{"id":78083,"date":"2025-08-12T21:28:12","date_gmt":"2025-08-12T21:28:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/78083\/"},"modified":"2025-08-12T21:28:12","modified_gmt":"2025-08-12T21:28:12","slug":"beasley-agrees-to-sell-its-southwest-fla-radio-properties","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/78083\/","title":{"rendered":"Beasley Agrees To Sell Its Southwest Fla. Radio Properties"},"content":{"rendered":"

\"Caroline<\/a>Caroline Beasley <\/p>\n

Updated at 11:40am Eastern<\/p>\n

It is one of the more intriguing radio station transactions of 2025. Yet, it comes as a big surprise to many \u2014 including the broker who represented the company in its sale of WPBB-FM in Tampa-St. Petersburg to K-LOVE. In a single sentence offered by its CEO as part of its second quarter 2025 financial earnings review<\/a>,\u00a0Caroline Beasley\u00a0revealed that\u00a0Beasley Media Group\u00a0is selling its five radio stations in its home market.<\/p>\n

\u00a0<\/p>\n

BUYER CONFIRMED<\/p>\n

The company\u2019s head offered scant further details at the start of the company\u2019s quarterly earnings call. Most notably, she didn\u2019t mention the name of the \u201cthird-party\u201d buyers taking the stations in twin transactions totaling $18 million. A company spokesperson declined to reveal the name of the buyer when contacted by RBR+TVBR; Caroline Beasley did not respond to\u00a0RBR+TVBR\u2018s request for further information about the deal.<\/p>\n

However, two sources close to the matter have confirmed that\u00a0Fort Myers Broadcasting Co.,\u00a0the owner of CBS affiliate WINK-TV and WAVV-FM, WINK-FM and WTLQ \u201c97.7 Latino\u201d in Fort Myers, is the buyer of\u00a0Sports Talk WBCN-AM 770, an ESPN Radio affiliate; Gold-based Adult Contemporary WJPT-FM \u201cSunny 106.3,\u201d\u00a0and Adult-oriented Tropical WWCN-FM \u201cPlaya 99.3.\u201d Long-owned by the McBride family, these three stations are being sold by Beasley to Fort Myers Broadcasting for $9 million.<\/p>\n

The second transaction sees\u00a0Beasley selling WRXK-FM \u201c96 KRock,\u201d and\u00a0Top 40 WXKB \u201cB103.9,\u201d to Sun Broadcasting Co. for $9 million. This would pair the two FMs with four other FMs<\/a> \u2014 WFSX \u201cFox News 92.5,\u201d WFFY-FM \u201cFLY 98.5,\u201d WHEL-FM \u201cTrump Country 93.7\u201d and WARO-FM 94.5. Sun is led by President\u00a0Jim Schwartzel, who in April opened a federal account to run for House Member Byron Donalds\u2019\u00a0House seat as a Republican. Sun is also the owner of The CW affiliate for Fort Myers-Naples, WXCW-TV, and two low-power TV stations offering Univision and UniM\u00e1s programming to Southwest Florida. The TV stations are operated via a shared services agreement with Fort Myers Broadcasting.<\/p>\n

Beasley has also been competing in the Southwest Florida radio marketplace against Renda Broadcasting and iHeartMedia.<\/p>\n

WRXK dates to 1986, and has a long history as a personality-driven Rock station. WBCN, which took the famed former Boston call letters in 2021, dates to December 1983 and enjoys a strong 10kw daytime signal but must reduce power at night to protect WABC-AM in New York. WWCN is the former home of Alternative WJBX \u201c99X,\u201d while WXKB\u2019s current history dates to 1993, when it shifted from 103.7 MHz and adopted its current branding and format, replacing WINK-FM as the market\u2019s dominant Top 40 station. WJPT was acquired by Beasley in October 1997 (as WJST-FM) and has long had an adult-focused presentation. The $5 million WJPT deal saw George Beasley sign a $2 million Promissory Note after making a $3 million cash payment to the seller.<\/p>\n

Could there be more deals in the works?<\/p>\n

\u201cWe are always open to asset sales or swaps if it makes sense for the company,\u201d Caroline Beasley said at the end of the Q2 2025 earnings call, in which she described the quarter as \u201cchallenging but important,\u201d yielding mixed results.<\/p>\n","protected":false},"excerpt":{"rendered":"Caroline Beasley Updated at 11:40am Eastern It is one of the more intriguing radio station transactions of 2025.…\n","protected":false},"author":2,"featured_media":78084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[55141,55142,88,216,55145,1867,55143,55144],"class_list":["post-78083","post","type-post","status-publish","format-standard","has-post-thumbnail","category-music","tag-b103-9","tag-beasley-media-group","tag-entertainment","tag-music","tag-the-hot-list","tag-top","tag-wrxk-96k-rock","tag-wwcn-playa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/78083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=78083"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/78083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/78084"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=78083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=78083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=78083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}