Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 4/25/2004 8:00:00 PM
Combos
KVFD(AM) and KUEL(FM) Fort Dodge, Iowa; KDBX(FM) Clear Lake, KKSD(FM) Milbank, KJJQ(AM) and KKQQ(FM) Volga, and KWAT(AM), KDLO(FM), and KIXX(FM) Watertown, S.D.
PRICE: $9.45 million
BUYER: Three Eagles Communications Inc. (Gary Buchanan, president/COO); owns 36 other stations, none in this market
SELLER: Sorenson Broadcasting Corp. (Dean Sorenson, president)
FACILITIES: KVFD(AM): 1400 kHz, 850 W; KUEL(FM): 92.1 MHz, 6 kW, ant. 322 ft.; KDBX(FM): 107.1 MHz, 10 kW, ant. 532 ft.; KKSD(FM): 104.3 MHz, 97 kW, ant. 981 ft.; KJJQ(AM): 910 kHz, 500 W; KKQQ(FM): 102.3 MHz, 25 kW, ant. 243 ft.; KWAT(AM): 950 kHz, 1 kW; KDLO(FM): 96.9 MHz, 100 kW, ant. 1,572 ft.; KIXX(FM): 96.1 MHz, 97 kW, ant. 978 ft.
FORMAT: KVFD(AM): News/ Talk; KUEL(FM): Hot AC; KDBX(FM): '80s and '90s; KKSD(FM): Oldies; KJJQ(AM): Oldies/Talk; KKQQ(FM): Country; KWAT(AM): Talk; KDLO(FM): Country; KIXX(FM): AC
BROKER: Chapin Enterprises
COMMENT: Sorenson Broadcasting is exchanging 9 of its stations (which Waitt Radio has been programming) with 7 of the stations of Waitt Radio's WMMP LLC. Waitt Radio/ WMMP is immediately assigning them to Three Eagles of Joliet Inc. for $9.45 million, including a $100,000 non-compete payment.
KUQQ(FM) Milford, KIHK(FM) Rock Valley, KSOU(AM) and KSOU(FM) Sioux Center, KUOO(FM) Spirit Lake, and KAYL(AM) and KAYL(FM) Storm Lake, Iowa
PRICE: Swap
BUYER: Sorenson Broadcasting Corp. (Dean Sorenson, president); owns eight other stations, none in this market
SELLER: Waitt Radio Inc. (Steven Seline, vice chairman)
FACILITIES: KUQQ(FM): 102.1 MHz, 50 kW, ant. 420 ft.; KIHK(FM): 106.9 MHz, 25 kW, ant. 328 ft.; KSOU(AM): 1090 kHz, 500 W; KSOU(FM): 93.9 MHz, 50 kW, ant. 492 ft.; KUOO(FM): 103.9 MHz, 50 kW, ant. 492 ft.; KAYL(AM): 990 kHz, 250 W day/6 W night; KAYL(FM): 101.7 MHz, 50 kW, ant. 400 ft.
FORMAT: KUQQ(FM): Classic Rock; KIHK(FM): Country; KSOU(AM): Christian Contemporary; KSOU(FM): AC; KUOO(FM): AC; KAYL(AM): Nostalgia; KAYL(FM): AC
COMMENT: See item above
KBST(AM), KBST(FM), and KBTS(FM) Big Spring, KEPS(AM) and KINL(FM) Eagle Pass, KREW(AM), KVOP(AM), KKYN(FM) and KRIA(FM) Plainview, KVOU(AM), KVOU(FM) and KUVA(FM) Uvalde, Texas
PRICE: $3 million
BUYER: Rhattigan Broadcasting LLC (Michael Rhattigan, president); owns no other stations
SELLER: Equicom Inc. (Glenn Hicks, president)
FACILITIES: KBST(AM): 1490 kHz, 1 kW; KBST(FM): 95.7 MHz, 33 kW, ant. 459 ft.; KBTS(FM): 94.3 MHz, 8 kW, ant. 561 ft.; KEPS(AM): 1270 kHz, 1 kW; KINL(FM): 92.7 MHz, 20 kW, ant. 184 ft.; KREW(AM): 1400 kHz, 1 kW; KVOP(AM): 1090 kHz, 5 kW day/500 W night; KKYN(FM): 106.9 MHz, 50 kW, ant. 469 ft.; KRIA(FM): 103.9 MHz, 25 kW, ant. 367 ft.; KVOU(AM): 1400 kHz, 1 kW; KVOU(FM): 104.9 MHz, 25 kW, ant. 272 ft.; KUVA(FM): 102.3 MHz, 4 kW, ant. 217 ft.
FORMAT: KBST(AM): News/ Talk/Sports; KBST(FM): Country; KBTS(FM): Rock; KEPS(AM): Tejano; KINL(FM): AC; KREW(AM): Oldies; KVOP(AM): Talk; KKYN(FM): Country; KRIA(FM): Tejano; KVOU(AM): Big Band; KVOU(FM): Country; KUVA(FM): Tejano
FMs
KXOT(FM) Tacoma (Seattle-Tacoma), Wash.
PRICE: $5 million
BUYER: Public Radio Capital Inc. (Marc Hand, president/ managing director); owns no other stations
SELLER: Bates Technical College (Brian Ebersole, president)
FACILITIES: 91.7 MHz, 8 kW, ant. 551 ft.
FORMAT: Variety
WIOL(FM) Eufaula (Columbus, Ga.), Ala.
PRICE: $2.7 million
BUYER: Davis Broadcasting Inc. (Gregory A. Davis, president/director); owns six other stations, including WOKS(AM), WEAM(AM)/(FM), WFXE(FM), and WKZJ(FM) Columbus
SELLER: Woodfin Group (B. Ken Woodfin, president)
FACILITIES: 92.7 MHz, 39 kW, ant. 551 ft.
FORMAT: Classic Rock
KUJ (FM) Walla Walla (Richland-Kennewick-Pasco), Wash.
PRICE: $1.68 million
BUYER: New Northwest Broadcasters LLC (Pete Benedetti, president/CEO); owns 36 other stations, including KALE(AM), KTCR(AM), KEGX(FM), KIOK(FM), and KNLT(FM) Richland-Kennewick-Pasco
SELLER: Tom Hodgins
FACILITIES: 99.1 MHz, 29 kW, ant. 623 ft.
FORMAT: CHR
WTPL(FM) Hillsboro (Manchester), N.H.
PRICE: $1.5 million
BUYER: Great Eastern Radio (Jeffrey D. Shapiro, managing member); owns no other stations
SELLER: Vox Media Corp. (Jeff Shapiro, COO)
FACILITIES: 107.7 MHz, 580 W, ant. 738 ft.
FORMAT: News/Talk/Sports
WQOP(FM) Dora (Birmingham), Ala.
PRICE: $1.15 million
BUYER: Crawford Broadcasting Co. (Donald B. Crawford, president); owns 28 other stations, including WYDE(AM)/FM and WDJC(FM) Birmingham
SELLER: Queen of Peace Radio Inc. (J. Christopher Williams, president)
FACILITIES: 92.5 MHz, 2 kW, ant. 548 ft.
FORMAT: Christian
BROKER: John Pierce of John Pierce and Co.
KBDD(FM) Winfield, Kan.
PRICE: $1.15 million
BUYER: Family Worship Center Church Inc. (Jimmy Swaggart, president/director); owns 17 other stations, none in this market
SELLER: American Family Association Inc. (Donald E. Wildmon, chairman)
FACILITIES: 91.9 MHz, 48 kW, ant. 492 ft.
FORMAT: Christian
KSJM(FM) Winfield (Wichita), Kans.
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 from Sherman Broadcast Group. The new partnership/company is named Carter Sherman Broadcast Group.
KIIC(FM) Lamoni, Iowa
PRICE: $450,000
BUYER: Iowa State University (William A McGinley, general manager); owns four other stations, none in this market
SELLER: Lifestyle Communications Corp. Receivership (Thomas H. Burke, receiver)
FACILITIES: 97.9 MHz, 50 kW, ant. 492 ft.
FORMAT: Country
KBKK(FM) Pillager, Minn.
PRICE: $360,000
BUYER: Tower Broadcasting Corp. (James R. Pryor, president); owns one other station, not in this market
SELLER: DJ Broadcasting Inc. (Dave Hoehne, owner)
FACILITIES: 95.9 MHz, 6 kW, ant. 240 ft.
FORMAT: Adult Standard
KDEP(FM) Garibaldi, Ore.
PRICE: $112,500
BUYER: Royal Communications Co. (Christopher Gilbreth, partner); owns no other stations
SELLER: Tom Hodgins
FACILITIES: 105.5 MHz, 320 W, ant. 1,181 ft.
FORMAT: Hot AC
KBKN(FM) Lamesa, Texas
PRICE: $108,000 (including six translator stations)
BUYER: La Promesa Foundation (Leonard Oswald, president/ secretary); owns one other station, not in this market
SELLER: IHR Educational Broadcasting (Douglas Sherman, president)
FACILITIES: 91.3 MHz, 250 W, ant. 157 ft.
FORMAT: Christian
AMs
WMKM(AM) Inkster (Detroit), Mich.
PRICE: $5.75 million
BUYER: Davidson Media Group (Peter Davidson, president); owns seven other stations, none in this market
SELLER: M. and K. Gallagher (Michael Gallagher, owner)
FACILITIES: 1440 kHz, 1 kW
FORMAT: Gospel
KSLG(AM) St. Louis
PRICE: $2.05 million
BUYER: Simmons Media Group Inc. (Craig Hanson, president); owns 17 other stations, none in this market
SELLER: New Horizon Church (B.T. Rice, president)
FACILITIES: 1380 kHz, 5 kW day/1 kW night
FORMAT: Sports
BROKER: MBT Enterprises Inc
KDBV(AM) Salinas (Monterey-Salinas-Santa Cruz), Calif.
PRICE: $850,000
BUYER: Centro Cristian Vida (Manuel S. Sanchez Sr., president); owns no other stations
SELLER: Wolfhouse Radio Group Inc. (Hector Villalobos, president)
FACILITIES: 980 kHz, 10 kW
FORMAT: Spanish/Christian
WPON(AM) Walled Lake (Detroit)
PRICE: $800,000
BUYER: Birach Broadcasting Corp. (Sima Birach, president); owns 10 other stations, including WNZK(AM) Detroit
SELLER: Foreign Radio Programs (Marie Fotion, general manager)
FACILITIES: 1460 kHz, 1 kW day/760 W night
FORMAT: Talk/Oldies
WCTR(AM) Chestertown, Md.
PRICE: $340,000
BUYER: WCTR Broadcasting LLC (Richard D. Gelfman, member); owns no other stations
SELLER: Riverside Broadcasting LLC (Brian Wilson, member)
FACILITIES: 1530 kHz, 1 kW
FORMAT: Soft Hits
KTTP(AM) Pineville (Alexandria), La.
PRICE: $180,000
BUYER: Metropolitan Broadcasting Network LLC (Randal A. Mangham, president/director); owns one other station, none in this market
SELLER: Peoples Broadcasting Network LLC (Otto Miller, manager)
FACILITIES: 1110 kHz, 2 kW
FORMAT: Ethnic/Gospel
BROKER: Holt Media Group
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2004 YTD* | 2003 Total | |||
| Source: BIA Financial Networks *As of 4/21/04 |
||||
| Number | value (000) | Number | value (000) | |
| Television | 32 | $116,476 | 70 | $500,601 |
| Radio | 306 | $582,440 | 899 | $2,345,204 |
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
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