PAIA, HAWAII — Nearly one year ago, an asset exchange between Educational Media Foundation and radio station owners Adam and Victor Michael saw the shift of a Hot AC serving the Valley Isle of Maui to a facility previously home to the KLOVE Christian AC noncomm network and KMKV-FM.
Now, the Hawaiian broadcast company that’s been operating this station for the Michael family is outright acquiring the property, fully welcoming it into its island ohana.
Also in TRANSACTIONS TODAY: a communications tower deal brokered by Media Services Group has closed.
The property being acquired by Hochman Media Four Inc. of Honolulu is the Paia-licensed KQMY-FM 102.1, a Class C1 facility with a tower atop Haleakala, adjacent to the Skyline trailhead at some 9,800 feet above sea level.
The buyer does business as “HHawaii Media,” and is 51% controlled by George Hochman and 49% controlled by former Los Angeles air personality William Poorman.
Hochman is paying the Michaels $1,000 for KQMY, and is assuming the lease for the Haleakala tower site.
The licensee listed as the seller of KQMY is Michael’s Future Modulation Broadcasting LLC.
The sale of KQMY makes “My 102.1” a full sibling of Country KRYL-FM 106.5, Classic Rock KRKH-FM 97.3 “K-Rock,” and KONI-FM “Oldies 104.7” on Maui.
— Reporting by Amber Hunt, from Maui
In other TRANSACTIONS TODAY:
- K2 Towers LLC of Chagrin Falls, Ohio has closed on its purchase of the KMVL communications tower located near Madisonville, Texas. The seller is Leon Hunt, who owns and operates KMVL-FM, licensed to Madisonville. The exclusive brokers for this transaction, representing Hunt, were Bill Whitley of the Dallas office and George Reed of the Jacksonville office of Media Services Group.