Sales and Transactions: March 2006 Archives

Cincinnati Classical Public Radio has reached two separate agreements that will allow the broadcaster to exit Michigan once these two deals, plus one announced earlier this year, are completed.

In the first deal, Coltrace Communications, owner of Classic Hits WUPS-FM 98.5 Houghton Lake, will be purchasing WVXH-FM 92.1 Harrison for $200,000. The second deal will see WVXM-FM 97.7 Manistee move to Synergy Media, owner of Classic Rock WWKR-FM 94.1 Pentwater, for $380,000. Both transactions are subject to FCC approvals and closing and both stations will be converted to commercial status. Cincinnati takes away a total of $991,000 from the sales of its three Michigan stations (WVXH, WVXM, and WVXA-FM 96.7 Rogers City).

 

AllAccess.com

Citadel Spins 11 Stations Into Trust For Sale: CITADEL announces which stations it's putting into a trust for divestiture, and the list of 11 stations includes: Sports WWLS-F and Regional Mexican KINB/OKLAHOMA CITY, Talk KARN-F, and Gospel KPZK-F and KVLO, Adult Alternative WCLZ and Alternative WCYI/PORTLAND, ME, Urban AC KNEK-F (MAGIC 104)/LAFAYETTE, LA, Classic Rock WYLZ (WHEELZ 104.5 AND 101)/SAGINAW (simulcast WILZ stays), Classic Rock KBZU/ALBUQUERQUE, and Urban AC WMGL/CHARLESTON, SC. The stations, being spun off as part of the company's purchase of ABC RADIO, are being transferred to the LAST BASTION STATION TRUST, headed by MEDIA VENTURE PARTNERS' ELIOT EVERS, and will be operated seperately while EVERS shops them to potential buyers.

 

* Low power FM station Oldies/Community Service WDLP-LP 92.9 Fenwick has changed frequency to 93.1 FM.

 

* FOX affiliate WXMI-TV 17 Grand Rapids translator W42CB Hesperia has been granted a construction permit to convert to digital operations. W42CB is the first Michigan LPTV/translator to get permission to go digital.


* Advance Acquistion has been granted a construction permit for a new AM station to be licensed to Ironwood on 1490. This is Advance's second Upper Peninsula construction permit having previously been granted one for AM 1490 Houghton.

 

Barrington Broadcasting has struck a deal with Raycom Media to purchase 12 stations across the country for a total of $262 million. Included in the sale are Michigan stations WLUC TV 6 Marquette, WBPN TV 7 Traverse City / WTOM TV 4 Cheboygan along with WNWO TV 24 Toledo, OH. All of the stations above are affiliates of NBC, the same network seen on current Barrington owned station WEYI TV 25 Saginaw. The deal is subject to regulatory approvals.

Barrington buys 12 TV stations from Raycom (Tue 3/28, Mediaweek.com)

 

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About this Archive

This page is a archive of entries in the Sales and Transactions category from March 2006.

Sales and Transactions: February 2006 is the previous archive.

Sales and Transactions: April 2006 is the next archive.

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