A Class C AM just west of Altoona, Pa., is trading hands. At the same time, two Boston-area AMs are getting a "Real" change in owners. These are the deals under the microscope in the Memorial Day Weekend edition of TRANSACTIONS TODAY.
There's a change in ownership at a pair of AMs in the Pacific Northwest that serve the region's biggest market with Punjabi programming targeted to South Asians. It's the top deal in the Thursday edition of TRANSACTIONS TODAY, which also has the price Urban One is paying for WTEM-AM in Washington, D.C.
In Colorado is a radio station with a booming Class D signal that stretches to the New Mexico border in the south all the way to the Wyoming border in the north. It also boasts a valuable FM translator that puts a signal right over its primary market. Locals need not ask if the "Blazin'" programming currently heard will be torched by the new owner.
Canton may be best-known as the highly Anglicized name of Guangzhou, China -- and just a few Chinese restaurants across the U.S. It's also the name of a town in the Land of Lincoln, and that's where one company plans on grabbing an AM/FM combo and an FM translator in a deal that is yet to be filed with the FCC.
In what is one of the first deals to arrive following the FCC's November 2017 decision to end its 42-year-old newspaper/broadcast media cross-ownership rules, the owner of a daily newspaper serving a city on the western slope of the Colorado Rockies has agreed to purchase an FM and its three associated translators for an undisclosed price.
A Class B AM covering much of the Baltimore-Washington corridor that has a long, rich history in D.C. is being acquired by a leading broadcasting company with a rich history of its own in the Nation's Capital. The transaction also marks the end of radio station ownership for an entity controlled by the man who controls the NFL's Washington Redskins.
A quartet of non-commercial "educational" radio stations in Maine have just been sold to a religious broadcasting operation responsible for some very "relevant radio" across the U.S. It's the lone new deal up for discussion in the Weekend Edition of TRANSACTIONS TODAY, which also sees a closing in the Midwest featuring Jason James of Patrick Communications as the broker.
A Class C3 station offering "Super Hits of the '60s and '70s" in a rural part of this Southern state is trading hands. At the same time, a business decision in the Outer Banks of North Carolina has effectively reduced "Your Classic Rock" to a single signal, ending a simulcast. Those are the two deals under the microscope in TRANSACTIONS TODAY.
One of the first individuals to own an FM in the state of Oklahoma is a man who first gained fame at a major Top 40 radio station, and later became a heralded Country radio superstar. He passed away in late 2015, putting his stations in a trust controlled by his widow. Now, one of those stations -- operated by his son's radio group for 23 years -- is being spun.
In late February, Talking Stick Communications agreed to sell a Class A FM to the northeast of Fort Wayne, Ind., for $300,000. It appears Talking Stick wasn't done with its divestment in Indiana. The company is spinning two other FMs and an AM with an FM translator.
The future of a long-time talker serving a corner of the Pacific Northwest is now securely in the hands of conservative and Christian-leaning radio station owner Salem Media Group. Thanks to a swap, it will now own a station it has been operating in Portland since March via an LMA.
It is Upfront Week in New York, that time of year when broadcast television networks show off their programming for the 2018-2019 season. So, let's be upfront with the deal-making marketplace: It's very quiet, and Monday's activity at the Commission is limited to a handful of closings and silent STA requests.
Just to the north of New Orleans, across Lake Pontchartrain, is a Class C3 FM facility offering "Lifesongs" to such Louisiana communities as Slidell and Bogalusa. The station will now have new owners, an Asset Purchase Agreement filed with the FCC on Friday indicates. It's one of a handful of small deals under the microscope in TRANSACTIONS TODAY.
Nearly eight months ago, a company led by Paul Coates and Mike Huckabee had agreed to convert a LMA to outright ownership for their entity, now overseeing a cluster of stations in the Ozarks, plus a local online news hub and cable TV offering. On Thursday, the paperwork offering financial details of this long-awaited deal was finally filed with the FCC.
Polskie Radio has established itself as one of the nation's leading Polish-language broadcast media players and in recent years expanded from Chicago to New York. Now, Polskie Radio is saying so long to Long Island. Also in TRANSACTIONS TODAY: What BYU is paying to keep Classical 24/7 in Salt Lake City.