Changing Hands
Compiled by Elizabeth A. Rathbun -- Broadcasting & Cable, 4/15/2001 8:00:00 PM
TVs
WJAL-TV-DT Hagerstown, Md./ Washington
Price: $10.7 million (includes $400,000 bridge loan)
Buyer: Entravision Communications Corp., Santa Monica, Calif. (Walter F. Ulloa, chairman/10.6% owner; Philip C. Wilkinson, president/10.6% owner; Univision Communications Inc., 26.25% owner); owns/is buying 19 other TVs and 58 radios. Entravision also owns WMDO-LP Washington and has nonattributable interest in attributable shareholder of buyer of WTMW(TV) Arlington, Va./Washington
Seller: Good Companion Broadcasting, Chambersburg, Pa. (Meredith S. "Buddy" Merrick, VP); no other broadcast interests
Facilities: Ch. 68, 4,000 kW visual, 400 kW aural, ant. 1,335 ft.
Affiliation : Ind.
Broker: Media Services Group Inc. (seller)
Combos
WJMS(AM)-WIMI(FM) Ironwood, Mich., and WJMT(AM)-WMZK(FM) Merrill, Wis.
Price: $3 million (for stock)
Buyer: Badger Communications LLC (David Winters, principal); owns WAGN(AM)-WHYB(FM) Menominee, Mich., and WMAM(AM)-WLST(FM) Marinette and WSFQ(FM) Peshtigo/Marinette, Wis.
Seller: Roberts Broadcasting Inc. (W. Donald Roberts Jr., trustee); no other broadcast interests
Facilities: WJMS: 590 kHz, 5 kW day, 1 kW night; WIMI: 99.7 MHz, 100 kW, ant. 561 ft.; WJMT: 730 kHz, 1 kW day, 127 W night; WMZK: 104.1 MHz, 24 kW, ant. 617 ft.
Formats : WJMS: country/talk; WIMI: hot AC; WJMT: soft AC/talk, MOR, talk; WMZK: rock
Broker: Kozacko Media Services
FMs
WKVE(FM) (formerly WPXX) Semora, N.C./Danville, Va.
Price: $3.5 million
Buyer: Educational Media Foundation, Sacramento, Calif. (Richard Jenkins, president); owns/is buying 26 other FMs and two AMs
Seller: Southern Entertainment Corp., Virginia Beach, Va. (D.C. Auman, owner); no other broadcast interests
Facilities: 106.7 MHz, 6 kW (to be 50), ant. 328 ft.
Format: Oldies
Broker: Media Services Group Inc. (seller)
KGWY(FM) Gillette, Wyo.
Price: $1.9 million
Buyer: Legend Communications LLC (Larry and Susan Patrick, principals); owns/is buying 10 radios, including six in Wyoming; is building two Wyoming FMs
Seller: Quality Communications Inc., Gillette (Howard Stern, president); no other broadcast interests
Facilities: 100.7 MHz, 100 kW, ant. 635 ft.
Format: Country
Broker: Patrick Communications
Station Trades
By dollar volume and number of sales; does not include mergers or acquisitions involving substantial non-station assets
THIS WEEK
TV/Radio - $0 - 0
TVs - $10,700,000 - 1
Combos - $3,000,000 - 1
FMs - $5,400,000 - 2
AMs - $0 - 0
Total - $19,100,000 - 4
SO FAR IN 2001
TV/Radio - $200,000,000 - 1
TVs - $370,540,000 - 13
Combos - $2,415,265,82 - 33
FMs - $109,947,900 - 72
AMs - $66,344,811 - 45
Total - $3,162,098,53 - 164
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