Deals
By BIA Financial Networks -- Broadcasting & Cable, 3/30/2009 2:00:00 AM
TV
K52IS & KUIL-LP/Beaumont, KVHP-LP/Jasper, Texas
PRICE: $1 million
BUYER: Blue Bonnet Communications (Syd Dyer Jr., president)
SELLER: Blue Bonnet Communications (Syd Dyer Jr., president)
FACILITIES: K52IS: Ch. 52, 50 kW, ant. 527 ft.; KUIL-LP: Ch. 64, 150 kW, ant. 361 ft.; KVHP-LP: Ch. 66, 20 kW, ant. 476 ft.
AFFILIATION: KUIL-LP: Ind.; KVHP-LP: Fox
COMMENT: Syd Dyer Jr. and Lester Langley Jr. are selling 50% of the stock in Blue Bonnet Communications to Thomas Henning for $1 million.
W18BG/Danville, Va.
PRICE: $20,000
BUYER: Star News Corp. (Azile Roark, president)
SELLER: Tri-State Christian TV (Garth Coonce, president)
FACILITIES: Ch. 18, 7.5 kW, ant. 569 ft.
AFFILIATION: TBN
COMMENT: Payable in cash at closing; $4K escrow deposit.
WPHJ-CA/Vidalia, Ga.
PRICE: $10,500
BUYER: Southern Media Associates (Bill Garlen, president)
SELLER: Pebble Road Investments LLC (Christi Warren-Deal, manager)
FACILITIES: Ch. 46, 45.7 kW, ant 136 ft.
AFFILIATION: Ind.
COMMENT: $1K plus LMA fee of $9.5K.
RADIO
KBNP-AM/Portland, Ore.
PRICE: $1.09 million
TERMS: Stock sale
BUYER: KBNP Radio; owns no other stations
SELLER: Alan M. Gottlieb
FACILITIES: 1410 kHz, 5 kW day/9 W night
FORMAT: Business News
COMMENT: Seller is selling his 34% interest to the other two shareholders, increasing their stakes from 33% to 50%.
WWHK-FM/Concord, N.H.
PRICE: $950,000
TERMS: Stock sale
BUYER: Birch Broadcasting (Andrew Sumereau, president); owns no other stations
SELLER: Vox Media Corp. (Bruce Danziger, CEO)
FACILITIES: 102.3 MHz, 3 kW, ant. 285 ft.
FORMAT: Dark
BROKER: Richard A. Foreman Associates
COMMENT: Payable in cash at closing; $100K deposit. Buyer is assuming Nassau Broadcasting's rights to purchase the company's stock.
WTHG-FM/Hinesville (Savannah), Ga.
PRICE: $700,000
TERMS: Asset sale
BUYER: WRGO Radio LLC (Richard Pope, member/manager); owns two other stations, none in this market
SELLER: Tama Broadcasting (Scott Savage, receiver)
FACILITIES: 104.7 MHz, 12 kW, ant. 469 ft.
FORMAT: Classic Rock
BROKER: Hadden & Assoc. Media Brokers
COMMENT: Payable in cash at closing; $35K escrow deposit.
KNKN-FM & KRMX-AM/Pueblo, Colo.
PRICE: $500,000
TERMS: Asset sale
BUYER: Exodus Broadcasting (Dave Moore); owns no other stations
SELLER: Metropolitan Radio Group (Mark Acker, president)
FACILITIES: KNKN-FM: 106.9 MHz, 51 kW, ant. 110 ft.; KRMX-AM: 690 kHz, 250 W day/24 W night
FORMAT: KNKN-FM: Spanish/Variety; KRMX-AM:Mexican
BROKER: Jody McCoy of Media Services Group and John Pierce of John Pierce & Co. LLC
KREF-AM/Norman (Oklahoma City), Okla.
PRICE: $350,000
TERMS: Asset sale
BUYER: Metro Radio Group LLC (Randal Laffoon, managing member); owns no other stations
SELLER: Fox Broadcasting Co. (John Fox, president)
FACILITIES: 1400 kHz, 1 kW day/night
FORMAT: Sports
COMMENT: Payable in cash at closing; $10K escrow deposit.
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
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