Deals
By BIA Financial Networks -- Broadcasting & Cable, 5/6/2007 8:00:00 PM
TVs
WTGS(TV) Hardeeville, S.C.
PRICE: $17.5 million
BUYER: Parkin Broadcasting LLC (Todd Parkin, CEO)
SELLER: Bluenose Television Holdings LLC (Steve Brissette, president)
FACILITIES: Ch. 28, 5,000 kW, ant. 1,485 ft.
AFFILIATION: Fox
WJCL(TV) Savannah, Ga.
PRICE: $17.5 million
BUYER: New Vision Group Inc. (Jason Elkin, chairman/CEO)
SELLER: Piedmont Television (Paul Brissette, president/CEO)
FACILITIES: Ch. 22, 3,800 kW, ant. 1,431 ft.
AFFILIATION: ABC
WLTZ(TV) Columbus, Ga.
PRICE: Undisclosed
BUYER: Sagamore Hill Broadcasting (Louis Wall, president/CEO)
SELLER: Lewis Broadcasting (J.C. Lewis III, co-executor)
FACILITIES: Ch. 38, 1,480 kW, ant. 1,309 ft.
AFFILIATION: NBC
K26FO DAGGETT, CALIF.
PRICE: $15,000
BUYER: Obidia Porras
SELLER: Trinity Broadcasting Network Inc. (Paul Crouch, president)
FACILITIES: Ch. 26, 1.07 kW
AFFILIATION: TBN
Combos
WGHN(AM) and WGHN(FM) Grand Haven (Grand Rapids), Mich.
PRICE: $1.65 million
BUYER: WGHN Inc. (Will Tieman, owner/president); owns no other stations
SELLER: WGHN Inc. (William Struyk, owner)
FACILITIES: WGHN(AM): 1370 kHz, 500 W; WGHN(FM): 92.1 MHz, 3 kW, ant. 246 ft.
FORMAT: WGHN(AM): AC; WGHN(FM): AC
BROKER: Susan K. Patrick of Patrick Communications
COMMENT: Tieman is buying the stock of WGHN Inc, from Struyk and Ronald Mass.
WNIX(AM) and WBAQ(FM) Greenville and WIQQ(FM) Leland, Miss.
PRICE: $1 million
BUYER: Debut Broadcasting Inc. (Robert Marquitz, chairman); owns two other stations, neither in this market
SELLER: River Broadcasting Co. Inc. (James Karr Jr., VP)
FACILITIES: WNIX(AM): 1330 kHz, 1 kW day/500 W night; WBAQ(FM): 97.9 MHz, 49 kW, ant. 495 ft.; WIQQ(FM): 102.3 MHz, 2 kW, ant. 440 ft.
FORMAT: WNIX(AM): Oldies; WBAQ(FM): Easy; WIQQ(FM): Hot AC
WRGO(FM) Cedar Key and WYNY(AM) Cross City (Gainesville-Ocala), Fla.
PRICE: $900,000
BUYER: WRGO Radio LLC (Richard Pope, member/manager); owns no other stations
SELLER: Jablamo LLC (Amber Morrell, member)
FACILITIES: WRGO(FM): 102.7 MHz, 13 kW, ant. 459 ft.; WYNY(AM): 1240 kHz, 1 kW
FORMAT: WRGO(FM): Oldies; WYNY(AM): Country
FMs
KXTT(FM)(CP) Maricopa and KEAL(FM) Taft (Bakersfield), Calif.
PRICE: $3.85 million
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 15 other stations, none in this market
SELLER: College Creek Media LLC (Bruce Buzil, manager)
FACILITIES: KXTT(FM): 94.9 MHz, 6 kW, ant. 37 ft.; KEAL(FM): 106.5 MHz, 6 kW, ant. 37 ft.
FORMAT: KXTT(FM): CP–NOA; KEAL(FM): CP–NOA
KNSG(FM) SPRINGFIELD (MANKATO-NEW ULM-ST. PETER), MINN.
PRICE: $500,000
BUYER: Springfield Radio Inc. (Bruce Linder, president); owns no other stations
SELLER: Linder Broadcasting Group (John Linder, president)
FACILITIES: 94.7 MHz, 50 kW, ant. 472 ft.
FORMAT: Classic Hits
AMs
WTMY(AM) Sarasota (Sarasota-Bradenton) and WRXB(AM) St. Petersburg Beach (Tampa-St. Petersburg-Clearwater), Fla.
PRICE: $1.1 million
BUYER: Polnet Communications Ltd (Walter Kotaba, president/treasurer); owns six other stations, none in this market
SELLER: Metropolitan Radio Group (Mark Acker, president)
FACILITIES: WTMY(AM): 1280 kHz, 500 W day/340 W night; WRXB(AM): 1590 kHz, 5 kW day/1 kW night
FORMAT: WTMY(AM): Business News; WRXB(AM): Urban AC
BROKER: John Pierce of John Pierce and Co. LLC
KTXV(AM)(CP) Mabank (Dallas-Ft. Worth), Texas
PRICE: $1 million
BUYER: Bustos Media Enterprises LLC (Amador Bustos, president/CEO); owns 26 other stations, none in this market
SELLER: JNE Investments Inc. (Jeffrey Eustis, president)
FACILITIES: 890 kHz, 20 kW day/250 W night
FORMAT: CP–NOA
WHGM(AM) Savannah, Ga.
PRICE: $300,000
BUYER: MarMac Communications (Gary Marmitt, managing member); owns three other stations, none in this market
SELLER: Gilliam Communications Inc. (H.A. Gilliam Jr., president)
FACILITIES: 1400 kHz, 650 W
FORMAT: Gospel
BROKER: Gordon Rice Associates
| Station Sales Scorecard | ||||
|---|---|---|---|---|
|
Source: BIA Financial Networks *As of 5/1/07
|
||||
| 2007 YTD* | 2006 | |||
| Number | Value (000) | Number | Value (000) | |
| Television | 78 | $2,111,985 | 180 | $18,127,686 |
| Radio | 401 | $565,036 | 2,120 | $22,875,337 |
| Acknowledgements | ||
| Information provided by: | ||
| BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425 | ||
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