Ted Tucker is a principal in six different licensees of radio stations across the Mountain West. Among these entities is Cochise Media Licenses, which in May 2017 entered into Consent Decrees with the FCC to resolve a matter involving the failure to operate stations in Arizona for more than a handful of days over a period of several years.
Several stations were donated as part of that Consent Decree. Another of Tucker’s entities, also a 50-50 partnership with Jana Tucker, in December 2017 sold a Class C0 facility serving St. George, Utah. Now, this licensee — Cochise Broadcasting — is a buyer.
It’s the top item of business in TRANSACTIONS TODAY for Sept. 11, 2018.
For $75,000, Cochise Broadcasting will be picking up the following stations from Good Music Inc., an Arizona entity led by Doug Martin.
It’s the continuation of a sell-off of radio properties owned by Martin and his wife, Mary, in the Tucson area.
On July 20, it became known that KGMS-AM 940 in Tucson is being transferred from the couple’s Good News Communications to Tucson Christian Radio for $350,000.
One week later, RBR+TVBR learned that Good News is selling Class B KVOI-AM 1030, licensed to Cortaro, Ariz., to Bustos Media Holdings for $500,000; and noncommercial Class C1 KLTU-FM 88.1 in Mammoth, Ariz. to Educational Media Foundation for $3 million.
The Martins weren’t done with their divestments: The transfer of Class D Adult Standards KCEE-AM 690 in Tucson from Good News to Calvary Chapel of Tucson was then finalized.
Now, the Martins are selling to the Tuckers KNXN-AM 1470, a Class D facility with 1 tower licensed to Sierra Vista, Ariz., southeast of Tucson. Along with KNXN, which has 2.5kw during daylight hours and just 39 watts at night, Cochise is obtaining K256CJ and K298BZ in Sierra Vista.
Real property at 680 Avenida del Sol is included in the transaction.
Serving as the seller’s legal counsel is A. Wray Fitch III of Gammon & Grange.
Representing the buyer are Steven Lovelady and Susan Marshall of Fletcher Heald & Hildreth.
Cochise Broadcasting is the licensee of 13 stations; Cochise Media Licenses is the licensee of 14 stations.
The Tuckers are also 50-50 owners in nonprofit Desert West Air Ranchers Corp. and Cochise Community Radio Corp.
Ted Tucker Jr. is the sole owner of Skywest Media LLC, Skywest Licenses New Mexico.
AIR1 OWNER OFFICIALLY ADDS ANDERSON FM
As TRANSACTIONS TODAY reported Monday, Anderson University officially parted ways with its Christian AC WQME-FM 98.7 in Anderson, Ind., by selling it — as anticipated — to Educational Media Foundation. The selling price is $725,000, with an agreement forged Aug. 27 and filed with the Commission on Sept. 10.
As Indiana RadioWatch reports, WQME signed on in November 1990 as an “80-90 drop-in,” designed to give Class A FM stations a home in underserved markets. Ahead of the sale to EMF, WQME in May 2018 switched to its Christian Top 40 “Air1” noncomm format via an LMA.