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Old October 15th 04, 03:32 AM
Mike Terry
 
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Default Salem to pay $10M for Miami radio station

Camarillo-based Salem Communications Corp. is buying WKAT-AM (1360 AM) in
Miami from Classical 1360 LLC for $10 million.

Salem is a radio broadcaster focused on religious and family programming.

After closing on the Miami station, Salem will own 101 radio stations,
including 62 stations in 23 of the top 25 markets. This will be the
company's entrance into the Miami market.

In addition to its radio properties, Salem owns Salem Radio Network, which
syndicates talk, news and music programming to over 1,600 affiliated radio
stations; Salem Radio Representatives, a national sales force; Salem Web
Network, an Internet provider of Christian content and online streaming; and
Salem Publishing, which publishes Christian-themed magazines.

Last week, Univision Communications Inc. said it plans to exchange four
radio stations that serve the Chicago, Houston, Sacramento and Dallas
markets for assets of Salem stations in the Chicago and San Francisco areas.

http://losangeles.bizjournals.com/lo...ml?jst=b_ln_hl



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Old October 16th 04, 08:37 AM
Doug Smith W9WI
 
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Default

On a very vaguely related subject...

The Canadian Radio-television and Communications Commission (CRTC) has=20
denied an application for a new 14,500-watt religious station in=20
Kawartha Lakes, Ontario. (near Peterborough)

"The Commission finds that the supporting intervention filed by Salem=20
raises several questions with respect to the financing of the proposed=20
undertaking, particularly regarding the source of funding for the=20
installation of the station=92s transmitter. The Commission would have=20
expected this information to have been filed by the applicant as part of=20
the application process."

Salem had agreed to build the station's transmitter facility and lease=20
it back to the licensee; they then filed comments supporting the=20
application.

http://www.crtc.gc.ca/archive/ENG/De...db2004-455.htm
--=20
Doug Smith W9WI
Pleasant View (Nashville), TN EM66
http://www.w9wi.com

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Old October 16th 04, 06:58 PM
Blue Cat
 
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"Mike Terry" wrote in message
...
Camarillo-based Salem Communications Corp. is buying WKAT-AM (1360 AM) in
Miami from Classical 1360 LLC for $10 million.

Salem is a radio broadcaster focused on religious and family programming.

It looks as if Classical music on the radio will become history again in
Miami.


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