About two months after it took KXSP/590 (Omaha) off the air, SummitMedia has reached an agreement to sell the station to locally-owned Walnut Media.
An asset purchase agreement filed with the FCC on April 17 lists the purchase price at $40,000. The sale includes the station license, two transmitters, and spare parts. Not included is KXSP’s 90-year-old transmitter site at North 56th Street and Kansas Avenue; the station told the FCC in February that the property had been sold.
Walnut currently owns KIBM/1490 (Omaha), KOBM-FM/97.3 (Blair), KHUB/1340 (Fremont), and KFMT-FM/105.5 (Fremont), while sister company Hickory Radio LLC owns KCRO/660 (Omaha) and KXCB/1420 (Omaha). The companies also have several FM translators. Steve Seline is the sole member of Hickory Radio and is 60% owner of the parent company of Walnut Media…