Radio One announced a deal to sell its lone station in Miami, WTPS-AM, to Salem Communications for 12.25 million. The deal is expected to close in Q4, but Salem has already taken over programming, with an LMA effective yesterday. That will leave Radio One with 54 radio stations in 17 markets. Jorgenson Broadcast Brokerage represented Salem in the transaction.
"The programmers who have been heard on our WKAT-AM 1360 will now have a new and expanded home at 1080AM, and the coverage of this new 50,000 watt signal is enormous, reaching from the Florida Keys to Boca Raton. Our new call letters on 1080 will be WMCU, acknowledging the heritage of great Christian programming in south Florida. Miami is the 11th largest radio market in the United States, and we are pleased to serve the large number of people there interested in Christian and family themes," said Joe D. Davis, Division President, Radio, at Salem.