Townsquare Sells In Idaho Falls-Pocatello
January 24, 2011 at 5:10 AM (PT)
TOWNSQUARE MEDIA is selling its IDAHO FALLS and POCATELLO stations to RICHARD MECHAM's RICH BROADCASTING, LLC. No price was disclosed for the deal, which gives RICH its first broadcast acquisitions. The stations include Country KID-F (96.1 THE BULL), AC KLLP (STAR 98.5), Talk KID-A-KEGE, Rock KPKY (94.9 THE ROCK) and Talk KWIK-A.
"The sale of our stations in IDAHO FALLS and POCATELLO emanates from an ongoing strategic review of our portfolio of assets," said TOWNSQUARE MEDIA Chairman and CEO STEVEN ORICE. "We remain committed to the radio broadcasting business in IDAHO where we will continue to own four stations in TWIN FALLS."
"This acquisition represents a strong commitment to localism in broadcasting and a solid foundation for our company's future growth," said MECHAM. "Our management team's previous experience managing stations in these markets for BONNEVILLE INTERNATIONAL gives us an appreciation for the communities and we look forward to working with the existing personnel as we build on their success."
CUMULUS is buying FM translator W219DA/PAW PAW, MI (west of KALAMAZOO) from HORIZON CHRISTIAN FELLOWSHIP for $12,500. The translator is listed in the application as intended to rebroadcast CUMULUS' Rock WRKR/PORTAGE, MI.
In other deals filed with the FCC, DIAMOND PEAK INVESTMENTS LLC is selling Top 40/Rhythmic KDPM (94.9 JAMZ)/COTTAGE GROVE-EUGENE, OR and FM translator K235BF/EUGENE, OR to CATHOLIC BROADCASTING NORTHWEST, INC. for $700,000.
JNE INVESTMENTS, INC. is selling the construction permit for KTXW-A/MANOR, TX to BUSTOS MEDIA HOLDINGS, LLC for $1,000 pursuant to a DECEMBER 2009 agreement.
KSBJ EDUCATIONAL FOUNDATION is selling the construction permit for a new FM at BAY CITY, TX to ALELUYA CHRISTIAN BROADCASTING, INC. for $1,000.
BEACON BROADCASTING CORP. is selling the construction permit for FM translator W258BM/EASTON, PA to WHOL RADIO INC. for $20,000. The translator will be used to rebroadcast Spanish Tropical WEST-A (HOLA 1600, simulcasting WHOL-A/ALLENTOWN).
SPANISH PEAKS BROADCASTING, INC. is selling the construction permit for FM translator K267BE/BIG SKY, MT to HI-LINE RADIO FELLOWSHIP, INC. for $1.
Requesting a Silent STA was EDGEWATER BROADCASTING, INC. (W212BY/CYPRESS MILLS, GA), and filing to extend Silent STAs were HORIZON CHRISTIAN FELLOWSHIP (KHRU/BEULAH, ND; K288FD/ARKADELPHIA, AR; W270BH/BLOOMINGTON, IN; W277AQ/CANTON, IL; K210EA/FORDYCE, AR; W277AT/HAVANA, IL; K205EZ/BOONE, IA; K288FF/BISMARCK, ND); BIG D CONSULTING, INC. (KNAN/NANAKULI, HI); and ONE MINISTRIES, INC. (K219LL/CHUALAR, CA).
And ATLANTIC BROADCASTING OF LINWOOD LLC has filed for Debtor-in-Possession status in the wake of its bankruptcy filing (NET NEWS 12/22). The stations include Classic Hits WTKU (KOOL 98.3), Classic Rock WMGM (THE SHARK 103.7), Talk WOND-A, Top 40 WWAC (WILD 102.7), and Spanish Tropical WBSS-A (LA FIESTA), which have been offered for sale.