Deals
By BIA Financial Networks -- Broadcasting & Cable, 4/29/2007 8:00:00 PM
TVs
Santa Rosa, Calif.; WKRC(TV) Cincinnati; KVOS(TV) Bellingham, Wash.
Note: Station list includes only those in the top three markets where Clear Channel owns stations.
PRICE: $1.2 billion
BUYER: Providence Equity Partners Inc. (Albert Dobron, managing director)
SELLER: Clear Channel (Donald Perry, president, TV division)
FACILITIES: KFTY(TV): Ch. 50, 302 kW, ant. 3,081 ft.; WKRC(TV): Ch. 12, 316 kW, ant. 1,001 ft.; KVOS(TV): Ch. 12, 234 kW, ant. 2,369 ft.
AFFILIATION: KFTY(TV): Ind.; WKRC(TV): CBS; KVOS(TV): Ind.
COMMENT:Sale includes stations' associated Websites, the Television Operations Center, and Inergize Digital Media, which manages the Television Group's online and wireless initiatives.
KLHO(LP) Oklahoma City
PRICE: $300,000
BUYER: Ortiz Media Group Inc. (Clark Ortiz, president)
SELLER: Aracelis Ortiz Corp. (Aracelis Ortiz, president)
FACILITIES: Ch. 17, 37.1 kW, ant. 427 ft.
AFFILIATION: Ind.
WCKD(LP) Bangor, Maine
PRICE: $50,000
BUYER: Western Family Television (Roger Lonnquist, chairman)
SELLER: Maine Family Broadcasting (James McLeod, president)
FACILITIES: Ch. 30, 33.7 kW, ant. 809 ft.
Combos
KCHA(AM) and KCHA(FM) Charles City, KLKK(FM) Clear Lake (Mason City), KWMT(AM) and KKEZ(FM) Fort Dodge, KXFT(FM)(CP) Manson, KGLO(AM) and KIAI(FM) Mason City, KCZE(FM) New Hampton, KSMA(FM) Osage (Mason City), Iowa; KYSM(AM) and KYSM(FM) Mankato, KXLP(FM) New Ulm (Mankato-New Ulm-St. Peter), Minn.
PRICE: $25 million
BUYER: Three Eagles Communications Inc. (Gary Buchanan, president/COO); owns 41 other stations, including KRIB(AM), KAUS(FM), KLSS(FM) and KYTC(FM) Mason City and KRBI(AM), KEEZ(FM) and KQYK(FM) Mankato-New Ulm-St. Peter
SELLER: Clear Channel (John Hogan, CEO, radio)
FACILITIES: KCHA(AM): 1580 kHz, 500 W day/10 W night; KCHA(FM): 95.9 MHz, 6 kW, ant. 299 ft.; KLKK(FM): 103.7 MHz, 25 kW, ant. 187 ft.; KWMT(AM): 540 kHz, 5 kW day/170 W night; KKEZ(FM): 94.5 MHz, 100 kW, ant. 600 ft.; KXFT(FM): 99.7 MHz, 25 kW, ant. 285 ft.; KGLO(AM): 1300 kHz, 5 kW; KIAI(FM): 93.9 MHz, 100 kW, ant. 791 ft.; KCZE(FM): 95.1 MHz, 6 kW, ant. 338 ft.; KSMA(FM): 98.7 MHz, 25 kW, ant. 328 ft.; KYSM(AM): 1230 kHz, 1 kW; KYSM(FM): 103.5 MHz, 100 kW, ant. 541 ft.; KXLP(FM): 93.1 MHz, 100 kW, ant. 489 ft.
FORMAT: KCHA(AM): Adult Standard; KCHA(FM): Soft Rock; KLKK(FM): Classic Rock; KWMT(AM): Country; KKEZ(FM): Rock AC; KXFT(FM): CP–NOA; KGLO(AM): Full Service; KIAI(FM): Country; KCZE(FM): Country; KSMA(FM): CHR; KYSM(AM): Sports/Talk; KYSM(FM): Country; KXLP(FM): Classic Rock
BROKER: Kalil and Co. Inc.
WXAJ(FM) Hillsboro, WFMB(AM) and WFMB(FM) Springfield, WCVS(FM) Virden, Ill.
PRICE: $11.8 million
BUYER:Neuhoff Communications Inc. (Geoffrey Neuhoff, executive VP); owns three other stations, none in this market
SELLER: Clear Channel (John Hogan, CEO, radio)
FACILITIES: WXAJ(FM): 99.7 MHz, 50 kW, ant. 492 ft.; WFMB(AM): 1450 kHz, 1 kW; WFMB(FM): 104.5 MHz, 43 kW, ant. 430 ft.; WCVS(FM): 96.7 MHz, 6 kW, ant. 328 ft.
FORMAT: WXAJ(FM): CHR; WFMB(AM): Sports; WFMB(FM): Country; WCVS(FM): Classic Rock
BROKER: Kalil and Co. Inc.
KCHA(AM) and KCHA(FM) Charles City, KLKK(FM) Clear Lake (Mason City), KCZE(FM) New Hampton, KSMA(FM) Osage (Mason City), Iowa
PRICE: $1.73 million
BUYER: Fife Communication Co. LLC (James Coloff, president); owns five other stations, none in this market
SELLER: Three Eagles Communications Inc. (Gary Buchanan, president/COO)
FACILITIES:KCHA(AM): 1580 kHz, 500 W day/10 W night; KCHA(FM): 95.9 MHz, 6 kW, ant. 299 ft.; KLKK(FM): 103.7 MHz, 25 kW, ant. 187 ft.; KCZE(FM): 95.1 MHz, 6 kW, ant. 338 ft.; KSMA(FM): 98.7 MHz, 25 kW, ant. 328 ft.
FORMAT: KCHA(AM): Adult Standard; KCHA(FM): Soft Rock; KLKK(FM): Classic Rock; KCZE(FM): Country; KSMA(FM): CHR
FMs
KXLP(FM) NEW ULM (MANKATO-NEW ULM-ST. PETER), MINN.
PRICE: $3.13 million
BUYER:Linder Broadcasting Group (John Linder, president); owns nine other stations, including KTOE(AM), KDOG(FM) and KXAC(FM) Mankato-New Ulm-St. Peter
SELLER: Three Eagles Communications Inc. (Gary Buchanan, president/COO)
FACILITIES: 93.1 MHz, 100 kW, ant. 489 ft.
FORMAT: Classic Rock
COMMENT: Three Eagles is selling KXLP(FM) after purchase of nine stations and a CP in Iowa and three stations in Minnesota from Clear Channel.
Information provided by:
BIA Financial Networks' Media Access Pro, Chantilly, Va. www.bia.com 703-818-2425
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| Source: BIA Financial Networks *As of 4/24/07 |
||||
| Number | Value (000) | Number | Value (000) | |
| Television | 75 | $2,076,985 | 180 | $18,127,686 |
| Radio | 394 | $422,811 | 2,121 | $22,876,337 |
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