Naples, FL (June 30, 2025) – Beasley Media Group announces the Company has entered into a Definitive agreement to sell 98.7 The Shark (WPBB‑FM) in Tampa, Florida, to the Educational Media Foundation (EMF). The transaction will mark EMF’s official entry into the Tampa Bay market.
Beasley Media Group has owned and operated 98.7 FM since acquiring the station as part of a swap agreement with CBS Radio back in 2014, when Beasley officially took ownership of WHFS‑FM (98.7 FM/Tampa), along with five other Tampa Bay stations.
“We’re excited to enter into an agreement with EMF on the sale of 98.7 The Shark,” said Caroline Beasley, Chief Executive Officer of Beasley Media Group. “EMF’s longstanding commitment to delivering uplifting, family-friendly content aligns with the values of the community, and we’re confident they will make a meaningful impact as they enter this vibrant market.”
“After 43 years, it is truly a privilege and a blessing to finally be in Tampa,” said Tom Stultz, EMF Chief Executive Officer. “Our mission is to be a trusted source of compelling media linking people everywhere to the hope of Christ. We anticipate K-LOVE’s positive and encouraging Christian format will become a welcomed, safe place to land for listeners in this fantastic city.”
The sale is expected to officially close by the end of 2025, pending FCC approval and customary closing conditions. Michael J. Bergner served as the official broker for the transaction.
About Beasley Media Group:
Beasley Media Group, LLC, a subsidiary of Beasley Broadcast Group, Inc., is a multiplatform media company that delivers advertising and digital marketing solutions across the nation. The company owns 55 radio stations in 12 large and mid-size U.S. markets and offers audio technology, podcasting, ecommerce, and event services. Each week, Beasley Media Group touches more than 20 million consumers. For more information, please visit www.bbgi.com.
About Educational Media Foundation (EMF):
Educational Media Foundation (EMF) is a nonprofit, multiplatform media organization on a mission to inspire people to move closer to Jesus. Operating more than 1,200 radio signals between radio networks K-LOVE and Air1, EMF content broadcasts in all 50 states and streams around the world. Through a growing family of media ministries including podcasts, books, films, concerts and live events, EMF seeks to be the most trusted source of compelling media, linking people everywhere to the hope of Christ. For more information, visit www.K-LOVE.com.
