On October 30, the wife of a popular TV meteorologist in the New York metropolitan area signed off on a deal that gave her newly formed entity control of a Class A FM serving Suffolk County, N.Y.’s eastern end, including the famed Hamptons.
On Dec. 17, a consummation notice filed by the FCC was granted, allowing the deal to close.
Today’s TRANSACTIONS TODAY also has details on a closing in Ohio.
For the purchase price of $3.9 million, Bark Out Loud Dogs (BOLD) Media — a newly formed entity wholly led by New York-based physical therapist Sandra Foschi — is acquiring WLNG-FM 92.1 in Sag Harbor.
The seller is the Main Street Broadcasting Company.
WLNG airs an Oldies format that speaks to the heritage of WCBS-FM 101.1 in New York, focusing on classic hits from the 1950s through the 1970s. PAMS-style jingles can be heard introducing such records as “Over You” by Gary Puckett & The Union Gap.
Main Street principal Robert King passed away eight years ago this December. As such, the trust needed a buyer.
The bulk of the funds tied to Foschi’s purchase of WLNG is for the waterfront real estate housing its offices and studios. Some $3.2 million is attributed to property at Redwood Road in Sag Harbor, while $125,000 is attributed to 1017 Millstone Road in Sag Harbor, where WLNG’s broadcast tower sits.
Thus, $575,000 is the price Foschi is paying for the broadcast license of WLNG and all radio station assets.
New York-based media broker John W. Saunders was the exclusive broker for this transaction.
Foschi owns no other broadcast interests, but she’s very much connected to someone in the local media.
Foschi’s husband is Bill Evans, the popular Senior Meteorologist at WABC-7 in New York who can be seen weekday mornings. Evans began his broadcasting career at the age of 13 in his hometown of Meridian, Miss. — as an air personality on WDAL-FM (now WJDQ).
EMF Sends FM To St. Gabriel
Educational Media Foundation has parted ways with an FM on the noncommercial band in New Boston, Ohio, by handing it to St. Gabriel.
Specifically, Saint Gabriel Radio has closed on its $175,000 purchase of WUKV-FM 88.3 in New Boston, Ohio, a Class A facility near the Huntington, W. Va. area.
This pairs WUKV with Saint Gabriel’s WVSG-AM 820 in Columbus, Ohio.
Catholic programming now airs on WUKV, in place of EMF’s Christian Hot AC K-LOVE Network.
Jon Yinger of Broadcast Properties LLC served as the exclusive broker in this transaction.
Since February 2017, insiders likely knew that the future of WUKV was uncertain. That’s because EMF on Valentine’s Day of last year agreed to acquire the former WNKE-FM 104.1 in New Boston from Northern Kentucky University for $700,000.
WNKE’s signal is tremendous, as it is a Class C0 facility with 100kw. As such, the facility now sporting the WPYK call letters covers Portsmouth, Ashland, Chillicothe and even the eastern suburbs of Cincinnati. It also reaches Huntington and much of Charleston, W. Va.