From RadioInsight (Station Sales Week Of 5/26 - RadioInsight)
Honey Creek Broadcasting sells “True Oldies 105.3” KEDB Chariton IA to St. Gabriel Communications for $600,000. KEDB will join the buyer’s “Iowa Catholic Radio” network.
My commentary: it seems odd to be selling off a C2 from a cluster with a full class C (though temporarily not operating as such) and a class C FM with a translator. By the same token, that part of southern Iowa has had a declining economy for decades. The Honey Creek operations, based in Centerville, all seem to have very little local programming. Last time I was there was earlier this month, with the Albia and Ottumwa operations appearing to have much more of a local presence than the Centerville-based stations.
I find it hard to believe that St. Gabriel is pulling out enough cash from its ostensibly non-commercial operations to keep buying up stations, but it must be getting the money from somewhere.
Honey Creek Broadcasting sells “True Oldies 105.3” KEDB Chariton IA to St. Gabriel Communications for $600,000. KEDB will join the buyer’s “Iowa Catholic Radio” network.
My commentary: it seems odd to be selling off a C2 from a cluster with a full class C (though temporarily not operating as such) and a class C FM with a translator. By the same token, that part of southern Iowa has had a declining economy for decades. The Honey Creek operations, based in Centerville, all seem to have very little local programming. Last time I was there was earlier this month, with the Albia and Ottumwa operations appearing to have much more of a local presence than the Centerville-based stations.
I find it hard to believe that St. Gabriel is pulling out enough cash from its ostensibly non-commercial operations to keep buying up stations, but it must be getting the money from somewhere.