Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 6/30/2002 8:00:00 PM
TVs
KSBY-TV San Luis Obispo, K59CD Santa Barbara, Calif.
Price: $39.5 million
Buyer: New Vision Group Inc. (Jason Elkin, president)
Seller: SJL Communications LP (George Lilly, president)
Facilities: KSBY-TV: ch. 6, 100 kW, ant. 1,782 ft.; K59CD: ch. 59, 1.18 kW
Affiliation: KSBY-TV: NBC; K59CD: NBC
Combos
KIIC-FM Lamoni, KLRX-FM Madrid and KJJC-FM Osceola (Des Moines), Iowa
Price: $2.2 million
Buyer: Continental Radio Broadcasting LLC (David F. Peschau, president); owns one other station, not in this market
Seller: Lifestyle Communications Corp Receivership (Thomas H. Burke, receiver)
Facilities: KIIC-FM: 97.9 MHz, 5 kW, ant. 492 ft.; KLRX-FM: 96.1 MHz, 3 kW, ant. 515 ft.; KJJC-FM: 107.1 MHz, 27 kW, ant. 650 ft.
Format: KIIC-FM: Country; KLRX-FM: Classic Hits; KJJC-FM: Sports
WNBI(AM) and WCQM-FM Park Falls, Wis.
Price: $850,000
Buyer: Midwest Radio Network LLC (Thomas L. Bookey, chairman/CEO); owns five other stations, none in this market
Seller: Nicolet Broadcasting Inc. (Roger L. Utnehmer, president)
Facilities: WNBI(AM): 980 kHz, 1 kW day/105 W night; WCQM-FM: 98.3 MHz, 100 kW, ant. 495 ft.
Format: WNBI(AM): Sports/Talk; WCQM-FM: Country
FMs
KVCQ-FM Cuero and KBAE-FM Llano, Texas
Price: $3 million
Buyer: Hispanic Broadcasting Corp. (McHenry Tichenor Jr., president/ CEO); No. 1 Spanish-language radio group is being acquired by Univision Communications, the No. 1 Spanish-
language TV group
Seller: Sonoma Media (Roy E. Henderson, president)
Facilities: KVCQ-FM: 97.7 MHz, 25 kW, ant. 302 ft.; KBAE-FM: 96.3 MHz, 3 kW, ant. 459 ft.
Format: KVCQ-FM: Alternative/ Country; KBAE-FM: Country
Comment: HBC is buying out its remaining interest in these stations. The price will go to $5 million if they are upgraded. If Sonoma Media can find another buyer within three years at a net price of at least $16 million, the deal with HBC can be terminated
WPAL-FM Ridgeville (Charleston), S.C.
Price: $850,000
Buyer: Caswell Communications Inc. (Judith Aidoo, president); also owns WZJY(AM) Charleston
Seller: Gresham Communications Inc. (William P. Saunders, president)
Facilities: 100.9 MHz, 25 kW, ant. 328 ft.
Format: Urban AC
KCRE-FM Crescent City, Calif.
Price: $692,000
Buyer: Bi-Coastal Media LLC (Kenneth Dennis, president/CEO); owns 11 other stations, including KPOD(AM) Crescent City
Seller: Pollack Broadcasting Co. (William H. Pollack, president)
Facilities: 94.3 MHz, 25 kW, ant. -305 ft.
Format: AC
WSKT-FM Spencer, Ind.
Price: $321,100
Buyer: Mid-America Radio Group (David Keister, president); owns 13 other stations, none in this market
Seller: The Original Company Inc. (Mark Lange, president)
Facilities: 92.7 MHz, 1kW, ant. 479 ft
Format: Country
AMs
WLYN(AM) Lynn (Boston), Mass.
Price: $1.78 million
Buyer: Multicultural Radio Broadcasting Inc. (Arthur Liu, president); owns 30 other stations, none in this market
Seller: The Add Radio Group Inc. (Peter Arpin, president)
Facilities: 1360 kHz, 700 W day/76 W night
Format: Spanish/Religion
WGAF(AM)(CP)/Alachua (Gainesville-Ocala) and WNTF(AM) Bithlo (Orlando), Fla.
Price: $600,000
Buyer: Rama Communications Inc. (Sabeta Persaud, president); owns four other stations, including WOKB(AM) and WTIR(AM) Orlando
Seller: Peoples Network Inc. (Charles E. Harder, president)
Facilities: WGAF(AM): 1090 kHz,
3 kW day/250 W night; WNTF(AM): 1580 kHz, 7 kW day
Format: WGAF(AM): construction permit; WNTF(AM): News/Talk
Broker: Frank Boyle of Frank Boyle and Co.
—Information provided by BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com
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