Radio Disney Sells Another
January 25, 2010 at 12:08 PM (PT)
DISNEY's RADIO DISNEY division sells off its WMNE-A/RIVIERA BEACH-WEST PALM BEACH, FL to TRAVIS MEDIA, LLC for $500,000.
In a deal not yet filed with the FCC, RADIO DISNEY is also selling its WHKT-A/PORTSMOUTH-NORFOLK, VA to STUART EPPERSON’s CHEASAPEAKE-PORTSMOUTH BROADCASTING for $350,000. BILL SCHUTZ of SCHUTZ AND CO. is serving as broker for the seller and JOHN PIERCE AND CO. is serving as broker for the buyer.
In other deals filed with the FCC, RANDY MICHAELS' RADIOACTIVE LLC is selling Classic Rock KXLP/EAGLE LAKE, MN to MINNESOTA VALLEY BROADCASTING CO. for $1.2 million under an LMA and option agreement transferred from CLEAR CHANNEL to THREE EAGLES to the ultimate purchaser.
SORENSON BROADCASTING CORP. is selling Country KKYA (KK93) and AC KYNT-A/YANKTON, SD, Adult Hits KLXS-F (95.3 JACK FM) and AC KCCR-A/PIERRE, SD, and Talk KORN-A and AC KQRN (Q107)/MITCHELL, SD to RIVERFRONT BROADCASTING LLC for $3.2 million.
VIC MICHAEL's CEDAR COVE BROADCASTING, INC. is selling KMPB/FRISCO, CO to COMMUNITY RADIO OF NORTHERN COLORADO for $60,000.
DJR BROADCASTING, LLC (DONALD B. CRAWFORD JR.) is selling Adult Standards KCMN-A/COLORADO SPRINGS and Religion KCBR-A/MONUMENT, CO (and K-DREAMS, LLC is selling the stations' tower sites) to MICHAEL's KONA COAST RADIO, LLC. for $400,000.
Receiver WAYNE KLEIN has applied to transfer control of RADIO 940, LLC, licensee of Oldies KOBY-A/CEDAR CITY, UT, to his receivership. KLEIN is the receiver for LEGACY MEDIA CORPORATION, parent of RADIO 940.
And CALVARY CHAPEL OF COSTA MESA, INC. is selling FM translator W288BU/DURHAM, NC to LIBERTY UNIVERSITY, INC. as part of a previously-filed $1.2 million multi-station sale.
Znaimer Moves Stations Under ZoomerMedia Ownership
In CANADA, the investment of FAIRFAX FINANCIAL HOLDINGS in ZOOMERMEDIA LTD. has led to a restructuring in which ZOOMERMEDIA Pres./CEO/majority shareholder MOSES ZNAIMER is selling Adult Standards CFZM-A (ZOOMER RADIO AM740) and Classical CFMZ (THE NEW CLASSICAL 96.3 FM AND 103.1 FM)/TORONTO, MZTV PRODUCTION AND DISTRIBUTION INC., ZOOMER MANAGEMENT LTD., the IDEACITY conference, and an office building in TORONTO to ZOOMERMEDIA for C$17.6 million, paid with shares and $4 million cash.