There are eight radio brands serving the Kansas communities of Dodge City, Scott City, Garden City and Ulysses that comprise the Western Kansas Broadcast Center, managed by Ingstad family.
One station is licensed to Western Kansas Wireless. Seven others are controlled by the licensee KBUF Partnership. All are being sold in a multi-million deal just filed with the Commission.
The buyer is Southwind Broadcasting, led by VP and Managing Member Mark Yearout, who has 100% attributable interest in the company.
If that name sounds familiar, it’s because Yearout is a veteran radio sales executive, and served as GSM for Entercom‘s Wichita station group from August 2005 through October 2017. He’s also served as VP/Sales for Guaranty Radio Co. and as Director/Sales for the Baton Rouge stations owned by iHeartMedia predecessor Clear Channel.
For a cumulative price of $2.4 million, Southwind is acquiring the following Western Kansas stations:
- Class B KBUF-AM 1030 in Holcomb, with 2.5 kw from 1 tower during daylight hours and 1.2kw from 4 towers at night. It airs a Farm and Agricultural News format.
- Class C1 KKJQ-FM 97.3 in Garden City, a 100kw Country facility branded as “Q97.”
- Class C1 KSKZ-FM 98.1 in Copeland, a 100kw Top 40 station known to listeners as “Z98.”a
- Class C1 KSSA-FM 105.9 “Ke Buena” in Ingalls, a 100kw regional Mexican station serving the large population of first-generation agricultural industry employees.
- Class B Classic Hits KULY-AM 1420 in Ulysses and Class C1 simulcast partner KULY-FM 106.7 in Hugoton, to the southwest of Garden City and Dodge City near the Oklahoma border.
- Class C KWKR-FM 99.9 in Leoti, a Class C1 facility airing the ESPN Radio network.
- Class C1 KSKL-FM 94.5 in Scott City, a 100kw Hot AC broadcasting as “Mix 94.” This station is licensed to WKW; the others are licensed to KBUF Partnership.
The transaction puts Southwind in competition with Rocking M Media in the region; the two companies control nearly all of the commercially licensed stations in Western Kansas.
While the deal is expected to close with no issue, the sale of the eight stations is contingent on the approval of a Probate Court controlling the stations in the personal estate of Janice M. Ingstad, led by Tanya Ingstad Knudson. Janice Ingstad died in December 2016 and was preceded in death by her husband, Robert Ingstad Jr. The stations dealt to Southwind were put in Knudson’s control in February 2017.
Serving as legal counsel for the estate of Janice Ingstad is Dawn Sciarrino of Sciarrino & Schubert PPLC in Arlington, Va., and serving as legal counsel for Southwind is Chris Imlay of Booth, Freret & Imlay of Silver Spring, Md.
The broker in this transaction is Gammon Miller.