from Radio Insight
Pillar of Fire has agreed to acquire Max Media’s Rhythmic AC “Jammin 101.5‘ KJHM Watkins and Classic Hip Hop “Flo 107.1” KFCO Bennett/Denver, CO for $7.775 million.
The two stations will join Pillar’s Christian Preaching 910 KPOF/102.7 K274DF Denver as well as Christian AC’s “Star 93.3” WAKW Cincinnati and “Star 99.1” WAWZ Zarepath NJ in Pillar’s holdings. Max Media retains its stations in Norfolk VA, Cape Girardeau MO, and Carbondale IL.
Pillar of Fire has filed with the FCC to purchase KFCO & KJHM FM.
The pending purchase will expand the Pillar Media group to five local radio stations, including WAWZ/Middlesex-Somerset-Union (STAR 99.1), WAKW/Cincinnati (STAR 93.3) and KPOF/Denver (AM 910).
Art Garza, Director of Broadcasting for Pillar Media said, “We are grateful to the Lord for this incredible opportunity. It’s been a prayer of the Pillar of Fire Board for many years to expand its ministry in Denver. Consequently, we are thrilled and blessed for the opportunity to expand our ministry through these two FM stations.”
Matt Stockman, Pillar Media Brand Director, responded, “We are thrilled to serve the Denver community with 3 local radio stations all offering uplifting music and positive stories to different audiences, but with the singular mission of encouraging the Mile High City into a growing relationship with Jesus!”
Pillar of Fire has operated a non-profit radio ministry in the Denver market since 1928, through KPOF AM 910.
Greg Guy of Tideline Partners, based in Hilton Head, SC, was the exclusive broker for Pillar Media.