FMs
By BroadCasting & Cable Staff -- Broadcasting & Cable, 11/5/2000 7:00:00 PM
WVVR(FM) Hopkinsville, Ky./ Clarksville, Tenn.
Price: $7 million (includes $1 million of buyer's stock)
Buyer: Saga Communications Inc., Grosse Pointe Farms, Mich. (Edward K. Christian, president/11.5% owner); owns/is buying three TVs, 34 other FMsand 21 AMs, includingwdxn(am) Clarksville, wabd(am)-wcvq(fm) Fort Campbell, Ky./ Hopkinsville/Clarksville and construction permit to build FM in Hopkinsville/ Clarksville (Changing Hands, Oct. 30); has time brokerage agreement with kvct(tbv) Victoria, Texas
Seller: WRUS Inc., Augusta, Ga. (Donald J. Alt and Kerby E. Confer, each 35% owners). Alt and Confer own/are buying/ have interest in 32 FMs and 18 AMs
Facilities: 100.3 MHz, 100 kW, ant. 1,000 ft.
Format: Country
WXQL(FM) Baldwin/Jacksonville, Fla.
Price: $1.5 million
Buyer: Tama Group Ltd., Daytona Beach, Fla. (Charles W. Cherry II and Glenn W. Cherry, both members/managers); owns WPUL(AM) Daytona Beach and WTMP(AM) Tampa, Fla., and WHYZ(AM) Greenville, S.C.
Seller: Peaches Broadcasting Ltd., Detroit (Lawrence P. Doss, president); no other broadcast interests
Facilities: 105.7 MHz, 6 kW, ant. 328 ft.
Format: Beautiful music
Broker: Minority Media and Telecommunications Council
KROR(FM) Hastings, Neb.
Price: $750,000
Buyer: Eternal Broadcasting LLC, Lincoln, Neb. (Dean Sorenson, president/51% owner). Sorenson owns 70% of Sorenson Broadcasting Corp., which owns 10 FMs and seven AMs, none in Nebraska. Note: Some operating capital for kror will be provided by market competitor Waitt Radio Inc.
Seller: Three Eagles Communications Inc., Lincoln (Rolland C. Johnson, chairman/18% owner); owns/is buying 21 FMs and 11 AMs. Johnson and wife, Paula A., co-own KVRH-AM-FM Salida, Colo.
Facilities: 101.5 MHz, 50 kW, ant. 265 ft.
Format: Classic rock
KMSR(FM) Sauk Centre, Minn.
Price: $700,000
Buyer: BDI Broadcasting Inc., Bemidji, Minn. (Louis H. Buron Jr., president/ owner); owns KIKV-FM Alexandria and KBPQ(FM) Nisswa, Minn. Buron also owns four FMs and one AM and 75% of another two FMs, all in Minnesota
Seller: Main Street Broadcasting Inc., Mankato, Minn. (John Linder, president). Linder owns eight FMs and two AMs and 80% of another AM, all in Minnesota. Note: This amends earlier $200,000 deal for kmsr (Changing Hands, Jan. 21)
Facilities: 94.3 MHz, 3 kW, ant. 286 ft.
Format: Dark Construction permit to build FM in Spooner/Shell Lake, Wis. (near Duluth, Minn.)
Price: $439,000
Buyer: Zoe Communications Inc., Shell Lake (co-owners George R. Manus and Michael John Oberg); owns wcsw(am)-wgmo fm Shell Lake
Seller: Betty Lutz, Shell Lake; no other broadcast interests
Facilities: 106.3 MHz
KZBL(FM) Natchitoches, La.
Price: Up to $335,800 (includes up to $10,800 worth of advertising and $10,000 noncompete agreement)
Buyer: Baldridge-Dumas Communications Inc., Many, La. (Tedd W. Dumas, vice president/50% owner); owns kwla(am)-kwlv(fm) Many; is buying KTHP(FM) Hemphill, Texas, and construction permit for new FM in South Fort Polk, La. Note: kzbl earlier was reported sold to Baldridge-Dumas for $400,000 (Changing Hands, June 7, 1999)
Seller: Bundrick Communications Inc., Natchitoches (Hal M. Bundrick, president); no other broadcast interests. Note: Advertising comprises up to $300 per month for three years on kwla-kwlv or kzbl
Facilities: 100.7 MHz, 3 kW, ant. 299 ft.
Format: AC
Broker : Media Services Group Inc. (seller)
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