Deals
By BIA Financial Networks -- Broadcasting & Cable, 8/13/2006 8:00:00 PM
TVs
KBSD(TV) Ensign, KBSL(TV) Goodland, KBSH(TV) Hays, KWCH(TV) Hutchinson, Kan.
PRICE: $73 million
BUYER: Schurz Communications Inc. (Franklin Schurz Jr., chairman/CEO)
SELLER: Media General Inc. (James Zimmerman, president, broadcast division)
FACILITIES: KBSD(TV): Ch. 6, 100 kW, ant. 719 ft.; KBSL(TV): Ch. 10, 316 kW, ant. 981 ft.; KBSH(TV): Ch. 7, 112 kW, ant. 709 ft.; KWCH(TV): Ch. 12, 316 kW, ant. 1,519 ft.
AFFILIATION: KBSD(TV): CBS; KBSL(TV): CBS; KBSH(TV): CBS; KWCH(TV): CBS
BROKER: Stephens Inc.
WIAT(TV) Birmingham, Ala.; KIMT(TV) Mason City, Iowa
PRICE: $35 million
BUYER: New Vision Group Inc. (Jason Elkin, chairman/CEO)
SELLER: Media General Inc. (James Zimmerman, president, broadcast division)
FACILITIES: WIAT(TV): Ch. 42, 5,000 kW, ant. 1,381 ft.; KIMT(TV): Ch. 3, 100 kW, ant. 1,549 ft.
AFFILIATION: WIAT(TV): CBS; KIMT(TV): C&P
WDEF(TV) Chattanooga, Tenn.
PRICE: $22 million
BUYER: Morris Multimedia Inc. (Charles Morris, president/CEO)
SELLER: Media General Inc. (James Zimmerman, president, broadcast division)
FACILITIES: Ch. 12, 316 kW, ant. 1,260 ft.
AFFILIATION: C&P
WXSI(LP) Philadelphia
PRICE: $725,000
BUYER: Mako Communications LLC (Sean Mintz, president)
SELLER: Mediacasting LLC (William E. Mattis, member)
FACILITIES: Ch. 33, 150 kW
BROKER: The LPTV Store
KMGT(TV) Waimanalo, Hawaii
PRICE: $500,000
BUYER: Oceania Christian Church (James Gustafson, board member)
SELLER: Waimanalo Television Partners (Donald Laidlaw, manager)
FACILITIES: Ch. 56, 19 kW, ant. 1,116 ft.
WFPI(LP) Fort Pierce, Fla.
PRICE: Swap
BUYER: Equity Broadcasting Corp. (Greg Fess, senior VP/COO)
SELLER: Tiger Eye Broadcasting Corp. (John Kyle II, president/CEO)
FACILITIES: Ch. 8, 3 kW, ant. 203 ft.
AFFILIATION: Ind.
COMMENT: Tiger Eye is exchanging WFPI(LP) with Equity Broadcasting Corp's CP for K34HQ Sherman, Texas. Value of the assets being exchanged is estimated to be $240,000.
K34HQ Sherman, Texas
PRICE: Swap
BUYER: Tiger Eye Broadcasting Corp. (John Kyle II, president/CEO)
SELLER: Equity Broadcasting Corp. (Greg Fess, senior VP/COO)
FACILITIES: Ch. 34, 10 kW
COMMENT: See item above.
Combos
KTCY(FM) Azle, KBOC(FM) Bridgeport, KZZA(FM) Muenster, KZMP(FM) Pilot Point, KZMP(AM) University Park (Dallas-Ft. Worth), Texas
PRICE: $95 million
BUYER: Liberman Broadcasting Inc. (Lenard Liberman, executive VP); owns 16 other stations, including KNOR(FM) Dallas-Ft. Worth
SELLER: Entravision Holdings LLC (Walter Ulloa, chairman/CEO)
FACILITIES: KTCY(FM): 101.7 MHz, 92 kW, ant. 2,034 ft.; KBOC(FM): 98.3 MHz, 93 kW, ant. 2,034 ft.; KZZA(FM): 106.7 MHz, 75 kW, ant. 2,034 ft.; KZMP(FM): 104.9 MHz, 16 kW, ant. 1,755 ft.; KZMP(AM): 1540 kHz, 32 kW day/750 W night
FORMAT: KTCY(FM): Spanish/CHR; KBOC(FM): Spanish/Adult Hits; KZZA(FM): Reggaeton; KZMP(FM): Mexican; KZMP(AM): Mexican
WTOJ(FM) Carthage, WBDI(FM) Copenhagen (Watertown), WGIX(FM) Gouverneur, WOTT(FM) Henderson (Watertown), WSLB(AM), WBDB(FM) Ogdensburg, WATN(AM) Watertown, N.Y.
PRICE: $5.5 million
BUYER: Community Broadcasters LLC (Jim Leven, president/CEO); owns no other stations
SELLER: Clancy-Mance Communications North (David Mance, president)
FACILITIES: WTOJ(FM): 103.1 MHz, 2 kW, ant. 594 ft.; WBDI(FM): 106.7 MHz, 2 kW, ant. 1,191 ft.; WGIX(FM): 95.3 MHz, 6 kW, ant. 328 ft.; WOTT(FM): 100.7 MHz, 6 kW, ant. 328 ft.; WSLB(AM): 1400 kHz, 1 kW; WBDB(FM): 92.7 MHz, 3 kW, ant. 312 ft.; WANT(AM): 1240 kHz, 1 kW
FORMAT: WTOJ(FM): AC; WBDI(FM): CHR; WGIX(FM): Oldies; WOTT(FM): Classic Rock/New Rock; WSLB(AM): Talk; WBDB(FM): CHR; WANT(AM): Talk
BROKER: Dick Kozacko of Kozacko Media Services
WJEH(AM) Gallipolis, WNTO(FM) Racine, Ohio
PRICE: $1.35 million
BUYER: Sunny Broadcasting LLC (Tina Merry, president); owns no other stations
SELLER: Legend Communications LLC (W. Lawrence Patrick, president)
FACILITIES: WJEH(AM): 990 kHz, 1 kW day/16 W night; WNTO(FM): 93.1 MHz, 4 kW, ant. 397 ft.
FORMAT: WJEH(AM): Adult Standard; WNTO(FM): Hot AC
BROKER: Susan K. Patrick of Patrick Communications
COMMENT: Purchase price covers license and operating assets; Legend will retain the land, studio/office building and tower, which Sunny has an option to purchase for another $724,546.
KCOX(AM) and KTXJ(FM) Jasper, Texas
PRICE: $890,000
BUYER: Cross Texas Media Inc. (Richard Tallent, president); owns no other stations
SELLER: Lasting Value Radio (Meredith Beals, president)
FACILITIES: KCOX(AM): 1350 kHz, 5 kW day/37 W night; KTXJ(FM): 102.7 MHz, 50 kW, ant. 492 ft.
FORMAT: KCOX(AM):News/Talk; KTXJ(FM): Southern Gospel
FMs
WFMX(FM) Clemmons (Greensboro-Winston Salem-High Point), N.C.
PRICE: $15.65 million
BUYER: Clear Channel Communications (John Hogan, CEO, radio); owns 1,167 other stations, including WGBT(FM), WMAG(FM), WTQR(FM) and WVBZ(FM) Greensboro-Winston Salem-High Point
SELLER: Mercury Broadcasting Co. Inc. (Van H. Archer, president)
FACILITIES: 105.7 MHz, 34 kW, ant. 1,453 ft.
FORMAT: Urban AC
WWHV(FM) Virginia Beach (Norfolk-Virginia Beach-Newport News), Va.
PRICE: $4.25 million
BUYER: Red Zebra Broadcasting LLC (Bennett Zier, president/CEO); owns four other stations, none in this market
SELLER: On Top Communications (Bryan Rice, chief restructuring officer)
FACILITIES: 102.1 MHz, 6 kW, ant. 328 ft.
FORMAT: Hip-Hop/Urban/R&B
WIHN(FM) Normal (Bloomington), Ill.
PRICE: $4 million
BUYER: Connoisseur Media LLC (Jeff Warshaw, president); owns 13 other stations, including WBBE(FM) and WVMG(FM) Bloomington
SELLER: AAA Entertainment (John Maguire, president/CEO)
FACILITIES: 96.7 MHz, 4 kW, ant. 410 ft.
FORMAT: Rock
WIKL(FM) Greencastle, Ind.
PRICE: $2 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 158 other stations, none in this market
SELLER: Hoosier Broadcasting Corp. (William Poorman, president)
FACILITIES: 90.5 MHz, 15 kW, ant. 436 ft.
FORMAT: Christian Contemporary
BROKER: John Pierce of John Pierce and Co. LLC and Ed Roehling of Roehling Broadcast Services Ltd
KDNS(FM) Downs, Kan.
PRICE: $276,000
BUYER: Dierking Communications (Bruce Dierking, president/secretary); owns five other stations, none in this market
SELLER: Hoeflicker Stations (Herbert Hoeflicker, president)
FACILITIES: 94.1 MHz, 28 kW, ant. 292 ft.
FORMAT: Country
Ams
KWKY(AM) Des Moines, Iowa
PRICE: $2.04 million
BUYER: Saint Gabriel Communications (Joseph Teeling, president); owns no other stations
SELLER: Putbrese Communications Ltd (John Putbrese, president)
FACILITIES: 1150 kHz, 3 kW day/1 kW night
FORMAT: Christian
COMMENT: Trinity Communications Inc., 100% owned by Saint Gabriel Communications, is purchasing 85% of the stock in Putbrese Communications from John, Debra, Charles and Ella Mae Putbrese. In addition to the purchase price, buyer will pay sellers $27,100 as reimbursement for a system upgrade costing $7,500 and a power upgrade costing $19,600. The Putbreses will continue to own the remaining 15% in Putbrese Communications.
WJNT(AM) Pearl (Jackson), Miss.
PRICE: $1.65 million
BUYER: Inner City Broadcasting Corp. (Pierre Sutton, CEO); owns 18 other stations, including WKXI(AM)/(FM), WJMI(FM) and WOAD(FM) Jackson
SELLER: Buchanan Broadcasting (Bob Buchanan, president)
FACILITIES: 1180 kHz, 50 kW day/500 W night
FORMAT: News/Talk
BROKER: AirTime Media
WAYE(AM) Birmingham, Ala.
PRICE: $950,000
BUYER: Davidson Media Group (Peter Davidson, president); owns 42 other stations, including WLPH(AM) Birmingham
SELLER: Willis Broadcasting Corp. (Levi Willis, president)
FACILITIES: 1220 kHz, 1 kW day/75 W night
FORMAT: Gospel
BROKER: John Pierce of John Pierce and Co. LLC
KCRG(AM) Cedar Rapids, Iowa
PRICE: $775,000
BUYER: KZIA Inc. (Eliot Keller, president); owns one other station, KZIA(FM) Cedar Rapids
SELLER: Gazette Communications (Joe Hladky III, president)
FACILITIES: 1600 kHz, 5 kW
FORMAT: Sports
WLIL(AM) Lenoir City (Knoxville), Tenn.
PRICE: $500,000
BUYER: Progressive Media Inc. (Barry Culberson, president); owns one other station, WIFA(AM) Knoxville
SELLER: BP Broadcasters LLC (Zollie Cantrell, chief manager)
FACILITIES: 730 kHz, 1 kW day/214 W night
FORMAT: Country
BROKER: John Pierce of John Pierce and Co. LLC
Clarification
In the sale of WIKL(FM) Greencastle, Ind., by Hoosier Broadcasting to Educational Media Foundation (Deals, 7/24/06), John Pierce of John Pierce and Co. LLC represented the buyer, and Ed Roehling of Roehling Broadcast Services Ltd represented the seller.
Information provided by: BIA Financial Networks' Media Access Pro. Chantilly, Va., www.bia.com 718-818-2425
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2006 YTD* | 2005 YTD | |||
| Number | Value (000) | Number | Value (000) | |
| Source: BIA Financial Networks *As of 8/8/06 |
||||
| Television | 114 | $15,973,819 | 85 | $2,842,439 |
| Radio | 659 | $5,138,224 | 889 | $2,836,254 |
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