacky and Hodgins operate XANA Oregon, a Walla Walla, Wash.-based LLC, and it is agreeing to purchase KCUP-AM 1230 in Toledo and KPPT-FM 100.7 in Depoe Bay, Ore.
The seller is Agpal Broadcasting, and it will earn $155,000 from the station’s sale.
A $55,000 deposit has been made and is being held in escrow by Hawkins Law of Walla Walla.
The remainder is due in cash at closing.
The seller was an Oregon corporation until its February 2013 administrative dissolution and is led by Paul McAnally.
Will XANA retain ownership of the stations for a long period?
That’s a question some may ask thanks to its 2017 spin for a hefty profit of a Class C2 facility in the far northeastern corner of Oregon. On April 25, 2017, Xana Oregon acquired KHKF-FM from MCH Enterprises, led by Brett E. Miller.
At the time, KHKF held a construction permit for its current Class C2 facility at 92.9 MHz in Island City, located to the east of La Grande, Ore. Xana consummated the purchase by executing an option agreement to acquire KHKF, signed when the company began operating KHKF via a Time Brokerage Agreement with MCH.
Six months later, XANA sold KHKF and FM translator K267CE at 101.3 MHz in La Grande to EMG2 LLC for $190,000.
It was a repeat of an April 2017 event in which Xana sold Class A KHKO-FM 102.9, in Prairie City, Ore., for $60,000. It purchased then-silent KHKO in October 2016 from KBI Inc. for $13,500.
KCUP and KPPT join a group that includes a brand new Class A FM at 104.5 MHz set to arrive in Kahlotus, Wash.
