Potomac Radio LLC and New World Radio have teamed to sell their respective AM radio stations in the National Capital Region, in a deal brokered by Kalil & Co.
Is there autumn ennui among deal makers ahead of the 2018 Radio Show in Orlando, which begins Sept. 25? There's not much going on in the media universe right now, aside from a sale here and a cluster deal there. In today's TRANSACTIONS TODAY, we find an FM translator in Texas changing hands.
Did you know that, until now, the Idaho Conference of Seventh-Day Adventists owned a 'Bridge' in the state famous for its potato farms? This audio connector has just been sold, and it's the subject of TRANSACTIONS TODAY for Sept. 17, 2018.
A low-power TV station serving the seat of Harrison County, W. Va., has just been sold to a West Virginia-based operator. It's the lone deal up for discussion in TRANSACTIONS TODAY for Sept. 14, 2018.
The acquisition of a Class C AM radio station in Roanoke Rapids, Va., from Jimmy Johnson’s Johnson Broadcast Ventures, has been scrapped. What happened? The intended buyer is in default on a promissory note, and in lieu of a foreclosure auction, the transaction has been cancelled.
The University of North Dakota has opted to sell its big Class C2 NPR affiliate in Grand Forks, N.D.; a Class A also licensed to the city, and an FM translator covering a town in Minnesota. Who's the buyer? An entity already quite familiar with the three FM facilities.
No, Paul Brenner and Jeff Smulyan aren't adding a new dimension to the TagStation LLC-owned NextRadio smartphone app. It turns out that there's a Next Radio LLC out there, and this Florida-based entity has just acquired a Class A FM in Texas. It's the top item of business in TRANSACTIONS TODAY for September 12, 2018.
Ted Tucker is a principal in six different licensees of radio stations across the Mountain West. Among these entities is Cochise Media Licenses, which in May 2017 entered into Consent Decrees with the FCC to resolve a matter involving the failure to operate stations in Arizona for more than a handful of days over a period of several years. Now, another entity led by Tucker is a buyer.
Anderson University, Inc. and Educational Media Foundation have agreed on the sale of radio station WQME(FM) in Anderson, Indiana, for $725,000. The agreement date was August 27, 2018.
To the southeast of Washington, D.C. is Maryland's Eastern Shore, and the Salisbury-Ocean City, Md., market. It is here that a Class A FM is trading hands. The party buying it? It's led by a communications law attorney who is also a minority partner in one Maryland entity and a majority partner in a holding company comprised of three stations spread across the U.S.
A Class C3 Country station serving listeners to the south of greater Roanoke, Va., is trading hands. The buyer has no other radio, TV or newspaper holdings, but the name of the entity certainly rings a bell. Rest assured that this entity has little to do with TBS or CNN.
In early April, a Minnesota-based nonprofit corporation tied to a private evangelical Christian college agreed to acquire an AM-FM combo in a small Iowa town northeast of Council Bluffs. Now, the school has decided to sell the stations, and it's our top topic of discussion in TRANSACTIONS TODAY for Sept. 5, 2018. Also today: A Northern Illinois FM sale is complete.
In the lone deal up for discussion in RBR+TVBR's TRANSACTIONS TODAY, an FM translator with a full city-grade signal serving an area of the Florida Panhandle is being traded from one trust to another trust.
No, we're not talking about Spanish Broadcasting System's heritage regional Mexican station serving Southern California. Rather, we're referring to a pair of TV stations that are being acquired by an entity connected to the President of El Dorado Broadcasters in a deal brokered by Kalil & Co.
August has ended with a whimper for RBR+TVBR's TRANSACTIONS TODAY, with just two deals involving Low Power TV stations to discuss. One is in Arizona. The other is in one of America's most popular destinations for outdoor enthusiasts.