Deals
By BIA Financial Networks -- Broadcasting & Cable, 9/21/2009 2:00:00 AM
TV
KQDK-CA/Denver, Colo.; KQCK (DT)/Cheyenne, Wyo.
PRICE: $6.1 million
BUYER: Fusion Communications (David McAnally, president)
SELLER: Valley Bank (Larry Henson, president)
FACILITIES: KQDK-CA: Ch. 39, 35 kW, ant. -1,592 ft.; KQCK (DT): Ch. 33, 2,950 kW, ant. 440 ft.
AFFILIATION: KQDK-CA: Ind.; KQCK (DT): ABC/Retro TV
COMMENT: $6.1 million promissory note. Additionally, Buyer shall pay to Seller debtor-in-possession financing in the bankruptcy proceeding of the stations' licensee, Denver Broadcasting.
KMCT-TV/WestMonroe, La.
PRICE: $780,000
BUYER: First Assembly of God of West Monroe (Shane Warren, president)
SELLER: Life Place Ministries (Mike Reed, president)
FACILITIES: Ch. 39, 562 kW, ant. 499 ft.
AFFILIATION: Ind.
WMKG-CA/Muskegon, Mich.
PRICE: $500,000
BUYER: BAG LLC
SELLER: Kelley Enterprises (Fenton Kelley, owner)
FACILITIES: Ch. 38, 33.8 kW, ant. 200 ft.
AFFILIATION: Ind.
WEZK-LP/Knoxville and WJZC-LP/Sevierville, Tenn.
PRICE: $40,000
BUYER: Living Faith Ministries (Michael Smith, president)
SELLER: South Central Communications Corp. (John Engelbrecht, chairman/president)
FACILITIES: WEZK-LP: Ch. 28, 5.9 kW, ant. 1,135 ft.; WJZC-LP: Ch. 22, 6.3 kW, ant. 434 ft.
AFFILIATION: WEZK-LP: Ind.; WJZC-LP: Ind.
W41DD/Bangor, Maine
PRICE: $35,000
BUYER: Confesora Peralta
SELLER: US Interactive LLC (Dean Mosely, CEO)
FACILITIES: Ch. 41, 4 kW, ant. 345 ft.
COMMENT: $5K deposit plus $30K promissory note.
WCBZ-LP/Baton Rouge, La.
PRICE: $9,000
BUYER: Community Press LLC (Louis Jenkins, manager)
SELLER: Life Place Ministries (Mike Reed, president)
FACILITIES: Ch. 7,3 kW
RADIO
WBON-FM/Westhampton (Hamptons-Riverhead), N.Y.
PRICE: $1.7 million
TERMS: Asset sale for cash and note
BUYER: JVC Media LLC (Peter Schiff, chairman); owns one other station in the market, WDRE-FM
SELLER: Jarad Broadcasting (Ronald Morey, CEO)
FACILITIES: 98.5 MHz, 950 W, ant. 525 ft.
FORMAT: Latino
COMMENT: $1.6 million cash plus $100K promissory note.
WDRE-FM/Calverton-Roanoke (Hamptons-Riverhead), N.Y.
PRICE: $1 million
TERMS: Asset sale for cash and note
BUYER: JVC Media LLC (Peter Schiff, chairman); owns one other station in the market, WBON-FM
SELLER: Jarad Broadcasting (Ronald Morey, CEO)
FACILITIES: 105.3 MHz, 660 W, ant. 607 ft.
FORMAT: Christian/Rhythmic
COMMENT: $650K cash; $350K promissory note.
WJSS-AM/Havre de Grace (Baltimore), Md.
PRICE: $750,000
TERMS: Asset sale
BUYER: CRS Radio Holdings (Gardner Altman Jr., president); owns no other stations
SELLER: Benjamin-Dane LLC (Ronald Reeves, president)
FACILITIES: 1330 kHz, 5 kW day/500 W night
FORMAT: News/Talk
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
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