RM marks up its Palm Springs radio investment


SoldTodd and Margaret Marker and their RM Broadcasting LLC already have three FMs in the Palm Springs market, and now they have a deal to acquire a fourth.

The station is KAJR-FM Indian Wells CA. It’s owned by A&J Media LLC, which in turn is headed by Arthur Rivkin.
The price will be $600K cash.

RM is no stranger to KAJR – it’s been selling time on the station since the two companies agreed to a JSA on 8/15/07. That understanding was upgraded to a time brokerage agreement (TBA) 2/1/10.

The station forms a superduopoly with KPLM-FM Palm Springs CA, KJJZ-FM Indio CA, KMRJ-FM Rancho Mirage CA.

Here’s a look at the RM portfolio, which is already essentially in place thanks to the earlier agreements:
* KAJR-FM is a Class A SAC station on 95.9 MHz with 1.75 kW @ 620’. It’s branded 95.9 FM The Oasis.
* KPLM-FM is a Class B New Country station on 106.1 MHz with 50 kW @ 397’. Its moniker is Big 106.
* KJJZ-FM is a Class A Smooth Jazz station on 102.3 MHz with 2.6 kW @ 331’. It’s known as K-Jazz 102.3.
* KMRJ-FM is a Class A Classic Rock station on 99.5 MHz with 3 kW @ 328’. It answers to Jammin 99.5 FM.