Deals
By BCST Staff -- Broadcasting & Cable, 7/12/2010 12:01:00 AM
TV
W65EF/OCEAN CITY, MD.
PRICE: $10,000
BUYER: Airport Investors
LP (Marion Snyder,
general partner)
SELLER: Chris McHale
FACILITIES: Ch. 65, 0.2
kW, ant. 247 ft.
AFFILIATION: TBN
COMMENT: $2K deposit.
WMNT-CA/TOLEDO, OHIO
PRICE: $1
BUYER: Community Broadcast Group ( Jesse Weatherby, president)
SELLER: Cornerstone Church Inc. (Michael Pitts, president)
FACILITIES: Ch. 48,
11 kW, ant. 410 ft.
AFFILIATION: MyNetworkTV
RADIO
WWCD-FM/GROVE CITY (COLUMBUS), OHIO
PRICE: $5.7 million
TERMS: Asset sale for cash and note
BUYER: Ohio State University (Thomas Rieland, general manager); owns six other stations, including WOSU-AM & FM/Columbus
SELLER: Ingleside Radio (Roger Vaughan, president)
FACILITIES: 101.1 MHz, 6 kW, ant. 328 ft.
FORMAT: Alternative
COMMENT: $2.25 million cash at closing, including $285K escrow deposit, plus $3.45 million promissory note.
KFNS-AM/WOOD RIVER (ST. LOUIS), ILL.
PRICE: $1.4 million
TERMS: Asset sale
BUYER: Grand Slam Sports LLC (Dave Greene, president); owns no other stations
SELLER: Big League Broadcasting (Andrew Saltzman, co-president)
FACILITIES: 590 kHz, 1 kW day/night
FORMAT: Sports/Talk
COMMENT: 12.5% escrow deposit.
WEGP-AM/PRESQUE ISLE, MAINE
PRICE: $220,000
TERMS: Asset sale for cash and note
BUYER: Northern Maine Broadcasting (Gregory McNeil, president); owns no other stations
SELLER: Decelles Smith Media (Paul Decelles, president/CEO)
FACILITIES: 1,390 kHz, 25 kW day/10 kW night
FORMAT: Talk/News
COMMENT: $11K escrow deposit plus $59K cash at closing plus $150K note.
KALQ-FM & KGIW-AM/ ALAMOSA, COLO.
PRICE: $150,000
TERMS: Asset sale for cash
BUYER: William and
Kristen Spears (William Spears, managing member/ GM); owns three other stations, none in this market
SELLER: Community Broadcasting Corp./ Colo. (Dale Burns, president)
FACILITIES: KALQFM: 93.5 MHz, 3 kW, ant. 131 ft.; KGIW-AM: 1,450 kHz, 1 kW day/night
FORMAT: KALQ-FM: Country; KGIW-AM: News/Oldies
COMMENT: Payable in cash at closing; $7.5K escrow deposit.
KAJC-FM/MILLERSBURG, ORE.
PRICE: $100,000
TERMS: Asset sale for note
BUYER: Calvary Chapel Monmouth-Independence (Richard Hopkins, president); owns no other stations
SELLER: Calvary Chapel of Costa Mesa (Charles Smith, president/director)
FACILITIES: 90.1 MHz, 1 kW, ant. 566 ft.
FORMAT: Religious Music KADQ-FM/EVANSTON, WYO.
PRICE: $100,000
TERMS: Asset sale
BUYER: Kent Frandsen; owns one other station, none in this market
SELLER: College Creek Media LLC (Neal Robinson, president)
FACILITIES: 98.3 MHz, 1 kW, ant 1,490 ft.
FORMAT: Dark
COMMENT: $100K earnest money deposit.
KGXX-FM(CP)/SUSANVILLE, CALIF.
PRICE: $39,000
TERMS: Asset sale
BUYER: Sierra Radio (Gary Katz, president/treassurer); owns two other stations, including KLZN-AM & KAJK-FM/ Susanville
SELLER: Richard Comras
FACILITIES: 100.7 MHz, 6kW, ant. -528 ft.
FORMAT: CP-NOA W291-FX/TROY (ALBANYSCHENECTADY), N.Y.
PRICE: $30,000
TERMS: Asset sale
BUYER: Anastos Media Group (Scott Collins, president); owns four other stations in the market: WABY-AM, WUAM-AM, WVKZ-AM & WQAR-FM/Albany- Schenectady-Troy
SELLER: Northeast Gospel Broadcasting (Brian Larson, president)
FACILITIES: 106.1 MHz, 10 W
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