A Class A facility at 99.3 MHz has been on the air since 1959, and is the only commercial radio station located in Franklin County, Maine.
This station is now trading hands, and the buyer is a local entity.
It’s the lone deal featured in RBR+TVBR‘s TRANSACTIONS TODAY for Wednesday, Aug. 16, 2017.
In a transaction with a total value of $525,000, Katahdin Communications is acquiring WKTJ-FM 99.3, licensed to Farmington, Me., from Clearwater Communications.
The buyer is led by James Talbott, and with this deal Katahdin lands its third station; it also owns WSYY-AM & FM in Millinocket, Me., located to the north along the border with New Brunswick, Canada.
There is no broker associated with this deal.
WKTJ is an active community-focused radio station that airs a Classic Hits format, local sports, and a “Phone Mart” airing three times per day, in 10-minute segments.
The station is also the longest consecutive-season affiliate of the Boston Red Sox baseball club, and has carried the team’s games since 1962.
“We are often out and about at local events or broadcasting for a local businesses,” WKTJ notes on its website. “As a local UPS driver once said, ‘I hear every song you play every day because nearly every business I go into has you on!'”