Tweet

Deals

By BIAFN Staff -- Broadcasting & Cable, 5/31/2010 12:01:00 AM

TV

WHRE (DT)/VIRGINIA BEACH, VA.
PRICE: $7.5 million
BUYER: Trinity Broadcasting Network (Paul Crouch, president)
SELLER: Copeland Channel 21 LLC (Robert Copeland, managing member)
FACILITIES: DTV Ch. 7, 85 kW, ant. 1,017 ft.
AFFILIATION: TBN
COMMENT: $5 million to BB&T to satisfy and release Seller's promissory note and loan agreement, plus $2.5 million cash at closing to Seller.

WNGS (DT)/SPRINGVILLE, N.Y.
PRICE: $2.75 million
BUYER: ITV of Buffalo LLC (Philip Arno, member)
SELLER: Daystar Television Network (Marcus Lamb, president/CEO)
FACILITIES: DTV Ch. 7, 26.9 kW, ant. 577 ft.
AFFILIATION: Dark
COMMENT: $50K escrow deposit plus $450K cash at closing plus $2.25 million promissory note.

KUVM-CA/MISSOURI CITY AND KCPV-LP/VICTORIA, TEXAS
PRICE: $75,000
BUYER: Mako Communications LLC (Amanda Mintz, member)
SELLER: Club Communications (Gerald Benavides, member)
FACILITIES: KUVM-CA: Ch. 34, 115 kW, ant. 1,093 ft.; KCPV-LP: Ch. 30, 2 kW, ant. 466 ft.
AFFILIATION: KUVM-CA: Dark; KCPV-LP: Ind.
COMMENT: Benavides is selling his 25% interest in Club Communications to Buyer, making Buyer sole owner of the stations.

WHDS-LP/SAVANNAH, GA.
PRICE: $30,000
BUYER: Community Television Inc. (Greg West, director)
SELLER: Carolina Christian Broadcasting (Dante Thompson, managing member)
FACILITIES: Ch. 32, 4.46 kW, ant. 315 ft.
AFFILIATION: Ind.
COMMENT: $30K deposit.

RADIO

KRTM-FM/TEMECULA, CALIF.
PRICE: $3 million
TERMS: Asset sale for cash
BUYER: Calvary Chapel of Costa Mesa (Charles Smith, president/director); owns seven other stations, none in this market
SELLER: Penfold Communications (Jeffrey Smith, president)
FACILITIES: 88.9 MHz, 270 W, ant. 3,058 ft.
FORMAT: Christian
COMMENT: Payable in cash at closing; $150K escrow deposit.

KKHI-FM/CENTENNIAL (DENVER- BOULDER), COLO.
PRICE: $2.33 million
TERMS: Asset sale for cash
BUYER: WAY-FM Media Group (Robert Augsburg, pres.); owns 17 other stations, none in this market
SELLER: Bustos Media Enterprises LLC (Amador Bustos, president/CEO)
FACILITIES: 101.9 MHz, 10 kW, ant. 535 ft.
FORMAT: Christ. Contemp.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Deals

• Deals

• Deals

• Deals: Jan. 11, 2010

• Deals

Also by BIAFN Staff

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• TMS

  

  Since 1965 TMS has provided world-class TV & movie data to businesses whose success depends on the accurate, engaging display of entertainment content. More than 4,000 customers rely on TMS data to fuel the most exciting guides and UIs on the planet. To learn more, please vis..more

---

Most Recent Resources

• Modern Entertainment Guides & UIs: Data-Driven Gateways to Conten..
• The New Normal for Promoting Tune-in
• Achieving Operational Freedom in Digital Media Workflows