Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 3/23/2003 7:00:00 PM
TVs
KAPX-TV Albuquerque, N.M.
PRICE: $20 million
BUYER: Univision Communications Inc. (A. Jerrold Perenchio, chairman/CEO)
SELLER: Paxson Communications Corp. (Jeff Sagansky, president/CEO)
FACILITIES: Ch.14, 5,000 kW, ant. 1,234 ft
AFFILIATION: Pax
Combos
WYNG-FM Evansville and WDKS-FM Newburgh (Evansville), WGBF-AM Evansville, Ind.; WKRI-FM Mount Carmel (Evansville), Ill.; WGBF-FM Henderson (Evansville), Ky.
PRICE: $2.7 million
BUYER: Regent Communications Inc, (Terry Jacobs, chairman/CEO); owns 71 other stations, including WBKR-FM and WKDQ-FM Evansville
SELLER: Clear Channel Communications (John Hogan, CEO/Radio)
FACILITIES: WYNG-FM: 105.3 MHz, 50 kW, ant. 492 ft.; WDKS-FM: 106.1 MHz, 6 kW, ant. 328 ft.; WGBF-AM: 1280 kHz, 5 kW day/1 kW night; WKRI-FM: 94.9 MHz, 50 kW, ant. 420 ft.; WGBF-FM: 103.1 MHz, 3 kW, ant. 453 ft.
FORMAT: WYNG-FM: Country; WDKS-FM: Top 40; WGBF-AM: News/Talk; WKRI-FM: Classic Rock; WGBF-FM: AOR
COMMENT: Regent is swapping three FMs and one AM in the Duluth, Minn., market plus $2.7 million for Clear Channel's four FMs and one AM in the Evansville market
KKCB-FM and KLDJ-FM Duluth, KBMX-FM Proctor and WEBC-AM Duluth, Minn.
PRICE: Swap
BUYER: Clear Channel Communications (John Hogan, CEO/Radio); No. 1 group owns 1,202 other stations, none in this market
SELLER: Regent Communications Inc. (Terry Jacobs, chairman/CEO)
FACILITIES: KKCB-FM: 105.1 MHz, 100 kW, ant. 791 ft.; KLDJ-FM: 101.7 MHz, 19 kW, ant. 824 ft.; KBMX-FM: 107.7 MHz, 8 kW, ant. 912 ft.; WEBC-AM: 560 kHz, 50 kW day/5 kW night
FORMAT: KKCB-FM: Country; KLDJ-FM: Oldies; KBMX-FM: Modern AC; WEBC-AM: Talk
COMMENT: See item above
WOFE-FM and WOFE-AM Rockwood and WUFX-FM Harriman (Knoxville), Tenn.
PRICE: $1.5 million
BUYER: Commsouth Radio Inc. (Kirk A. Tollett, president); no other broadcast interests
SELLER: P&G Properties Inc. (Glenn Hill, owner)
FACILITIES: WOFE-FM: 105.7 MHz, 930 W, ant. 837 ft.; WOFE-AM: 580 kHz, 1 kW day, WUFX-FM: 92.7 MHz, 790 W, ant. 663 ft.
FORMAT: WOFE-FM: Country; WOFE-AM: Gospel; WUFX-FM: Gospel
WSWO-FM and WKFI(AM) Wilmington, Ohio
PRICE: $1.2 million
BUYER: Baldwin Broadcasting (Vernon Baldwin, owner); owns five other stations, none in this market
SELLER: Southwest Ohio Broadcasting Services GP (Berl Brechner, general partner)
FACILITIES: WSWO-FM: 102.3 MHz, 3 kW, ant. 299 ft.; WKFI: 1090 kHz, 1 kW day
FORMAT: WSWO-FM: Country; WKFI: Gospel
FMs
WJEZ-FM Pontiac and WLDC-FM Dwight, Ill.
PRICE: $5.5 million
BUYER: Citadel Communications Corp. (Farid Suleman, CEO); No. 6 station group owns 214 other stations, none in this market
SELLER: Livingston County Broadcasters Inc. (J. Collins Miller, president)
FACILITIES: 93.7 MHz, 12 kW, ant. 472 ft.; WLDC-FM: 98.9 MHz, 1 kW, ant. 489 ft.
FORMAT: WJEZ-FM: Oldies; WLDC-FM: Country
BROKER: Don Sailors
KCDI-FM Bryant (Little Rock), Ark.
PRICE: $3.6 million
BUYER: Archway Broadcasting Group LLC (Al Vicente, president/CEO); owns 12 other stations, including KHTE-FM and KLEC-FM Little Rock
SELLER: Malvern Entertainment Corp. (Scott A. Gray, president)
FACILITIES: 93.3 MHz, 6 kW, ant. 699 ft.
FORMAT: Country
BROKER: Bill Cate, Sunbelt Media
KWCX-FM Willcox, Ariz.
PRICE: $2.5 million
BUYER: Clear Channel (John Hogan, CEO/Radio); No. 1 station group owns 1,206 other stations, none in this market
SELLER: Lakeshore Media LLC (Chris Devine, member)
FACILITIES: 104.9 MHz, 730 W, ant. 3,176 ft.
FORMAT: AC
Clarification
In the Feb. 10 issue, Roehling Broadcast Services Ltd. was the broker in the sale of WLEZ(FM) Terre Haute, Ind., by Bomar Broadcasting Co.-Terre Haute Inc. to Crossroads Investments.
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
| Station Deals Year-to-Date* | ||||
|---|---|---|---|---|
| 2003 | 2002 | |||
| Source: BIA Financial Networks *Through March 18 |
||||
| Number | Value (million) | Number | Value (million) | |
| Television | 26 | $799,860 | 7 | $146,500 |
| Radio | 113 | $276,181 | 204 | $663,390 |
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