In April 2020, a Class A FM licensed to rural Effingham, Kansas, some 65 miles from Kansas City International Airport was in the headlines as its owner sought FCC approval for a silent STA extension.
Now, that licensee — Cumulus Media — is selling that station.
Cumulus is agreeing to sell KDVB-FM 96.9 to Intrepid Companies.
The deal is valued at $300,000, with a 10% escrow deposit made by Intrepid, a 49%/51% partnership owned by Denise and Donald Sherman.
Terms of the transaction note that Cumulus is in the process of negotiating a mutually agreeable tower lease with Heartland Tower.
Serving as the broker in this transaction, representing Cumulus, is Media Services Group.
Cumulus has been the licensee of KDVB since 2004, when it participated in FCC Auction No. 37. Then, it was at 96.7 MHz, and licensed to a town in Nebraska. It relocated in 2007, after plans to relocate KMAJ-FM 107.7 closer to the Kansas City metropolitan area and simulcast KMJK-FM 107.3 were abandoned.
Today, KDVB simulcasts Cumulus Classic Rocker “V100” in Topeka.
Under its new licensee, that will change, RadioInsight.com reports.
According to the publication’s Lance Venta, KDVB will be upgrading KDVB to a Class C2 facility licensed to Hoyt, Ks., effectively making it a Topeka-market signal.
Official documentation of such a move has not yet been filed with the FCC.
