August 11, 2016
Monte Spearman’s High Plains Radio Network, LLC, of Plainview, Texas is adding two more Arkansas stations to its growing portfolio of small market facilities. High Plains is acquiring two of the oldest stations in Arkansas, KFFA-AM and KFFA-FM in Helena. KFFA-AM went on the air in 1941, and was one of the first stations in the country west of the Mississippi River. This Arkansas Delta operation, on the banks of the Mississippi River, is home to the original King Biscuit Flour Blues show, which has featured many of the nation’s top blues performers and still runs daily on KFFA. Sellers of the stations are Jim and Nancy Howe, pioneer Arkansas Broadcasters who have no other broadcast interests. High Plains Radio is owned by Monte Spearman, who has 10 stations in the Plainview and Lubbock, TX markets, five stations in Altus, Oklahoma and three FM stations in Mt. Home, Arkansas. These two Helena acquisitions will now round out an even 20 stations for Spearman’s HPRN.
The purchase price of the KFFA stations is $475,000.*
Bill Cate of Media Services Group’s Little Rock office was the exclusive broker of the transaction, representing the Seller.
*Pending FCC Approval