According to the asset purchase agreement, a group of four companies have come together to buy two Class B AMs ringing Chicagoland and a Southern Nevada AM from another group of four companies.
While the language is complex and an addendum was filed with the FCC to reflect a name change of the buyer, one thing is clear: William H. Pollack just took over what’s known as “The Radio Shopping Show.”
Also in TRANSACTIONS TODAY: A silent religious noncomm in the Golden State changes hands, and a heritage African American-targeted AM in Western New York is bringing in an FM translator from Scranton, Pa.
In a deal valued at $2 million, Pollack – via the companies Radio Shopping LLC, Las Vegas Broadcasting LLC, Elgin Community Broadcasting LLC and Auril Broadcasting LLC – has obtained all of the assets for “The Radio Shopping Show”, from K. Richard Jakle, and his companies Fox Valley Broadcasting, Big Broadcasting Co., Las Vegas Radio Co., and Radio Shopping Now Inc.
A $100,000 escrow deposit has been made to agent Wood, Hardy & Martin PC. The balance is due at closing.
The stations involved in the deal are:
- WBIG-AM in Aurora, Ill., which has a directional two-pattern signal at 1280 kHz broadcasting with 1kw daytime from two towers and 500 watts nighttime from three towers
- WRMN-AM in Elgin, Ill., boasting a nighttime directional signal at 1410 kHz that has 1kw during daylight hours from 1 tower and 1.3kw at night from 4 towers
- KSHP-AM in North Las Vegas, Nev., a Class C with 1kw from 1 tower
“The Radio Shopping Show” is best described as “HSN for radio.” A full service morning show hosted by Ryan Gatenby precedes a block of direct marketing opportunities. A second block airs between 4 p.m. and 6 p.m. Central, with programming from Fox Sports Radio and RFD Illinois airing in other dayparts on WBIG; programming from Genesis’ GCN Network on WRMN; and Sports Byline USA programming airing on KSHP.
Also in TRANSACTIONS TODAY:
- Sheridan Broadcasting Corp. — the African American-focused broadcast company that once owned WAMO-FM in Pittsburgh — has acquired a translator located in Scranton, Pa. and is shipping it to the Buffalo-Niagara Falls market. Once there, W289AU will serve as an FM signal tied to WUFO-AM 1080, licensed to Amherst, N.Y. Sheridan purchased W289AU from Community Radio Collective for $40,000. Amherst is exactly 192 miles from Scranton. George W. Kimble of Kozacko Media Services was the exclusive broker in this transaction.
- Living Proof, a California nonprofit that owns stations airing religious programming, is selling silent KWBP-FM 3 in Big Pine, Calif., to nonprofit Cedar Broadcasting Inc. for $12,000. A 50% deposit has been made by Cedar to the seller. Matthew McCormick of Fletcher, Heald & Hildreth represented Living Proof as its legal representative in this transaction. Cedar’s educational mission is “to educate, inform, enlighten and enliven the community with and about the culture and history of the Levant,” the historical geographical term for Israel, Lebanon, Jordan and Syria. KWBP’s tower is on Mazuorka Peak, covering a picturesque area of U.S. 395 on the east side of Mt. Whitney.