Changing Hands
By Staff -- Broadcasting & Cable, 4/18/2004 8:00:00 PM
TVs
KOCE Huntington Beach, Calif.
PRICE: $25.5 million
BUYER: KOCE-TV Foundation (Robert J. Brown, chairman)
SELLER: Coast Community College District (Mel Rogers, president)
FACILITIES: Ch. 50, 2,354 kW, ant. 3,114 ft.
AFFILIATION: PBS
WNGS Springville, N.Y.
PRICE: $5 million
BUYER: Equity Broadcasting Corp. (Greg W. Fess, executive vice president)
SELLER: Caroline K. Powley (Caroline K. Powley, president)
FACILITIES: Ch. 67, 5,000 kW, ant. 1,362 ft.
AFFILIATION: Ind.
COMMENT: Purchase price would be reduced to $4 million if digital application BPCDT19991101AKN, either as on file or amended, is denied, dismissed, or not acted upon by the commission within 36 months from the date of the purchase agreement or if an amendment to BPCDT19991101AKN would reduce the population to be served by 10% or more.
KWWF Waterloo, Iowa.; WNYI Ithaca, N.Y.
PRICE: $5 million
BUYER: Equity Broadcasting Corp. (Greg W. Fess, executive vice president)
SELLER: William M. Smith (William Smith, president)
FACILITIES: KWWF: Ch. 22, 3,000 kW, ant. 650 ft.; WNYI: Ch. 52, 26 kW, ant. –308 ft.
AFFILIATION: KWWF: Ind.; WNYI: Ind.
COMMENT: Purchase price shall be reduced to $4 million if an application for upgrade is not approved within 36 months of date of the purchase agreement
K67HQ Lubbock, Texas
PRICE: $9,507
BUYER: Jennifer Cremeens (Jennifer Cremeens, owner)
SELLER: Inspiration TV Inc. (George E. Sebastian, president)
FACILITIES: Ch. 67, 10 kW
K21GN Alexandria, Minn.
PRICE: No monetary consideration
BUYER: Selective TV Inc. (Merv Mock, president)
SELLER: Hubbard Broadcasting Inc. (Stanley Hubbard, chairman)
FACILITIES: Ch. 21, 1.56 kW
COMMENT: Hubbard has agreed to assign the CP for K21GN Alexandria to Selective TV for no monetary consideration in exchange for Selective TV's agreement to construct and operate K21GN's facilities.
K36CC Tulia, Texas
PRICE: Donation
BUYER: City of Tulia (Paula Wilson, city manager)
SELLER: Marsh Media Inc. (Stanley Marsh III, chairman and CEO)
FACILITIES: Ch. 36, 0.928 kW
Combos
KRGY(FM) Aurora; KMMJ(AM), KRGI(AM), and KRGI(FM) Grand Island; and KIMB(AM) Kimball, Neb.
PRICE: $4.75 million
BUYER: Legacy Communications LLC (Joseph J. Vavricek, managing member); owns no other stations
SELLER: Steckline Communications (Gregory R. Steckline, member)
FACILITIES: KRGY(FM): 97.3 MHz, 50 kW, ant. 348 ft.; KMMJ(AM): 750 kHz, 11 kW day/10 kW night; KRGI(AM): 1430 kHz, 5 kW day/1 kW night; KRGI(FM): 96.5 MHz, 100 kW, ant. 420 ft.; KIMB(AM): 1260 kHz, 50 kW day/112 W night
FORMAT: KRGY(FM): Country; KMMJ(AM): News/Talk/Sports; KRGI(AM): AC/Talk; KRGI(FM): Country; KIMB(AM): Dark
KBLL(AM) and KBLL(FM) Helena, Mont.
PRICE: $2.8 million
BUYER: Cherry Creek Radio (Joseph D. Schwartz, CEO); owns 24 other stations, including KCAP(AM) and KZMT(FM) Helena
SELLER: Holter Broadcasting Corp. (Jan Holter-Lambert, president)
FACILITIES: KBLL(AM): 1240 kHz, 1 kW day/night; KBLL(FM): 99.5 MHz, 30 kW, ant. 791 ft.
FORMAT: KBLL(AM): News/Talk; KBLL(FM): Country
BROKER: Greg Merrill of Media Services Group
KDWY(FM) Diamondville, KMER(AM) and KAOX(FM) Kemmerer, Wyo.
PRICE: $2 million
BUYER: Simmons Media Group Inc. (Craig Hanson, president); owns 10 other stations, none in this market
SELLER: Chaparral Communications (Jerrold Lundquist, owner)
FACILITIES: KDWY(FM): 105.3 MHz, 67 kW, ant. 1,161 ft.; KMER(AM): 950 kHz, 5 kW; KAOX(FM); 107.3 MHz, 100 kW, ant. 948 ft.
FORMAT: KDWY(FM): Country; KMER(AM): Oldies; KAOX(FM): Adult Standard
BROKER: Greg Merrill of Media Services Group
WREL(FM) Buena Vista and WREL(AM) Lexington, Va.
PRICE: $1.33 million
BUYER: First Media (Alex Kolobielski, president); owns 21 other stations, none in this market
SELLER: Equus Communications Inc. (Keith Putbrese, president)
FACILITIES: WREL(FM): 96.7 MHz, 2 kW, ant. 1,135 ft.; WREL(AM): 1450 kHz, 1 kW
FORMAT: WREL(FM): Country; WREL(AM): News/Talk
BROKER: Zoph Potts of Snowden Associates
WHGS(AM) and WBHC(FM) Hampton, S.C.
PRICE: $375,000
BUYER: Bocock Communications (John D. Bocock, member/manager); owns no other stations
SELLER: Hampton County Broadcasters Inc. (Carl Tony Gross, owner)
FACILITIES: WHGS(AM): 1270 kHz, 700 W day/219 W night; WBHC(FM): 92.1 MHz, 6 kW, ant. 328 ft.
FORMAT: WHGS(AM): Country; WBHC(FM): Country
KAMI(AM) and KCVN(FM) Cozad, Neb.
PRICE: $365,000
BUYER: Bott Radio Network (Richard P. Bott Sr., owner); owns 18 other stations, none in this market
SELLER: VectoRadio Inc. (Chuck Larsen, owner)
FACILITIES: KAMI(AM): 1580 kHz, 1 kW day/17 W night; KCVN-FM: 104.5 MHz, 100 kW, ant. 361 ft.
FORMAT: KAMI(AM): Dark; KCVN-FM: Dark
WJJM(AM) and WJJM(FM) Lewisburg, Tenn.
PRICE: $230,000
BUYER: WJJM Inc. (Michelle W. Haislip, president/secretary/ treasurer); owns no other stations
SELLER: Martha M. Lingner (Martha M. Lingner, president)
FACILITIES: WJJM(AM): 1490 kHz, 1 kW; WJJM-FM: 94.3 MHz, 6 kW, ant. 115 ft.
FORMAT: WJJM(AM): Country; WJJM-FM: Country
FMs
KMFR(FM) Pearsall, Texas
PRICE: $10.25 million
BUYER: BMP Radio LP (Rafael G. Garza, chairman of the board); owns eight other stations, none in this market
SELLER: Radio Tuna Ltd. (John Furr, president)
FACILITIES: 104.1 MHz, 100 kW, ant. 981 ft.
FORMAT: Classic Rock
BROKER: Holt Media Group
KEBV(FM) Salinas (Monterey-Salinas-Santa Cruz), Calif.
PRICE: $2.5 million
BUYER: People's Radio Inc. (Joe C. Rosa, president); owns three other stations: KNRY(AM), KSRK(AM) and KYAA(AM) Monterey-Salinas-Santa Cruz
SELLER: Wolfhouse Radio Group Inc. (Hector Villalobos, president)
FACILITIES: 97.9 MHz, 3 kW, ant. 479 ft.
FORMAT: Hip-hop
KSJM(FM) Winfield (Wichita), Kan.
PRICE: $900,000
BUYER: Carter Broadcast Group Inc. (Michael Carter, president); owns two other stations, none in this market
SELLER: Sherman Broadcast Group (Donald R. Sherman, president/CEO)
FACILITIES: 107.9 MHz, 50 kW, ant. 387 ft.
FORMAT: Urban AC
BROKER: George Reed of Media Services Group
COMMENT: Carter Broadcast Group is acquiring a substantial interest in KSJM. The new partnership/company is named the Carter Sherman Broadcast Group.
KFFR(FM)(CP) Pullman, Wash.
PRICE: $225,000
BUYER: Royal Communications Co. (Christopher Gilbreth, partner); owns one other station, not in this market
SELLER: Rob Allen Hauser
FACILITIES: 97.7 MHz, 650 W, ant. 988 ft.
FORMAT: CP—NOA
KKAW(FM) Albin (Cheyenne), Wyo.
PRICE: $200,000
BUYER: Northeast Broadcasting Co. (Steven A. Silberberg, clerk/director/owner); owns 20 other stations, including KRAE(AM), KIMX(FM), KREO(FM), and KRRR(FM) Cheyenne
SELLER: Brill Media Co. (Alan R. Brill, president)
FACILITIES: 107.3 MHz, 9 kW, ant. 532 ft.
FORMAT: Country
WQMR(FM) Snow Hill (Salisbury-Ocean City)
PRICE: $200,000
BUYER: Maryland Star Broadcasting (Jack P. Gillen, member); owns no other stations
SELLER: Snow Hill Broadcasting LLC (Jack Gillen, president)
FACILITIES: 101.1 MHz, 1 kW, ant. 489 ft.
FORMAT: Talk
COMMENT: Todd Robinson and Harry Media are selling their 50% ownership in Snow Hill to Maryland Star, making Maryland Star 100% owner. Jack Gillen will hold 85% membership interest in Maryland Star
KCBZ(FM) Cannon Beach, Ore.
PRICE: $175,000
BUYER: ALC Communications (Thomas G. Hodgins, general partner); owns one other station, not in this market
SELLER: Entercom (David J. Field, president/CEO)
FACILITIES: 94.9 MHz, 16 kW, ant. 351 ft.
FORMAT: AC
KIMY(FM) Watonga, Okla.
PRICE: $163,000
BUYER: South Central Oklahoma Christian Broadcasting (Randall Christy, president/ trustee); owns two other stations, neither in this market
SELLER: Orion Broadcasting (Ron Gabe, president)
FACILITIES: 93.9 MHz, 3 kW, ant. 328 ft.
FORMAT: Country
BROKER: Bill Whitley of Bill Whitley Media
NEW (FM)(CP) Kettleman City (Visalia-Tulare-Hanford), Calif.
PRICE: $150,000
BUYER: Horizon Christian (Michael MacIntosh, president/ director); owns no other stations
SELLER: Living Proof Inc. (Daniel McClenaghan, president)
FACILITIES: 89.9 MHz, 25 kW, ant. 194 ft.
FORMAT: CP—NOA
KXFE(FM) Dumas, Ark.
PRICE: $130,000
BUYER: Arkansas County Broadcasters Inc. (Bobby Caldwell, president); owns four other stations, none in this market
SELLER: Metro Birch Enterprises Inc. (Jackie Harris, president)
FACILITIES: 106.9 MHz, 25 kW, ant. 269 ft.
FORMAT: Dark
WAPC(FM) Terre Haute, Ind.; KBKC(FM) Moberly, Mo.
PRICE: $112,500
BUYER: Covenant Network (John Anthony Holman, president/director); owns three other stations, none in this market
SELLER: IHR Educational Broadcasting (Douglas Sherman, president)
FACILITIES: WAPC(FM): 91.9 MHz, 963 W, ant. 95 ft.; KBKC(FM): 90.1 MHz, 250 W, ant. 256 ft.
FORMAT: WAPC(FM): Christian; KBKC(FM): Christian
AMs
WSRA(AM) Albany, Ga.
PRICE: $150,000
BUYER: Agape Life Ministry (Livingston W. Fulton, president); owns no other stations
SELLER: Lifeline Communications (Jimmy Keyton, president)
FACILITIES: 1250 kHz, 1 kW day/53 W night
FORMAT: Sports
KCAT(AM) Pine Bluff, Ark.
PRICE: $150,000
BUYER: Mondy Burke Smith Broadcasting Network (Elijah Mondy, president); owns one other station, not in this market
SELLER: J.B. Scanlon (J.B. Scanlon, owner)
FACILITIES: 1340 kHz, 1 kW
FORMAT: Urban/Gospel
BROKER: MBT Enterprises Inc.
WKHZ(AM) Ocean City (Salisbury-Ocean City), Md.
PRICE: $140,000
BUYER: Sajak Broadcasting Corp. (Patrick L. Sajak, president/chairman); owns one other station, not in this market
SELLER: Radio Broadcast Communications Inc. (William Burton Parris III, president)
FACILITIES: 1590 kHz, 1 kW day/230 W night
FORMAT: News/Talk/Sports
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2004 YTD* Number | Value (000) | 2003 Total Number | Value (000) | |
| Source: BIA Financial Networks *As of 4/14/04 |
||||
| Television | 32 | $116,476 | 70 | $500,601 |
| Radio | 263 | $546,273 | 899 | $2,315,269 |
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
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