A Class C3 noncommercial FM station serving one of Wyoming’s biggest cities is being traded.
The buyer is an individual who has been busy in recent months buying and selling FM translators and full-power FMs, too — in particular, on Maui.
Through his Cedar Cove Broadcasting, Vic Michael is acquiring KKRR-FM 88.3 in Casper, Wyo.
The seller is WCN Inc.
He’s paying $50,000 for the facility, with half paid upfront as a deposit.
WCN is led by Cheyenne, Wyo.-based Robert Rule.
With this deal, KKRR is added to a group of stations that includes KRKY-FM in Douglas, Wyo.; he is also the proposed assignee of KAIX-FM in Cheyenne, Wyo.
FROM THE RBR+TVBR ARCHIVES:
The owner of full-power and FM translator stations in such locales as Arizona and Hawaii is dealing a silent 250-watt facility in a growing area of the Grand Canyon State. The buyer? The owner of La Campesina, a popular regional Mexican noncomm targeting first-generation Latinos.
Vic Michael has been a prolific buyer and seller in recent months, with properties exchanging hands in Hawaii and in the Rocky Mountain West. Now, Michael is saying goodbye to a pair of FM translators in Colorado. The buyer is one of the state’s biggest noncommercial operators, which is already leasing the facilities for an “AM revitalization effort.”
Vic Michael has appeared in RBR+TVBR’s TRANSACTIONS TODAY numerous times over the last several weeks, as the owner of radio stations in Hawaii and FM translators across the western U.S. has been actively engaged in several deals. Now, he’s agreed to the sale of a pair of translators in the Rocky Mountain State, while putting his seal of approval on an asset exchange. Also today: Two TV deals that saw Kalil & Co. represent the buyers have closed.
A silent AM in Salt Lake City owned by Cumulus Media has been purchased by an individual who has been busily making deals in Arizona and in Maui, Hawaii over the last few months.