Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 8/29/2004 8:00:00 PM
TVs
KGNS-TV Laredo, Tex.
PRICE: $14.4 million
BUYER: Sagamore Hill Broadcasting (Louis Wall, president)
SELLER: Malcolm I. Glazer (Malcolm I. Glazer, owner)
FACILITIES: Ch. 8, 316 kW, ant. 1,024 ft.
AFFILIATION: NBC
BROKER: Kalil & Co.
KCBU Provo, Utah
PRICE: $9.5 million
BUYER: Univision Communications Inc. (A. Jerrold Perenchio, chairman/CEO)
SELLER: Gary M. Cocola Trust (Gary M. Cocola, trustee)
FACILITIES: Ch. 32, 2,990 kW, ant. 2,707 ft.
AFFILIATION: Ind.
WGTW(TV) Burlington, N.J.
PRICE: $7 million plus assumption of $41 million in debt
BUYER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
SELLER: Brunson Comm-unications Inc. (Dorothy E. Brunson, president/GM)
FACILITIES: Ch. 48, 2,340 kW, ant. 1,099 ft.
AFFILIATION: Ind.
BROKER: Kalil & Co.
W13BY State College, Pa.
PRICE: $49,000
BUYER: Pathway Community Radio Inc. (Sinan Mimaroglu, president)
SELLER: George Kimble (George Kimble, owner)
FACILITIES: Ch. 17, 130 kW
W28BO Acton, Tenn.
PRICE: $35,000
BUYER: Summit Media Inc. (Rubin Rodriguez Jr., president)
SELLER: Norman Cloutier (Norman Cloutier, owner)
FACILITIES: Ch. 28, 11.9 kW
K34HL Helena, Mont.
PRICE: $25,000
BUYER: Western Family Television (Roger Lonnquist, chairman)
SELLER: Amanda Orrick (Amanda Orrick, member)
FACILITIES: Ch. 34, 10 kW, ant. 794 ft.
W65EF Ocean City, Md.
PRICE: $7,000
BUYER: Jeff Chang/Chris McHale General Partners (Jeff Chang, general partner)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 65, 7 kW, ant. 398 ft.
W63DC Ocean City, Md.
PRICE: $7,000
BUYER: Jeff Chang/Chris McHale General Partners (Jeff Chang, general partner)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 63, 11.2 kW, ant. 397 ft.
AFFILIATION: TBN
K32GJ Kailua-Kona, Hawaii
PRICE: $7,000
BUYER: Chang Broadcasting Hawaii LLC (Jeff Chang, member)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 32, 5 kW, ant. 2,842 ft.
W58DH Ocean City, Md.
PRICE: $5,550
BUYER: LKK Group Corp. (Keith Bass, managing member)
SELLER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
FACILITIES: Ch. 58, 6.3 kW
W67EA Salisbury, Md.
PRICE: $5,400
BUYER: LKK Group Corp. (Keith Bass, managing member)
SELLER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
FACILITIES: Ch. 67, 10 kW
AFFILIATION: TBN
Combos
KCLX(AM), KMAX(AM) and KRAO(FM) Colfax and KZZL(FM) Pullman, Wash.
PRICE: $1.1 million
BUYER: Inland Northwest Broadcasting LLC (Robert Prasil, president); owns no other stations
SELLER: Palouse Country Inc. (Robert Hauser, president)
FACILITIES: KCLX(AM): 1450 kHz, 1 kW day/900 W night; KMAX(AM): 840 kHz, 10 kW day/280 W night; KRAO(FM): 102.5 MHz, 2 kW, ant. 1,079 ft.; KZZL(FM): 99.5 MHz, 77 kW, ant. 1,060 ft.
FORMAT: KCLX(AM): Country; KMAX(AM): Talk; KRAO(FM): Classic Rock; KZZL(FM): Country
BROKER: Greg Guy of Patrick Communications
WUFF(AM) and WUFF(FM) Eastman, Ga.
PRICE: $450,000
BUYER: Dodge Broadcasting Inc. (Steve Sellers, president); owns no other stations
SELLER: Farnell O'Quinn
FACILITIES: WUFF(AM): 710 kHz, 3 kW; WUFF(FM): 97.5 MHz, 2 kW, ant. 371 ft.
FORMAT: WUFF(AM): Country; WUFF(FM): Country
FMs
WABZ(FM) Indian Trail (Charlotte-Gastonia-Rock Hill), N.C.
PRICE: $11.5 million
BUYER: Radio One Inc. (Alfred Liggins, CEO/president); owns 67 other stations, including WQNC(FM) Charlotte-Gastonia-Rock Hill
SELLER: Susquehanna Radio Corp. (David E. Kennedy, president/COO)
FACILITIES: 100.9 MHz, 6 kW, ant. 328 ft.
FORMAT: Gospel
KQST(FM) Sedona (Flagstaff-Prescott), Ariz.
PRICE: $3 million
BUYER: W. Grant Hafley; owns nine other stations, including KVNA(AM), KYBC(AM), KVRD(FM) and KZGL(FM) Flagstaff-Prescott
SELLER: Rocket Radio Corp. (John Low, president)
FACILITIES: 102.9 MHz, 90 kW, ant. 1,480 ft.
FORMAT: CHR
WACR(FM) Okolona (Tupelo), Miss.
PRICE: $2.2 million
BUYER: Clear Channel Communications (John Hogan, CEO, radio); owns 1,204 other stations, including WKMQ(AM), WTUP(AM), WBIP(FM), WESE(FM), WWKZ(FM) and WWZD(FM) Tupelo
SELLER: T & W Communications Inc. (Bennie Turner, president)
FACILITIES: 103.9 MHz, 50 kW, ant. 394 ft.
FORMAT: Urban AC
KFLZ(FM) Bishop (Corpus Christi), Tex.
PRICE: $550,000
BUYER: Gerald G. Benavides (Gerald G. Benavides, owner); owns one other station, not in this market
SELLER: Davila Broadcasting Inc. (Manuel Davila, owner)
FACILITIES: 106.9 MHz, 25 kW, ant. 299 ft.
FORMAT: Modern Rock
WVMH(FM) Mars Hill (Asheville), N.C.
PRICE: $177,000
BUYER: Western North Carolina Public Radio (G. Edward Towson, chairman); owns two other stations, including WCQS(FM) Asheville
SELLER: Mars Hill College (Dr. Dan G. Lunsford, president)
FACILITIES: 90.5 MHz, 300 W, ant. -262 ft.
FORMAT: Variety
KSRD(FM)(CP) St. Joseph, Mo.
PRICE: $10,600
BUYER: Horizon Christian (Michael MacIntosh, president/director); owns one other station, not in this market
SELLER: Calvary Chapel of St Joseph Inc. (Pat Wood, pastor/president)
FACILITIES: 91.9 MHz, 10 kW, ant. 492 ft.
FORMAT: CP—NOA
AMs
WTRI(AM) Brunswick (Frederick), Md.
PRICE: $1.6 million
BUYER: Tricaster Communications LLC (Martin F Sheehan, managing member); owns no other stations
SELLER: JMK Communications (Grant Chang, president)
FACILITIES: 1520 kHz, 17 kW
FORMAT: Korean
BROKER: Blackburn & Co. Inc.
KXKS(AM) Albuquerque, N.M.
PRICE: $775,000
BUYER: Wilkins Communications Network Inc. (Robert Wilkins, president); owns nine other stations, none in this market
SELLER: Mortenson Broadcasting Co. Inc. (Jack Mortenson, president)
FACILITIES: 1190 kHz, 10 kW day/24 W night
FORMAT: Mexican
BROKER: John Pierce of John Pierce & Co.
KYFO(AM) Ogden (Salt Lake City-Ogden-Provo), Utah
PRICE: $520,000
BUYER: Legacy Communications Corp. (E. Morgan Skinner Jr., president/CEO); owns eight other stations, none in this market
SELLER: Bible Broadcasting Network (Lowell Davey, president)
FACILITIES: 1490 kHz, 1 kW
FORMAT: Christian
WWNA(AM) Aguadilla, P.R.
PRICE: $500,000
BUYER: Dominga Barreto Santiago (Dominga Barreto Santiago, owner); owns no other stations
SELLER: Aureo Matos, et al (Aureo Matos, owner)
FACILITIES: 1340 kHz, 950 W
FORMAT: Spanish/Beautiful Music/Talk
WTKZ(AM) Allentown (Allentown-Bethlehem), Pa.
PRICE: $500,000
BUYER: Nassau Broadcasting Partners LP (Louis Mercatanti Jr., president/chairman); owns 43 other stations, including WEEX(AM), WYNS(AM), WODE(FM) and WWYY(FM) Allentown-Bethlehem
SELLER: Mega Communications Inc. (Adam Lindemann, chairman/president/CEO)
FACILITIES: 1320 kHz, 750 W day/195 W night
FORMAT: Spanish AC
BROKER: Minority Media and Telecommunications Council
KXLQ(AM) Indianola (Des Moines), Iowa
PRICE: $360,000
BUYER: KXLQ Insight Sports LLC (Adam Natenshon, managing member); owns no other stations
SELLER: Warren Broadcasting Inc. (Dwaine F. Meyer, president)
FACILITIES: 1490 kHz, 500 W day/1 kW night
FORMAT: Sports
KUND(AM) Grand Forks, N.D.
PRICE: $317,100
BUYER: Ave Maria Radio (Paul MacLeod, president/director); owns no other stations
SELLER: University of North Dakota (Michael Olson, general manager)
FACILITIES: 1370 kHz, 1 kW day/250 W night
FORMAT: AAA
KNED(AM) McAlester, Okla.
PRICE: $222,223
BUYER: Southeastern Oklahoma Radio LLC (Richard C. Lerbrance, member); owns three other stations: KTMC(AM), KTMC(FM) and KMCO(FM) McAlester
SELLER: Little Dixie Radio (Paul Brown, general manager)
FACILITIES: 1150 kHz, 1 kW day/500 W night
FORMAT: Country
WRFS(AM) Alexander City, Ala.
PRICE: $175,000
BUYER: Joy Christian Communications Inc. (Ed L. Smith, president); owns two other stations, none in this market
SELLER: Casey Network LLC (Jimmy Jarrell, president/CEO)
FACILITIES: 1050 kHz, 1 kW day/48 W night
FORMAT: AC
BROKER: Hadden and Associates Media Brokers
KTUE(AM) Tulia, Texas
PRICE: $150,000
BUYER: La Radio Cristiana Network Inc. (Paulino Bernal Jr., president); owns 17 other stations, none in this market
SELLER: Dove Media Inc. (Bruce H. Campbell, VP)
FACILITIES: 1260 kHz, 1 kW day/53 W night
FORMAT: Spanish/Christian
KBHS(AM) Hot Springs, Ark.
PRICE: $140,000
BUYER: Noalmark Broadcasting Corp. (William C. Nolan Jr., president); owns 15 other stations, including KXOW(AM) and KLAZ(FM) Hot Springs
SELLER: J & A Inc. (Peggy J. Cook, administratrix)
FACILITIES: 590 kHz, 5kW
FORMAT: Dark
WREV(AM) Reidsville, N.C.
PRICE: $125,000
BUYER: Estuardo Rodriquez (Estuardo Valdemar Rodriguez, joint tenant); owns three other stations, none in this market
SELLER: HHGD Broadcasting Co. (Alfonso Fernandez, president)
FACILITIES: 1220 kHz, 1 kW
FORMAT: Christian
BROKER: Ted Gray of Graycasting Media
NEW (AM)(CP) Bend, Ore.
PRICE: $90,000
BUYER: UCB USA Inc. (Perry A. Atkinson, president); owns one other station, not in this market
SELLER: F&L Broadcast Development Corp. (Jerry J. Collins, president/chairman)
FACILITIES: 1170 kHz, 50 kW day/550 W night
FORMAT: CP-NOA
WAPZ(AM) Wetumpka (Montgomery), Ala.
PRICE: $65,000
BUYER: Contemporary Media Inc. (Michael S. Rice, president); owns no other stations
SELLER: J.W. Darity Broadcasting Corp. (Johnny E. Roland, president)
FACILITIES: 1250 kHz, 5 kW day/80 W night
FORMAT: Gospel/R&B/Urban
WCMA(AM) Corinth, Miss.
PRICE: $45,000
BUYER: New Mind Broadcasting LLC (John H. Beebe, manager); owns two other stations, none in this market
SELLER: Power Valley Communications Inc. (Rick Biddle, president)
FACILITIES: 1230 kHz, 1 kW
FORMAT: Oldies
WRMS(AM) Beardstown, Ill.
PRICE: $23,189
BUYER: Covenant Network (John Anthony Holman, president/director); owns five other stations, none in this market
SELLER: Conner Family Broadcasting (John Conner, president)
FACILITIES: 790 kHz, 500 W day/59 W night
FORMAT: Country
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| NUMBER | VALUE (000) | NUMBER | VALUE (000) | |
| 2004 YTD* | 2003 Total | |||
| Source: BIA Financial Networks *As of 8/25/04 |
||||
| Television | 55 | $390,288 | 70 | $500,601 |
| Radio | 583 | $1,323,431 | 884 | $2,324,752 |
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
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