Deals
By BIA Financial Networks -- Broadcasting & Cable, 9/28/2008 8:00:00 PM
TV
KREN-LP/Susanville, Calif.; KNNC-LP/Battle Mountain, KBVG-LP/Elko, KAZR-CA & KREN-TV/Reno and KPMP-LP/Winnemucca, Nev.
PRICE: $4 million
BUYER: Entravision Communications (Walter Ulloa, CEO)
SELLER: Pappas Telecasting Cos., Debtor in Possession (E. Roger Williams, trustee)
FACILITIES: KREN-LP: Ch. 29, 8 kW, ant. 1,189 ft.; KNNC-LP: Ch. 3, 3 kW, ant. 1,887 ft.; KBVG-LP: Ch. 43, 12.4 kW, ant. 974 ft.; KAZR-CA: Ch. 46, 10.9 kW, ant. 2,920 ft.; KREN-TV: Ch.27, 2,600 kW, ant. 2,933 ft.; KPMP-LP: Ch. 43, 33.9 kW
AFFILIATION: KREN-LP: CW; KNNC-LP: Ind.; KAZR-CA: TuV; KREN-TV: CW; KPMP-LP: Ind.
W26DF/Alpena, Mich.
PRICE: $15,000
BUYER: Confesora Peralta
SELLER: US Interactive LLC (Dean Mosely, CEO)
FACILITIES: Ch. 26, 5 kW, ant. 141 ft.
COMMENT: Cash at closing.
K52AC/Mercury & K44AA/Pahrump, Nev.
PRICE: $1
BUYER: Sunbelt Communications (Ralph Toddre, president/COO)
SELLER: Crown Castle Nevada LLC (Mark Schrott, VP/property management)
FACILITIES: K52AC: Ch. 52, 2.43 kW, ant. 2,287 ft.; K44AA: Ch. 44, 7.12 kW
AFFILIATION: K52AC: NBC; K44AA: NBC
RADIO
KVIB-FM/Sun City West (Phoenix), Ariz.
PRICE: $15 million
TERMS: Asset sale for cash
BUYER: Liberman Broadcasting (Lenard Liberman, exec VP); owns 23 other stations, none in this market
SELLER: Sun City Communications LLC (Michael Cutchall, president)
FACILITIES: 95.1 MHz, 41 kW, ant. 2,786 ft.
FORMAT: Spanish AC
BROKER: Kalil & Co., Inc.
WAWL-FM/Red Bank (Chattanooga), Tenn.
PRICE: $1.5 million
TERMS: Asset sale for cash
BUYER: Family Life Communications (Randy Carlson, president); owns 19 other stations, none in this market
SELLER: Chattanooga State Technical Community College (James Catanzaro, president)
FACILITIES: 91.5 MHz, 11 kW, ant. 328 ft.
FORMAT: Alternative
BROKER: Greg Guy of Patrick Communications
COMMENT: Payable in cash at closing; $50K escrow deposit.
KVOU-AM, KVOU-FM & KUVA-FM/Uvalde, Texas
PRICE: $1.2 million
TERMS: Asset sale
BUYER: StarCall Broadcasting LLC (Randi Markowitz, general manager); owns no other stations
SELLER: Rhattigan Broadcasting LLC (Michael Rhattigan, president)
FACILITIES: KVOU-AM: 1400 kHz, 1 kW day/night; KVOU-FM: 104.9 MHz, 25 kW, ant. 272 ft.; KUVA-FM: 102.3 MHz, 4 kW, ant. 217 ft.
FORMAT: KVOU-AM: Oldies; KVOU-FM: Country; KUVA-FM: Tejano/News
BROKER: Bill Whitley of Media Services Group
WROG-FM/Chambersburg (Hagerstown-Chambersburg-Waynesboro), Pa.
PRICE: $875,000
TERMS: Asset sale for cash
BUYER: WITF Inc. (Kathleen Pavelko, president/CEO); owns one other station, none in this market
SELLER: Broadcast Communications Inc. (Robert Stevens, president/treasurer)
FACILITIES: 93.3 MHz, 350 W, ant. 1,352 ft.
FORMAT: Country
COMMENT: Payable in cash at closing.
KYMN-AM/Northfield, Minn.
PRICE: $290,000
TERMS: Asset sale for cash
BUYER: Northfield Media (Jeff Johnson, president); owns no other stations
SELLER: Ingstad Brothers Broadcasting (Thomas Ingstad, member)
FACILITIES: 1080 kHz, 1 kW day/11 W night
FORMAT: AC/News/Talk
COMMENT: $25K deposit plus $265K cash at closing.
KYTM-FM(CP)/Corrigan, Texas
PRICE: $265,000
TERMS: Asset sale for note
BUYER: Family Worship Center Church (Jimmy Swaggart, president/director); owns 21 other stations, none in this market
SELLER: Tammy L. Pearce
FACILITIES: 99.3 MHz, 6 kW, ant. 282 ft.
FORMAT: CP-NOA
COMMENT: $265K promissory note.
KAYF-FM/Bayfield, Colo.
PRICE: $250,000
TERMS: Asset sale for cash
BUYER: Winton Road Broadcasting Co. LLC (Anthony Brandon, member); owns seven other stations, none in this market
SELLER: College Creek Media LLC (Neal Robinson, president)
FACILITIES: 92.5 MHz, 100 W, ant. -272 ft.
FORMAT: Variety
BROKER: Barry King
COMMENT: $250K payable to Seller's lender, HBK Capital Management, in cash at closing; $12.5K escrow deposit.
Information provided by:
BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
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