An unknown buyer completed the acquisition of KLFE-AM and KNTS-AM in Seattle, Washington from Salem Media Group, Inc. for $0.7 million.
July 20, 2023
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An unknown buyer agreed to acquire KLFE-AM and KNTS-AM in Seattle, Washington from Salem Media Group, Inc. (NasdaqGM:SALM) for $0.5 million on June 23, 2022. The transaction is subject to approval of the Federal Communications Commission. Buyer will pay for $0.5 million for KLFE-AM and $0.2 millon for KNTS-AM. Radio station KLFE-AM is being programmed under a TBA as of August 1, 2022. On July 13, 2023 the company closed the sale of radio station KLFE-AM in Seattle
An unknown buyer completed the acquisition of KLFE-AM and KNTS-AM in Seattle, Washington from Salem Media Group, Inc. (NasdaqGM:SALM) for $0.7 million on July 21, 2023.
Salem Media Group, Inc. is a domestic multimedia company specializing in Christian and conservative content, with media properties comprising radio broadcasting, digital media, and publishing. Its segments include Broadcast, Digital Media and Publishing. The Broadcast segment is engaged in the business of radio broadcasting, which includes the ownership and operation of radio stations in metropolitan markets. The Digital Media segment provides Christian, conservative, investing content, audio and video streaming, and other resources digitally through the Web. It operates two businesses in its book publishing segment: Regnery Publishing and Salem Author Services. Regnery Publishing is a traditional book publisher. The books are sold in traditional printed form and as eBooks, such as Regnery Political, Regnery History, Regnery Kids, Gateway Editions and Salem Books. Salem Author Services is a self-publishing service for authors through two imprints: Xulon Press and Mill City Press.