By BroadCasting & Cable Staff -- Broadcasting & Cable, 12/31/2000 7:00:00 PM
WRBP Warren (near Youngstown), Ohio
Buyer: Salem Communications Corp., Camarillo, Calif. (Stuart W. Epperson, chairman/30% owner; Edward G. Atsinger III, president); owns/is buying 74 other radio stations, including nearby WHLO(AM) Akron and WHK-FM Canton, Ohio
Seller: Star Communications Inc., Solon, Ohio (Arthur Greenberg, principal); no other broadcast interests. Note: Star was to sell station for $800,000 (Changing Hands, July 31, 2000
Facilities: 1440 kHz, 5 kW
WELX Callahan/Jacksonville, Fla.
Price: $450,000 (less than 75% of appraised value; minority distress sale; includes five-year noncompete agreement)
Buyer: P & B Communications Ltd., Bowling Green, Ohio (Jeffrey S. Smith, 25% managing member; Destiny Communications Corp., 75% member [Robert E. Pitts, president/51% owner]). Pitts also has interest in WDMN(AM) Toledo and WXQQ(FM) Wauseon, Ohio
Seller: Circle Broadcastng of America Inc., Coral Springs, Fla. (Nestor C. Miranda, president/55% owner); no other broadcast interests. Note: Miranda is appealing a felony conviction.
Facilities: 1160 kHz, 5 kW day, 250 W night
WHRD Huntington, W.Va.
Buyer: Concord Media Group Inc., Odessa, Fla. (Mark W. Jorgenson, president/owner); owns/is buying seven FMs and seven other AMs. Jorgenson also is buying/has interest in five more AMs and two more FMs
Seller: Simmons Broadcasting Group, Cornelius, N.C. (Lee Simmons, president); owns WGZO(FM) Parris Island, S.C.
Facilities: 1470 kHz, 5 kW day
KLBO Monahans, Texas
Buyer: Sandhills Communication Inc., Odessa, Texas (Rick Anderson, owner); no other broadcast interests
Seller: Harold and Patricia Callaway (spouses), Monahans; no other broadcast interests
Facilities: 1330 kHz, 5 kW day, 1 kW night
WIQR Prattville, Ala.
Buyer: Star Power Communications Corp., Prattville (Greg Meadows, president); no other broadcast interests
Seller: American Trust Corp., Birmingham, Ala. (Earl F. Hilliard, president); no other broadcast interests
Facilities: 1410 kHz, 5 kW day, 1 kW night
WSGI Springfield, Tenn.
Buyer: Lightning Broadcasting LLC, Hot Springs Village, Ark. (Neil W. and Jo A. Peterson, owners/spouses); no other broadcast interests
Seller: F & M Enterprises Inc., Brentwood, Tenn. (Fred Harron, president); no other broadcast interests
Facilities: 1100 kHz, 1 kW day
WLNR Kinston, N.C.
Buyer: Pioneer Broadcasting Inc., Kinston (Todd Bartley, owner). Bartley also has interest in WYLI(AM) Marietta, Ohio
Seller : Conner Media Inc., Statesville, N.C. (Ronald Benfield, president); owns WEGG(AM)-WBSY(FM) Rose Hill, N.C., and 51% of WSTK(AM) Jacksonville, N.C.; is building WBHU(FM) Bayboro, N.C. Note: Conner Media had planned to sell WLNR for $250,000 (Changing Hands, July 26, 1999)
Facilities: 1230 kHz, 1 kW
Format: Adult standards WMCJ Moncks Corner, S.C.
Buyer: Kirkman Broadcasting Inc., Charleston, S.C. (Guilford M. Kirkland Jr., president); owns WQSC(AM) and WQNT(AM) in nearby Charleston
Seller: Berkeley Broadcasting Corp., Moncks Corner (Clary K. Butler, principal); no other broadcast interests
Facilities: 950 kHz, 500 W day, 135 W night
KCMC Texarkana, Texas
Buyer: Ark-La-Tex LLC, Texarkana (Harold L. Sudbury Jr., 50.1% managing member; Sunbelt Media Inc, 49.9% member [Linda D. Cate, vice president/owner]); owns 11 FMs and seven other AMs; has LMA with KTFS(AM)-KFYX(FM) Texarkana; has CP to build radio in Nashville, Ark.
Seller: Camden News Publishing Inc., Little Rock, Ark. (Walter E. Hussman Jr., principal); owns KTAL-FM Texarkana/Shreveport, La.
Facilities: 740 kHz, 1 kW
WETT Ocean City, Md.
Buyer: Radio Broadcast Communications, Rockville, Md. (William B. Parris III, president); no other broadcast interests
Seller: Michael A. Gureckis, Germantown, Md.; no other broadcast interests
Facilities: 1590 kHz, 1 kW day, 500 W night
WALQ Wilson, N.C.
Buyer: Kingdom Expansion Corp., Wilson (M.K. Smith, director); no other broadcast interests
Seller: Taylor Group Inc., Lihue, Hawaii (James A. Taylor, president); no other broadcast interests
Facilities: 1420 kHz, 1 kW day, 500 W night
The $900,000 sale of WHPO(FM) Hoopeston, Ill., to Market Street Broadcasting LLC was brokered by Buysellradio online (Changing Hands, Dec. 11, 2000).
Media Ventures Partners represented buyer ABC Radio Inc. in the $5 million purchase of WHOO(AM) Orlando, Fla. (Changing Hands, Dec. 18, 2000).
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