An AM and FM is being sold by a court-appointed temporary receiver who has possessed control of the properties since fall 2008.
The buyer has one other station in Sunshine State, with the majority of his broadcast properties in Georgia.
NIA Broadcasting, led by Neal Ardman, has entered into a Time Brokerage Agreement and asset purchase agreement for WTMP-AM in Egypt Lake, Fla., and WTMP-FM in Dade City, Fla., with Scott Savage.
Savage was named receiver of the stations in Sept. 2008 and is selling the stations on behalf of Tama Broadcasting.
WTMP-AM & FM are within the Tampa-St. Petersburg Nielsen Audio-rated market.
WTMP-AM 1150 airs a “Classic Hip-Hop” format featuring syndicated morning host Ed Lover and Gospel programming until 3 p.m. each Sunday. The Class B station broadcasts with a directional, two-pattern signal with 10kw during daylight hours and 500 watts at night, via three towers. This gives WTMP-AM coverage of the market’s key African-American communities.
WTMP-FM 96.1 is a regional Mexican station featuring the syndicated Raul Brindis in morning drive. The station’s north-suburban signal reaches the towns of Brooksville, Zephyrhills and Wesley Chapel, along with Tampa’s northern suburbs in Hillsborough County. It cannot be heard in Pinellas County.
Ardman’s company is paying $500,000 for the pair; a 10% escrow deposit has been made to agent Putbrese Hunsacker & Trent P.C.
Savage’s own Savage Media Group LLC served as the broker in this transaction.
Ardman holds attributable ownership interest in WYKB-FM in Fernandina Beach, Fla.; five FMs and two AMs in Georgia; and WIYC-TV in Troy, Ala.