Deals
By BIA Financial Networks -- Broadcasting & Cable, 1/6/2008 7:00:00 PM
In this story:
TV
RADIO
Information provided by:
TV
WBRC/Birmingham, Ala.; KDVR/Denver, Colo.; WDAF/Kansas City, KTVI/St. Louis, Mo.; WGHP/High Point, N.C.; WJW/Cleveland, Ohio; KSTU/Salt Lake City, Utah; WITI-TV/Milwaukee, Wis.
PRICE: $1.1 billion
BUYER: Local TV LLC (Bobby Lawrence, CEO)
SELLER: Fox Television Broadcasting Inc (Roger Ailes, chairman)
FACILITIES: WBRC: Ch. 6, 100 kW, ant. 1,378 ft.; KDVR: Ch. 31, 5,000 kW, ant. 1,040 ft.; WDAF: Ch. 4, 100 kW, ant. 1,063 ft.; KTVI: Ch. 2, 100 kW, ant. 1,089 ft.; WGHP: Ch. 8, 300 kW, ant. 1,306 ft.; WJW: Ch. 8, 236 kW, ant. 1,093 ft.; KSTU: Ch. 13, 112 kW, ant. 3,662 ft.; WITI: Ch. 6, 100 kW, ant. 1,001 ft.
AFFILIATION: Fox
COMMENT: Fox Television Stations sold to Oak Hill Capital Partners for about $1.1 billion in cash. The stations will be jointly managed by Local TV LLC.
KUQI/Corpus Christi, Texas
PRICE: $6.6 million
TERMS: Note
BUYER: High Maintenance Broadcasting LLC (Lauryn Hoffmann, managing member)
SELLER: Minority Media TV 38 LLC (Lee Shubert, receiver)
FACILITIES: Ch. 38, 1,000 kW, ant. 918 ft.
COMMENT: $6.3 million note plus $300,000 escrow.
WTBL-LP/Lenoir, N.C.
PRICE: $200,000
BUYER: Catawba Broadcasting LLC (Andrew Marriott, member)
SELLER: Sound Media Inc. (Robert Flanigan, president)
FACILITIES: Ch. 49, 38.3 kW, ant. 275 ft.
AFFILIATION: Ind.
COMMENT: $200,000 cash at closing; $20,000 escrow.
RADIO
WVZA-FM/Herrin, WDDD-FM/Johnston City, WTAO-FM/Murphysboro, WFRX-AM & WQUL-FM/West Frankfort (Marion-Carbondale), Ill.
PRICE: $4 million
TERMS: Asset sale for cash
BUYER: Withers Broadcasting Co (Russell Withers, Jr., president); owns 27 other stations, none in this market
SELLER: Clear Channel (John Hogan, CEO/radio)
FACILITIES: WVZA-FM: 92.7 MHz, 25 kW, ant. 328 ft.; WDDD-FM: 107.3 MHz, 50 kW, ant. 492 ft.; WTAO-FM: 105.1 MHz, 25 kW, ant. 308 ft.; WFRX-AM: 1300 kHz, 1 kW day/60 W night; WQUL-FM: 97.7 MHz, 4 kW, ant. 433 ft.
FORMAT: WVZA-FM: CHR; WDDD-FM: Country; WTAO-FM: Rock; WFRX-AM: Adlt Stndrd; WQUL-FM: Clsc Rock
BROKER: Kalil & Co., Inc.
COMMENT: Payable in cash at closing with a 10% escrow deposit. Upon consummation of the deal, the buyer will enter into a LMA relative to WDDD-AM/Johnston City.
KNRJ-FM/Payson (Phoenix), Ariz.
PRICE: $3 million
TERMS: Asset sale for cash
BUYER: Independence Media Holdings LLC (David Jacobs, president/CEO); owns six other stations, none in this market
SELLER: Sierra H Broadcasting Inc. (Jayson Brentlinger, president)
FACILITIES: 101.1 MHz, 82 kW, ant. 1,070 ft.
FORMAT: Dance/CHR
KJDX-FM/Pollock Pines, Calif.
PRICE: $2.75 million
TERMS: Asset sale for cash
BUYER: Clear Channel (John Hogan, CEO/radio); owns 632 other stations, none in this market
SELLER: Sierra Broadcasting Corp (Rodney Chambers, president/GM)
FACILITIES: 93.3 MHz, 2 kW, ant. 574 ft.
FORMAT: Country
BROKER: The Exline Co.
COMMENT: Sierra Broadcasting Corporation's KJDX-FM/Pollock Pines, CA to Clear Channel's CC Licenses for $2.75 million, payable in cash at closing; $137,000 escrow deposit.
KFSE-FM(CP)/Kasilof, KWHQ-FM/Kenai, KSLD-AM, KSRM-AM & KKIS-FM/Soldotna, Alaska
PRICE: $2.2 million
TERMS: Cash, note & loan assumption
BUYER: Blayde Communications Inc (Cherie Curry, president); owns no other stations
SELLER: KSRM Inc (John Davis, president/CEO)
FACILITIES: KFSE-FM: 106.9 MHz, 8 kW, ant. 203 ft.; KWHQ-FM: 100.1 MHz, 25 kW, ant. 190 ft.; KSLD-AM: 1140 kHz, 10 kW day/night; KSRM-AM: 920 kHz, 5 kW day/night; KKIS-FM: 96.5 MHz, 10 kW, ant. 259 ft.
FORMAT: KFSE-FM: Adult Hits; KWHQ-FM: Country; KSLD-AM: Clsc Rock; KSRM-AM: AC/Talk; KKIS-FM: Adult Hits
COMMENT: Payable with a $20,000 escrow deposit plus $420,000 promissory note, plus $300,000 seller carry-back note, plus $670,000 to payoff seller's loan to Wells Fargo bank, plus $36,000 to payoff loan to Landmark Lease Co., plus $9,000 to payoff loan to Ford Motor Credit, plus assumption of $197,000 seller's obligation under seller's note payable to Northern Radio, plus the balance, payable in cash at closing.
Information provided by:
BIA Financial Networks' Media Access Pro
Chantilly, Va. www.bia.com 703-818-2425
No related content found.
-
No Top Articles
Featured Company
-
Digital Rapids
Digital Rapids provides market-leading software and hardware solutions, technology and expertise for transforming live and on-demand video to reach wider audiences on the latest viewing platforms more efficiently, more effectively and more profitably. Empowering applications from..more
VIEW ALL GALLERIES
