A Legacy Cluster’s Quick Owner Flip


Less than one week ago, TRANSACTIONS TODAY shared the news that the nation’s only farmer-and-rancher-owned radio association reached an agreement to purchase seven additional radio stations in Nebraska.

The deal included six stations serving the Scottsbluff area.

It turns out the association won’t be keeping one of those properties, and is selling it to a non-profit broadcast ministry.

On Nov. 4, it became known that the Nebraska Rural Radio Association (NRRA) was purchasing six stations in Scottsbluff, Neb., and a seventh station in Holdrege, Neb., from Alan Usher’s Legacy Communications: 

  • KMOR-FM, KETT-FM, KOZY-FM, KHYY-FM, KOAQ-AM and KOLT-AM in Scottsbluff
  • KUVR-AM and FM translator K245CK at 96.9 MHz in Holdrege.

Kalil & Co. served as the broker in the transaction.

“We are very excited to add these stations to our other 10 stations and translators across the State of Nebraska,” NRRA Chief Operating Officer Tim Marshall said. “I appreciate how Legacy Communications worked with us on this project.”

It is now known that, when the NRRA completes its deal with Legacy, it will spin KETT-FM to VSS Catholic Communications.

KETT is a Class A presently branded as “Sunny 99.3,” operated under the Hometown Family Radio banner. This will cease at closing.

VSS is paying $40,000 for Sunny, and is expected to convert it to a non-secular format as a noncommercial FM.

A $5,000 escrow payment has been made to escrow agent John Wells King, the noted Communications attorney.

VSS is led by James Carroll and is the licensee of four other Nebraska radio stations.