Colorado Media Newsroom
February 2nd, 2024, 01:30 PM
From Radio Insight:
https://radioinsight.com/wp-content/images/2021/04/rockingm-200x200.pngKyle Bauer’s Kansas Broadcasting Company, LLC will acquire the remaining holdings of Rocking M Media with a $2,845,500 bid in a bankruptcy auction.
The deal includes the following stations:
Colby KS – Country “Flyover Country 97.9 (https://www.nwksradio.net/flyover-country-979)” KWGB, Hot AC “100.3 The Ride (https://www.nwksradio.net/theride1003)” KRDQ, Classic Country/Farm 790 KXXX (https://www.nwksradio.net/kxxx790)
Dodge City KS – Regional Mexican “La Mexicana (https://www.swksradio.net/ksmm)” 93.9 KZRD, Classic Hits “Superhits 95.5 (https://www.swksradio.net/kahe)” KAHE, Classic Country “96.3 The Marshall (https://www.swksradio.net/kerp)” KERP and Classic Country/Farm 1370 KGNO (https://www.swksradio.net/kgno)
Goodland KS – Classic Rock “102.5 U-Rock (https://www.nwksradio.net/urock1025)” KKCI and “Fox Sports 730 (https://www.nwksradio.net/kloe)” KLOE
Liberal KS – Regional Mexican “La Mexicana (https://www.swksradio.net/ksmm)” 101.5 KSMM
Bauer is CEO/General Manager of Taylor Communications, which owns Farm 550 KFRM (https://kfrm.com) Salina and Full Service 100.9 KCLY (https://kclyradio.com) Clay Center KS. He stated,?We are so happy to have gotten the opportunity to buy these two clusters of stations. The markets they serve are growing populations in strong retail trade communities. We are not planning large changes, just building on the base that is there.?
Bauer’s bid was the only one offering to buy all ten stations. Rocking M creditor Belate offered to put the $1.855 million it is owed as part of a $1,995,000 offer for the Colby and Goodland stations, while Murfin Media would have paid $273,000 for the Goodland and Liberal stations. The purchase is pending approval by the bankruptcy court on February 15 and then FCC approval.
Rocking M Media, owned by Monte and Doris Miller, originally filed for Chapter 11 (https://radioinsight.com/headlines/222126/rocking-m-media-files-for-chapter-11-bankruptcy/) protection in March 2022 claiming $1,307,696.75 in assets and $22,365,886.40 in liabilities owed between its four holding companies. They would divest twelve stations (https://radioinsight.com/headlines/244492/four-operators-to-split-12-stations-auctioned-off-by-rocking-m-media/) in 2022, but the $1,988,674 in proceeds merely chipped away at the $8.5 million in debts still owned.
more (https://radioinsight.com/headlines/264467/kansas-broadcasting-company-to-acquire-rocking-m-medias-ten-stations-in-bankruptcy-auction/)
https://radioinsight.com/wp-content/images/2021/04/rockingm-200x200.pngKyle Bauer’s Kansas Broadcasting Company, LLC will acquire the remaining holdings of Rocking M Media with a $2,845,500 bid in a bankruptcy auction.
The deal includes the following stations:
Colby KS – Country “Flyover Country 97.9 (https://www.nwksradio.net/flyover-country-979)” KWGB, Hot AC “100.3 The Ride (https://www.nwksradio.net/theride1003)” KRDQ, Classic Country/Farm 790 KXXX (https://www.nwksradio.net/kxxx790)
Dodge City KS – Regional Mexican “La Mexicana (https://www.swksradio.net/ksmm)” 93.9 KZRD, Classic Hits “Superhits 95.5 (https://www.swksradio.net/kahe)” KAHE, Classic Country “96.3 The Marshall (https://www.swksradio.net/kerp)” KERP and Classic Country/Farm 1370 KGNO (https://www.swksradio.net/kgno)
Goodland KS – Classic Rock “102.5 U-Rock (https://www.nwksradio.net/urock1025)” KKCI and “Fox Sports 730 (https://www.nwksradio.net/kloe)” KLOE
Liberal KS – Regional Mexican “La Mexicana (https://www.swksradio.net/ksmm)” 101.5 KSMM
Bauer is CEO/General Manager of Taylor Communications, which owns Farm 550 KFRM (https://kfrm.com) Salina and Full Service 100.9 KCLY (https://kclyradio.com) Clay Center KS. He stated,?We are so happy to have gotten the opportunity to buy these two clusters of stations. The markets they serve are growing populations in strong retail trade communities. We are not planning large changes, just building on the base that is there.?
Bauer’s bid was the only one offering to buy all ten stations. Rocking M creditor Belate offered to put the $1.855 million it is owed as part of a $1,995,000 offer for the Colby and Goodland stations, while Murfin Media would have paid $273,000 for the Goodland and Liberal stations. The purchase is pending approval by the bankruptcy court on February 15 and then FCC approval.
Rocking M Media, owned by Monte and Doris Miller, originally filed for Chapter 11 (https://radioinsight.com/headlines/222126/rocking-m-media-files-for-chapter-11-bankruptcy/) protection in March 2022 claiming $1,307,696.75 in assets and $22,365,886.40 in liabilities owed between its four holding companies. They would divest twelve stations (https://radioinsight.com/headlines/244492/four-operators-to-split-12-stations-auctioned-off-by-rocking-m-media/) in 2022, but the $1,988,674 in proceeds merely chipped away at the $8.5 million in debts still owned.
more (https://radioinsight.com/headlines/264467/kansas-broadcasting-company-to-acquire-rocking-m-medias-ten-stations-in-bankruptcy-auction/)