Bought
BEASLEY MEDIA GROUP LICENSES, LLC is promoting AC WJBR (MIX 99.5)/WILMINGTON, DE to VCY AMERICA, INC. for $5 million. The acquisition offers the WISCONSIN-based faith station operator VCY a sign that reaches a considerable portion of the PHILADELPHIA radio market.
In different filings with the FCC, HODGES MEDIA, LLC is promoting Sports activities WKGN-A-W289CU (FOX SPORTS RADIO KNOXVILLE)/KNOXVILLE, TN to MH2 MEDIA LLC for $450,000 ($200,000 for the license, $250,000 for the tower) plus a time brokerage settlement earlier than closing.
LA PROMESA FOUNDATION is promoting Oldies WYBT-A/BLOUNTSTOWN , FL to JAMES A. WYNN’s WYBT, LLC for $70,000 in a promissory notice plus a time brokerage settlement earlier than closing.
ANNISTON SEVENTH-DAY ADVENTIST CHURCH is promoting Faith WRHP/ANNISTON, AL to ELIJAH RADIO, INC.
PEDERSON BROADCASTING is shopping for out the MARVIN Principals, its restricted companions in BORDER BROADCASTING, licensee of Nation KKWQ (KQ92)/WARROAD, MN and Traditional Rock KRWB-A-K275BB/ROSEAU, MN for $72,000 after which promoting 100% of its voting curiosity to DAN DEMOLEE for $6,500 and its 6% of its non-voting curiosity to the restricted companions for $18,000.
CHRISTIAN HERITAGE BROADCASTING, INC. is promoting K253AB/ABERDEEN, SD to PRAIRIE WINDS BROADCASTING, INC. for $44,000 plus an LMA earlier than closing.
And WESTERN EDUCATIONAL ALLIANCE INC. is transferring low energy FM KJOI-LP/BIOLA, CA to WINDOW OF HEAVEN MINISTRY NETWORK for $10.
As well as, 5 HOUR ENERGY founder MANOJ BHARGAVA has bought 5.15% of CUMULUS MEDIA inventory and $60 million of the debt of AUDACY. BHARGAVA has been on a media shopping for spree of late, shopping for majority possession of THE ARENA GROUP (SPORTS ILLUSTRATED, PARADE, MEN’S JOURNAL, THE STREET, and others), two small TV networks, the SHOPHQ cable procuring community, and different properties.
