By BIA Financial Networks -- Broadcasting & Cable, 4/30/2006 8:00:00 PM
K47KC Romeo, Colo.
BUYER: Mainstreet Broadcasting Co. Inc. (Paul Bossert, president)
SELLER: Shon Heersink
FACILITIES: Ch. 47, 8.3 kW
WVWI(AM) and WVJZ(FM) Charlotte Amalie, WWKS(FM) Cruz Bay, V.I.
BUYER: Gordon P. Ackley; owns no other stations
SELLER: Knight Quality Stations (Randolph Knight, president)
FACILITIES: WVWI(AM): 1000 kHz, 5 kW day/1 kW night; WVJZ(FM): 105.3 MHz, 30 kW, ant. 1,585 ft.; WWKS(FM): 101.3 MHz, 50 kW, ant. 1,227 ft.
FORMAT: WVWI(AM): News/Talk/Info; WVJZ(FM): Urban CHR; WWKS(FM): Urban AC
COMMENT: Gordon P. Ackley will acquire Randolph Knight’s 50% ownership of GARK LLC, licensee of WVJZ(FM) Charlotte Amalie, and become sole member of GARK LLC, which will be the licensee of all three stations.
KGDQ(FM) Colorado Springs, Colo.
PRICE: $17.5 million
BUYER: Bustos Media Enterprises LLC (Amador Bustos, president/CEO); owns 26 other stations, none in this market
SELLER: Superior Broadcasting (Chris Devine, partner)
FACILITIES: 101.9 MHz, 50 kW, ant. 492 ft.
BROKER: Thomas Gammon of Americom and Chuck Lontine of Marconi Media Ventures
COMMENT: At closing, buyer will pay off seller’s outstanding obligations under senior credit facility with Wells Fargo, not to exceed stated purchase price. Should it be less, buyer will pay seller the difference by wire transfer. In addition, buyer will pay off seller’s obligations under July 25, 2005, business loan agreement with CityWide Banks.
WBTZ(FM) Plattsburgh (Burlington- Plattsburgh), N.Y.
PRICE: $2.5 million
BUYER: Hall Communications Inc. (Bonnie Hall-Rowbotham, chairman of board); owns 20 other stations, including WJOY(AM), WIZN(FM), WKOL(FM) and WOKO(FM) Burlington-Plattsburgh
SELLER: Plattsburgh Broadcasting Corp. (John W. Bissell, president/secretary)
FACILITIES: 99.9 MHz, 100 kW, ant. 984 ft.
KTPB(FM) Kilgore (Tyler-Longview), Texas
PRICE: $2 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 156 other stations, none in this market
SELLER: Kilgore Junior College (Dr. William M. Holda, president)
FACILITIES: 88.7 MHz, 79 kW, ant. 551 ft.
BROKER: Greg Guy of Patrick Communications
WCTU(FM) Tazewell, Tenn.
BUYER: Saga Communications Inc. (Edward K. Christian, president/CEO); owns 86 other stations, none in this market
SELLER: The Stair Co. (Walter Stair, general manager)
FACILITIES: 105.9 MHz, 3 kW, ant. 492 ft.
BROKER: American Media Services LLC
KJNZ(FM) Hereford, Texas
BUYER: Hereford Broadcasting LLC (Jose Aguillon, member); owns no other stations
SELLER: Albert Benavides
FACILITIES: 103.5 MHz, 50 kW, ant. 279 ft.
KANS(FM) Emporia, Kan.
BUYER: Kansas Radio Inc. (Martin Hill, president); owns no other stations
SELLER: C&C Consulting Inc. (Edward Lipson, president/CEO)
FACILITIES: 96.1 MHz, 6 kW, ant. 318 ft.
FORMAT: Soft AC
NEW (FM)(CP) Lake Odessa, Mich.
BUYER: Edgewater Broadcasting (Clark Parrish, member); owns no other stations
SELLER: Great Lakes Community Broadcasting Inc. (James J. McCluskey, president)
FACILITIES: 89.7 MHz, 400 W, ant. 40 ft.
KIVA(FM) Santa Rosa, N.M.
BUYER: Don Davis; owns three other stations, none in this market
SELLER: KNXX Inc. (Don Davis, president)
FACILITIES: 95.9 MHz, 2 kW, ant. 118 ft.
COMMENT: VP Dorothy Davis is selling her interest 45% stake in KNXX Inc. to her son, making him 100% owner. License will be held by Cibola Radio Co., owned 100% by Don Davis.
WJJJ(FM) Greensburg (Pittsburgh), Pa.
BUYER: Renda Broadcasting Corp. (Anthony F. Renda, president); owns 24 other stations, including WJAS(AM), WPTT(AM) and WSHH(FM) Pittsburgh
SELLER: Sheridan Broadcasting Corp. (Ronald Davenport, Jr., CEO)
FACILITIES: 107.1 MHz, 3 kW, ant. 482 ft.
KZGX(AM) Watertown (Minneapolis-St. Paul), Minn.
BUYER: Self Retire Inc. (Peter Phia Xiong, president); owns no other stations
SELLER: WM Broadcasting (Pedro Zamora, president/director)
FACILITIES: 1600 kHz, 5 kW
BROKER: Jim Wychor Communications and Johnson Communication Properties
WIJD(AM) Prichard (Mobile), Ala.
BUYER: Wilkins Communications Network Inc. (Robert Wilkins, president); owns 11 other stations, none in this market
SELLER: Satellite Radio Network (Michael Glinter, president)
FACILITIES: 1270 kHz, 5 kW day/103 W night
KWBC(AM) Navasota, Texas
BUYER: Bryan Broadcasting Corp. (William R. Hicks, president); owns four other stations, none in this market
SELLER: Hereford Agri-Fuels Inc. (Jerome Friemel, president)
FACILITIES: 1550 kHz, 250 W
COMMENT: Purchase price includes monthly time brokerage agreement non-refundable fee of which a portion will be applied to reimburse seller for cost of operating the transmitter site.
WBCV(AM) Bristol (Johnson City-Kingsport-Bristol), Tenn.
BUYER: Sunshine Broadcasters Inc. (Rick Mitchell, principal officer); owns no other stations
SELLER: Sunshine Broadcasters Inc. (Jennings Dotson, president)
FACILITIES: 1550 kHz, 5 kW
COMMENT: Jennings Dotson (49% interest), Christopher Dotson (15.5%), Newl Dotson (15.5%), Gene Baird (15%) and Austin Cook (5%) are selling their interests in Sunshine Broadcasters Inc. to Rick Mitchell, Jonas Mitchell, Robert Bennett and Lisa Bennett, who will each hold a 25% share.
KUDO(AM) Anchorage, Alaska
BUYER: IBEW Local 1547 Investments LLC (Gary Brooks, manager); owns no other stations
SELLER: Chinook Concert Broadcasters (Rick Goodfellow, president)
FACILITIES: 1080 kHz, 10 kW
FORMAT: Business News/Talk
WBLT(AM) Bedford (Roanoke-Lynchburg), Va.
BUYER: Gary E. Burns; owns no other stations
SELLER: WBLT Inc. (Keith Campbell, president)
FACILITIES: 1350 kHz, 5 kW day/47 W night
FORMAT: Adult Standard
WBCU(AM) Union, S.C.
BUYER: Union-Carolina Broadcasting Co. Inc. (James C. Woodson, president); owns no other stations
SELLER: Sutton Radiocasting Corp. (Douglas M. Sutton Jr., chairman/CEO)
FACILITIES: 1460 kHz, 1 kW
COMMENT: Douglas Sutton is selling all of the stock in Union-Carolina Broadcasting Co. Inc. to Woodson.
KUOA(AM) Siloam Springs (Fayetteville), Ark.
BUYER: Galen Gilbert, et al (Galen Gilbert, president); owns one other station, not in this market
SELLER: Johnson Communications Inc. (Mitchell Johnson, president/treasurer)
FACILITIES: 1290 kHz, 5 kW day/31 W night
KXLX(AM) Airway Heights, Wash.
BUYER: Spokane Television Inc. (Elizabeth Murphy Burns, president/director); owns six other stations, none in this market
SELLER: James and Helen Stargel (James Stargel, owner)
FACILITIES: 700 kHz, 10 kW day/600 W night
WAVP(AM) Avon Park (Sebring), Fla.
BUYER: Odyssey Broadcasting Co. Inc. (Michael Cardillo, president/director); owns no other stations
SELLER: Anscombe Broadcasting Group Ltd (Steven G. Reszka, president)
FACILITIES: 1390 kHz, 1 kW
WEAF(AM) Camden, S.C.
BUYER: Glory Communications Inc. (Alex Snipe, president); owns eight other stations, none in this market
SELLER: Colonial Radio Group Inc. (Jeffrey Andrulonis, president)
FACILITIES: 1130 kHz, 1 kW day/7 W night
BROKER: Zoph Potts of Snowden Associates
WECM(AM) Milton (Pensacola), Fla.
BUYER: Professional Humor Inc. (Baroness Maxine Agasim-Pereira, president/secretary/treasurer); owns no other stations
SELLER: Worldlink Technologies Group Inc. (Michael Pfost, president/director)
FACILITIES: 1490 kHz, 1 kW
FORMAT: Adult Standard
COMMENT: Part of purchase price will be paid to Faith Baptist Church to satisfy balance due on Worldlink Technologies’ promissory note.
|Station Sales ScoreCard|
|SOURCE: BIA Financial Networks *As of 4/26/06
|2006 YTD||2005 YTD|
|Number||Value (000)||Number||Value (000)|
Information provided by: BIA Financial Networks' Media Access Pro. Chantilly, Va., www.bia.com 718-818-2425
No related content found.
No Top Articles