February 14, 2012
Lee Family Broadcasting, Inc. has purchased the assets of KART Broadcasting Company, Inc (KART-AM, KMVX-FM) for $650,000.* KART-AM and KMVX-FM are licensed to Jerome, Idaho and serve the Twin Falls (Sun Valley), Idaho metro (Jerome is 12 miles from Twin Falls). Kim Lee is the president of Lee Family broadcasting and is purchasing the stations from his brother Kent Lee. These stations have been in the Lee Family since 1964.
Kim Lee also owns 4 stations (KZDX/KBAR & KKMV/KFTA) in neighboring Burley and Rupert, Idaho. Kim said, “He wanted to keep the stations in the family if possible while adding this great combo to his cluster of stations that already serve south central Idaho”. The entire group of stations will retain studios in Burley and Rupert as well as Jerome and Twin Falls.
KMVX-FM (Mix 103) is a Class C-1 broadcasting at 102.9 mHz with 100,000 watts ERP programming an AC format. KART is a country station on 1400 kHz with 1,000 watts day and night.
Greg Merrill of our Salt Lake City office was the exclusive broker in this transaction.
Pending FCC Approval