Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 6/1/2003 8:00:00 PM
Combos
KVON(AM) Napa and KVYN-FM St. Helena (San Francisco), Calif.
PRICE: $3 million
BUYER: Wine Country Broadcasting Co. (Roger O. Walther, president); no other broadcast interests
SELLER: CBM Napa LLC (Charles B. Moss III, president)
FACILITIES: KVON(AM): 1440 kHz, 5 kW day/1 kW night; KVYN-FM: 99.3 MHz, 6 kW, ant. 259 ft.
FORMAT: KVON(AM): News/Talk/ Sports; KVYN-FM: AC
KJHY-FM Emmett and KKIC(AM) Meridian (Boise), Idaho
PRICE: $1.2 million ($1.05 million is for KJHY-FM, the remaining $150,000 for KKIC)
BUYER: First Western Inc. (Steve Summer, president); no other broadcast interests
SELLER: Western Pacific Inc. (John Tanner, president)
FACILITIES: KJHY-FM: 101.9 MHz, 57 kW, ant. 2,533 ft.; KKIC(AM): 950 kHz, 4 kW day/35 W night
FORMAT: KJHY-FM: Spanish/Variety; KKIC(AM): Christian
WNBY(AM) and -FM Newberry, Mich.
PRICE: $400,000
BUYER: Sovereign Communications LLC (William C. Gleich, manager); no other broadcast interests
SELLER: F&W Broadcasting Inc. (Saundra Feutz, president)
FACILITIES: WNBY(AM): 1450 kHz, 1 kW; WNBY-FM: 93.7 MHz, 6 kW, ant. 262 ft.
FORMAT: WNBY(AM): Country; WNBY-FM: AC
FMs
WVIV-FM (formerly WXXY-FM) Highland Park (Chicago), Ill.
PRICE: $32.88 million
BUYER: Hispanic Broadcasting Corp. (McHenry Tichenor Jr., president/CEO); owns eight other stations, including WJTW-FM Chicago
SELLER: Big City Radio (Charles Fernandez, president/CEO)
FACILITIES: 103.1 MHz, 6 kW, ant. 328 ft.
FORMAT: Spanish
COMMENT: Originally, the application for the transfer of control of the station was filed from Big City to Superior Broadcasting. The parties are requesting that the application be dismissed and the station's license be assigned directly to HBC or Univision, depending on the closing date of the station groups' merger.
WLKQ-FM Buford (Atlanta), Ga.
PRICE: $5.25 million
BUYER: Davis Broadcasting Inc. (Gregory A. Davis, president/director); owns five other stations, none in this market
SELLER: Buford Broadcasting Inc. (Jacquelin Joseph, president)
FACILITIES: 102.3 MHz, 4 kW, ant. 390 ft.
FORMAT: Oldies
WIMX-FM Gibsonburg (Toledo), Ohio
PRICE: $2 million
BUYER: Urban Radio Broadcasting LLC (Kevin Wagner, president); owns three other stations, none in this market
SELLER: Riverside Broadcasting Inc. (Craig Dobler, president)
FACILITIES: 95.7 MHz, 4 kW, ant. 433 ft.
FORMAT: Urban AC
KANS-FM Osage City (Topeka), Kan.
PRICE: $1.3 million
BUYER: 3 Points Media LLC (Bruce Buzil, manager); owns five other stations, none in this market
SELLER: C & C Consulting Inc. (Edward Lipson, president/CEO)
FACILITIES: 92.9 MHz, 8 kW, ant. 538 ft.
FORMAT: Oldies
WDQN(AM) Duquoin, Ill.
PRICE: $600,000
BUYER: Three Angels Broadcasting Network Inc.; no other broadcast interests
SELLER: Duquoin Broadcasting Co. (Mary Ann Showalter, partner)
FACILITIES: 1580 kHz, 170 W day/7 W night
FORMAT: AC/Country
WAVK-FM Marathon, Fla.
PRICE: $600,000
BUYER: LSM Radio Partners LLC (Kenneth Barlow, managing member); owns one other station, WWWK-FM Marathon
SELLER: Clear Channel Communications (John Hogan, CEO/Radio)
FACILITIES: 105.5 MHz, 26 kW, ant. 115 ft.
FORMAT: AC
BROKER: Joel Day of Comm Corp.
WNRR-FM Bellevue, Ohio
PRICE: $550,000
BUYER: BAS Broadcasting (James A. Lorenzen, president); owns one other station, not in this market
SELLER: Bellevue Community Broadcasting Inc. (Robert Ladd, president/CEO)
FACILITIES: 92.1 MHz, 4 kW, ant. 108 ft.
FORMAT: Hot AC
BROKER: Greg Guy of Patrick Communications
WWWK-FM Marathon, Fla.
PRICE: $540,000
BUYER: LSM Radio Partners LLC (Kenneth Barlow, managing member); owns one other station, WAVK-FM Marathon
SELLER: Gary Violet
FACILITIES: 97.7 MHz, 2 kW, ant. 200 ft.
FORMAT: Dance
BROKER: Joel Day of Comm Corp
WSSI-FM Carthage, Miss.
PRICE: $450,000
BUYER: Boswell Broadcasting Co. (Mims Boswell, partner); owns two other stations, neither in this market
SELLER: M. & L. Goodwin (Mike Goodwin, owner)
FACILITIES: 98.3 MHz, 20 kW, ant. 328 ft.
FORMAT: Country
KFIF-FM Soda Springs, Calif.
PRICE: $227,000
BUYER: Fremont Broadcasting Co. Inc. (Ted Austin Jr., president); owns one other station, not in this market
SELLER: Douglas R. Mathis
FACILITIES: 100.1 MHz, 3 kW, ant. -276 ft.
FORMAT: Country
KSRN-FM Kings Beach (Reno), Calif.
TERMS: Station into trust
BUYER: Reno Station Business Trust (David Juris, trustee); no other broadcast interests
SELLER: NextMedia Group (Skip Weller, president/COO)
FACILITIES: 107.7 MHz, 230 W, ant. 2,868 ft.
FORMAT: AC
COMMENT: NextMedia is placing this station into a trust in order to comply with ownership rules regarding its purchase of KHNK-FM from Citadel.
AMs
KIIS(AM) Canyon Country (Los Angeles), Calif.
PRICE: $900,000
BUYER: Jeri Lyn Broadcasting Inc. (Carl Goldman, president); no other broadcast interests
SELLER: Clear Channel Communications (John Hogan, CEO/Radio)
FACILITIES: 1220 kHz, 1 kW day/500 W night
FORMAT: Top 40
COMMENT: Clear Channel will retain the KIIS call letters, and Jeri Lyn Broadcasting will take the KACD call letters from Clear Channel's Thousand Oaks, Calif., station.
WLTG(AM) Panama City, Fla.
PRICE: $500,000
BUYER: Williams Communications Inc. (Walton E. Williams Jr., president); owns 10 other stations, none in this market
SELLER: Hour Group Broadcasting Inc. (A.D. Whitehurst, president)
FACILITIES: 1430 kHz, 5 kW
FORMAT: News/Talk
BROKER: Ron Kempff of Ron Kempff Communications
WBZR(AM) Destin (Ft. Walton Beach), Fla.
PRICE: $400,000
BUYER: Flagship Communications Inc. (Keith Vanover, president); owns one other station, WFSH(AM) Ft. Walton Beach.
SELLER: Destiny Communications Corp. (Robert Pitts, president)
FACILITIES: 1120 kHz, 2 kW
FORMAT: Talk/News
KTON(AM) Belton (Killeen-Temple), Texas
PRICE: $400,000
BUYER: M&M Broadcasters Ltd. (Gary L. Moss, president); owns two other stations, neither in this market
SELLER: Sheldon Communications Inc. (Don Grabowski, president)
FACILITIES: 940 kHz, 1 kW day/5 W night
FORMAT: Christian
BROKER: Bill Whitley of Media Services Group
WZJY(AM) Mount Pleasant (Charleston), S.C.
PRICE: $380,000
BUYER: Levas Communications LLC (Walter P. Lomax, member); owns two other stations, neither in this market
SELLER: Caswell Communications Inc. (Judith Aidoo, president)
FACILITIES: 1480 kHz, 880 W day/44 W night
FORMAT: Religion/Talk
WHMA(AM) Anniston, Ala.
PRICE: $275,000
BUYER: Williams Communications Inc. (Walton E. Williams Jr., president); owns 10 other stations, none in this market
SELLER: Casey Network LLC (Jimmy Jarrell, president/CEO)
FACILITIES: 1390 kHz, 5 kW day/1 kW night
FORMAT: News
WFSH(AM) Valparaiso-Niceville (Ft. Walton Beach), Fla.
PRICE: $225,000
BUYER: Flagship Communications Inc. (Keith Vanover, president); owns one other station, WBZR(AM) Ft. Walton Beach
SELLER: Bayou Communications (Norton R. Gilson, president)
FACILITIES: 1340 kHz, 1 kW
FORMAT: Oldies
WGTX(AM) De Funiak Springs, Fla.
PRICE: $220,000
BUYER: John H. Beebe. no other broadcast interests
SELLER: Wesco Enterprises (Sara Comander, co-owner)
FACILITIES: 1280 kHz, 5 kW day/46 W night
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2003 YTD* | 2002 | |||
| Number | Value (000) | Number | Value (000) | |
| Source: BIA Financial Networks *Through May 28 |
||||
| Television | 16 | $225,639 | 92 | $2,493,292 |
| Radio | 357 | $1,216,795 | 815 | $5,396,739 |
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
No related content found.
-
No Top Articles
VIEW ALL GALLERIES
