Profitable Radio Broadcast Network For Sale in Phillips County, Mt
Rare chance to own an established, community friendly, local radio station. Founded in 1980, Kmmr FM has been on the air for over 40 years broadcasting a blend of modern country music, mixed with classic pop and rock, along with local news, weather, and information, high school sports, community activities, and agricultural news. Now also offering all of the above on their website, as well as their mobile app and Facebook page. Kmmr is a class A FM station with 3000 Watts of effective radiated power and an owned tower and transmitter with a generator, on leased land 8 miles south of Malta.
Studio located in the heart of downtown Malta, MT, Kmmr serves the people of Phillips County and surrounding communities within roughly a 70-mile radius. See map for coverage area. Malta is a rural community with nearly 2000 year-round residents and is the county seat of Phillips County, located 50 miles from the Saskatchewan Canadian border.
The current owners have been with the station since its' creation in 1980 and have owned it since 1994. In recent years they have gradually reduced their involvement due to the excellent local staff on hand, including two sales reps, one secretary, and five live DJs. Kmmr is currently on the air live every day from 6 AM to 10 PM, however a semi-automated station could allow a new owner to cut back on payroll expenses.
This business established 40+ years ago has continually proved to be financially solvent while simultaneously supplying the community with a necessary service. The station attracts local advertisers as well as advertisers from larger neighboring communities, with room to grow.
Looking for a motivated individual, an investor, or a group of investors to continue forward with an established business that has been 40 years in the making. The current owner is willing to stay with the business for a time to guide the new owner and propel the company to future success.
The station, including the business, downtown studio, equipment, and offsite tower is now offered at $439,000.
Building Information Built in 1973
3,379+/- Sqft Lot
2,240 +/ Sqft
Upstairs and Downstairs Office Spaces
1 Half Bath
Plenty of Storage
Central Air Conditioning
Forced Air Heating
Membrane Roof with Added Insulation
Area Information The town of Malta, MT, the county seat of Phillips County. There you will find the Phillips County Hospital, a grocery store, United States Post Office, grade school, middle school & high school, churches, Phillips County Library, Bureau of Land Management office, Irrigation District office, Amtrak train station, Phillips Country Regional Airport, Phillips County Museum, many retail shops, eateries, taverns, a local brewery, along with many other businesses & amenities. Population of about 2,000.
Additional Information Natural transmitter and all equipment upgraded in 2013. All cuts used on air have been converted to digital, with CDs on hand for a backup option.
KMMR FM 100.1 Your Information Station The Best Sound Around Affiliate of ABC Radio Network, Northern Sports Network, Northern Ag Network, Northern News Network, and the Western Ag Network.
Financial statements readily available for qualified buyers.
Please call us at Northwest Realty & Auction or George Kimble at Kozacko Media Services for more information.