WAY Media Purchases KVRK

PRESS RELEASE

May 14, 2015

Research Educational Foundation, Inc., the nonprofit owner/operator of Christian rock – formatted KVRK 89.7 FM, Dallas has announced that they have entered into an agreement to sell the station to WAY Media. The station signed on the air in 1999. Dallas will be the largest market for Colorado Springs-based WAY-FM, which was founded in the late 1980’s by Bob and Felice Augsburg.

Stan Thomas, President of KVRK, said about the transfer to WAY-FM, _KVRK 89.7 FM is pleased to announce that we will be selling the station to WAY-FM. When our board decided to make a change at the station, we knew that because WAY-FM had long been a leader in Christian music broadcasting, their format would make an excellent addition to the Dallas/Fort Worth market. We welcome Bob Augsburg and his team to Dallas!_

Bob Augsburg stated, _Our 2020 Vision compels us to reach more people and impact more lives for Jesus through our various channels of ministry including FM signals. We are thrilled and honored that the board of KVRK-FM chose WAY-FM to carry on the legacy of ministry which Power FM began in the Metroplex nearly two decades ago. We look forward to introducing the WALLY Show, the Brant Hansen show, Carlos and Joy, Justin Lairsey, and the WAY-FM brand of Uplifting, Upbeat, and Real to the Dallas – Fort Worth area. We also remain committed to continuing our legacy of strong local community involvement with the new station._

WAY-FM was founded in 1987 by Bob and Felice Augsburg as a single station in Ft. Myers, FL. WAY-FM and WAY Media Network Services airs on over 100 radio stations in 26 states. Markets served include; Denver, CO; Portland, OR; Nashville, TN and West Palm Beach, FL.

Bill Whitley of the Dallas office of Media Services Group represented the seller as the exclusive broker for this transaction. The purchase price is $2,000,000.*

* Pending FCC Approval

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