CA Radio: Dimes Media To Acquire Mapleton Stations

Dimes Media of Camarillo, Calif., has announced  it has entered into an agreement to purchase all of San Luis Obispo radio stations owned by Mapleton Communications.

Mapleton owns five stations in the San Luis Obispo market:

• KPYG 94.9 FM, Cayucos-San Luis Obispo, CA, Alternative
• KXTZ 95.3 FM, Pismo Beach, CA, 93.5 The Beach, Classic Rock
• KXDZ 100.5 FM, Templeton, CA, 100.5 The Beach, Classic Rock
• KWWV 106.1 FM, Santa Margarita CA, Wild 106, Top 40
• KYNS/ 1340 AM San Luis Obispo, CA, AC
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The sale is expected to close in 45 to 60 days, he said. Terms of sales were not disclosed. The stations currently have 15 employees, Criswell said. He expects the stations will add employees.

KPYG 94.9 FM (25Kw) 60dVBu Coverage

Eric Fahnoe, president of Dimes Media, announced these stations are the initial acquisition of the newly formed Dimes Media. Fahnoe said, “After significant research and investigation, we determined that the San Luis Obispo market represents a vibrant and diverse community with tremendous potential. We’re thrilled to be the flagship of the newly formed Dimes Media.”

“Our family has owned and operated radio stations for three generations,” he said. “I’m proud to lead this new company at an exciting and innovative time in our industry’s evolution.” Fahnoe plans to move to San Luis Obispo County, making these stations locally owned and operated.

Fahnoe is the nephew of the late Rick Buckley, and grandson of the family patriarch, Richard Dimes Buckley, founder of Buckley Broadcasting. Eric’s Mother, Martha, is Rick’s sister, and a key executive in Dimes Media.

Frank Boyle is the broker for the buyer, Dimes Media. Andy Mc Clure of Exline Co. is the broker for the seller, Mapleton Communications.