Townsquare Tuscaloosa Deal Part II: WDGM Sold To EMF
May 5, 2016 at 11:15 AM (PT)
The second stage of TOWNSQUARE MEDIA's changes in TUSCALOOSA has been filed, with TOWNSQUARE MEDIA TUSCALOOSA LICENSE, LLC selling Sports WDGM (TIDE 99.1)/GREENSBORO-TUSCALOOSA, AL and W265CG/TUSCALOOSA to EDUCATIONAL MEDIA FOUNDATION for $100,000.
As reported earlier (NET NEWS 5/3), TOWNSQUARE is divesting WDGM in order to buy Classic Country WTBC-A-W261BT (CATFISH COUNTRY)/TUSCALOOSA, AL and Classic Country WNPT-F (CATFISH COUNTRY 102.9) /MARION, AL from JOHN SISTY ENTERPRISES, INC. for $550,000, with the WDGM spinoff intended to satisfy FCC ownership limits for the TUSCALOOSA market.
In other filings with the FCC, WORD BROADCASTING NETWORK, INC. is selling Haitian WYMM-A/JACKSONVILLE, FL to AVM BROADCASTING LLC (successor to PUISSANCE INTER RADIO) for $60,000 (plus $350,000 already paid under a 2014 option agreement). The buyer has been operating the station under an LMA since 2014.
WRVM, INC. is selling W250AV/PARK FALLS, WI to COURIER COMMUNICATIONS CORPORATION for $30,000. The buyer plans to move the translator to rebroadcast Urban-Talk WNOV-A/MILWAUKEE.
HORIZON BROADCASTING CO., LLC has applied for an extension of its Silent STA for WBYW/LYNN HAVEN, FL after losing its program source.
WPGW, INC. has requested a Silent STA for W287BC/ANDERSON, IN while it relocates the translator to PORTLAND, IN to use to rebroadcast WPGW-A.
LEWIS BROADCASTING, LLC has filed for an extension of its Silent STA for WJZI-A/DECATUR, IN after losing its site,
DAN DEEB has closed on the sale of his 49% interest and DEANNA STENMAN has closed on the sale of her 1% interest in RESONATE HAWAII, licensee of Top 40 KHBC (THE WAVE @92FM) and Alternative KIPA (102.7 THE BEACH)/HILO, HI; Top 40 KHWI (THE WAVE @92FM)/HOLUALOA, HI; Alternative KTBH-F (102.7 THE BEACH)/KURTISTOWN, HI; and Hot AC KWYI/KAWAIHAE, HI to 30% owner CARLA MARIA MORRIS for $50 (DEEB) and $1 (STENMAN). MORRIS, from AUSTRALIA, now holds 80% of the licensee and SALLY DOBSON's EL GORDO TRUST, also from AUSTRALIA, now holds 20%, with WILLIAM ZUCKER as Manager.
ROBERT B. MAHAFFEY's KGGF-KUSN, INC. has closed on the sale of News-Talk KGGF-A and Hot AC KQQF (STAR 98.9)/COFFEYVILLE, KS, Classic Hits KGGF-F/FREDONIA, KS, and Country KUSN (US 98)/DEARING, KS to SEK MEDIA, LLC for $800,000 plus $100,000 in a noncompete agreement for the seller.
YOUR CHRISTIAN COMPANION NETWORK, INC. has closed on the sale of K274CK/LAYTONVILLE, CA (now K273CU/PETALUMA, CA) to CALIFORNIA BROADCASTING COMPANY, LLC for $23,000. The station plans to rebroadcast Regional Mexican KZNB-A (EL PATRON)/PETALUMA, CA.
REFUGE MEDIA GROUP has closed on the sale of K201HD (now K254CK)/CLARA CITY, MN to COMMUNITY FIRST BROADCASTING, LLC for $40,000. The buyer plans to move the translator to rebroadcast Oldies KSOU-A/SIOUX CENTER, IA.
E-STRING WIRELESS, LTD. has closed on the sale of K229CG/EMPORIA, KS (now K293CJ/OMAHA) to SALEM MEDIA OF ILLINOIS, LLC for $25,000. The translator will move to rebroadcast Religion KCRO-A/OMAHA.
WESLEY R. WEIS has closed on the sale of W244AS/OAKHURST, NJ to VIDEO MUNDO BROADCASTING CO., LLC for $100,000. The buyer plans to move the translator to rebroadcast Tropical WPMZ-A (PODER 1110)/EAST PROVIDENCE, RI.
EDGEWATER BROADCASTING, INC. has closed on the sale of K233BQ/CHILDRESS, TX to STILLWATER BROADCASTING, LLC for $35,000. The buyer plans to move the translator to rebroadcast Sports KSPI-A (SPORTS 780)/STILLWATER, OK.
And FAMILY STATIONS, INC. has closed on the sale of K236AA/CEDAR RAPIDS, IA to KZIA, INC. for $60,000.
In a deal yet to appear in the FCC database, EL DORADO BROADCASTERS is selling News-Talk KVEC-A/SAN LUIS OBISPO, CA to AMERICAN GENERAL MEDIA for an undisclosed price. KALIL AND CO. served as exclusive broker for the deal.