The Rev. Jimmy Swaggart and three of his family members, also members of the clergy, are the principals of Family Worship Center Church. That's the entity that is adding a noncommercial FM station in Florida to its holdings, according to a Form 314 filing with the FCC made on Tuesday.
Among the big tower owners based in Boca Raton, Fla., is SBA Communications, the firm that in the third quarter of 2016 acquired a tower from Saga Communications in Norfolk for $1.35 million. Now, Saga and SBA have conducted business again — this time in New England, in a deal brokered by Boca Raton-based Michael J. Bergner of Bergner & Co.
Since 1974, a Class D AM with 5kw during the day and 152 watts at night has used a single tower to reach a large swath of the coastal Carolinas. Now, the owners of this station have decided to sell. The buyer is a local entity that has effectively operated the station for more than 20 years, and it is our top deal in RBR+TVBR's TRANSACTIONS TODAY for the weekend of March 9-11.
Two deals are featured in RBR+TVBR's TRANSACTIONS TODAY for Thursday, March 8. In the first transaction, a swap of two FMs brings a piece of Michigan a fiercer Bear. The second deal sees a pair of "artistic" stations being merged with a very "sound" player.
In the world famous ski town of Snowmass Village, Colo., is a 23-watt FM translator that until recently has served as a rebroadcast partner of "The Range," a Classic Country station. Programming has shifted to another translator, with a slightly bigger coverage area, from nearby Aspen. As a result, the owner of the 23-watter is giving the facility away.
In years past, RBR+TVBR's TRANSACTIONS TODAY would have gotten a lot of attention from that headline, which many could have interpreted as the former Lincoln Financial Media entering Western New York's biggest market. Today, it refers to the transfer of control of an ESPN Radio affiliate in a different Buffalo than the one known for Elmwood Village, the Sabres, and a certain poultry snack few locals eat. The seller is a big regional player — based near Buffalo, Ky.
It was the intention of Cumulus Media to acquire two radio stations in the Windy City from Merlin Media. However, Cumulus' financial difficulties led to the eventual dismantling of a deal that would have seen it obtain WKQX-FM "Q101" and WLUP-FM 97.9. Now, Merlin Media — the company led by noted radio industry veteran Randy Michaels — is selling WLUP. Cue up "Jesus Is Just Alright" — a switch to a noncommercial Christian Contemporary music format is coming for the storied Rocker.
Here's a transaction that involves an otter. That's the tongue-in-cheek branding for a low-power television station serving the Monterey-Salinas-Santa Cruz market, which has just been sold in a deal to an entity named Diya TV. It's the top deal in detail featured in RBR+TVBR's TRANSACTIONS TODAY for March 5, 2018.
The Delmarva Peninsula media company led by Craig Jahelka has just completed its acquisition of a four-station cluster of radio stations in the Salisbury-Ocean City, Md., DMA. It's the lone item for business in the Weekend Edition of RBR+TVBR's TRANSACTIONS TODAY for March 2-4.
Everybody knows Ernie Anderson's voice from those old 1970s promos for The Love Boat. Ya' think The Love Station has something similar to offer? That's the name of a Ponca City, Okla., company that is purchasing a Class A FM between Ardmore and Oklahoma City. And, it's the subject of RBR+TVBR's TRANSACTIONS TODAY that's bound to be full of Praise.
George S. Flinn Jr. is widely known across the media broadcasting industry for his ownership of radio and TV stations in Mississippi, the Memphis market, and in Arkansas. But, he's also had a presence in the Silver State, where he owns an AM and an FM. The AM, which serves the "biggest little city in the world" and the state capital, is now being sold.
It's not often that RBR+TVBR's TRANSACTIONS TODAY can report on a "Hall of Fame" deal. However, that's exactly what we are able to share with readers. A Class A FM in a big Southern metropolis is literally heading to a hall of fame. The arrangement preserves a radio home for jazz music in this city, and it is all thanks to a local university.
Here's a deal that involves a Class C AM and an agreement that resolves some of the seller's financial woes. The AM station is seeing a transfer of control agreed to in October 2017, by way of a Form 314 filing made with the Commission on Feb. 26, 2018. In exchange, forgiveness has been given.
An AM-FM combo, along with the AM's FM translator, in West Virginia are trading hands. In Colorado, the price on a deal brokered by Kalil & Co. has been revealed. These are the deals in focus in RBR+TVBR's TRANSACTIONS TODAY for Friday, Feb. 23.
For media brokers, there's been perhaps no more prolific buyer of radio stations in recent years than Educational Media Foundation, the operator of the Christian Contemporary Music KLOVE and Air1 noncommercial networks. In the TV world, one entity has emerged with a similarly voracious appetite for properties. It's the Philip Falcone-led HC2 Holdings, and the company that's buying Azteca América just landed another low-power TV station.