Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 3/10/2002 7:00:00 PM
Information provided by BIA Financial Networks' Media Access Pro, Chantilly, Va. www.bia.com
Combos
WSTH-FM Alexander City (Columbus), Ala., and WDAK(AM) Columbus, Ga.
Price: $2.73 million
Buyer: Clear Channel Communications (Randy Michaels, chairman/CEO Radio); owns 1,212 other stations, including WMLF(AM), WPNX(AM), WAGH-FM, WBFA-FM, WGSY-FM and WVRK-FM Columbus
Seller: Solar Broadcasting Co. (Allen Woodall, president)
Facilities: WSTH-FM: 106.1 MHz, 86 kW, ant. 981 ft.; WDAK(AM): 540 kHz, 5 kW day
Formats: WSTH-FM: country; WDAK(AM): sports
FMs
WRMF-FM Palm Beach (W. Palm Beach-Boca Raton), Fla.
Price: $70 million
Buyer: Palm Beach Broadcasting LLC (Michael Cutchall, president) It owns no other stations.
Seller: James Crystal Enterprises (James C. Hilliard, president)
Facilities: 97.9 MHz, 100 kW, ant. 1,348 ft.
Format: AC
WWKQ-FM Kissimmee (Orlando), Fla.
Price: $1.5 million
Buyer: Concillio Mision Cristiano Fuente de Agua Viva Inc (Rodolfo Font, president); owns two other stations, including WKVN(AM) Quebradillas, P.R., but none in this market
Seller: Hispanic Broadcast System (Idalia Arzuaga, president)
Facilities: 89.1 MHz, 1 kW, ant. 535 ft.
Format: Variety
WEGY-FM Pana, Ill.
Price: $950,000
Buyer: Cromwell Group Inc. (Bayard H. Walters, president); owns 18 other stations, including WQZQ(FM) Nashville, Tenn., but none in this market
Seller: Miller Media Group (Randal J. Miller, president)
Facilities: 100.9 MHz, 4 kW, ant. 384 ft.
Format: Country
KUKN-FM Kelso, Wash.
Price: In exchange for KLYK(FM) Longview, Wash., plus $100,000
Buyer: Entercom (David J. Field, president/COO); fifth-ranked group radio operator owns 99 other stations, including eight Boston stations, but none in this market
Seller: Washington Interstate Broadcasting (Joel Hanson, president)
Facilities: 94.5 MHz, 6 kW, ant. 328 ft.
Format: Country
WVGN-FM Charlotte Amalie, Virgin Islands
Price: $290,000.
Buyer: LKK Group Corp. (Keith Bass, president); no other broadcast interests
Seller: Calypso Communications (Robert Miller, general partner)
Facilities: 107.3 MHz, 1 kW, ant. 1,565 ft.
AMs
KBYR(AM) Anchorage, Alaska
Price: $270,000
Buyer: Cobb Communications Inc. (Thomas C. Tierney, president)
Seller: Northern TV Inc. (Jerry Bever, vice president)
Facilities: 700 kHz, 10 kW
Format: Country
KMJC(AM) Mount Shasta and KSYC(AM) Yreka, both Calif.
Price: $300,000
Buyer: JPR Foundation Inc. (Ronald Kramer, executive director)
Seller: Four Rivers Broadcasting Inc. (John Power, president)
Facilities: 620 kHz, 1 kW day
Format: News/talk
KIMB(AM) Kimball, Neb.
Price: $65,000
Buyer: G&L Investments (Gregory R. Steckline, member); no other broadcast interests
Seller: David S. Young
Facilities: 1260 kHz, 1 kW day, 112 W night
Format: Dark
WRKQ(AM) Madisonville, Tenn.
Price: $42,100
Buyer: Sloan Radio Inc. (James Q. Sloan, president); no other broadcast interests
Seller: Monroe Area Broadcasters (James Lee, president)
Facilities: 1250 kHz, 500 W day
Format: Gospel
WIZK(AM) Bay Springs, Miss.
Price: $31,700
Buyer: Jerome Hughey; no other broadcast interests
Seller: Daniel S. Wilson, receiver
Facilities: 1570 kHz, 3 kW
Format: Gospel
WBTN(AM) Bennington, Vt.
Price: None
Buyer: Southern Vermont College (Barbara P. Sirvis, president); no other broadcast interests
Seller: Bennington Broadcasting Ltd. (Bob Howe, president)
Facilities: 1370 kHz, 1 kW day
Format: News/talk/sports
Terms: Howe is donating the station to Southern Vermont College as part of a tax-deductible charitable contribution; station was sold in 1999 for $901,000
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