Like the drip-drip-drip of a leaky faucet, the FCC’s deal database has offered just a trickle of fresh news of late. Wednesday is no different, with the lone deal involving the sale of a low-power TV station construction permit in Idaho’s most populous area.
There’s also an STA involving Townsquare Media to talk about.
Today’s lone deal takes us to the city of Nampa, Idaho, within the Boise DMA.
KTVJ-LD is licensed to Nampa, and it is being sold by One Ministries Inc. — a California-based nonprofit — to CMC Broadcasting Company.
CMC is a for-profit operation headed by Rick Kurkjian.
Kurkjian describes himself as a CEO with a 40-year history of working in the radio and television broadcast media industry. He has been at the helm of CMC since October 1984, and from September 1981 has also served as President/GM of the California Music Channel.
Back in the 1970s, Kurkjian was a radio industry AE, serving in sales at KABL-AM & FM in San Francisco under Shamrock Broadcasting from September 1979-August 1981.
From May 1978-August 1979, Kurkjian was an account executive for Inner City Broadcasting’s KBLX-FM in San Francisco. He took the job after nearly five years as a bank teller at a Bank of America branch in Oakland — and his graduation from the Haas School of Business at University of California Berkeley, where he was active with student-run radio station KALX.
With the acquisition of KTVJ-LD, it is expected that the CMC family of music channels will be offered to viewers across the Treasure Valley.
The purchase is a bargain for Kurkjian — the total value of the deal is $18,000, with a $5,000 deposit made to One Ministries.
One Ministries has been involved in other recent station sales and acquisitions. In April TRANSACTIONS TODAY reported that it has agreed to sell KFTY-2 in Middletown, Calif., located to the north of Calistoga in Lake County; KQRM-2 in Petaluma, Calif., located in the Santa Rosa area, west of Napa and Somoma; and KQRO-2 in Morgan Hill, Calif., near San Jose to HC2 Holdings. The purchase price on that transaction: $2.15 million.
One Ministries then turned around and used most of the proceedings to acquire KQSL-8, licensed to Fort Bragg, Calif., and serving the San Francisco DMA, from Jeff Chang for $2 million.
- Townsquare Media has asked the FCC for an STA to operate CHR/Pop KXSS-FM 96.9 in Amarillo, Tex., with reduced power. The reason? A transmitter failure has transpired, and Townsquare is addressing the matter.
- Three silent STAs were filed with the Commission. They are for Wendolynn Tellez’s FM translator K231CG in Waco, Tex.; Freeland Broadcasting’s WCBL-AM in Benton, Ky., due to a faulty transmitter; and American Family Association’s 100-watt noncomm KVHR-FM 91.5 in Van Horn, Tex., for lack of electricity due to a building renovation project.