Price For Alpha-Morris Deal $38,250,000
May 26, 2015 at 6:37 PM (PT)
The price for the previously announced purchase by ALPHA MEDIA of stations in eight markets from MORRIS COMMUNICATIONS is $38,250,000 ($20 million in ALPHA HOLDINGS stock, $6,585 in ALPHA HOLDINGS II stock, and $18,250,000 cash plus adjustment for net working capital determinations), according to the contract filed with the FCC. The stations include News-Talk WIBW-A and Country WIBW-F (THE BIG 94.5)/TOPEKA, KS; Adult Standards KABI-A, AC KBLS (SUNNY 102.5 FM), Oldies KSAJ-F (OLDIES 98.5), News-Talk KSAL-A, Classic Hits KSAL-F (FM 104.9), and Country KYEZ (Y93.7)/SALINA, KS; News-Talk KGNC-A and Country KGNC-F/AMARILLO, TX; Rock KCLB-KCLZ, Classic Hits KDGL (THE EAGLE 106.9) and its booster KDGL-FM1, Sports KFSQ-A (FOX SPORTS 1270), Top 40/Rhythmic KKUU (U-92.7), News-Talk KNWQ-A-KWNZ-A-KNWH-A-K232CX (K-NEWS 94.3)/PALM SPRINGS, CA; Country KBRJ (K-BEAR 104.1), Classic Hits KEAG (KOOL 97.3), News-Talk KFQD-A-K279BG, Sports KHAR-A-K244EG, Hot AC KMXS (MIX 103.1), and Active Rock KWHL (K-WHALE)/ANCHORAGE; Classic Country KAYO (COUNTRY LEGENDS 100.9)/WASILLA, AL; News-Talk KXRO-A, Sports KWOK-A (ESPN RADIO 1490), Country KXXK (KIX 95.3), and Classic Rock KDUX/ABERDEEN-GRAYS HARBOR-HOQUIAM, WA; and Sports KWIQ-A (ESPN RADIO 1020), Country KWIQ-F (Q COUNTRY 100.5), Country KKRV (COUNTRY 104.7), Sports KKRT-A (ESPN RADIO 900), and Regional Mexican KWLN/WENATCHEE, WA; also included are Classic Country KTPK (COUNTRY LEGENDS 106.9)/TOPEKA and Classic Hits KXGL (100.9 FM THE EAGLE)/AMARILLO, both licensed to JMJ BROADCASTING.
In other filings with the FCC, KEITH SHIPMAN's HORIZON BROADCASTING GROUP, LLC is assigning News-Talk KWLZ-F/WEST LINN, OR to 3 HORIZONS, LLC, a partnership between HORIZON and 3 CITIES, INC. (licensee of AC KXXO (MIXX 96.1)/OLYMPIA, WA) at a value of $800,000 credit towards HORIZON's capital account with 3 HORIZONS. The deal also includes a Joint Sales Agreement between the parties. KWLZ is moving into the PORTLAND market from WARM SPRINGS (southeast of PORTLAND) and its move is being enabled by KXXO's move to a new site northwest of its previous location.
UNIVERSITY OF SIOUX FALLS is selling noncommercial Variety KCFS/SIOUX FALLS, SD to BADLANDS AIRTIME, LLC for $1.5 million. The station will be converted to commercial status.
The price for the previously-reported sale by RAY HENDRYX's RIO GRANDE BROADCASTING CO./BIG BEND BROADCASTERS, INC. of Oldies KVLF-A and Country KALP/ALPINE, TX to ALPINE RADIO, LLC, owned by MARTIN and PATRICIA JANE BENEVICH, owners of DISH NETWORK local dealer BIG CANYON TELEVISION, is $275,000 in a promissory note for KVLF and $200,000 ($100,000 in a promissory note, and $100,000 in equity traded by TOM and VAL BEARD for 20% of ALPINE RADIO) for KALP, according to the contracts filed with the FCC.
FMI MEDIA, INC. is selling the construction permit for a new FM at TIPTON, OK to NORTH TEXAS RADIO GROUP, L.P. for $25,000.
EDGEWATER BROADCASTING, INC. is selling the construction permit for W260CF/MANCHESTER, NH to SAGA COMMUNICATIONS OF NEW ENGLAND, LLC for $45,000.
CATHOLIC COMMUNITY RADIO, INC. is selling K285FF/METAIRIE-NEW ORLEANS, LA to CROCODILE BROADCASTING CORPORATION, INC. for $220,000. The station will rebroadcast Tropical KGLA-A (RADIO TROPICAL CALIENTE)/GRETNA-NEW ORLEANS, LA.
CEDAR COVE BROADCASTING, INC has requested an extension of its Silent STA for KHIH/ESTES PARK, CO due to losing its tower site.
CATHOLIC RADIO NETWORK OF LOVELAND, INC. has closed on the sale of Religion KPIO-A/LOVELAND, CO to LOVELAND RADIO PARTNERS, LLC for cancellation of debt to WP MEDIA LENDING, LLC of $569,000, plus $10.
MANA`O RADIO has closed on the assignment of KMNO/WAILUKU, HI to MAUI MEDIA INITIATIVE, INC. d/b/a MANA'O HANA HOU RADIO for no consideration.
And CREATIVE BROADCASTING SERVICES, INC. has closed on the sale of News-Talk KTOX-A/NEEDLES, CA-LAUGHLIN, NV to RUBIN BROADCASTING, INC. for $85,000.
The license of JASON KONARZ for WQMA-A/MARKS, MS has been canceled and the calls deleted. KONARZ did not file a license renewal application due FEBRUARY 1, 2004; the license expired on JUNE 1, 2004 and the station was deleted from the FCC database on MAY 31, 2006. KONARZ then filed a renewal application and STA request, saying he thought he had filed a renewal on time. The STA was granted on JUNE 22, 2006 but expired; his request for an extension was denied because despite repeated fines totalling over $40,000 for tower fencing violations, he had not fixed the problem.
And CARIBBEAN FESTIVAL ASSOCIATION (CARIFESTA), INC. has been granted a low power FM construction permit at ST. PETERSBURG, FL.