Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 9/7/2003 8:00:00 PM
TVs
KMPX-TV Decatur, Texas
PRICE: $37 million
BUYER: Liberman Broadcasting Inc. (Jose Liberman, president)
SELLER: Daystar Television Network (Marcus Lamb, president/ CEO)
FACILITIES: Ch. 29, 3,630 kW, ant. 528 ft
AFFILIATION: REL
KMPX-TV Ottumwa, Iowa
PRICE: $4 million
BUYER: Ottumwa Media Holdings LLC (Macon B. Moye, managing member)
SELLER: Waitt Broadcasting Inc. (Michael J. Delich, president)
FACILITIES: Ch. 15, 2,090 kW, ant. 1,184 ft
AFFILIATION: F&P
WBKP-TV Calumet and WBUP-TV Ishpeming, Mich.
PRICE: $500,000
BUYER: Thunder Bay Broadcasting Inc. (Stephen Marks, president)
SELLER: Scanlan Communications Inc. (Thomas Scanlan, president/CEO)
FACILITIES: WBKP-TV: Ch. 5, 100 kW, ant. 968 ft.; WBUP-TV: Ch. 10, 133 kW, ant. 345 ft.
AFFILIATION: WBKP-TV: ABC; WBUP-TV: ABC
Combos
WMGM-FM Atlantic City, WGYM(AM) Hammonton, WTKU-FM Ocean City, and WOND(AM) and WUSS(AM) Pleasantville (Atlantic City-Cape May), N.J.
PRICE: $22 million
BUYER: Access.1 Communications (Chesley Maddox-Dorsey, president/director)
SELLER: The Green Group (Ivor Rich, executive vice president)
FACILITIES: WMGM-FM: 103.7 MHz, 40 kW, ant. 348 ft.; WGYM(AM): 1580 kHz, 1 kW day/6 W night; WTKU-FM: 98.3 MHz, 6 kW, ant. 328 ft.; WOND(AM): 1400 kHz, 1 kW; WUSS(AM): 1490 kHz, 400 W
FORMAT: WMGM-FM: Classic Rock; WGYM(AM): Sports; WTKU-FM: Oldies; WOND(AM): News/Talk; WUSS(AM): Black Gospel
BROKER: Mahlman Co.
WNTJ(AM) and WMTZ-FM Johnstown, Pa.
PRICE: $9.13 million
BUYER: Forever Broadcasting Inc. (Carol Logan, president); owns 30 other stations, including WLYE(AM), WKYE-FM, WUZI-FM and WUZY-FM Johnstown.
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: WNTJ(AM): 1490 kHz, 1 kW; WMTZ-FM: 96.5 MHz, 50 kW, ant. 489 ft.
FORMAT: WNTJ(AM): News/ Talk/Sports; WMTZ-FM: Country
BROKER: Michael J. Bergner of Bergner & Co.
COMMENT: Clear Channel is selling WNTJ(AM) and WMTZ-FM Johnstown to Forever Broadcasting for $9.125 million. In addition, Clear Channel will assign its rights to WICT-FM Grove City, PA to Forever for $2.275 million. Clear Channel filed to acquire WICT-FM from GOCOM in 1999.
FMs
WCFX-FM Clare, Mich.
PRICE: $2.88 million
BUYER: Greenax Broadcasting (Greg Dinetz, president); no other broadcast interests
SELLER: Goldsen Broadcasting (Bruce Goldsen, president)
FACILITIES: 95.3 MHz, 6 kW, ant. 328 ft.
FORMAT: CHR
BROKER: Greg Guy of Patrick Communications
WICT-FM Grove City (Youngstown-Warren), Pa.
PRICE: $2.28 million
BUYER: Forever Broadcasting Inc. (Carol Logan, president); owns 31 other stations, none in this market
SELLER: GOCOM Communications LLC (Richard L. Gorman, president/CEO)
FACILITIES: 95.1 MHz, 17 kW, ant. 804 ft.
FORMAT: Country
BROKER: Michael J. Bergner of Bergner & Co.
COMMENT: Clear Channel has assigned its rights to purchase WICT-FM from GOCOM to Forever Broadcasting for $2.275 million. The closing will occur at same time as the closing for the other three stations remaining in the Clear Channel/GOCOM deal.
KLRQ-FM Clinton, Mo.
PRICE: $1.9 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 72 other stations, none in this market
SELLER: B & F Broadcasting Inc. (Brad Townsend, president)
FACILITIES: 96.1 MHz, 100 kW, ant. 988 ft.
FORMAT: AAA
COMMENT: EMF will petition the FCC to change the station's status to non-commercial.
KLRO-FM Nile and KSOH-FM Wapato, Wash.; and WJYC-FM Delhi Hills, Ohio
PRICE: $1.2 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 68 other stations, none in this market
SELLER: Lifetalk Broadcasting Association (Phil Follett, president)
FACILITIES: KLRO-FM: 88.1 MHz, 200 W, ant. –1,145 ft.; KSOH-FM: 89.5 MHz, 10 kW, ant. 974 ft.; WJYC-FM: 90.1 MHz, 16 kW, ant. 371 ft.
FORMAT: KLRO-FM: Christian; KSOH-FM: Christian; WJYC-FM: Christian
BROKER: John Pierce of John Pierce and Co.
AMs
KPLS(AM) Orange (Los Angeles), Calif.
PRICE: $37.5 million
BUYER: Radiovisa LLC (Stephen C. Lehman, chairman)
SELLER: Catholic Radio Network LLC (Bill Agee, board member)
FACILITIES: 830 kHz, 50 kW day/20 W night
FORMAT: Talk
KKSN(AM) Oregon City (Portland), Ore.
PRICE: $2.8 million
BUYER: Bustos Media Holdings LLC (Amador S. Bustos, owner/president); owns three other stations, including KKGT(AM) and KMUZ(AM) Portland
SELLER: Entercom (David J. Field, president/CEO)
FACILITIES: 1520 kHz; 50 kW day/15 kW night
FORMAT: Nostalgia
BROKER: Media Venture Partners
WAAM(AM) Ann Arbor, Mich.
PRICE: $1.5 million
BUYER: First Broadcasting Co. LP (Gary M. Lawrence, president/vice chairman); owns six other stations, none in this market
SELLER: Whitehall Enterprises Inc. (Lloyd Johnson, CEO)
FACILITIES: 1600 kHz, 5 kW
FORMAT: Full Service
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2003 YTD* | 2002 Total | |||
| Source: BIA Financial Networks *Through Sept. 3 |
||||
| Number | Value (000) | Number | Value (000) | |
| Television | 45 | $343,231 | 93 | $2,493,292 |
| Radio | 521 | $1,509,022 | 809 | $5,391,793 |
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