Hubbard-Omni Price $8 Million
November 17, 2014 at 5:06 AM (PT)
The price for HUBBARD BROADCASTING's purchase of 16 radio stations from OMNI BROADCASTING COMPANY in the ALEXANDRIA, BEMIDJI, BRAINERD and WADENA, MN markets is $8 million, according to the contract filed with the FCC. The stations include Country KIKV (KIK FM)/SAUK CENTRE and Oldies KULO (COOL 94.3)/ALEXANDRIA in the ALEXANDRIA market; AC KKZY (KZY 95.5), Country KBHP (KB101), and Sports KBUN-A-K235BP/BEMIDJI, Classic Hits WQXJ (CLASSIC HITS 104.5)/BLACKDUCK, and Classic Rock KLLZ (Z99)/WALKER in the BEMIDJI market; and Classic Rock KLIZ-F (THE POWER LOON), AC WJJY, Oldies KUAL (COOL 103.5), Sports KLIZ-A (THE FAN), and News-Talk KVBR-A/BRAINERD, Country KBLB (B93.3)/NISSWA, Country KKWS (K106) and Classic Country KWAD-A/WADENA, and Classic Country KNSP-A/STAPLES in the BRAINERD-WADENA market.
In other filings with the FCC, MAHALO BROADCASTING, LLC is selling three BIG ISLAND stations -- News-Talk KHNU-A/HILO, Oldies KBGX (LAVA 105)/KEAAU, and Country KKOA/VOLCANO, plus KBGX boosters in KAILUA-KONA and NAALEHU and KKOA boosters in HILO, KAILUA-KONA, and NAALEHU -- to MAHALO MULTIMEDIA, LLC for forgiveness of $1.3 million in debt plus a Time Brokerage Agreement before closing.
PHIL ROBINSON's UNITED STATES CP, LLC is selling Oldies KCMN-A (I-25 OLDIES RADIO)/COLORADO SPRINGS to VIC MICHAEL's KONA COAST RADIO, LLC for $200,000. MICHAEL's MOUNTAIN COMMUNITY TRANSLATORS, LLC is in turn selling K253AH/COLORADO SPRINGS to UNITED STATES CP, LLC for $10. The translator will rebroadcast News-Talk KCBR-A/MONUMENT, CO.
HE'S ALIVE INCORPORATED is selling Southern Gospel-Contemporary Christian WRIJ/MASONTOWN, PA to BROADCAST COMMUNICATIONS, INC. and WKJL/CLARKSBURG, WV to BROADCAST EDUCATIONAL COMMUNICATIONS, INC. for $375,000 ($350,000 for WRIJ, $25,000 for $25,000). The stations both air the HE'S ALIVE RADIO network.
LIGHTHOUSE RADIO GROUP is selling Smooth Jazz KYSJ (105.9 THE WAVE)/COOS BAY, OR to POST ROCK COMMUNICATIONS, LLC for $120,000 ($25,000 down, $95.000 in a promissory note).
BRIDGE TO BRIDGE, INC. is selling Classic Hits WUPS (UPS 98.5)/HARRISON, MI and Country WTWS (THE TWISTER)/HOUGHTON LAKE, MI to BLACK DIAMOND BROADCAST GROUP, LLC for $1.65 million.
RENAISSANCE BROADCASTING INC. is selling Oldies KDAV-A/LUBBOCK to HIGH PLAINS RADIO NETWORK, INC. for $8,000.
PATHWAY COMMUNITY RADIO, INC. is selling W231CS/ELMWOOD, NY to RENARD COMMUNICATIONS CORP. for $36,000. The station rebroadcasts Classic Hits WOLF-F-HD3-WNDR-F (THE DINOSAUR)/SYRACUSE.
MURRAY STATE UNIVERSITY is selling W290CR/MADISONVILLE, KY to SOUND BROADCASTERS, INC. for $25,001.
STATESBORO RADIO COMPANY LLC has requested a Silent STA for W257BG/STATESBORO, GA while it completes facility modifications.
And REACH COMMUNICATIONS, INC. has closed on the sale of W244BK/TWENTYMILE BEND, FL to PALM BEACH RADIO GROUP LLC for $55,000. W244BK will rebroadcast Talk WPBR-A/LANTANA-WEST PALM BEACH. GREG GUY of PATRICK COMMUNICATIONS served as broker for the seller in the deal.
New low power FM construction permits have been granted to CHRISTOPHER CENTER CORPORATION at FOSTORIA, OH; RHYTHM FOUNDATION, INC. at YUBA CITY, CA; THE GLOBAL SERVICE CENTER FOR QUITTING CHINESE COMMUNIST PARTY at FLUSHING, NY; THE ROMAN CATHOLIC DIOCESE OF BROOKLYN at QUEENS, NY; CURRENT RIVER COMMUNITY RADIO FOUNDATION at DONIPHAN, MO; NEWBURYPORT COMMUNITY MEDIA CENTER at NEWBURYPORT, MA; EDUCATIONAL LAB INC. at BROOKLYN, NY; CALVARY CHAPEL MORRIS HILLS at DOVER, NJ; SHILOH MISSIONARY BAPTIST CHURCH at LORAIN, OH; and LIVINGSTONE COLLEGE at SALISBURY, NC.