A ‘Major Market’ Sale In The Inland Empire

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At the intersection of the 91 Freeway and I-15, in California’s Inland Empire region, sits a five-tower array used by a Class B AM radio station with a signal covering such communities as Ontario, Riverside, Pomona and Lake Elsinore.


After dark, the signal pattern of the AM changes oddly, putting a city-grade signal over Orange County.

The station has just been sold, and it’s our deal of the day in RBR+TVBR‘s TRANSACTIONS TODAY.

KWRM-AM 1370, licensed to Corona, Calif., uses five towers during daylight hours to broadcast with 5kw. At night, it uses 3 towers while cutting its power to 2.5kw.

Until now, KWRM has been offering brokered Mandarin-language and regional Mexican programming. Now, owner Major Market Stations has opted to sell the station to the entity that is buying time to serve the region’s Chinese population: EDI Media Inc.

EDI is headed by President James Su, and it is paying exactly $1 for KWRM.

Major Market Stations is headed by President Richard Vosper. Serving as the company’s legal counsel in this deal is Mark Balkin of Mandeville, La.-based Hardy, Carey, Chautin & Balkin.

In other TRANSACTIONS TODAY:

  • Barnwell Community Radio is donating Class C3 25kw noncomm WHBJ-FM 99.1 in Barnwell, S.C., to Augusta Radio Fellowship Institute for no cash consideration. No written agreement accompanied the Form 314 filing made Thursday (12/21) to the FCC.

 

  • Aerostar Communications has closed on its $1.1 million purchase of KEGH-FM in Woodruff, Utah and associated booster stations located in Bountiful, Ogden, Provo, and Salt Lake City from the Jim Burgoyne-led SLC Divestiture Trust II. The station was in the trust for six years, and was placed there as a required divesture tied to a 2011 Simmons Media Group Salt Lake City deal. Aerostar is led by Michael V. Call, who also has attributable ownership interest in Mav Radio Holdings Inc., license of KNIV-FM in Lyman, Wyo. KEGH was originally set to be sold to AASAA Media LLC. However, that transaction did not close and a new owner was selected. Greg Merrill of Media Services Group represented SLC Divestiture Trust II in this transaction.