A 1kw AM radio station serving the nation’s 107th-largest radio market has just been sold.
The deal includes the station’s 250-watt FM translator, which covers this station’s city of license — a community of more than 55,000 people known as the funeral site of Charles Manson, and for its proximity to Eagle Mountain Casino.
Trading hands for the sum of $300,000 is KTIP-AM 1450, a Porterville, Calif.-based Talk station launched in January 1947 under the owner of Tighe Chevrolet Company.
After a handful of ownership changes, KTIP in 1978 was acquired by Oakland Athletics play-by-play announcer Monte Moore and business partner Frank Haas.
Fast-forward to 2018, and KTIP is today owned by the Larry Stoneburger-led Mayberry Broadcasting Co.
That is about to change, as Mayberry is selling KTIP to JA Ventures, a Bakersfield-based entity 100% controlled by José Arredondo.
Expect a format change from conservative Talk to Spanish-language programming
Arredondo is the owner of Class D KGEN-AM 1370 in Tulare, and Class A KGEN-FM 94.5 in Hanford, which air a regional Mexican format. KTIP is expected to begin simulcasting KGEN-AM & FM to bring it full-market coverage. This would allow Arredondo to better compete against KFSO-FM 92.9 — a Class B that also serves the Fresno market as Regional Mexican Adult Hits “La Preciosa” — and KOND-FM 107.5 “La Jefa,” a Univision Radio-owned regional Mexican FM with the same signal contour as KFSO.
Locally, Arredondo competes against “La Maquina Musical” on Class B KMQA-FM 100.5 in East Porterville, which does not fully cover the Visalia area and actually reaches Bakersfield in the southern San Joaquin Valley.
Arredondo also gets K267CG at 101.3 MHz, covering Porterville, with the KTIP purchase.
A 25% escrow deposit has been made, while One Ministries Inc. proceeds with its sale of K267CG to Mayberry via a Promissory Note.
Serving as the broker in this transaction is MCH Enterprises Inc., representing Mayberry.