EMF Buys Portland Move-In From Cumulus
August 6, 2013 at 4:48 AM (PT)
CUMULUS LICENSING LLC is selling KXPC/ALOHA-PORTLAND, OR back to EDUCATIONAL MEDIA FOUNDATION for $6.8 million plus a time brokerage agreement before closing. CUMULUS acquired KXPC. a move-in from the EUGENE market, from EMF for Contemporary Christian KYGA (formerly Hot AC KRUZ)/SANTA BARBARA.
In other deals filed with the FCC, RICHARDSON BROADCASTING CORP. is swapping Urban Inspiration WAYE-A/BIRMINGHAM, AL to RIVERA COMMUNICATIONS, LLC for Regional Mexican WIXI-A (LA JEFE)/JASPER-BIRMINGHAM, AL plus $275,000 ($137,300 credited through a time brokerage agreement before closing) and home improvements to the home of seller GARY RICHARDSON (including enclosure of the patio deck, construction of a two car garage, repair and replacement of gutters, replacement of two windows, and repairs to the foundation).
JUAN CARLOS MATOS BARRETO's NATIONAL BROADCASTING, INC. is selling Chinese WJTP-A/LITHIA SPRINGS-ATLANTA, GA to JAMES SU's MAJOR RADIO, LLC for $2.1 million. The buyer already programs the station under an LMA.
GORDON SMITH is selling his 100% interest in FLORIDA SPORTSTALK, INC., licensee of Sports simulcast WMOP-A/OCALA-WGGG-A/GAINESVILLE, FL, to CHRIS SPEARS, DONALD DEPEW and JAY GRANT, who are organizing as FLORIDA SPORTSTALK, LLC, for $471,453.
CATHOLIC RADIO NETWORK, INC. is donating silent noncommercial WSPB/BEDFORD, MI to HOLY FAMILY RADIO, INC.
COMMON FREQUENCY, INC. is asking for an extension of its Silent STA for KZCF/ATWATER, CA for "additional time to work transmission details out."
CONNER MEDIA CORPORATION is selling FM translator W243CX/ROSE HILL, NC to FRIENDS OF PUBLIC RADIO, INC. for $50,000.
CASCADE COMMUNITY RADIO is requesting an extension of its Silent STA for KTFH/LEES CAMP. OR due to "difficulty with reliable communications link and power."
DIAMOND MEDIA, LLC has closed on the sale of Sports KHOM (ESPN WEST PLAINS 100.9 FM)/SALEM, AR and Talk KBMV-F (THE POINT 107.1)/BIRCH TREE, MO to E-COMMUNICATIONS, LLC for $550,000.
HAMPTONS COMMUNITY RADIO CORP. has closed on the transfer of the construction permit for noncommercial WEEW/WESTHAMPTON, NY to EASTERN TOWER CORP. for no consideration listed.
And REACH COMMUNICATIONS, INC. has closed on the sale of FM translator W227AV/NEWBERRY, FL to SUNCOAST RADIO, INC. for $20,000. The translator will rebroadcast Oldies