Morgan Murphy Media Acquiring Northern Michigan TV/Radio Combo

[jmeltonwx]

Morgan Murphy Media is acquiring four FMs, two AMs, two translators, and three television stations in Northern Michigan from five holding companies held by the estate of Stephen Marks for $12,075,000.

Morgan Murphy Media’s Queen Bee’s Knees LLC will acquire the CP for 96.3 WHBS, Classic Hits “97.7 The Wolf” WOLV, Country “K-Bear” 102.3 WHKB, and Hot AC “99.3 The Lift” 1400 WCCY/99.3 W257CZ Houghton from Houghton Community Broadcasting Corporation, Classic Hits 99.1 WIKB-FM and Classic Country 1230 WFER/97.9 W250CQ Iron River from Iron River Community Broadcasting Corporation, CBS affiliate WBKB-TV Alpena from Thunder Bay Broadcasting Corporation, and ABC affiliate WBUP Ishpeming and CW affiliate WBKP Calumet from Lake Superior Community Broadcasting Corporation. The deal also includes some real estate holdings held by Marks’ SAMCO Realty Corporation.

Morgan Murphy Media, which also operates under the name QueenB Radio, owns seven radio stations and a TV station in Spokane WA, four stations in Platteville WI, and television stations in La Crosse WI, Madison WI, Pittsburg KS, Victoria TX, and Yakima WA.

https://radioinsight.com/headlines/2588 ... dio-combo/

[MWmetalhead]

I'll be damned!

I recognize that name as owner of Rock 94 1/2 KHTQ in Spokane!

Great radio station.

[TC Talks]

12 million to own Houghton and Alpena? Someone just hit the lottery. I hope Queen Bees Knees has alloted 100 years to pay off the purchase.

[organman95]

Wow. I didn't think all those stations would amount to $12 million...

[ftballfan]

Wow. I didn't think all those stations would amount to $12 million...

WBKB having all of the Big Four helps bring that price up. I wonder if the price includes studios, offices, and towers

[rugratsonline]

Wow. I didn't think all those stations would amount to $12 million...

WBKB having all of the Big Four helps bring that price up. I wonder if the price includes studios, offices, and towers

If you really want to see a stacked deck, check out Victoria, Texas, where Morgan Murphy owns not only the big four, but also the Spanish language's big two: Univision and Telemundo:

https://en.wikipedia.org/wiki/Morgan_Murphy_Media

[TC Talks]

Wow. I didn't think all those stations would amount to $12 million...

WBKB having all of the Big Four helps bring that price up. I wonder if the price includes studios, offices, and towers

For 12 million it probably included Steve Marks grandchildren.

[MWmetalhead]

All cash deal, or is seller providing financing?

[TC Talks]

All cash deal, or is seller providing financing?

It's his estate, I doubt they want to carry paper

[MWmetalhead]

Ah, got it. The estate did well netting $12 million for this group of stations.