Report: Classical South Florida Selling WKCP/Miami, WPBI/West Palm Beach, WNPS/Fort Myers To EMF
July 8, 2015 at 6:29 PM (PT)
CURRENT.ORG is reporting that AMERICAN PUBLIC MEDIA GROUP has agreed to sell its CLASSICAL SOUTH FLORIDA stations, Classical WKCP/MIAMI, WPBI/WEST PALM BEACH, and WNPS/FORT MYERS, FL, to EDUCATIONAL MEDIA FOUNDATION for $21.7 million. APM bought the three stations for, respectively, $20 million for WKCP in 2007, $4 million for WPBI in 2011, and $4.3 million for WNPS in 2012. WPBI also feeds a NPR News-Talk format on its HD2 channel to FM translator W270AD/WEST PALM BEACH. CURRENT adds that the three stations have been suffering heavy losses over the last few years, including a $1.69 million loss on $4.2 million in revenue in the fiscal year ending on JUNE 30, 2012. A confidential board meeting of CSF was held on JUNE 25th to vote on the matter, but the results were not released and while CURRENT says that a majority of the board approved the deal, APM reportedly agreed to the deal itself without the board and half of the CSF board has since resigned in protest.
In filings with the FCC, MONTE SPEARMAN 's HIGH PLAINS RADIO NETWORK, LLC is selling Classic Rock KWBY-F (COWBOY RADIO)/RANGER, TX to TERRY SLAVENS' FOR THE LOVE OF THE GAME BROADCASTING, LLC for $450,000 plus an LMA before closing.
EDWARD PATRICK DE LA HUNT's BEMIDJI RADIO INC. is selling News-Talk-Oldies WBKK-A/WILTON-BEMIDJI, MN to REAL PRESENCE RADIO for $225,000.
Control of the various licensees held by WITHERS BROADCASTING CO. is being transferred from the estate of the late RUSS WITHERS, who died in JANUARY 2014, to his daughter DANA WITHERS, who served as executor of the estate.
LIBERTY UNIVERSITY, INC. is selling W281AW/PETERSBURG, VA to RADIO ONE, INC. for $75,000.
WRVM, INC. is selling W220DP/IRONWOOD, MI to WEST CENTRAL MICHIGAN MEDIA MINISTRIES for $4,000.
TED W. AUSTIN, JR. is swapping K261DB/ST. ANTHONY, ID to RIVERBEND COMMUNICATIONS, LLC for K290CA/WEST YELLOWSTONE, MT plus $23,000.
BURLINGTON COUNTY COLLEGE has requested a Silent STA for W236AF/BURLINGTON, NJ due to transmitter failure.
VERMONT PUBLIC RADIO has applied for a Silent STA for WVXM/MIDDLEBURY, VT to resolve interference issues with an electric utility's mobile radios.
LOUISE Y. NAITO, personal representative of COLIN H. NAITO, has closed on the sale of KWYI/KAWAIHAE, HI to RESONATE HAWAII LLC for $135,000.
VIC MICHAEL's MOUNTAIN COMMUNITY TRANSLATORS, LLC has closed on the purchase of K247BU/LANCASTER, CA from MARY V. GUTHRIE for $60,000.
And LYLE DODGE has closed on the sale of K258CN/RICHLAND, WA to ALEXANDRA COMMUNICATIONS, INC. for $1,000 plus fees.
Also, BONNEVILLE INTERNATIONAL CORPORATION has turned in its license for FM translator K261AB/NEWHALL, CA.
And in CANADA, the CRTC has approved a local sales agreement between COGECO DIFFUSION INC. French Talk CKOF (104,7 FM)/GATINEAU and RNC MEDIA INC. French Hot AC CHLX (97.1 RYTHME FM)/GATINEAU. CHLX carries COGECO's RYTHME FM syndicated format.