Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 6/6/2004 8:00:00 PM
TVs
WNDS Derry, N.H.
PRICE: $28 million
BUYER: ShootingStar Broadcasting (Diane Sutter, president/ CEO)
SELLER: C T V of Derry Inc. (Gerald Q. Nash, chairman/ president)
FACILITIES: Ch. 50, 4790 kW, ant. 699 ft.
AFFILIATION: Ind.
BROKER: HT Capital Advisors LLC
KQOK Shawnee, Okla.
PRICE: $12.5 million
BUYER: Tyler Media Corp. (Ty Tyler, president)
SELLER: Equity Broadcasting Corp. (Greg W. Fess, executive vice president)
FACILITIES: Ch. 30, 5000 kW, ant. 830 ft.
AFFILIATION: Ind.
BROKER: Kalil and Co. Inc.
KFXB Dubuque, Iowa
PRICE: Undisclosed
BUYER: Christian TV Network (Robert D'Andrea, president)
SELLER: Dubuque TV LP (Thomas G. Bond, general
partner)
FACILITIES: Ch. 40, 5000 kW, ant. 873 ft.
AFFILIATION: Fox
Combos
WKSN(AM) and WHUG(FM) Jamestown, N.Y.; WQFX(FM) Russell, Pa.
PRICE: $4.5 million
BUYER: Media One Group LLC (James T. Embrescia, managing member); owns two other stations, including WJTN(AM) and WWSE(FM) Jamestown, N.Y.
SELLER: Vox Media Corp. (Jeff Shapiro, COO)
FACILITIES: WKSN(AM): 1340 kHz, 500 W day/1 kW night; WHUG(FM): 101.9 MHz, 6 kW, ant. 328 ft.; WQFX(FM): 103.1 MHz, 3 kW, ant. 351 ft.
FORMAT: WKSN(AM): Oldies; WHUG(FM): Country; WQFX(FM): Classic Rock
BROKER: Richard A. Foreman of Richard A. Foreman Associates Inc. and Michael J. Bergner of Bergner and Co.
KBOV(AM) and KIBS(FM) Bishop, Calif.
PRICE: $965,000
BUYER: Great Country Broadcasting Inc. (Stephen Miller, president/director); owns no other stations
SELLER: Great Country Broadcasting Inc. (John Dailey, president)
FACILITIES: KBOV(AM): 1230 kHz, 1 kW day/night; KIBS(FM): 100.7 MHz, 1 kW, ant. 2,959 ft.
FORMAT: KBOV(AM): Oldies; KIBS(FM): Country
COMMENT: Stephen Miller and Lauren Brandt are buying all of the shares held by John Edward Dailey and Sandra Jean Dailey in Great Country Broadcasting Inc.
FMs
KESO(FM) and KZSP(FM) South Padre Island (McAllen-Brownsville-Harlingen), Texas
PRICE: $6.6 million
BUYER: BMP Radio LP (Rafael G. Garza, chairman of board); owns nine other stations, including KSOX(AM), KURV(AM), KILM(FM), and XCAO(FM) McAllen-Brownsville-Harlingen
SELLER: Alternative Broadcasting Corp. (Susan Lundborg, president)
FACILITIES: KESO(FM): 92.7 MHz, 38 kW, ant. 466 ft.; KZSP(FM): 95.3 MHz, 6 kW, ant. 328 ft.
FORMAT: KESO(FM): Alternative; KZSP(FM): Jazz/ Rhythm & Blues
BROKER: Holt Media Group
KQLQ(FM) Columbia, KXRR(FM) Monroe, KMYY(FM) Rayville, and KZRZ(FM) West Monroe (Monroe), La.
PRICE: $6.25 million
BUYER: Opus Media Partners LLC (Richard Linhart, chairman); owns no other stations
SELLER: Monroe Radio Partners Inc. (Mike Schwartz, president)
FACILITIES: KQLQ(FM): 103.1 MHz, 25 kW, ant. 328 ft.; KXRR(FM): 106.1 MHz, 97 kW, ant. 1,017 ft.; KMYY(FM): 92.3 MHz, 12 kW, ant. 486 ft.; KZRZ(FM): 98.3 MHz, 50 kW, ant. 492 ft.
FORMAT: KQLQ(FM): Oldies; KXRR(FM): Classic Rock; KMYY(FM): Country; KZRZ(FM): AC
WBMF(FM) Crete (Chicago), WAWF(FM) Kankakee and WWGN(FM) Ottawa, Ill.
PRICE: $1 million
BUYER: Family Worship Center Church Inc. (Jimmy Swaggart, president/director); owns 18 other stations, none in this market
SELLER: American Family Association Inc. (Donald E. Wildmon, chairman)
FACILITIES: WBMF(FM): 88.1 MHz, 90 W, ant. 374 ft.; WAWF(FM): 88.3 MHz, 1 kW, ant. 285 ft.; WWGN(FM): 88.9 MHz, 2 kW, ant. 646 ft.
FORMAT: WBMF(FM): Religion; WAWF(FM): Christian; WWGN(FM): Christian
WHIR(FM) Danville, Ky.
PRICE: $1 million
BUYER: Baldwin Broadcasting (Vernon Baldwin, owner); owns seven other stations, none in this market
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: 107.1 MHz, 5 kW, ant. 157 ft.
FORMAT: Country
BROKER: John Pierce of John Pierce and Co.
WWNF(FM) Kinston (Greenville-New Bern-Jacksonville), N.C.
PRICE: $875,000
BUYER: Curtis Media Group (Donald W. Curtis, president/ CEO); owns 19 other stations, none in this market
SELLER: Archway Broadcasting Group LLC (Al Vicente, president/CEO)
FACILITIES: 97.7 MHz, 3 kW, ant. 249 ft.
FORMAT: Country
BROKER: George Reed of Media Services Group
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| Number | value (000) | Number | value (000) | |
| 2004 YTD* | 2003 Total | |||
| Source: BIA Financial Networks *As of 6/2/04 |
||||
| Television | 44 | $311,238 | 70 | $500,601 |
| Radio | 374 | $869,302 | 896 | $2,344,977 |
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
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