Here’s some news that may read a little odd: Educational Media Foundation is selling a few broadcast media properties.
The prolific religious noncomm led by CEO Mike Novak has been one of the most voracious buyers of radio stations across the U.S. of late, so it’s perhaps notable that it is making any sort of divestment.
Meanwhile, in our other TRANSACTIONS TODAY update, the HD3 signal of a Lehigh Valley FM is getting a translator in Berks County, Pa.
In a $5,000 deal, EMF — operator of the Christian AC KLOVE and Christian Pop Hits Air1 music formats — has dealt silent translators K217EK, at 91.3 MHz in Palo Colorado Canyon, Calif.; K237EV, at 95.3 MHz in Big Sur Valley, Calif.; and K207CN, at 89.3 MHz in Santa Cruz, Calif. to University Corporation at Monterey Bay.
The buyer is tied to California State University-Monterey Bay, and the translators will be used in concert with its noncommercial Class B KAZU-FM 90.3 in Pacific Grove, a south suburb of Monterey.
Because of the geography of the Monterey-Salinas-Santa Cruz markets, many Monterey signals cannot reach the Santa Cruz area or much of the terrain south of Carmel along the famed Pacific Coast Highway (CA-1). Thus is the case with KAZU, the market’s primary NPR affiliate.
K217EK covers an area just north of Big Sur; K237EV is in the heart of Big Sur, home to famed oceanfront restaurant Nepenthe.
The trio of translators went dark after noncommerical KUSP-FM 88.9 in Santa Cruz ended 45 years of service in August 2016, following a Chapter 7 bankruptcy filing by owner Pataphysical Broadcasting Foundation.
EMF acquired KUSP in December, along with the three translators, through a U.S. bankruptcy court authorization order for a total purchase price of $605,000. KUSP is now a “satellite” station of KLVR-FM in Middletown, Calif., home to the main studio of KLOVE.
David Oxenford of Wilkinson Barker Knauer LLP served as EMF’s legal counsel. Acting as legal counsel for CSU Monterey Bay is John Grigler of Garvey Schubert Barer.
In other TRANSACTIONS TODAY:
- Northeastern Pennsylvania Educational Television Association is selling W296CL, at 107.1 MHz in Reading, Pa., to Osiris Fernando Guzman for $75,000. A $15,000 deposit has been made by the buyer. The station will broadcast the HD3 signal of WLEV-FM 100.7 in Allentown, which is currently brokered to Guzman. The translator is presently assigned to noncommercial WVIA-FM in Scranton, Pa. (Note: RBR + TVBR incorrectly reported that WLEV was still on its original 96.1 MHz signal at the time of publication. This was edited on April 14, 2017).