Industry News Bits 5-25-18
FROM THE NOW NEWSLETTER… Salem paid $8 million for Omaha’s KGBI/100.7 in 2005, and now we know its 2018 sale price – $3.15 million. Salem installed its contemporary Christian “Fish” format on KGBI and did some technical work, and no doubt pulled some profit from it. But this week’s sale (Wednesday’s NOW) is another reminder of how different pre-Great Recession prices are from today. Salem’s selling “Fish 100.7” to a not-for-profit Christian broadcaster which will likely air its own version of CCM (contemporary Christian). But it won’t be a “Fish,” since Salem’s not selling that intellectual property along with the big Class C0 (C-zero) signal. Buyer is Minnesota-based University of Northwestern-St. Paul, which makes KGBI its 21st station. Salem still has two AM/translator combos in Omaha, Christian teaching “660/106.5 The Word” KCRO and conservative talk “FM 94.5/AM 1420 The Answer” KOTK.
Jeanne Giargiana joins Truth For Life as a Customer Service Representative and she will start Wednesday, June 6. She comes from a non-broadcasting background with a lot of Customer Service experience. Truth For Life is still searching for a Content Manager and Audio Producer. Check the listings on HisAir.Net JOBS page.
HisAir.Net will continue to update industry news thru the Memorial Day weekend. Send tour promo pics to ted@hisair.net when you can….
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