Wisconsin AM, New Orleans, San Antonio, Tampa FM Translators Sold; CRTC OKs Corus-Shaw Deal
March 23, 2016 at 4:56 PM (PT)
RADIO ONE COMMUNICATIONS, LLC is selling Classic Hits WRPN-A/RIPON, WI to HOMETOWN BROADCASTING, LLC for $325,000.
In other filings with the FCC, EDGEWATER BROADCASTING INC. is selling K248BB/NEW ORLEANS, LA to CROCODILE BROADCASTING CORP., INC. for $220,000. The translator will rebroadcast Classical WWNO-FM-HD2/NEW ORLEANS.
ARMIDA A. SAILLE is selling K278BT/HEBBRONVILLE, TX to SIGA BROADCASTING CORPORATION for $51,000. The buyer plans to move the translator to rebroadcast Spanish Religion daytimer KTMR-A/CONVERSE-SAN ANTONIO.
CORNERSTONE COMMUNITY RADIO, INC. is selling W270CK/MELBOURNE, FL to MANUEL E. ARROYO for $30,000. The buyer plans to move the translator to rebroadcast Regional Mexican WAMA-A (LA LEY 1550)/TAMPA.
RADIO TRAINING NETWORK, INC. is selling W288DH/HAMPTON, SC to LAMM MEDIA GROUP, INC. for $50,000. The translator will rebroadcast Full Service WTSB-A/SELMA, NC.
COVENANT NETWORK is selling W283BX/GALESBURG, IL and K277CF/HANNIBAL, MO to STARADIO CORP. for $50,000. The buyer plans to move the translators to rebroadcast News-Talk WKAN-A/KANKAKEE, IL and News-Talk WTAD-A/QUINCY, IL, respectively.
VSS CATHOLIC COMMUNICATIONS, INC. is selling K281CJ/ATLANTIC, IA to WALNUT RADIO, LLC for $7,500. The buyer plans to move the translator to rebroadcast Adult Standards-Oldies KOMJ-A (BOOMER 1490)/OMAHA.
CRYSTAL GARDENS, INC. is donating low-power FM WDSG-LP/SANFORD, NC to THE SOUNDS OF SANFORD, INC.
MY TOWN MEDIA, INC. has closed on the sale of Country KDWD (MY COUNTRY 99.1)/MARCELINE, MO to MY COUNTRY RADIO, LLC for $245,000.
And REFUGE MEDIA GROUP has closed on the sale of W280AA/SILVER BAY, MN to K & M BROADCASTING, INC. for $60,000. The translator has a construction permit to move to HASTINGS, MN and rebroadcasts News-Talk KDWA-A/HASTINGS.
Also, the FCC has cleared the sale of WHNR-A/CYPRESS GARDENS, FL by GB ENTERPRISES COMMUNICATIONS CORP. to CATCO COMMUNICATIONS, LLC after arriving at a consent decree with GB to settle issues of unauthorized transfer of control of the station. GB wil pay $11,000 to settle the matter, and a Petition to Deny filed by LA PODEROSA, LLC and CARLOS S. GUERRERO, treated as an informal objection due to its being untimely filed, has been denied. The issues involve receiver GEORGE R. REED's operation of the station and disputes over whether EDWARD OLIVARES' purchase of 100% of GB stock at sheriff's auction should have triggered a transfer of control filing.
CRTC Approves Corus-Shaw Deal
In CANADA, the CRTC has approved the purchase by CORUS ENTERTAINMENT INC. of rival Canadian media conglomerate SHAW MEDIA, INC. for C$2.65 billion -- C$1.85 billion in cash and C$71 million in CORUS Class B shares. The CRTC said that under the structure of the corporate reorganization, since both CORUS and SHAW continue to be effectively controlled by J.R. SHAW, the deal does not constitute a change in control and is consistent with the CRTC's treatment of the two companies as "one voice." The move, financed by RBC CAPITAL MARKETS, will result in CORUS owning the GLOBAL television network, 39 radio stations, 15 TV stations, 45 cable networks, animation studio NELVANA, and digital and content studio assets. The deal is expected to close on APRIL 1st.
CRTC Chairman and CEO JEAN-PIERRE BLAIS said, "The CRTC conducted a full public process in reviewing this transaction consistent with its long standing policies. This decision will help position CORUS ENTERTAINMENT INC. as a stronger player in the market and help elevate more Canadian-made programming to new heights both here in CANADA and around the world. This helps support the entire audiovisual ecosystem in CANADA. From a regulatory perspective, CORUS and SHAW have always been considered as a single voice in the Canadian marketplace since the 1990’s. This decision changes nothing in that respect.”