Sales of big radio stations in big markets make headlines but there’s always activity for lesser stations in those markets and stations of all sizes in small markets.
Here’s a sampling of recent sales that have crossed the Radio World Sales Desk.
The Educational Media Foundation continues its acquisition spree with purchases in Greenville, Miss., and Arizona City, Ariz. In the Magnolia State, Mondy-Burke Broadcasting of Greenville’s WJIW(FM) was the target. The price was $500,000 and included a 650-foot tower but not the shared studio building. Bill Cate of Media Services Group was the broker.
In Arizona, EMF acquired Univision Radio’s KKMR(FM). Kalil & Co. was the broker.
Also in the Grand Canyon State, translator K270BZ in the Phoenix area was sold by Riviera Broadcasting, a Phoenix radio group, to the Farmworker Educational Radio Network, western broadcaster with stations in Arizona, California, Nevada and Washington. Kalil & Co. was also the broker.
In Utah there is some action in clearing the SLC Divestiture Trust II, a relic of the required divestiture by the Simmons Media Group of its Salt Lake City properties. Aerostar Communications is taking the KEGH group (KEGH[FM] and four Utah boosters — Ogden, Bountiful, Provo and Salt Lake City) for $1.1 million. Aerostar had been operating KEGH under an LMA. Greg Merrill of Media Services Group represented the trust.
And speaking of clearing properties, W290AT, a translator in the Burlington, Vt./Plattsburgh, N.Y., area that was part of the Saranac Lake Radio mess, has been bought by local company Vox AM/FM for $20,000. Jason James of Patrick Communications was the seller’s broker.
As always, deals are not completely final until FCC approval of any license transfers.