Deals
By BIA Financial Networks -- Broadcasting & Cable, 9/7/2008 8:00:00 PM
TV
KSWY-TV/Sheridan, Wyo.
PRICE: Swap
BUYER: Western Family Television (Roger Lonquist, president)
SELLER: Sunbelt Communications/Bozeman Trail Communications (Ralph Toddre, COO)
FACILITIES: Ch. 7, 9 kW, ant. 1144 ft.
AFFILIATION: NBC
COMMENT: Sunbelt/Bozeman is swapping KSWY-TV with Western Family's KJCW-LP. In addition, Sunbelt/Bozeman will pay Western Family $40K cash at closing, including $20K escrow deposit.
KJCW-LP/Sheridan, Wyo.
PRICE: Swap
BUYER: Sunbelt Communications/Bozeman Trail Communications (Ralph Toddre, COO)
SELLER: Western Family Television (Roger Lonquist, president)
FACILITIES: Ch. 29, 8 kW, ant. 1184 ft.
COMMENT: See above.
RADIO
WWWK-FM/Islamorada (The Florida Keys), Fla.
PRICE: $2.3 million
TERMS: Asset sale, cash and note
BUYER: Caribbean Broadcasting Systems (Lilliam Sierra, president); owns no other stations
SELLER: LSM Radio Partners LLC (Ken Barlow, managing member)
FACILITIES: 105.5 MHz, 50 kW, ant. 430 ft.
FORMAT: Spanish
BROKER: CobbCorp LLC
COMMENT: $350K paid, plus $1.25 million cash at closing, plus promissory note.
KBSF-AM & KTKC-FM/Springhill (Shreveport), La.
PRICE: $175,000
TERMS: Asset sale for cash
BUYER: Hunt Broadcasting (Leon Hunt, president); owns four other stations, none in this market
SELLER: Metropolitan Radio Group (Mark Acker, president)
FACILITIES: KBSF-AM: 1460 kHz, 1 kW day/220 W night; KTKC-FM: 92.9 MHz, 40 kW, ant. 548 ft.
FORMAT: KBSF-AM: Black/Gospel; KTKC-FM: Black/Gospel
BROKER: John Pierce & Co.
KOPA-FM/Woodward, Okla.
PRICE: $50,000
TERMS: Asset sale, cash and note
BUYER: Cameron University (Paul Austin, board chairman); owns six other stations, none in this market
SELLER: Shaffer Communications Group/Third Coast JV (Joseph Shaffer, president)
FACILITIES: 95.9 MHz, 6 kW, ant. 328 ft.
FORMAT: Oldies
COMMENT: $25K cash at closing plus $25K note.
KYRQ-FM(CP)/Natalia (San Antonio), Texas
PRICE: $50,000
TERMS: Asset sale for cash
BUYER: St. Jude Broadcasting (Gerald Benavides, director); owns no other stations
SELLER: Community Public Radio (Penny Jackson, president)
FACILITIES: 90.3 MHz, 2 kW, ant. 148 ft.
FORMAT: CP-NOA
NEW-FM(CP)/Macomb, Ill.
PRICE: $33,000
TERMS: Asset sale for cash
BUYER: Tabatha Becker Ministries (Tabatha Becker, CEO); owns no other stations
SELLER: Lighthouse Christian Fellowship (Greg Fadness, president)
FACILITIES: 90.1 MHz, 10 kW, ant. 161 ft.
FORMAT: CP-NOA
COMMENT: Payable in cash at closing; $5K deposit.
NEW-FM(CP)/Reliance, Wyo.
PRICE: $25,000
TERMS: Asset sale for cash
BUYER: Cedar Cove Broadcasting (Victor Michael Jr., president); owns no other stations
SELLER: Basalt of the Earth (Weston McCarron, president)
FACILITIES: 89.3 MHz, 4 kW, ant. -295 ft.
FORMAT: CP-NOA
COMMENT: Payable in cash at closing; $5K deposit.
NEW-FM(CP)/Reliance, Wyo.
PRICE: $24,000
TERMS: Asset sale for cash
BUYER: University of Wyoming (Jon Schwartz, general manager); owns 15 other stations, none in this market
SELLER: California Association for Research & Education (Daniel Steffy, president)
FACILITIES: 88.5 MHz, 4 kW, ant. -295 ft.
FORMAT: CP-NOA
COMMENT: Payable in cash at closing; $4K deposit.
NEW-FM(CP)/Cusseta (Columbus), Ga.
PRICE: $21,000
TERMS: Asset sale for cash
BUYER: Edgewater Broadcasting (Clark Parrish, president); owns no other stations
SELLER: Shredding the Darkness (Bryan Seltzer, director)
FACILITIES: 91.1 MHz, 2 kW, ant. 420 ft.
FORMAT: CP-NOA
COMMENT: Payable in cash at closing; $3K deposit. Additionally, Buyer shall donate $15K of airtime on station or Buyer's network for underwriting announcements by Seller.
WDVL-FM(CP)/Danville (Indianapolis), Ind.
PRICE: $14,952
TERMS: Asset sale for cash
BUYER: Calvary Chapel of Crawfordsville (David Keesee, president); owns no other stations
SELLER: Horizon Christian Fellowship (San Diego) (Michael MacIntosh, president)
FACILITIES: 88.1 MHz, 5 kW, ant. 289 ft.
FORMAT: CP-NOA
Information provided by:
BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
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