HOT NEWS:- Deal Digest: BYU Buys Another FM In Utah.

SALES – STATIONS

Salt Lake City – Brigham Young University strikes an $875,000 deal to buy adult alternative “107.9 The Mountain” KUMT from Community Wireless of Park City. The deal includes FM boosters in Salt Lake City, Ogden, Randolph, and Provo, and Bountiful, UT. The move will allow the University’s “Classical 89” KBYU-FM to remain untouched as the school puts its BYUradio brand on KUMT and several booster FMs around the Wasatch Front. It airs a mix of talk and public affairs programming. BYUradio airs a mix of talk and public affairs programming. Once the sale closes Community Wireless of Park City will still own news-talk/adult alternative KPCW (91.7) in the Park City, UT area. Broker: Greg Merrill, Media Services Group

Burlington, VT – Vox Radio Group files a $660,000 deal to buy classic hits WVTK (92.1) from Ken Barlow and Lori Young-Barlow. The deal effectively reverses the $550,000 sale Vox made in 2009 to the couple. Ken Barlow holds a minority 35% stake in Vox alongside majority owner Bruce Danziger (53%) and Keith Thomas (12%). Vox Radio Group already owns rhythmic CHR “Hot 96.7” WXZO, hot AC “Star 92.9” WEZF, sports “ESPN 101.3” WCPV and sports “960 The Zone” WEAV in the Burlington-Plattsburgh market. It will operate WVTK under a local market agreement until closing.

Long Island, NY – Cantico Nuevo Ministry files a $350,000 deal to buy ethnic WLIM (1580) from Polnet Communications. Cantico Nuevo Ministry already owns Spanish-language religious “Radio Cantico Nuevo” WNYG (1440) in the Nassau-Suffolk market and it operates WNYH (740) under a lease agreement with Win Radio Broadcasting. It also owns the Medford, NY-licensed translator W295CK at 106.9 FM which relays WNYG. Once the deal closes Polnet will still own six stations including ethnic Polish WRKL (910) in the nearby Hudson Valley, NY market. Broker: Kozacko Media Services

Monterey-Salinas-Santa Cruz, CA – Educational Media Foundation files to spin-off one of its three FMs in the Monterey-Salinas-Santa Cruz market. Natural Bridges Media files a $265,000 deal to buy Christian CHR “Air1” affiliate KSRI (90.7) from EMF. It plans to change the station’s call letters to KSQD and rebrand the FM as “K-Squid” after the deal is finalized. After the sale closes EMF will still own contemporary Christian “K-Love” affiliates KLVM (88.9) and KNVM (89.7) in the market.

Indiana – Brent Lee and Matt Moore’s Spoon River Media strikes a $237,000 deal to buy country “The Eagle 96.7” WCEO and adult standards WLOI (1540) in La Porte, IN from La Porte County Broadcasting. The deal was filed in bankruptcy court where La Porte County Broadcasting sought chapter 11 protection in Jan. 2017. Spoon River Media already owns adult hits “Q-98.1” WILP in nearby Cuba, IL. Matt Lee also owns “Country 103.9” WRBI in Batesville, IN.

Florida – Immaculate Heart Media files a $150,000 deal to buy religious WIGW, Eustis, FL (90.3) from On This Rock Communications. Immaculate Heart Media will program the station under an agreement with the seller pending the sale’s closing. The Class C3 FM covers an area between the Orlando and Ocala-Gainesville, FL market. Immaculate Heart Media already owns three stations in the Ft. Myers-Naples, FL market.

SALES – TRANSLATORS

Indiana – Sandy Biddinger and Kathy Verseman’s Two Black Cadillacs files a $60,000 deal to buy the Greensburg, IN-licensed translator W282AZ at 104.3 FM and the Greensburg-IN licensed W278BB at 103.5 FM from Martin Hensley’s New Beginnings Movement. The filing says both translators are valued at $30,000. Biddinger and Verseman already own “Tree Country 1330” WTRE in Greensburg, which the translator already simulcasts.

San Luis Obispo, CA – Dimes Media files a $10,000 deal to buy the Baywood-Los Osos, CA-licensed translator K229AK at 93.7 FM from First Ventures Capital Partners. Dimes Media already uses the signal to create the alternative rock “Alt 93.7” brand by relaying KYNS (1340).

Wyoming – Vic Michael’s Mountain Community Translators files a $10,000 deal to buy the Cheyenne, WY-licensed translator K277CP at 93.3 FM. The signal is one of the translators that had been owned by Community Translator Network before it filed for bankruptcy in 2015. The company has most recently been overseen by trustee Michael Thomson. A bankruptcy judge in Utah has already given his approval to the sale. Once the construction permit for K227CP is built, the filing says the translator will simulcast Educational Media Foundation’s contemporary Christian “K-Love” affiliate KLWV, Chugwater, WY.

CLOSINGS

Honolulu – Bill Shirk closes a deal to buy a controlling 51% stake in Hochman Hawaii Three. In a transaction valued at $1,873,065 Shirk increases his 25.5% stake to a 51% position through a deal to buy out the 25.5% stake held by the estate of William Mays. George Hochman’s 49% stake in the partnership remains unchanged. Hochman Hawaii Three owns “Oldies 101.1” KORL-FM and several translator-based stations including classic hip-hop “Hot 97.1” K246BR, “101.5 K-Rock” K268BE and ethnic Korean CHR “107.5 K-Pop” K298BA. The deal includes a $150,001 cash payment and forgiveness of several outstanding promissory notes.

Tampa – Nearl Ardman closes a $350,000 deal to buy “Radio Romantica 1470” WMGG from Bruce Maduri’s Genesis Communications. Ardman already owns regional Mexican “96.1 La Mexicana” WTMP-FM and classic hip-hop “Boomin 1150” WTMP in the market. Under the terms of the contract if or when Ardman sells WMGG he agrees to pay 10% of the net profits from the sale to Genesis. Ardman further agrees that if he were to sell WTMP-FM that he’ll pay 10% of the net profits to Genesis. Once the sale closes Genesis will still own two stations in the Tampa market including “AM 820 News Talk” WWBA and sports “1040 The Team” WHBO.

Georgia – Jerry Lee Squires closes a deal to sell his 50% stake in Coffee County Broadcasting to business partner Dwayne Gills in a deal valued at $250,000. Coffee County Broadcasting owns country “106.7 The Buck” WOKA-FM and “Fox Sports 1310” WOKA in Douglas, GA.

Kentucky – Cale and Tracy Tharp’s Lincoln Radio closes a $96,000 deal to buy sports “ESPN Radio 1430” WXAM, Buffalo, KY from Steve Newberry’s Commonwealth Broadcasting. The deal also includes the Buffalo, KY-licensed translator W229Db at 93.7 FM. Lincoln Radio doesn’t own any other radio stations.

Birmingham, AL – The Jazz Hall of Fame of Alabama closes a $50,000 deal to buy smooth jazz WVSU-FM (91.1) from Samford University. Under the terms of the deal the University will receive 1,200 minutes (or 20-hours) of time on the station to air promotional announcements and special programming. The Jazz Hall of Fame also agrees to change the WVSU-FM call letters within six months. Founded in 1978, the Jazz Hall of Fame of Alabama plans to retail the jazz format on the Class A signal.

North Carolina – Ramon and Maria Sanchez’s R&M Christian Broadcasting closes a $50,000 deal to buy the currently-silent WABV, Abbeville, SC (1590). The buyers don’t currently own any other stations. Broker: Sandi Bergman

New York – Binghamton, NY public broadcaster WSKG Public Telecommunications closes its one dollar deal to sell classical/news-talk WIOX, Roxbury, NY (91.3) to a not-for-profit group. The group has been helping run the station since 2014 when the town of Roxbury, NY turned over ownership of the Class A FM to WSKG.

Cheyenne, WY – United States CP closes on its deal to donate religious KEZF (95.5) to the Dr. Michael Augustus Cultural and Musical Arts Foundation. An appraiser has yet to determine the value of the station but the filing says the maximum value of KEZF will be $100,000.

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