Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 9/5/2004 8:00:00 PM
TVs
WBXD-CA Detroit
PRICE:
$1.25 million
BUYER:
Equity Broadcasting Corp. (Greg W. Fess, executive VP)
SELLER:
The Box Worldwide LLC (Amy Brown)
FACILITIES: Ch. 23, 50 kW, ant. 686 ft.
AFFILIATION: Ind.
Combos
KGMZ(FM) Aiea (Honolulu), Hawaii
PRICE: $6.6 million
BUYER: Cox Broadcasting (Marc W. Morgan, executive VP/COO); owns 77 other stations, including KHCM(AM), KHNR(AM), KCCN(FM), KINE(FM), KRTR(FM) and KXME(FM) Honolulu
SELLER: Honolulu Broadcasting Inc. (Joanne Giddens, personal representative)
FACILITIES: 107.9 MHz, 100 kW, ant. 1,965 ft.
FORMAT: Oldies
COMMENT: Cox Radio Inc. is exercising its option to buy KGMZ and will exchange its assets for KHNR(AM) Honolulu and KHCM(AM) Waipahu, Hawaii, two stations it's buying from Salem Communications.
KGMZ(FM) Aiea (Honolulu)
PRICE: Swap
BUYER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO); owns 97 other stations, including KGU(AM), KJPN(AM), KAIM(AM) and (FM), KHNR(FM) and KHUI(FM) Honolulu
SELLER: Cox Broadcasting (Marc W. Morgan, executive VP/COO)
FACILITIES: 107.9 MHz, 100 kW, ant. 1,965 ft.
FORMAT: Oldies
COMMENT: see item above
KHNR(AM) Honolulu and KHCM(AM) Waipahu (Honolulu)
PRICE: Swap
BUYER: Cox Broadcasting (Marc W. Morgan, executive VP/COO); owns 76 other stations, including KCCN(FM), KINE(FM), KRTR(FM) and KXME(FM) Honolulu
SELLER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO)
FACILITIES: KHNR(AM): 650 kHz, 10 kW; KHCM(AM): 940 kHz, 10 kW
FORMAT: KHNR(AM): News/ Talk; KHCM(AM): Country
COMMENT: see two items above
WPHB(AM) and WUBZ(FM) Philipsburg (State College), Pa.
PRICE: $2.02 million
BUYER: Magnum Broadcasting Inc. (Michael Stapleford, president); owns one other station, not in this market
SELLER: Moshannon Valley Broadcasting Network Inc. (Laura S. Mack, president)
FACILITIES: WPHB(AM): 1260 kHz, 5 kW day/34 W night; WUBZ(FM): 105.9 MHz, 710 W, ant. 951 ft.
FORMAT: WPHB(AM): Country; WUBZ(FM): Modern Rock
WCCY(AM), WHKB(FM) and WOLV(FM) Houghton, Mich.
PRICE: $1.63 million
BUYER: Heartland Communications Group LLC (Thomas L. Bookey, managing member); owns eight other stations, none in this market
SELLER: Tu-Mar Broadcasting Inc. (Richard Tuisku, president)
FACILITIES: WCCY(AM): 1400 kHz, 1 kW; WHKB(FM): 102.3 MHz, 6 kW, ant. 548 ft.; WOLV(FM): 97.7 MHz, 7 kW, ant. 591 ft.
FORMAT: WCCY(AM): Nostalgia/ Sports; WHKB(FM): Country; WOLV(FM): Classic Rock
COMMENT: Heartland Communications Group is buying 2,000 shares in Tu-Mar Broadcasting Inc. for $1.627 million.
FMs
KVNA(FM) Flagstaff (Flagstaff-Prescott)
PRICE: $22.6 million
BUYER: KVNA Acquisition LLC (James F. Wade, president); owns no other stations
SELLER: 3 Points Media LLC (Bruce Buzil, manager)
FACILITIES: 97.5 MHz, 100 kW, ant. 1,509 ft.
FORMAT: AC
BROKER: Thomas Gammon of Americom
KTTA(FM) Esparto (Sacramento) and KEJC(FM) Modesto, Calif.
PRICE: $21.7 million
BUYER: Bustos Media Holdings LLC (Amador S. Bustos, owner/president); owns 18 other stations, none in this market
SELLER: Aztec Media Inc. (Angelica Balderas, president)
FACILITIES: KTTA(FM): 97.9 MHz, 6 kW, ant. 328 ft.; KEJC(FM): 93.9 MHz, 4 kW, ant. 404 ft.
FORMAT: KTTA(FM): Mexican; KEJC(FM): Spanish
KFMR(FM) Sun City West (Phoenix)
PRICE: $18.7 million
BUYER: Sun City Communications LLC (Michael Cutchall, manager/member); owns no other stations
SELLER: Desert West Air Ranchers Corp. (Ted Tucker, president)
FACILITIES: 95.1 MHz, 36 kW, ant. 2,599 ft.
FORMAT: Dark
BROKER: Kalil and Co. Inc.
WCAL(FM) Northfield and KMSE(FM) Rochester, Minn.
PRICE: $10.5 million
BUYER: Minnesota Public Radio (William H. Kling, president); owns 34 other stations, including KLSE(FM) and KZSE(FM) Rochester
SELLER: St. Olaf College (Christopher M. Thomforde, president)
FACILITIES: WCAL(FM): 89.3 MHz, 98 kW, ant. 768 ft.; KMSE(FM): 88.7 MHz, 250 W, ant. 532 ft.
FORMAT: WCAL(FM): Classical; KMSE(FM): Classical
BROKER: Greg Guy of Patrick Communications
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2004 YTD* | 2003 Total | |||
| Number | value (000) | Number | value (000) | |
| Source: BIA Financial Networks *As of 9/1/04 |
||||
| Television | 55 | $390,288 | 70 | $500,601 |
| Radio | 604 | $1,395,785 | 883 | $2,324,652 |
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
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