Deals
By BIA Financial Networks -- Broadcasting & Cable, 10/26/2008 8:00:00 PM
TV
KWBF (TV)/Little Rock, Ark.
PRICE: $4 million
BUYER: Nexstar Broadcasting Group (Perry Sook, president/CEO)
SELLER: Equity Media Holdings Corp. (Larry Morton, president/CEO)
FACILITIES: Ch. 42, 3,390 kW, ant. 1,096 ft.
AFFILIATION: My
BROKER: Larry Patrick of Patrick Communications
WZXZ-CA/Orlando, Fla.
PRICE: $1.8 million
BUYER: CaribeVision Station Group LLC (Carlos Barba, CEO)
SELLER: L4 Media Group LLC (Mark Mayo, CEO)
FACILITIES: Ch. 36, 23 kW, ant. 577 ft.
AFFILIATION: Ind.
BROKER: Kalil & Co., Inc.
COMMENT: Payable in cash at closing; $126K deposit.
K19FY/Chico, K47EH/Eureka, K27GZ/Mariposa, K15DB/Santa Barbara and K38EE/Twentynine Palms, Calif.; K41JC/Pocatello, Idaho; K39FF/Reno, Nev.; K41IX/Medford. Ore.
PRICE: $170,000
BUYER: Mutual Television Network (Ronald Hodges, president)
SELLER: Trinity Broadcasting Network (Paul Crouch, president)
FACILITIES: K19FY: Ch. 19, 20.5 kW; K47EH: Ch. 47, 14.6 kW; K27GZ: Ch. 38, 2.8 kW, K15DB: Ch. 15, 3.25 kW; K38EE: Ch. 38, 1.2 kW; K41JC: Ch. 41, 16 kW; K39FF: Ch. 39, 89.2 kW; K41IX: Ch. 41, 12.1 kW
AFFILIATION: K19FY: TBN; K47EH: TBN; K27GZ: TBN; K15DB: TBN; K38EE: TBN; K41JC: TBN; K39FF: TBN; K41IX: TBN
COMMENT: $17K deposit plus $153K cash at closing.
RADIO
KNOU-FM/EMPIRE (NEW ORLEANS), LA.
PRICE: $6 million
TERMS: Bankruptcy court order
BUYER: Power Broadcasting LLC (Ricardo Moreno, trustee/sole member); owns no other stations
SELLER: On Top Communications (Bryan Rice, chief restructuring officer)
FACILITIES: 104.5 MHz, 8 kW, ant. 850 ft.
FORMAT: Dark
KUOP-FM/Stockton, Calif.
PRICE: $4.7 million
TERMS: Asset sale for cash
BUYER: California State University (Alexander Gonzalez, president); owns 12 other stations, none in this market
SELLER: University of the Pacific (Patrick Cavanaugh, VP-business/finance)
FACILITIES: 91.3 MHz, 7 kW, ant. 1,221 ft.
FORMAT: News/Talk/Info
BROKER: Public Radio Capital
COMMENT: $4 million payable in cash at closing, including $400K escrow deposit, plus $700K in underwriting credits.
WTUV-FM/Eminence, WLLV-AM, WLOU-AM & WTUV-AM/Louisville, Ky.
PRICE: $3.36 million
TERMS: Asset sale for cash
BUYER: Golden Door Broadcasting LLC (Peter Davidson, president); owns 8 other stations, none in this market
SELLER: Davidson Media Group LLC (Peter Davidson, president)
FACILITIES: WTUV-FM: 105.7 MHz, 3 kW, ant. 328 ft.; WLLV-AM: 1240 kHz, 1 kW day/night; WLOU-AM: 1350 kHz, 2 kW day/500 W night; WTUV-AM: 620 kHz, 500 W day/night
FORMAT: WTUV-FM: Mexican; WLLV-AM: Gospel/Christian; WLOU-AM: Gospel; WTUV-AM: Mexican
COMMENT: A total of 12 stations are being sold by Davidson Media to Golden Door Broadcasting for a total price of $10.024 million, minus the amount of excess payables for all the assets; payable in cash at closing.
WMGG-AM/Largo (Tampa-St. Petersburg-Clearwater), Fla.
PRICE: $3 million
TERMS: Asset sale
BUYER: Genesis Communications (Bruce Maduri, president); owns five other stations, including WHBO-AM & WWBA-AM/Tampa-St. Petersburg-Clearwater
SELLER: Mega Communications Holdings LLC (Adam Lindemann, member)
FACILITIES: 820 kHz, 50 kW day/1 kW night
FORMAT: Spanish/Oldies
WMDB-AM & WNVL-AM/Nashville, Tenn.
PRICE: $2.58 million
TERMS: Asset sale for cash
BUYER: Golden Door Broadcasting LLC (Peter Davidson, president); owns 10 other stations, none in this market
SELLER: Davidson Media Group LLC (Peter Davidson, president)
FACILITIES: WMDB-AM: 880 kHz, 3 kW day/2 W night; WNVL-AM: 1240 kHz, 1 kW day/night
FORMAT: WMDB-AM: Gospel; WNVL-AM: Mexican/Variety
COMMENT: See above.
KTXN-FM/Victoria, Texas
PRICE: $1.15 million
TERMS: Asset sale for cash
BUYER: Gap Broadcasting LLC (George Laughlin, president); owns 62 other stations, including KIXS-FM & KQVT-FM/Victoria, Texas
SELLER: Broadcast Equities Texas (John Tibiletti, president)
FACILITIES: 98.7 MHz, 100 kW, ant. 253 ft.
FORMAT: AAA/Amerc
COMMENT: Payable in cash at closing; $115K escrow deposit.
Information provided by:
BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
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