Three deals involving stations in four Pacific-shoreline western states have made it to the finish line, according to brokerage firm Kalil and Co. One involves a noncommercial station in the San Francisco area, the other two send clusters to a new owner who knows them well.
The noncom station is in by far the largest of the three markets, and carries the highest pricetag. KNDL-FM Angwin CA went from Howell Mountain Broadcasting Company to Classical Public Radio Network LLC, a subsidiary of University of Southern California/Classical SF LLC, for $2.725M cash, according to Kalil. The deal is part of a series of machinations set in place when Entercom decided to get out of the commercial Classical format business in the market. Details on the multi-faceted arrangements can be read here and here.
The other two deals involve station clusters formerly owned by New Northwest Broadcasters, sold via Kalil by and Alan M. Davis receivership called Revitalization Partners. The buyer in both cases is Ohana Media Group LLC, headed by former New Northwest executive Trila Bumstead.
One market is Anchorage AK. There, the stations include KDBZ-FM and KFAT-FM, both licensed to Anchorage, and KBBO-FM and KXLW-FM, both licensed to Houston AK. The price for the quartet is $275K cash.
The other cluster is in unrated territory along the Washington/Oregon border. That set of stations includes KAST-AM and KKEE-AM Astoria OR, KCRX-FM Seaside OR, KVAS-FM Ilwaco WA and KLMY-FM Long Beach WA. The price there is $190K cash.