Deals
By BIA Financial Networks -- Broadcasting & Cable, 11/5/2006 7:00:00 PM
TVs
WAPA(TV) and WJPX(TV) San Juan, P.R.
PRICE: $130 million
BUYER: InterMedia Partners LP (Alan Sokol, senior invest partner)
SELLER: LIN Television Corp. (Vincent Sadusky, CFO/interim CEO)
FACILITIES: WAPA(TV): Ch. 4, 53.7 kW, ant. 2,864 ft.; WJPX (TV): Ch. 24, 676 kW, ant. 1,910 ft.
AFFILIATION: WAPA(TV): Ind.; WJPX(TV): MTV
COMMENT: Sale includes WAPA-America, a U.S. Spanish-language cable channel that uses news and entertainment programming produced by the Puerto Rico stations.
WAZE(TV) Madisonville, Ky.; WAZE(LP), WIKY(LP) and WJPS(LP) Evansville, Ind.
PRICE: $1 million
BUYER: Roberts Broadcasting Companies (Steven Roberts, president)
SELLER: South Central Communications Corp. (John
Engelbrecht, president/CEO)
FACILITIES: WAZE(LP): Ch. 17, 2.74 kW, ant. 472 ft.; WIKY(LP): Ch. 5, 0.14 kW, ant. 457 ft.; WJPS(LP): Ch. 4, 0.10 kW; WAZE(TV): Ch. 19, 2,690 kW, ant. 791 ft.
AFFILIATION: WAZE(LP): CW; WIKY(LP): CW; WJPS(LP): CW; WAZE(TV): Ind.
KKHD(LP) Grand Junction, KXHD(LP) Montrose, Colo.
PRICE: $675,000
BUYER: News-Press and Gazette Co. (David Bradley, president)
SELLER: Paul Varecha
FACILITIES: KKHD(LP): Ch. 20, 16 kW; KXHD(LP): Ch. 36, 46.8 kW
AFFILIATION: KKHD(LP): Tel; KXHD(LP): Fox
KOBS(LP) San Antonio
PRICE: $300,000
BUYER: Daniel Gomez
SELLER: Clark Ortiz
FACILITIES: Ch. 43, 6 kW
WKNI(LP) Andalusia, Ala.
PRICE: Undisclosed
BUYER: Silver Wings Broadcasting Inc. (Eddie Knight, president)
SELLER: Loflin Childrens Trust-One, Two and Four (David Loflin, trustee)
FACILITIES: Ch. 25, 19.2 kW
AFFILIATION: Ind.
COMMENT: Silver Wings has the option to purchase the station for $10,000 after payment of all $3,000 monthly payments due under a license agreement giving Silver Wings the right to operate the station.
KLAO(LP) Corpus Christi, Texas
PRICE: No cash consideration
BUYER: Daniel Gomez
SELLER: Clark Ortiz
FACILITIES: Ch. 55, 7.28 kW, 120 kW
AFFILIATION: Ind.
K33DK Lucerne Valley, K39GY Victorville, Calif.
PRICE: $25,000
BUYER: Chang Broadcasting (Jeff Chang, owner)
SELLER: Trinity Broadcasting Network Inc. (Paul Crouch, president)
FACILITIES: K33DK: Ch. 33, 1.14 kW, ant. -327 ft.; K39GY: Ch. 39, 1.5 kW
AFFILIATION: K33DK: TBN; K39GY: TBN
Combos
WCPA(AM) and WQYX(FM) Clearfield, Pa.
PRICE: $750,000
BUYER: First Media (Alex Kolobielski, president); owns 23 other stations, none in this market
SELLER: Clearfield Broadcasters (Bob Day, president/general manager)
FACILITIES: WCPA(AM): 900 kHz, 3 kW day/500 W night; WQYX(FM): 93.1 MHz, 2 kW, ant. 942 ft.
FORMAT: WCPA(AM): Oldies; WQYX(FM): Hot AC
COMMENT: A non-compete payment is not disclosed.
KWNA(AM) and KWNA(FM) Winnemucca, Nev,
PRICE: $500,000
BUYER: Ely Radio LLC (Fred Weinberg, manager/member); owns one other station, not in this market
SELLER: Sheen Broadcasting Co. (Torrey Sheen, president)
FACILITIES: KWNA(AM): 1400 kHz, 1 kW; KWNA(FM): 92.7 MHz, 470 W, ant. 2,116 ft.
FORMAT: KWNA(AM): Oldies; KWNA(FM): Country
FMs
WPLI(FM) Levittown, P.R.
PRICE: $903,000
BUYER: Family Educational Association Inc. (Aurio Matos Barreto, president); owns no other stations
SELLER: Newlife Broadcasting Inc. (Juan Carlos Matos Barreto, president)
FACILITIES: 88.5 MHz, 100 W, ant. 69 ft.
FORMAT: Spanish/Christian Contemporary
COMMENT: Juan Carlos Matos Barreto and Ana G. Velez Montes' interest in Family Educational Association is sold to Aurio Matos Barreto and Jason Matos Rosario for assumption of a bank debt on the building that houses WPLI studios and offices in Bayamon, P.R., and assumption of a debt with WesternBank
NEW (FM)(CP) McFarland (Bakersfield), Calif.
PRICE: $824,984
BUYER: JAB Broadcasting LLC (Javier Orosco, member/co-manager); owns no other stations
SELLER: JAB Broadcasting LLC (Behzad Noorbehesht, member)
FACILITIES: 104.3 MHz, 6 kW, ant. 328 ft.
FORMAT: CP–NOA
COMMENT: Sara Venegas and Elizabeth Plascencia are each acquiring 33.33% membership interest in JAB Broadcasting for $412,492 each. Orosco will hold the remaining 33.34%.
WPGP(FM) Tafton, Pa.
PRICE: $675,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 162 other stations, none in this market
SELLER: Sound of Life Inc. (Richard Mahon, chairman/president)
FACILITIES: 88.3 MHz, 580 W, ant. 968 ft.
FORMAT: Christian Contemporary
BROKER: George W. Kimble of Kozacko Media Services
KTIB(AM) Thibodaux, La.
PRICE: $650,000
BUYER: Gap Broadcasting LLC (George Laughlin, manager/member); owns no other stations
SELLER: Delta Starr Broadcasting (Michael Chiasson, bankruptcy trustee)
FACILITIES: 640 kHz, 5 kW day/1 kW night
FORMAT: Dark
BROKER: TAG Media Consulting
WRIA(FM) Farmington (Peoria), Ill.
PRICE: $600,000
BUYER: Independence Media Holdings LLC (David Jacobs, president/CEO); owns five other stations, including WPIA(FM), WWCT(FM) and WXMP(FM) Peoria
SELLER: AAA Entertainment (John Maguire, president/CEO)
FACILITIES: 96.5 MHz, 4 kW, ant. 377 ft.
FORMAT: CHR/Top40
BROKER: Bob Maccini of Media Services Group
AMs
KAAM(AM) Garland (Dallas-Ft. Worth), Texas
PRICE: $8 million
BUYER: DJR Broadcasting LLC (Donald Crawford Jr., member); owns two other stations, neither in this market
SELLER: Crawford Broadcasting Co. (Donald Crawford, president)
FACILITIES: 770 kHz, 10 kW day/1 kW night
FORMAT: Adult Standards/Nostalgia
KXOL(AM) Brigham City, Utah
PRICE: $1 million
BUYER: Inca Communications Inc. (Nicolas Vicente, president); owns no other stations
SELLER: Simmons Media Group Inc. (G. Craig Hanson, president)
FACILITIES: 1660 kHz, 10 kW day/1 kW night
FORMAT: Oldies
COMMENT: Buyer will operate the station via a $5,000 per month LMA until closing.
KTON(AM) Belton (Killeen-Temple), Texas
PRICE: $900,000
BUYER: Hereford Agri-Fuels Inc. (Jerome Friemel, president); owns one other station, not in this market
SELLER: M&M Broadcasters Ltd (Gary Moss, president)
FACILITIES: 940 kHz, 1 kW day/5 W night
FORMAT: Country
BROKER: MyMediaBroker.com
COMMENT: Buyer will pay additional 3% of price if it sells station to a third party and does not retain at least 51%.
WNNG(AM) Warner Robins (Macon), Ga.
PRICE: $650,000
BUYER: Staton Broadcasting Inc. (Cecil Staton Jr., president/director); owns five other stations, including WQXZ(FM) and WRPG(FM) Macon
SELLER: Chase Broadcasting Inc. (Gordon Van Mol, owner)
FACILITIES: 1350 kHz, 15 kW
FORMAT: Adult Standards
KIUL(AM) Garden City and KFLA(AM) Scott City, Kan.
PRICE: $550,000
BUYER: Steckline Communications Inc. (Gregory Steckline, president); owns one other station, not in this market
SELLER: Duane Butt
FACILITIES: KIUL(AM): 1240 kHz, 1 kW; KFLA(AM): 1310 kHz, 500 W day/147 W night
FORMAT: KIUL(AM): News/Talk/Sports; KFLA(AM): Religious Music
WFLN(AM) Arcadia, Fla.
PRICE: $490,000
BUYER: La Raza 1480 Inc. (Oscar Alvarado, president); owns no other stations
SELLER: Integrity Radio of Florida LLC (George Kalman, president)
FACILITIES: 1480 kHz, 1 kW day/131 W night
FORMAT: News/Talk
BROKER: Hadden and Associates
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| Number | Value (000) | Number | Value (000) | |
| 2006 YTD* | 2005 YTD | |||
| BIA FinancialNetworks*As of 10/31/06 |
||||
| Television | 129 | $16,465,353 | 84 | $2,662,439 |
| Radio | 855 | $5,916,970 | 884 | $2,826,868 |
Media Brokers Information provided by:
BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
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