Monday, December 22, 2014

R.I.P. Bill Burton

Eric Rhoads wrote a fitting tribute to Bill Burton for Radio Ink's Ink Tank.

Media Services Group

Alpha Media to purchase Access 1 Communications radio stations in Shreveport and Tyler-Longview

For Immediate Release: December 22, 2014
Portland, OR
Contact: Randi P’Pool
Direct: 503-517-6376

Alpha Media of Portland, Oregon announced today they have entered into a definitive agreement to purchase radio stations from Access 1 Communications. Access 1 Communications owns nine radio stations; five stations located in Shreveport, Louisiana which include KBTT(FM), KOKA(AM), KDKS(FM), KLKL(FM), KTAL(FM) and four radio stations in Tyler-Longview, Texas; KKUS(FM), KOOI(FM), KOYE(FM) and KYKX(FM). Alpha Media will begin operating the Access 1 stations under an LMA starting January 1, 2015.

Larry Wilson, Chairman of Alpha Media will add the Access 1 clusters to the seventy stations (which include two under LMAs) currently in the Alpha Media portfolio. When all pending deals are completed, it will bring the total number of stations owned by Alpha Media to eighty-three (this includes the pending acquisition of six California stations). Commenting on the acquisition, Wilson said, “I’ve known Chesley Maddox-Dorsey for a long time. She’s a great person with superb integrity and it’s a tremendous honor for us to be buying stations from Access 1. I’ve been continually impressed with the quality of people I’ve met and their passion for the industry; it fits right in our sweet spot for live and local radio and we are very much looking forward to the acquisition.”

Chesley Maddox-Dorsey, President and CEO of Access 1 Communications said, “Larry Wilson continues to display the dynamism that has earned him the best in class title for our industry. With our sale to Alpha Media, our employees, listeners and advertising partners in East Texas and Shreveport, Louisiana will have the opportunity to work with a visionary group of media professionals with a demonstrated track record of success. We are thrilled that we could pass our baton to this incredibly imaginative company that will maintain that intimate connection with listeners and advertisers that we have come to cherish.”

This transaction will be filed with the Federal Communications Commission shortly and is subject to their approval.

Alpha Media, headquartered in Portland, Oregon owns and operates 68 radio stations and 2 additional stations under LMAs in 12 markets across the United States covering all formats including Top 40, Adult Contemporary, Spanish, Urban, News Talk, Sports, Rock, Country and more. In addition to the radio stations; Alpha Media owns the digital media and marketing company; Xapsis in Peoria, Illinois and the intimate performance venues, Bing Lounge in Portland, Oregon and Alamo Lounge in San Antonio, Texas.

I represented the seller.

Media Services Group

WEZV-FM, WYEZ-FM and WGTN-FM (Myrtle Beach) Sold

December 22, 2014

WEZV-FM, WYEZ-FM and WGTN-FM (Myrtle Beach, SC) have been sold by Fidelity Broadcasting Corporation to Compass Radio Group LLC for $1,600,000. Fidelity is headed by Jerry Bresson and Compass by Bob Woodward (55%) and John Trent (45%). Compass is already programming the stations under a Time Brokerage Agreement.  The sale is subject to FCC approval.

WEZV-FM (Easy 105.9), North Myrtle Beach, is a Class C3 on 105.9 MHz with 17 kW @ 361’. It is simulcast on sister WGTN-FM, known as Easy 100.7. WGTN-FM is a Class A with 3.1 kW @ 446’.
WYEZ-FM (Movin 94.5), Murrells Inlet is a Class C3 on 94.5 MHz with 12 kW @ 476’. The format is Rhythmic Oldies.

I represented the seller.

Media Services Group

Monday, December 1, 2014

Waterloo Closes

NRG Media, LLC has completed the acquisition of the assets of radio stations
KFMW-FM, KOKZ-FM, KWLO-AM, and KXEL-AM, Waterloo, IA from Woodward Communications Inc. The purchase price is $3,550,000.

Jody McCoy of Media Services Group’s Colorado Springs office was the exclusive broker representing the seller in this transaction.

For more information:

Jody McCoy