10-5-14
Columbia International University has agreed to sell its three Christian radio stations, WMHK 89.7 in Columbia, South Carolina, WRCM 91.9 in Wingate, North Carolina, and WRZM 88.3 in Boiling Springs, North Carolina to Educational Media Foundation. EMF's K-LOVE Christian music network is already heard on over 450 stations and translators throughout the United States. The sale price for all three stations was $10.5 million.
CIU President Dr. Bill Jones says selling the three stations will help both companies fulfill their missions. "CIU will be in a stronger position to focus on its core purpose of educating students from a biblical worldview to impact the nations with the message of Christ,? Jones said. ?Meanwhile, the radio stations will become part of an expanded outreach in the Carolinas with an owner who can continue their growth in the rapidly changing broadcast environment."
EMF President and CEO Mike Novak has expressed appreciation of the opportunity to continue the heritage of Christian music over the CIU stations saying, "K-LOVE has partnered with and been supportive of WMHK, WRCM, and WRZM for years and has seen their impact in the communities they serve. We look forward to working hard to continue the tradition while bringing what we have to offer to listeners throughout the Carolinas."
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