Cumulus Reacquires Pair of Kansas City Spinoffs, Noncomm FM Permit In Iowa Sold
September 26, 2012 at 12:49 PM (PT)
AR BROADCASTING HOLDINGS, INC. is transferring two CUMULUS spinoffs, Top 40 KCHZ (95.7 THE VIBE)/OTTAWA, KS-KANSAS CITY and Urban AC KMJK (MAGIC 107.3)/NORTH KANSAS CITY, MO-KANSAS CITY, back to CUMULUS for $16.75 million. AR is a company, headed by broker and operator LARRY PATRICK with creditors holding minority interests, created to hold and ultimately sell four CUMULUS spinoffs (two in KANSAS CITY, two in HOUSTON) necessitated by the company's deal to buy CITADEL; the stations were recently sent through a prepackaged Chapter 11 bankruptcy that cleared out some of the stations' debt. CUMULUS continued to operate the stations.
PATRICK COMMUNICATIONS served as broker for the deal.
SILVER FISH BROADCASTING, INC. is selling the construction permit for a new noncommercial FM at MINOOKA, IA to AMERICAN EDUCATION FOUNDATION, INC. for $5,000.
In other filings with the FCC, OAK RIDGE FM, INC. has requested a Silent STA for FM translator W284AW/GATLINBURG, TN due to interference with a co-channel full-power station. The station will be filing for a frequency change "within the next few days."
RADIOACTIVE, LLC has applied for an extension of its Silent STAs for WKQX/WATSEKA, IL, KEWS/SAC CITY, IA, and KYME/ROCKFORD, IA which went silent in FEBRUARY due to "inadequate long-term staffing and programming resources."
CALVARY RADIO NETWORK, INC. has closed on the sale of noncommercial Religion KIHS/ADEL, IA and FM translator K233BT/DES MOINES to ST. GABRIEL COMMUNICATIONS for $600,000.
And EDGEWATER BROADCASTING, INC. has closed on the sale of FM translator W259BK/MONTICELLO, FL to COMMUNITY PUBLIC RADIO, INC. for $20,000.