Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 5/4/2003 8:00:00 PM
Combos
KABI-AM and KSAJ-FM Abilene, KBLS-FM North Fort Riley, KSAL-AM, KYEZ-FM and KZBZ-FM Salina, Kan.
PRICE: $9.2 million
BUYER: MCC Radio LLC (Michael D. Osterhout, president); owns 27 other stations, none in this market
SELLER: EBC Inc. (John Vanier, president)
FACILITIES: KABI-AM: 1560 kHz, 250 W day; KSAJ-FM: 98.5 MHz, 100 kW, ant. 440 ft.; KBLS-FM: 102.5 MHz, 100 kW, ant. 492 ft.; KSAL-AM: 1150 kHz, 5 kW; KYEZ-FM: 93.7 MHz, 100 kW, ant. 509 ft.; KZBZ-FM: 104.9 MHz, 14 kW, ant. 440 ft.
FORMAT: KABI-AM: Nostalgia; KSAJ-FM: Oldies; KBLS-FM: AC; KSAL-AM: News/Talk/Sports; KYEZ-FM: Country; KZBZ-FM: Hot AC
KHJR-FM Gooding (Boise) and KMHI-AM and KTPZ-FM Mountain Home (Boise), Idaho
PRICE: $3.8 million
BUYER: American General Media (L. Roger Brandon, vice president); owns 33 other stations, none in this market
SELLER: Horizon Broadcasting Group LLC (William Ackerley, CEO)
FACILITIES: KHJR-FM: 100.7 MHz, 80 kW, ant. 2,192 ft.; KMHI-AM: 1240 kHz, 1 kW; KTPZ-FM: 99.1 MHz, 80 kW, ant. 2,192 ft.
FORMAT: KHJR-FM:'70s Oldies; KMHI-AM: Classic Hits/Country; KTPZ-FM: '80s Hits
KBDN-FM Bandon, KWRO-AM and KSHR-FM Coquille and KJMX-FM Reedsport, Ore.
PRICE: $1.5 million
BUYER: Bi-Coastal Media LLC (Mike Wilson, president); owns 15 other stations, none in this market
SELLER: Coquille River Broadcasting (Connie Williamson, general manager)
FACILITIES: KBDN-FM: 96.5 MHz, 2 kW, ant. 1,296 ft.; KWRO-AM: 630 kHz, 5 kW day/46 W night; KSHR-FM: 97.3 MHz, 6 kW, ant. 856 ft.; KJMX-FM: 99.5 MHz, 11 kW, ant. 400 ft.
FORMAT: KBDN-FM: Classic Rock; KWRO-AM: News/Talk; KSHR-FM: Country; KJMX-FM: AC
KSZL-AM, KDUC-FM and KXXZ-FM Barstow and KDUQ-FM Ludlow (Victor Valley), Calif.
PRICE: $1.08 million
BUYER: Dos Costas Communications Corp (Roland A. Ullola, president); no other broadcast interests
SELLER: Tele-Media Broadcasting Co. (Ira Rosenblatt, VP/COO, Radio)
FACILITIES: KSZL-AM: 1230 kHz, 1 kW; KDUC-FM: 94.3 MHz, 5 kW, ant. 784 ft.; KXXZ-FM: 95.9 MHz, 9 kW, ant. 486 ft.; KDUQ-FM: 102.5 MHz, 6 kW, ant. –164 ft.
FORMAT: KSZL-AM: Nostalgia; KDUC-FM: '70s Oldies; KXXZ-FM: Oldies; KDUQ-FM: '70s Oldies
KBBR-AM, KACW-FM and KOOS-FM North Bend, Ore.
PRICE: $1 million
BUYER: Bi-Coastal Media LLC (Mike Wilson, president); owns 16 other stations, none in this market
SELLER: New Northwest Broadcasters (Pete Benedetti, president/CEO)
FACILITIES: KBBR-AM: 1340 kHz, 1 kW; KACW-FM: 107.3 MHz, 51 kW, ant. 692 ft.; KOOS-FM: 94.9 MHz, 89 kW, ant. 627 ft.
FORMAT: KBBR-AM: Talk/News/ Sports; KACW-FM: Hot AC; KOOS-FM: Country
FMs
WXPK-FM (previously WYNY-FM) Briarcliff Manor (Westchester), N.Y.
PRICE: $20.3 million
BUYER: Pamal Broadcasting Ltd. (James Morrell, chairman/CEO); owns 29 other stations, including WHUD-FM Westchester
SELLER: Nassau Broadcasting Partners LP (Louis Mercatanti Jr., president/chairman)
FACILITIES: 107.1 MHz, 2 kW, ant. 591 ft.
FORMAT: CHR
BROKER: Glenn Serafin of Serafin Brothers Inc.
WZMJ-FM Batesburg and WHXT-FM Orangeburg (Columbia), S.C.
PRICE: $11.1 million
BUYER: Inner City Broadcasting Corp. (Pierre Sutton, CEO); owns 17 other stations, including WOIC-AM, WARQ-FM, WMFX-FM and WWDM-FM Columbia
SELLER: Rainbow Radio LLC (John Broomfield, managing member)
FACILITIES: WZMJ-FM: 93.1 MHz, 2 kW, ant. 561 ft.; WHXT-FM: 103.9 MHz, 9 kW, ant. 532 ft.
FORMAT: WZMJ-FM: Beach/ R&B; WHXT-FM: Urban
AMs
KMUZ(AM) Gresham (Portland), Ore.
PRICE: $1.13 million
BUYER: Bustos Media Holdings LLC (Amador S. Bustos, president); owns one other station
SELLER: Pacific Northwest Broadcasting Corp. (Cshea Walker, general manager)
FACILITIES: 1230 kHz, 920 W
FORMAT: Spanish
| Station Deals Year-to-Date* | ||||
|---|---|---|---|---|
| 2003 | 2002 | |||
| Number | Value (million) | Number | Value (million) | |
| Source: BIA Financial Networks *Through April 30 |
||||
| Television | 10 | $454,306 | 39 | $1,401,607 |
| Radio | 294 | $935,637 | 817 | $5,400,236 |
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
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