In back-to-back deals announced this week, Salem Media Group has suddenly gone from owning zero stations in the Miami market to three AMs and three FM translators. In the second deal announced in as many days, the Christian- and conservative-centric media company has struck a $5 million deal to acquire Spanish talk “La Poderosa 670” WWFE and Spanish variety “Cadena Azul 1550” WRHC from Fenix Broadcasting. The deal also includes the Miami, FL-licensed translator W276DV at 103.1 FM that simulcasts WWFE and the Miramar, FL-licensed translator W254DV at 98.7 FM that simulcast WRHC.
Salem will operate the stations under a time brokerage agreement until closing, which is expected at the beginning of 2023.