Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 3/7/2004 7:00:00 PM
Combos
KOQL(FM) Ashland; KFRU(AM), KBXR(FM), and KPLA(FM) Columbia; and KLIK(AM), KBBM(FM), and KJMO(FM) Jefferson City, Mo.
PRICE: $38.75 million
BUYER: Cumulus Broadcasting Inc. (Lewis W. Dickey Jr., president/CEO); owns 294 other stations, none in this market
SELLER: Premier Marketing Group (David Baugher, president)
FACILITIES: KOQL(FM): 106.1 MHz, 69 kW, ant. 958 ft.; KFRU(AM): 1400 kHz, 1 kW; KBXR(FM): 102.3 MHz, 4 kW, ant. 856 ft.; KPLA(FM): 101.5 MHz, 41 kW, ant. 1,063 ft.; KLIK(AM): 1240 kHz, 1 kW; KBBM(FM): 100.1 MHz, 33 kW, ant. 600 ft.; KJMO(FM): 104.1 MHz, 5 kW, ant. 348 ft.
FORMAT: KOQL(FM): Rhythm & Blues; KFRU(AM): News/Talk/ Sports; KBXR(FM): AAA; KPLA(FM): AC; KLIK(AM): News/Talk; KBBM(FM): Rock; KJMO(FM): Classic Hits
BROKER: George Reed of Media Services Group
WACV(AM), WQKS(FM), and WBAM(FM) Montgomery and WJWZ(FM) Wetumpka (Montgomery), Ala.
PRICE: $15.3 million
BUYER: Bluewater Broadcasting LLC (Rick Peters, COO); owns no other stations
SELLERs: Montgomery Broadcast Properties Ltd. (Allan Stroh, CEO); WBAM(FM): Deep South Broadcasting Co. (Bob Brennen, owner)
FACILITIES: WACV(AM): 1170 kHz, 10 kW day/1 kW night; WQKS(FM): 96.1 MHz, 900 W, ant. 820 ft.; WBAM(FM): 98.9 MHz, 100 kW, ant. 981 ft.; WJWZ(FM): 97.9 MHz, 3 kW, ant. 328 ft.
FORMAT: WACV(AM): News/ Talk/Sports; WQKS(FM): Classic Hits; WBAM(FM): Top 40; WJWZ(FM): Urban
BROKER: Randall E. Jeffery of Jeffery Group
KSTC(AM) and KNNG(FM) Sterling and KNEC(FM) Yuma, Colo.
PRICE: $1.35 million
BUYER: Track 1 Media (Larry Levy, member/manager); owns no other stations
SELLER: Arnold Broadcasting Co. Inc. (William G. Arnold, president)
FACILITIES: KSTC(AM): 1230 kHz, 1 kW; KNNG(FM): 104.7 MHz, 100 kW, ant. 650 ft.; KNEC(FM): 100.9 MHz, 25 kW, ant. 348 ft.
FORMAT: KSTC(AM): Oldies; KNNG(FM): Country; KNEC(FM): AC
FMs
KZPO(FM) Lindsay (Visalia-Tulare-Hanford), Calif.
PRICE: $1.88 million
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 16 other stations, including KAAX(FM) Visalia-Tulare-Hanford
SELLER: Lindsay Broadcasting (headed by Linda Ware)
FACILITIES: 103.3 MHz, 280 W, ant. 2,625 ft.
FORMAT: AC
WMMY(FM) Jefferson, N.C.
PRICE: $1.58 million
BUYER: Aisling Broadcasting (Jonathon Hoffman, managing member); owns five other stations, none in this market
SELLER: Dale Hendrix
FACILITIES: 106.1 MHz, 11 kW, ant. 509 ft.
FORMAT: Country
BROKER: American Media Services LLC
WKWI(FM) Kilmarnock, Va.
PRICE: $900,000
BUYER: Two Rivers Communications Inc. (William C. Sherard, president); owns no other stations
SELLER: Buffalo Broadcasters Inc. (Joseph W. Patton, president)
FACILITIES: 101.7 MHz, 3 kW, ant. 328 ft.
FORMAT: Oldies
KZPE-FM(CP) Ford City, Calif.
PRICE: $700,000
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 16 other stations, none in this market
SELLER: Ford City Broadcasting (headed by H.L. Charles)
FACILITIES: 102.1 MHz, 6 kW, ant. 128 ft.
FORMAT: CP—NOA
KCVK(FM) Otterville, Mo.
PRICE: $650,000
BUYER: Cumulus Broadcasting Inc. (Lewis W. Dickey Jr., president/CEO); owns 300 other stations, none in this market
SELLER: Lake Area Educational Broadcasting (James McDermott, president)
FACILITIES: 107.7 MHz, 3 kW, ant. 499 ft.
FORMAT: Christian Contemporary
BROKER: Media Services Group
AMs
WAUK(AM) Waukesha (Milwaukee-Racine), Wis.
PRICE: $2 million
BUYER: Good Karma Broadcasting (Craig Karmazin, president); owns six other stations, none in this market
SELLER: Walt-West Wisconsin Inc. (headed by Carol Piszczek)
FACILITIES: 1510 kHz, 10 kW
FORMAT: Sports
WETC(AM) Wendell-Zebulon (Raleigh-Durham), N.C.
PRICE: $1.8 million
BUYER: Prieto Communications Inc. (Filiberto Prieto, co-owner); owns two other stations, none in this market
SELLER: Carolina Regional Broadcasting Corp. (Martha O. Sanchez, president)
FACILITIES: 540 kHz, 4 kW day/ 500 W night
FORMAT: Mexican
WRYM(AM) New Britain (Hartford-New Britain-Middletown), Conn.
PRICE: $1.06 million
BUYER: Eight Forty Broadcasting (Lucio Ruzzier, president); owns no other stations
SELLER: Hartford County Broadcasting (Howard Sodokoff, VP)
FACILITIES: 840 kHz, 1 kW day/125 W night
FORMAT: Spanish/Tropical
BROKER: Frank Boyle of Frank Boyle & Co.
KXKS(AM) Albuquerque, N.M.
PRICE: $650,000
BUYER: Mortenson Broadcasting Co. Inc. (Jack Mortenson, president); owns 15 other stations, none in this market
SELLER: Clear Channel Communications (John Hogan, CEO/radio)
FACILITIES: 1190 kHz, 10 kW day/24 W night
FORMAT: Mexican
WASR(AM) Wolfeboro, N.H.
PRICE: $350,000
BUYER: Winnipesaukee Network (Grant P. Hatch, president); owns no other stations
SELLER: Radio Wolfeboro Inc. (Alan Severy, president/GM)
FACILITIES: 1420 kHz, 5 kW day/137 W night
FORMAT: AC/Full Service
WBAR(AM) Bartow (Lakeland-Winter Haven), Fla.
PRICE: $325,000
BUYER: Florida Broadcasting Media (Armando Gutierrez, managing partner); owns no other stations
SELLER: Bartow Broadcasting Co. Inc. (Harvey G. Morts, president)
FACILITIES: 1460 kHz, 1 kW day/155 W night
FORMAT: Country
WKIQ(AM) Eustis and WQBQ(AM) Leesburg, Fla.
PRICE: $180,000
BUYER: Rama Communications Inc. (Sabeta Persaud, president); owns six other stations, none in this market
SELLER: Gateway Broadcasting LLC (Robert E. Thomas, bankruptcy trustee)
FACILITIES: WKIQ(AM): 1240 kHz, 790 W; WQBQ(AM): 1410 kHz, 10 kW day/90 W night
FORMAT: WKIQ(AM): Country; WQBQ(AM): Sports
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2004 YTD* | 2003 Total | |||
| Number | Value (000) | Number | Value (000) | |
| Source: BIA Financial Networks *As of 3/3/04 |
||||
| Television | 22 | $65,700 | 70 | $500,601 |
| Radio | 148 | $312,220 | 911 | $2,431,069 |
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