Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 2/22/2004 7:00:00 PM
Combos
WFFG-FM Corinth (Albany-Schenectady-Troy), WMML-AM Glens Falls, WENU-FM Hudson Falls, and WENU-AM South Glen Falls (Albany-Schenectady-Troy), N.Y.
PRICE: $2.5 million
BUYER: Pamal Broadcasting Ltd. (James Morrell, chairman/ CEO); owns 21 other stations, including WROW-AM, WAJZ-FM, WFLY-FM, WKLI-FM, WYJB-FM and WZMR-FM Albany-Schenectady-Troy
SELLER: Vox Media Corp. (Jeff Shapiro, COO)
FACILITIES: WFFG-FM: 107.1 MHz, 3 kW, ant. 482 ft.; WMML-AM: 1230 kHz, 1 kW; WENU-FM: 101.7 MHz, 5 kW, ant. 180 ft.; WENU-AM: 1410 kHz, 1 kW day/103 W night
FORMAT: WFFG-FM: Country; WMML-AM: Sports/Talk; WENU-FM: Adult Standard; WENU-AM: Adult Standard
BROKER: Richard A. Foreman of Richard A. Foreman Associates Inc.
WJBC-AM and WBNQ-FM Bloomington, WJEZ-FM Dwight, WBWN-FM Le Roy, and WTRX-FM Pontiac (Bloomington), Ill.
PRICE: Swap
BUYER: Regent Communications Inc. (Terry Jacobs, chairman/CEO); owns 70 other stations, none in this market
SELLER: Citadel Broadcasting Corp. (Farid Suleman, chairman/CEO)
FACILITIES: WJBC-AM: 1230 kHz, 1 kW; WBNQ-FM: 101.5 MHz, 50 kW, ant. 466 ft.; WJEZ-FM: 98.9 MHz, 1 kW, ant. 489 ft.; WBWN-FM: 104.1 MHz, 25 kW, ant. 328 ft.; WTRX-FM: 93.7 MHz, 12 kW, ant. 472 ft.
FORMAT: WJBC-AM: Full Service; WBNQ-FM: Hot AC; WJEZ-FM: Lite Rock; WBWN-FM: Country; WTRX-FM: Classic Rock
COMMENT: Regent is swapping four stations in the Erie, Pa., market and two in the Lancaster-Reading, Pa., market plus a cash payment for Citadel's five stations in the Bloomington, Ill., market. See below
WXTA-FM Edinboro (Erie); WIOV-FM Ephrata (Lancaster); WRIE-AM, WQHZ-FM, and WXKC-FM Erie; and WIOV-AM Reading, Pa.
PRICE: Swap
BUYER: Citadel Broadcasting Corp. (Farid Suleman, chairman/CEO); owns 205 other stations, none in this market
SELLER: Regent Communications Inc. (Terry Jacobs, chairman/CEO)
FACILITIES: WXTA-FM: 97.9 MHz, 10 kW, ant. 505 ft.; WIOV-FM: 105.1 MHz, 25 kW, ant. 702 ft.; WRIE-AM: 1260 kHz, 5 kW; WQHZ-FM: 102.3 MHz, 2 kW, ant. 614 ft.; WXKC-FM: 99.9 MHz, 50 kW, ant. 492 ft.; WIOV-AM: 1240 kHz, 1 kW
FORMAT: WXTA-FM: Country; WIOV-FM: Country; WRIE-AM: Nostalgia; WQHZ-FM: Classic Rock; WXKC-FM: AC; WIOV-AM: Sports
COMMENT: See above
WSEZ-AM and WUME-FM Paoli, Ind.
PRICE: $331,000
BUYER: Indiana Patoka Development Corp. (William K. Reynolds, president/treasurer); owns no other stations
SELLER: Ironic Broadcasting Inc. (Imojean Fugate Apple, president/director)
FACILITIES: WSEZ-AM: 1560 kHz, 250 W; WUME-FM: 95.3 MHz, 3 kW, ant. 299 ft.
FORMAT: WSEZ-AM: Oldies; WUME-FM: AC
WNRG-AM and WMJD-FM Grundy, Va.
PRICE: $200,000
BUYER: Peggy Sue Broadcasting (Henry Beam, president); owns one other station, not in this market
SELLER: Virginia-Kentucky Broadcasting Co. Inc. (Gary Dotson, president)
FACILITIES: WNRG-AM: 940 kHz, 5 kW day/14 W night; WMJD-FM: 97.7 MHz, 3 kW, ant. 489 ft.
FORMAT: WNRG-AM: Country; WMJD-FM: AC
KELY-AM and KCLS-FM Ely, Nev.
PRICE: $178,000
BUYER: Ruby Radio Corp. (Ken Sutherland, president); owns one other station, not in this market
SELLER: Reed Inc. (Bryan D. Reed, president)
FACILITIES: KELY-AM: 1230 kHz, 250 W; KCLS-FM: 101.7 MHz, 480 W, ant. 804 ft.
FORMAT: KELY-AM: Oldies; KCLS-FM: Classic Rock
FMs
WNHI-FM Belmont and WJYY-FM and WOTX-FM Concord (Manchester), N.H.
PRICE: $9 million
BUYER: Nassau Broadcasting Partners LP (Louis Mercatanti Jr., president/chairman); owns 29 other stations, including WHOB-FM and WNNH-FM Manchester
SELLER: Vox Media Corp. (Jeff Shapiro, COO)
FACILITIES: WNHI-FM: 93.3 MHz, 300 W, ant. 1,020 ft.; WJYY-FM: 105.5 MHz, 2 kW, ant. 456 ft.; WOTX-FM: 102.3 MHz, 3 kW, ant. 285 ft.
FORMAT: WNHI-FM: Classic Rock; WJYY-FM: Hot AC; WOTX-FM: Country
BROKER: Glenn Serafin of Serafin Brothers Inc. and Richard A. Foreman of Richard A. Foreman Associates Inc.
WDDH-FM St. Marys, Pa.
PRICE: $1.25 million
BUYER: Intrepid Broadcasting (Michael M. Stapleford, president); owns no other stations
SELLER: Laurel Media Inc. (Dennis D. Heindl, president/ secretary)
FACILITIES: 97.5 MHz, 20 kW, ant. 801 ft.
FORMAT: Country
KFLH-FM Chama, N.M.
PRICE: $220,000
BUYER: Lance Broadcasting LLC (Lance J. Minnite, managing member); owns no other stations
SELLER: On Top Broadcasting (Scott Flurry)
FACILITIES: 95.9 MHz, 1 kW, ant. 312 ft.
FORMAT: Variety
WYCM-FM Charlton (Worcester), Mass.
PRICE: $200,000
BUYER: Christian Mix Radio (Stephen Binley, president/ treasurer); owns no other stations
SELLER: Bay Path Vocational High School (Steven Mondor, superintendent)
FACILITIES: 90.1 MHz, 100 W, ant. 390 ft.
FORMAT: Dark
AMs
KTHO-AM South Lake Tahoe, Calif.
PRICE: $710,000
BUYER: Live Wire Media (Gary Krause, member); owns no other stations
SELLER: Paradise Broadcasting Inc. (Thomas H. Gillenwater, president)
FACILITIES: 590 kHz, 3 kW day/500 W night
FORMAT: Adult Standard
WJRO-AM Glen Burnie (Baltimore), Md.
PRICE: $425,000
BUYER: Metro Radio Inc. (Bruce A. Houston, president); owns two other stations, neither in this market
SELLER: Erald Broadcasting (George Dietrich, president)
FACILITIES: 1590 kHz, 1 kW
FORMAT: Religion
WJSS-AM Havre de Grace (Baltimore), Md.
PRICE: $350,000
BUYER: Benjamin-Dane LLC (Ronald Reeves, president); owns one other station, not in this market
SELLER: Peoples Broadcasting Network LLC (Otto Miller, manager)
FACILITIES: 1330 kHz, 5 kW day/500 W night
FORMAT: Religion
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, VA., www.bia.com
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2004 YTD* Number | 2004 YTD* (000) | 2003 Total Number | 2003 Total Value (000) | |
| *As of 2/18/04 SOURCE: BIA Financial Networks |
||||
| Television | 22 | $65,700 | 70 | $500,601 |
| Radio | 111 | $243,275 | 912 | $2,451,069 |
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