Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 3/28/2004 7:00:00 PM
TVs
WHDF Florence, Ala.
PRICE:
$5.5 million
BUYER:
Lockwood Broadcasting (James L. Lockwood Jr., CEO)
SELLER:
Galleria Broadcast Group (Gary Kneller, CEO/GM)
FACILITIES: Ch. 15, 2,510 kW, ant. 1,414 ft.
AFFILIATION: UPN
WTIN Ponce, P.R.
PRICE:
$5 million
BUYER:
LIN Television Corp. (Gary R. Chapman, president/ CEO)
SELLER:
Laura Nicolau (Laura Nicolau, sole proprietor)
FACILITIES: Ch. 14, 1,070 kW, ant. 2,825 ft.
AFFILIATION: Ind.
WPME Lewiston, Maine
PRICE:
$3.776 million
BUYER:
Pegasus Communications Corp. (Marshal W. Pagon, chairman/CEO)
SELLER:
KB Prime Media LLC (Guyon Turner, CEO/chairman)
FACILITIES: Ch. 35, 1,100 kW, ant. 912 ft.
AFFILIATION: UPN
Combos
WTSV(AM) and WHDQ(FM) Claremont and WCFR(FM) Walpole, N.H.; WSNO(AM) and WORK(FM) Barre, WZSH(FM) Bellows Falls, WWFY(FM) Berlin, WWOD(FM) Hartford, and WNHV(AM) and WSSH(FM) White River Junction, Vt.
PRICE: $22 million
BUYER: Nassau Broadcasting Partners LP (Louis Mercatanti Jr., president/chairman); owns 32 other stations, none in this market
SELLER: Vox Media Corp. (Jeff Shapiro, COO)
FACILITIES: WTSV(AM): 1230 kHz, 1 kW; WHDQ(FM): 106.1 MHz, 2 kW, ant. 2,247 ft.; WCFR(FM): 96.3 MHz, 320 W, ant. 407 ft.; WSNO(AM): 1450 kHz, 1 kW; WORK(FM): 107.1 MHz, 4 kW ant. 410 ft.; WZSH(FM): 107.1 MHz, 1 kW, ant. 532 ft.; WWFY(FM): 100.9 MHz, 5 kW, ant. 719 ft.; WWOD(FM): 104.3 MHz, 6 kW, ant. 495 ft.; WNHV(AM): 910 kHz, 1 kW day/84 W night; WSSH(FM): 95.3 MHz, 3 kW, ant. 246 ft.
FORMAT: WTSV(AM): Sports; WHDQ(FM): Classic Rock; WCFR(FM): Oldies; WSNO(AM): News/Talk/Sports; WORK(FM): CHR; WZSH(FM): Country; WWFY(FM): Country; WWOD(FM): Oldies; WNHV(AM): Sports; WSSH(FM): Country
BROKER: Richard A. Foreman of Richard A. Foreman Associates
WATW(AM), WBSZ(FM), and WJJH(FM) Ashland and WNXR(FM) Iron River (Duluth-Superior), Wis.
PRICE: $2.8 million
BUYER: Heartland Communications Group LLC (Thomas L. Bookey, managing member); owns seven other stations, none in this market
SELLER: Gerald J. Hackman (Gerald Hackman, president)
FACILITIES: WATW(AM): 1400 kHz, 780 W; WBSZ(FM): 93.3 MHz, 71 kW, ant. 246 ft.; WJJH(FM): 96.7 MHz, 50 kW, ant. 246 ft.; WNXR(FM): 107.3 MHz, 21 kW, ant. 361 ft.
FORMAT: WATW(AM): Adult Standard; WBSZ(FM): Country; WJJH(FM): Classic Rock; WNXR(FM): Oldies
BROKER: American Communications Partners Inc.
COMMENT: Price includes $400K non-compete payment
FMs
WXPK(FM) Briarcliff Manor (Westchester), N.Y.
PRICE: $18.4 million
BUYER: Pamal Broadcasting Ltd. (James Morrell, chairman/ CEO); owns 24 other stations, including WLNA(AM) and 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 Bros. Inc.
KDUT(FM) Randolph (Salt Lake City-Ogden-Provo), Utah; KOTB(FM) Evanston, Wyo.
PRICE: $12 million
BUYER: Bustos Media Holdings LLC (Amador S. Bustos, owner/ president); owns six other stations, none in this market
SELLER: Millcreek Broadcasting LLC (Bruce Buzil, managing member)
FACILITIES: KDUT(FM): 102.3 MHz, 89 kW, ant. 2,123 ft.; KOTB(FM): 106.1 MHz, 380 W, ant. 1,522 ft.
FORMAT: KDUT(FM): Rock; KOTB(FM): Country
WNSA(FM) Wethersfield Township (Buffalo-Niagara Falls), N.Y.
PRICE: $9 million
BUYER: Entercom (David J. Field, president/CEO); owns 104 other stations, including WBEN(AM), WGR(AM), WWKB(AM), WWWS(AM), WKSE(FM), and WTSS(FM) Buffalo-Niagara Falls
SELLER: Adelphia Communications (Bob Koshinski, VP)
FACILITIES: 107.7 MHz, 20 kW, ant. 801 ft.
FORMAT: 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 3/24/04 |
||||
| Television | 26 | $79,976 | 70 | $500,601 |
| Radio | 228 | $430,558 | 899 | $2,315,269 |
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