On March 29, a Manhattan, Kansas-based entity described by RBR+TVBR in an October 2016 two-part series as “not a radio company” signed off on a deal that would transfer 6 full-power stations and two FM translators to another Kansas-based operation.
The asset purchase agreement was filed with the FCC on Thursday (4/4), and comes on word that two family members closely associated with the seller — Rocking M Media — are no longer involved in their parents’ operation.
Rocking M is selling the following stations, held by two licensees, to Allied Media Partners for a total price of exactly $6,188,645:
From RMMW Licenses:
- KIBB-FM in Haven, Ks.
- KVWF-FM in Augusta, Ks.
- KKGQ-FM in Newton, Ks.
From RMM Licenses:
- KLEY-AM & KWME-FM and translator K262CQ in Wellington, Ks.
- KKLE-AM and translator K230CE in Winfield, Ks.
A $300,000 earnest money deposit has been made to Rocking M and is being held by Security 1st Title in Wichita.
There is no broker or finder associated with this deal, which hands the properties to a Wichita-based operation led by CEO Matt Baty, who has 50-50 ownership with Tom Castor.
Rocking M is led by Managing Member Monte Miller. As of October 2016, its President was Christopher Miller, his son, who also serves as President/CEO of media investment bankers Gammon Miller LLC.
Today, Miller is no longer involved with Rocking M, and his one-third ownership of the company is gone. RBR+TVBR has learned that Christopher Miller was terminated via e-mail on March 11, as was the company’s Digital/Social Media Manager, Cale Miller.
Cale is the son of Christopher Miller and grandson of Monte Miller.
Under Christopher Miller, Rocking M rapidly expanded, growing to 32 stations between 2008 and 2018.
That included the Oct. 12, 2016 purchase of KSAL-AM 1150, Class C3 KSAL-FM 104.9; Class D KABI-AM 1560; and Class C1 100kw KYEZ-FM 93.7 in Salina, Kan.; and Class C1 KBLS-FM 102.5 in North Fort Riley, Kan., from Alpha Media for an undisclosed price; KBLS was spun off to a local owner due to FCC local ownership limits.
Rocking M has also seen revenue growth from the launch nearly five years ago of Wheat State Signs, a banner and vehicle wrap operation.
There’s also KanBids.com, an online auctioneer; employment search site WorkInWesternKansas.com; news-oriented TodayInKansas.com; RuralGrowth.com, a crowdsourcing platform for new business development that allows both investments and raising capital to the Wheat State’s smallest communities; and an events division that stages the annual Southwest Kansas Winter Expo and “HorseThief – The Festival,” a summertime camping/concert/outdoor activity weekend festival.
The Miller family’s media holdings date to the 1880s, with newspapers. The A.Q. Miller Family School of Journalism and Mass Communications at Kansas State University is named after Christopher Miller’s great-grandfather.