The trend in station transactions of late, such as they have been, has been toward the religious community, which has in a general way been one of the few groups with the wherewithal to acquire stations. But KWYA-FM Astoria OR is an example of one station going the other way.
The seller is Way-FM Media Group, headed by Robert D. Augsberg. Way-FM operates a Contemporary Christian network with affiliates in a number of states.
The buyer is Oregon Public Broadcasting, headed by Chairman Andrew Franklin and President/CEO Steven M. Bass. It distributes NPR programming, among other things, to radio stations throughout the state (as well as PBS and such to television stations).
The price will be $85K cash.
Astoria is in the extreme northwest corner of Oregon, not far from where the Columbia River empties into the Pacific Ocean.
RBR-TVBR note: Now available RBR-TVBR’s ‘2010’ new guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations.
Click to purchase: “Profitably Buying and Selling Radio Stations,” or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.