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Salem Media Group Agreeds to Sell Eight Florida Outlets

Salem Media Group

Salem Media Group has agreed to sell four AMs and three FMs in two Florida markets to Immaculate Heart Media for $8.2 million in a move meant to reduce debt. Included in the deal are Spanish Christian WKAT-AM (1080) and Business News WZAB-AM (880 The Biz) along with WKAT simulcast partner and translator W249DM (97.7) in Miami. SMG is also selling Spanish Christian WLCC-AM (760) and Business News WWMI-AM (1380 The Biz) along with WLCC simulcast partner and translator W282CI (104.3 FM) in Tampa. Immaculate Heart Media is also getting a construction permit in St. Petersburg for translator W260DM (99.9 FM).

Following the sale, SMG will continue to own Spanish Religious WOCN-AM (1450) in Miami along with three stations in Tampa, including talk WGUL-AM (AM 860 The Answer) and Religious WTBN-AM & WTWD-AM (Faith Talk 570/910).

Under the agreement, Immaculate Heart Media will not acquire the intellectual property or the call letters of WKAT.

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KMJ-FM/Fresno: News Talk 580/105.9 KMJ in Fresno, CA, was honored at Fresno City Hall last week as Fresno Mayor Jerry Dyer officially declared today, April 18 as

Salem Media Group Agreeds to Sell Eight Florida Outlets

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Salem Media Group Agreeds to Sell Eight Florida Outlets

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Copyright © 1989-2024 RADIO ONLINE ®

Copyright © 1989-2024 RADIO ONLINE ^®