Deals
By BIA Financial Networks -- Broadcasting & Cable, 12/11/2005 7:00:00 PM
TVs
WCGT(LP) Columbus, Ga.
PRICE: $300,000
BUYER: Christian Television Network Inc. (Robert D’Andrea, president)
SELLER: Columbus Television Inc. (Virgil Thompson, president/secretary)
FACILITIES: Ch. 16, 8.2 kW, ant. 599 ft.
AFFILIATION: Ind.
K28HS, K30HB, K32GB and K36GJ Agana, Guam
PRICE: $15,000
BUYER: E.C. Development Ventures (Jay L. Lather, CEO)
SELLER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
FACILITIES: K28HS: Ch. 28, 0.15 kW; K30HB: Ch. 30, 0.15 kW; K32GB: Ch. 32, 0.15 kW; K36GJ: Ch. 36, 0.15 kW
AFFILIATION: K28HS: TBN; K30HB: TBN; K32GB: TBN; K36GJ: TBN
BROKER: Hadden and Associates
W40BU Panama City, Fla.
PRICE: $7,000
BUYER: Ralph Fytton (Ralph Fytton, owner)
SELLER: Michael Mintz (Michael Mintz, owner)
FACILITIES: Ch. 40, 20.51 kW
K53IX Big Spring, Texas
PRICE: $6,100
BUYER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
SELLER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
FACILITIES: Ch. 53, 7.9 kW, ant. 587 ft.
COMBOS
WKEY(AM) and WIQO(FM) Covington, Va.; WKCJ(FM) Lewisburg and WSLW(AM) White Sulphur Spring, W.Va.
PRICE: $1.3 million
BUYER: Todd Robinson; owns two other stations, none in this market
SELLER: Quorum Radio Partners (Todd Fowler, chairman/CEO)
FACILITIES: WKEY(AM): 1340 kHz, 1 kW; WIQO(FM): 100.9 MHz, 560 W, ant. 1,060 ft.; WKCJ(FM): 103.1 MHz, 3 kW, ant. 896 ft.; WSLW(AM): 1310 kHz, 5 kW
FORMAT: WKEY(AM): Oldies; WIQO(FM): Country; WKCJ(FM): Country; WSLW(AM): Oldies
COMMENT: Stations’ assets are being sold per an order by the U.S. Bankruptcy Court for the Western District of Virginia.
WBIL(AM) Tuskegee and WQSI(FM) Union Springs, Ala.
PRICE: $350,000
BUYER: Tiger Communications Inc. (Thomas Hayley, president); owns four other stations, including WTGZ(FM) Tuskegee
SELLER: H&H Communications LLC (Fred R. Hughey, member)
FACILITIES: WBIL(AM): 580 kHz, 500 W day/139 W night; WQSI(FM): 93.9 MHz, 13 kW, ant. 469 ft.
FORMAT: WBIL(AM): Gospel; WQSI(FM): Country
COMMENT: Hughey is selling his 50% membership interest in H&H to Tiger Communications Inc., making Tiger 100% owner. Hayley is 96.5% shareholder of Tiger.
FMs
KCOO(FM) Coolidge, Ariz.
PRICE: $2.5 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 157 other stations, none in this market
SELLER: Living Proof Inc. (Daniel McClenaghan, president)
FACILITIES: 89.9 MHz, 10 kW, ant. 3,026 ft.
FORMAT: Christian Contemporary
KAZZ(FM) Deer Park (Spokane), Wash,
PRICE: $1.75 million
BUYER: Proactive Communications Inc. (Gerald D. Clifton, CEO); owns one other station, not in this market
SELLER: First Broadcasting Investment Partners LLC (Gary M. Lawrence, president/vice chairman)
FACILITIES: 107.1 MHz, 25 kW, ant. 328 ft.
FORMAT: Smooth Jazz
BROKER: Kalil and Co. Inc.
NEW (FM)(CP) Aurora (Greenville-New Bern-Jacksonville), N.C.
PRICE: $757,000
BUYER: Pathway Christian Academy Inc. (T.D. Worthington, president); owns one other station, WAGO(FM) Greenville-New Bern-Jacksonville
SELLER: Eastern Carolina Public Radio (Barry Keith Eckhardt, president)
FACILITIES: 91.1 MHz, 40 kW, ant. 351 ft.
FORMAT: CP–NOA
BROKER: Media East LLC
AMs
KFUN(AM) Las Vegas, N.M.
PRICE: $400,000
BUYER: Baca Broadcasting LLC (Joseph P. Baca, managing member); owns no other stations
SELLER: Meadows Media LLC (William R. Sims, managing member)
FACILITIES: 1230 kHz, 1 kW
FORMAT: Country/Spanish
KVSF(AM) Santa Fe, N.M.
PRICE: $350,000
BUYER: Hutton Media LLC (Edward Hutton Jr., member/president); owns one other station, KQBA(FM) Santa Fe
SELLER: American General Media (L. Rogers Brandon, VP)
FACILITIES: 1400 kHz, 1 kW
FORMAT: Sports
COMMENT: Hutton has been operating the station under an LMA since Sept. 1.
KTOZ(AM) Springfield, Mo.
PRICE: $275,000
BUYER: Meyer Communications Inc. (Kenneth E. Meyer, president); owns four other stations, including KWTO(AM)/(FM) and KTXR(FM) Springfield
SELLER: T.E.N. USA Inc. (Matthew B. Johnson, personal rep, R.R. Johnson Estate)
FACILITIES: 1060 kHz, 500 W
FORMAT: MOR
Information Provided By: BIA Financial Networks' Media Access Pro. Chantilly, Va., www.bia.com
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