Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 5/23/2004 8:00:00 PM
TVs
KBTV(LP) Sacramento, Calif.
PRICE: $1,550,000
BUYER:
Moon Shot Communications LLC (Frank Washington, chairman/CEO/manager)
SELLER:
Incisor Communications LLC (Michael Mintz, member)
FACILITIES: Ch. 8, 3 kW
AFFILIATION: Ind.
WXIV(LP) Reidsville, N.C.
PRICE: $350,000
BUYER: Starnews Corp. (Azile Roark, president)
SELLER: Carolina Blue Communications (Daniel Falinsky, president)
FACILITIES: Ch. 14, 6.69 kW
AFFILIATION: Ind.
KNAV(LP) Corsicana, Texas
PRICE: $150,000
BUYER: Tuck Properties Inc. (Norwood Orrick, secretary)
SELLER: Navarro College (Linda D. Timmerman, VP)
FACILITIES: Ch. 28, 3.6 kW
AFFILIATION: Ind.
WLLB(LP) Portland, Me.
PRICE: $100,000
BUYER: Daystar Television Network (Marcus Lamb, president/CEO)
SELLER: Carter Broadcasting Corp. (Kenneth Carberry, president)
FACILITIES: Ch. 15, 6.5 kW
K60FH Boise, Idaho
PRICE: $50,000
BUYER: Gary M. Cocola Family Trust (Gary M. Cocola, trustee)
SELLER: MS Communications LLC (Mark Silberman, manager)
FACILITIES: Ch. 60, 0.007 kW
Combos
KFNS(AM) Wood River (St. Louis), Ill.; KRFT(AM) Desoto and KFNS(FM) Troy (St. Louis), Mo.
PRICE: $11.5 million
BUYER: Big League Broadcasting (Andrew Saltzman, |co-president); owns no other stations
SELLER: All Sports Radio LLC (Greg Marecek, president)
FACILITIES: KFNS(AM): 590 kHz, 1 kW; KRFT(AM): 1190 kHz, 10 kW day/22 W night; KFNS(FM): 100.7 MHz, 6 kW, ant. 328 ft.
FORMAT: KFNS(AM): Sports; KRFT(AM): Sports; KFNS(FM): Sports
BROKER: Eddie Esserman of Media Services Group and Bill Cate of Sunbelt Media
WTOT(AM) and WJAQ(FM) Marianna, Fla.
PRICE: $800,000
BUYER: Stage Door Development (H. Jack Mizell, president); owns three other stations, none in this market
SELLER: BRO Management Inc. (Ed Curely, general manager)
FACILITIES: WTOT(AM): 980 kHz, 1 kW day/340 W night; WJAQ(FM): 100.9 MHz, 6 kW, ant. 331 ft.
FORMAT: WTOT(AM): Nostalgia; WJAQ(FM): Country
BROKER: Gordon Rice Associates
FMs
KCUA(FM) Coalville, Utah
PRICE: $1.7 million
BUYER: 3 Points Media LLC (Bruce Buzil, manager); owns nine other stations, none in this market
SELLER: Millcreek Broadcasting LLC (Bruce Buzil, managing member)
FACILITIES: 92.5 MHz, 20 kW, ant. 295 ft.
FORMAT: AAA
COMMENT: Millcreek Broadcasting and 3 Point are commonly controlled.
WLCY(FM) Blairsville, Pa.
PRICE: $900,000
BUYER: Renda Broadcasting Corp. (Anthony F. Renda, president); owns 22 other stations, none in this market
SELLER: Longo Media Group Inc. (John A Longo, president/ general manager)
FACILITIES: 106.3 MHz, 2 kW, ant. 364 ft.
FORMAT: AC
AMs
KSGO(AM) Centerville (Salt Lake City-Ogden-Provo), Utah
PRICE: $1.5 million
BUYER: Bustos Media Holdings LLC (Amador S. Bustos, owner/ president); owns eight other stations, including KDUT(FM) Salt Lake City-Ogden-Provo
SELLER: Lobo Broadcasting Corp. (Angela Oralia Correa, president)
FACILITIES: 1600 kHz, 5 kW day/1 kW night
FORMAT: Spanish/Oldies
WGAD(AM) Gadsden, Ala.
PRICE: $10
BUYER: Riverview Broadcasting Inc. (Gerald Dilts, president); owns no other stations
SELLER: DeKalb County Community Radio Inc. (Gerald E. Dilts, president)
FACILITIES: 1350 kHz, 5 kW day/1 kW night
FORMAT: Oldies
COMMENT: Dilts is 100% owner of Riverview and 51% owner of DeKalb County Community Radio.
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2004 YTD* | 2003 TOTAL | |||
| Number | Value (000) | Number | Value (000) | |
| Source: BIA Financial Networks *As of 5/19/04 |
||||
| Television | 40 | $258,738 | 70 | $500,601 |
| Radio | 345 | $741,543 | 898 | $2,345,204 |
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