Panama City Radio: Gulf Coast To Acquire 4 Silent Stations

Gulf Coast Broadcasting has agreed to acquire three stations in Panama City, FL, from Powell Broadcasting.

Following Hurricane Michael in October, Powell ceased operations at the following stations:

• Country WKNK Kick'n 103.5 (100 Kw)
• Variety Hits WASJ 105.1 BobFM (50 Kw)
• Classic Rocker WRBA 95.9 FM (50 Kw)
• CHR WPFM 107.9 FM (54 Kw)

In September, Powell announced the pending sale of WPFM to Educational Media Foundation for $472,000.

Gulf Coast is a Florida-based company, headed by Samuel Rogatinsky, who is also the principal of Palm Beach Radio Group, which owns three stations there.

Powell also owns six stations in Sioux City, Iowa and Powell/Panama City Market Manager Jeff Storey told sister station KSCJ 1360 that their 150 foot STL tower snapped in half punching a hole in the roof of the studio building allowing water to rush in.