Colorado Media Newsroom
March 12th, 2021, 07:46 AM
From Radio Insight:
https://i0.wp.com/radioinsight.com/wp-content/images/2018/09/ksed.png?resize=200%2C200&ssl=1New iHeartMedia St. Louis Market President (https://radioinsight.com/headlines/204917/john-beck-joins-iheartmedia-as-st-louis-market-president/) John Beck is selling his 56% stake of Stone Canyon Media Group and their four Flagstaff AZ stations to 44% partner Dana Withers for $35,000. Beck, Withers and former Cherry Creek Media CEO Joe Schwartz purchased the cluster of Classic Hits “Rewind 92.5/104.1 (http://www.rewindmymusic.com/)” KFLX Chino Valley, Classic Rock “96.7 The Wolf (http://www.967thewolf.net/)” KWMX, Conservative Talk “97.1 The Big Talker (http://www.bigtalkerradio.com/)” KBTK Kachina Village, and Country “107.5 Kolt Country (http://www.koltcountry.com/)” KSED Sedona in September 2018 for $925,000. Schwartz was then removed from the group (https://radioinsight.com/headlines/179196/station-sales-week-of-7-26-a-mega-deal-in-the-lehigh-valley/) in July 2019 being paid $27,560.44 in severance pay, $3,000 in moving expenses, and $4,025 in owed invoices.
Mondy Burke Broadcasting Network sells Gospel 1340 KCAT (https://kcatam.com)/92.7 K224FN Pine Bluff AR to Jay Brentlinger’s Broadcast Industry Group for $100,000. An LMA will take effect on Monday, March 15. BIG owns 1190 KJJI White Hall/98.9 K255AX Pine Bluff as part of their statewide Classic Rock “Arkansas Rocks Radio (https://arkansasrocks.com)” network.
Spanish Media Consulting Corporation sells Regional Mexican “La Jota Mexicana (https://lajotamexicana.com)” 1630 KRND Fox Farm/94.7 K234AH Cheyenne WY to Vic Michael’s Michael Radio Company for $40,000. The seller will retain 1570 KVAM/101.3 K267CD Loveland CO, which it bought from Michael in January 2018 (https://radioinsight.com/headlines/122682/station-sales-week-1-26/).
Hembree Communications sells Classic Rock “Razor 94.5 (http://wrzr.us)” WRZR Loogootee and Classic Country 96.9 WKLO Hardinsburg IN to Daisy Holdings for $215,000. Larry Hembree is president of both buyer and seller with his stake dropping from 93% to 51%, while his wife Stephanie purchase the other 49% and Alan Williams loses his 7% stake but remains an officer of the new ownership.
TBLC Media sells Silent 1040 WSGH Lewisville NC to Edward Baker’s Base Communications for $40,313.30, which equals the amount TBLC owes in back tower rent.
Family Stations sells Silent 88.5 WMFL Florida City FL to Call Communications Group for $25,000.
Translator Sales Central Michigan University sells 95.1 W236BU Traverse City MI to Black Diamond Broadcasting for $25,000. The translator will rebroadcast Classic Rock “98.1 The Bear (https://classicrockthebear.com)” WGFN Glen Arbor.
Educational Media Foundation purchases 88.1 K201HW and 101.7 K269GF El Paso TX from One Ministries for $95,000. Both translators will rebroadcast EMF’s 89.5 KKLY El Paso.
La Sinai Abilene acquires Armida A. Saille’s 104.5 K283CJ Abilene TX for $26,000. The translator will continue to rebroadcast La Promesa Foundation’s 91.7 KQOS Albany TX.
more (https://radioinsight.com/headlines/206002/station-sales-week-of-3-12/)
https://i0.wp.com/radioinsight.com/wp-content/images/2018/09/ksed.png?resize=200%2C200&ssl=1New iHeartMedia St. Louis Market President (https://radioinsight.com/headlines/204917/john-beck-joins-iheartmedia-as-st-louis-market-president/) John Beck is selling his 56% stake of Stone Canyon Media Group and their four Flagstaff AZ stations to 44% partner Dana Withers for $35,000. Beck, Withers and former Cherry Creek Media CEO Joe Schwartz purchased the cluster of Classic Hits “Rewind 92.5/104.1 (http://www.rewindmymusic.com/)” KFLX Chino Valley, Classic Rock “96.7 The Wolf (http://www.967thewolf.net/)” KWMX, Conservative Talk “97.1 The Big Talker (http://www.bigtalkerradio.com/)” KBTK Kachina Village, and Country “107.5 Kolt Country (http://www.koltcountry.com/)” KSED Sedona in September 2018 for $925,000. Schwartz was then removed from the group (https://radioinsight.com/headlines/179196/station-sales-week-of-7-26-a-mega-deal-in-the-lehigh-valley/) in July 2019 being paid $27,560.44 in severance pay, $3,000 in moving expenses, and $4,025 in owed invoices.
Mondy Burke Broadcasting Network sells Gospel 1340 KCAT (https://kcatam.com)/92.7 K224FN Pine Bluff AR to Jay Brentlinger’s Broadcast Industry Group for $100,000. An LMA will take effect on Monday, March 15. BIG owns 1190 KJJI White Hall/98.9 K255AX Pine Bluff as part of their statewide Classic Rock “Arkansas Rocks Radio (https://arkansasrocks.com)” network.
Spanish Media Consulting Corporation sells Regional Mexican “La Jota Mexicana (https://lajotamexicana.com)” 1630 KRND Fox Farm/94.7 K234AH Cheyenne WY to Vic Michael’s Michael Radio Company for $40,000. The seller will retain 1570 KVAM/101.3 K267CD Loveland CO, which it bought from Michael in January 2018 (https://radioinsight.com/headlines/122682/station-sales-week-1-26/).
Hembree Communications sells Classic Rock “Razor 94.5 (http://wrzr.us)” WRZR Loogootee and Classic Country 96.9 WKLO Hardinsburg IN to Daisy Holdings for $215,000. Larry Hembree is president of both buyer and seller with his stake dropping from 93% to 51%, while his wife Stephanie purchase the other 49% and Alan Williams loses his 7% stake but remains an officer of the new ownership.
TBLC Media sells Silent 1040 WSGH Lewisville NC to Edward Baker’s Base Communications for $40,313.30, which equals the amount TBLC owes in back tower rent.
Family Stations sells Silent 88.5 WMFL Florida City FL to Call Communications Group for $25,000.
Translator Sales Central Michigan University sells 95.1 W236BU Traverse City MI to Black Diamond Broadcasting for $25,000. The translator will rebroadcast Classic Rock “98.1 The Bear (https://classicrockthebear.com)” WGFN Glen Arbor.
Educational Media Foundation purchases 88.1 K201HW and 101.7 K269GF El Paso TX from One Ministries for $95,000. Both translators will rebroadcast EMF’s 89.5 KKLY El Paso.
La Sinai Abilene acquires Armida A. Saille’s 104.5 K283CJ Abilene TX for $26,000. The translator will continue to rebroadcast La Promesa Foundation’s 91.7 KQOS Albany TX.
more (https://radioinsight.com/headlines/206002/station-sales-week-of-3-12/)