CIU Closes on Sale of Christian Outlets to EMF

RADIO ONLINE | Wednesday, December 31, 2014 | 3:27am CT

Educational Media Foundation has closed on its previously announced acquisition of three Christian radio stations from Columbia International University (CIU) for $10.5 million in cash. Included in the deal were WMHK-FM (89.7)/Columbia SC, WRCM-FM (91.9)/Wingate NC and WRZM-FM (88.3)/Boiling Springs NC. EMF operates the K-Love Radio Network. CIU President Dr. Bill Jones says the sale assists CIU and K-Love in fulfilling their missions.

"CIU will be in a stronger position to focus on its core purpose of educating students from a biblical worldview to impact the nations with the message of Christ," said Jones. "Meanwhile, the radio stations will become part of an expanded outreach in the Carolinas with an owner who can continue their growth in the rapidly changing broadcast environment."

EMF President/CEO Mike Novak added, "K-Love has partnered with and been supportive of WMHK, WRCM and WRZM for years and has seen their impact in the communities they serve. We look forward to working hard to continue the tradition, while bringing what we have to offer to listeners throughout the Carolinas."

Jorgenson Broadcast Brokerage represented the seller and was the exclusive broker in the transaction.