Deals
BIA Financial Networks -- Broadcasting & Cable, 6/15/2009 2:00:00 AM EDT
TV
KKYK (DT)/Camden, KTVV-LP/Hot Springs, KHTE-LP, KHUG-LP & KKYK-CA/Little Rock and KWBK-LP/Pine Bluff, Ark.
PRICE: $1.150 million
BUYER: Bank of Little Rock
SELLER: Equity Media Holdings Corp. (Jason Roberts, secretary)
FACILITIES: KKYK (DT): DTV Ch. 49, 1,000 kW, ant. 600 ft.; KTVV-LP: Ch. 18, 150 kW, ant. 801 ft.; KHTE-LP: Ch. 50, 150 kW, ant. 463 ft.; KHUG-LP: Ch. 14, 15.5 kW, ant. 358 ft.; KKYK-CA: Ch. 20, 150 kW; KWBK-LP: Ch. 45, 150 kW, ant. 502 ft.
BROKER: PatrickCommunications
WTNB-CA/Cleveland, Tenn.
PRICE: $350,000
BUYER: PTP Holdings LLC (Joe Palo, manager/member)
SELLER: North Georgia Television (Doug Jensen, president)
FACILITIES: Ch. 27, 5.88 kW, ant. 381 ft.
AFFILIATION: Ind.
COMMENT: $10K deposit plus $90K cash at closing plus $250K promissory note.
W63CK & WOIL-LP/Talladega, Ala.
PRICE: $200,000
BUYER: Joseph V. Early
SELLER: Sanctuary Broadcasting (Freddie Edwards, president)
FACILITIES: W63CK: Ch. 63, 5.5 kW, ant. 59 ft.; WOIL-LP: Ch. 47, 22.5 kW, ant. 1,118 ft.
AFFILIATION: W63CK: Ind.; WOIL-LP: Ind.
COMMENT: $2K pre-paid plus $198K at closing.
KOHA-LP/Omaha, Neb.
PRICE: $150,000
BUYER: Daystar Television Network (Marcus Lamb, president/CEO)
SELLER: Cathleen D. Hancock
FACILITIES: Ch. 48, 150 kW, ant. 1,833 ft.
AFFILIATION: Ind.
BROKER: Greg Guy of Patrick Communications
COMMENT: $7,500 escrow deposit; balance in cash at closing.
RADIO
KCYE-FM/North Las Vegas and KBET-AM/Winchester (LasVegas), Nev.
PRICE: $15.25 million
TERMS: Asset sale for cash
BUYER: Royce International Broadcasting Co. (Edward Stolz II, president/CEO); owns one other station, not in this market
SELLER: Beasley Broadcast Group (George Beasley, chairman/CEO)
FACILITIES: KCYE-FM: 104.3 MHz, 25 kW, ant. 3,701 ft.; KBET-AM: 790 kHz, 1 kW day/300 W night
FORMAT: KCYE-FM: Country; KBET-AM: Country/Sports
BROKER: Michael J. Bergner of Bergner & Co.
COMMENT: Payable in cash at closing; $1 million escrow deposit. Deal also includes intellectual property of KFRH-FM/Boulder City, Nev.
WAMO-FM/Beaver Falls, WAMO-AM/Millvale and WPGR-AM/Monroeville (Pittsburgh), Pa.
PRICE: $8.9 million
TERMS: Asset sale
BUYER: Saint Joseph Missions (Matthew Gorsich, president/treasurer); owns no other stations
SELLER: SheridanBroadcasting Corp. (Ronald DavenportJr., president)
FACILITIES: WAMO-FM: 106.7 MHz, 37 kW, ant. 554 ft.; WAMO-AM: 860 kHz, 1 kW day/830 W night; WPGR-AM: 1510 kHz, 5 kW day/1 W night
FORMAT: WAMO-FM: Urban; WAMO-AM: Urban/Oldies; WPGR-AM: Gospel
BROKER: Bill Schutz of Schutz & Co. LLC
KXAM-AM/Mesa(Phoenix), Ariz.
PRICE: $1 million
TERMS: Asset sale for cash
BUYER: IHR Educational Broadcasting (Douglas Sherman, president/treasurer); owns 12 other stations, none in this market
SELLER: Embee Broadcasting (Byron Gerson, president)
FACILITIES: 1310 kHz, 5 kW day/500 W night
FORMAT: Dark
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
