by Luke Jones
Posted 7/29/2013 12:00 am
Southwest Arkansas Media LLC of Russellville is awaiting federal approval for its $315,000 purchase of five radio stations in the vicinity of Malvern and Arkadelphia.
Michael Wilkins, owner of Southwest Arkansas Media, said that if the Federal Communications Commission is on schedule, the deal should be complete within a few weeks. The stations are KBOK-AM, 1310 in Malvern; KDEL-FM, 100.9, and KVRC-AM, 1240, both of Arkadelphia; KYXK-FM, 106.9 of Gurdon; and KHCV-FM, 99.7 of Caddo Valley, which is silent.
The seller was Noalmark Broadcasting Corp. of El Dorado. Noalmark was founded by the late William C. Nolan, a member of the founding family of Murphy Oil Corp., where he was chairman of the board until his death in March 2012.
Wilkins said that after the purchase is complete, there will be “substantial” changes made to the stations’ programming as well as their facilities. “They have a lot of equipment that is very old and not state of the art,” he said.
He said the mostly music-oriented stations would be expanded to include more local content like sports and news. “We’re going to have a very visible, local presence,” he said.