AMs
By BroadCasting & Cable Staff -- Broadcasting & Cable, 2/4/2001 7:00:00 PM
WROL Boston
Price: $11 million
Buyer: Salem Communications Corp., Camarillo, Calif. (Stuart W. Epperson, chairman; Edward G. Atsinger III, president/43.4% owner); owns/is buying 75 other radio stations, including WEZE(AM) Boston. Stuart Epperson's wife is buying WHRP(AM) Claremont/Norfolk, Va. (see third AM item)
Seller: Carter Broadcasting Corp., Boston (Kenneth R. Carter, president); owns three AMs
Facilities: 950 kHz, 5 kW day, 90 W night
Format: Talk/religion
Broker: John Pierce & Co.
KMET Banning/Newport Beach, Calif.
Price: $7,415,254
Buyer: World Shopping Network, Santa Ana, Calif. (John J. Anton, Martin Bloomenstein, Gary Fox and John Moore, officers); no other broadcast interests
Seller: Delphi Communications Inc., Newport Beach (Robin Bivona, president). Delphi owns 19.25% of buyer
Facilities: 1490 kHz, 1 kW
Format: Sports
WHRP Claremont/Norfolk, Va.
Price: $950,000 cash
Buyer: Chesapeake-Portsmouth Broadcasting Corp., Winston-Salem, N.C. (Nancy A. Epperson, president/owner; Stuart W. Epperson, secretary); owns five other AMs, including WTJZ Newport News/Norfolk and WPMH Portsmouth/ Norfolk. Stuart Epperson is chairman of Salem Communications, which is buying WORL(AM) Boston (see first AM item), and owns 51% of Truth Broadcasting Corp., which owns six North Carolina AMs
Seller: 4M Communications Inc., Richmond, Va. (Charles R. Milkis, president); owns WLEE(AM) Richmond. Milkis owns 25% of China Cat Communications Inc., which owns three Richmond-area AMS and has applied to build AM in Glen Allen, Va.
Facilities: 670 kHz, 20 kW day
Format:Contemporary gospel
WXLN New Albany, Ind.
Price: $600,000
Buyer: Mortenson Broadcasting Co., Lexington, Ky. (Jack Mortenson, president); owns five other AMs and two FMs. Jack Mortenson owns/is buying seven AMs and three FMs
Seller: Cross Country Communications Inc., Clarksville, Ind. (George A. Zarris, president); no other broadcast interests
Facilities: 1570 kHz, 1.5 kW day, 233 W night
Format: Southern gospel
WMJT(AM) Moundsville, W.Va.
Price: $90,000
Buyer: Valley Radio LLC, Wheeling, W.Va. (Richard Mansuetto, managing member); no other broadcast interests
Seller: Praise Family Worship Center, Glen Dale, W.Va. (Michael Dunn, pastor); no other broadcast interests
Facilities: 1370 kHz, 5 kW day, 20 W night
Format: News/talk
WVVW St. Marys, W.Va.
Price: $25,000
Buyer: JAWCO Inc., Marietta, Ohio (John A. Wharff III, president/owner); owns WMOA(AM ) Marietta and WJAW(FM ) McConnelsville/Marietta, Ohio
Seller: Seven Ranges Radio Co. Inc., St. Marys (D. Robert Eddy, president); no other broadcast interests
Facilities: 630 kHz, 1 kW day
Format: Religion
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