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Statement from EMF CEO Todd Woods

UPDATE: Regarding the agreement Educational Media Foundation (EMF) entered into for the purchase of four radio stations currently owned by Salem Media Group, EMF CEO Todd Woods released this statement to HisAir today:

“We are grateful for the opportunity to grow and keep Christian music flowing over these frequencies,” said Todd Woods, EMF Chief Executive Officer. “These additions increase our coverage in our home market of Nashville and extend to a new audience in Hawaii, aligning with our mission to use media to reach people for Christ.”

The stations to be acquired by EMF include WFFH/Nashville (94 FM The Fish), WBOZ/Woodbury, TN (104.9). WFFI/Kingston Springs, TN (93.7) and KAIM/Honolulu (95.5 The Fish). The selling price is reported at $7 mil.

Woods adds that he expects the transition to be finalized within approximately 90 days.

EMF acquired WLVU/Nashville in July 2012 with the purchase from Cumulus. WLVU currently airs K-KOVE while WLVU HD2 is Air1. 

In Honolulu K-LOVE is on 103.5 KLUU/Wahiawa, (103,5 Oahu) and Air 1 is heard on KLUU-HD2.

As for Salem in Honolulu they’re keeping  KHNR (690 AM The Answer), KGU (760 AM), KHCM (Country) and KKOL (107.9 Classic Hits).

Salem Media CEO David Santrella stated, “Salem remains steadfast in our commitment to paying down debt and reducing our overall leverage. The sale of these radio stations helps achieve those goals. At the same time, we are focused on the stations staying in mission format. We are happy to be working with our good friends at EMF to continue impacting lives through music. We are grateful for our staff at these stations that have worked tirelessly over the years.”

Santrella continued, “With this change, Mike Blakemore, Salem’s VP of CCM Programming, will provide focus and leadership to programming TCM, which remains an important part of Salem’s content offerings.”

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