By BroadCasting & Cable Staff -- Broadcasting & Cable, 11/19/2000 7:00:00 PM
WXRT (formerly WSCR) Chicago
Price: $29 million
Buyer: Salem Communications Corp., Camarillo, Calif. (Edward G. Atsinger III, president/43.4% owner); owns/is buying 73 other radio stations, including WYLL(FM) Des Plaines/Chicago, Ill.
Seller: Infinity Broadcasting Corp., New York (Mel Karmazin, CEO; Dan Mason, president; Viacom Inc., majority owner [Karmazin, chairman]); owns/is buying 132 other FMs and 51 other AMs, including WBBM-AM-FM, WSCR(AM) (formerly WMAQ ), WCKG(FM), WJMK(FM), WUSN(FM) and WXRT(FM) Chicago. Viacom owns 39 TVs, including WBBM-TV Chicago. Note: Infinity had to divest an AM in Chicago when it merged into Viacom. As part of that, it moved WSCR 's call letters and sports-talk format to what was then WMAQ (B & C, Aug. 7).
Facilities: 1160 kHz, 50 kW day, 5 kW night
Format: Likely to be Christian
Price: $10.5 million
Buyer: Newsweb Corp., Chicago (Fred Eychaner, owner); owns WPWR-TV Chicago and KTVD-TV-DT Denver
Seller: Catholic Radio Network, Chicago (John Bitting, CEO); is selling eight other AMs. Note: CRN bought WYPA for same price (May 24, 1999)
Facilities: 820 kHz, 5 kW day
Broker: Media Services Group Inc.
WEIM Fitchburg/Worcester, Mass.
Price: $777,500 (includes $2,500 five-year non-compete agreement)
Buyer: LiveAir Communications Inc., Medfield, Mass. (David M. Wang, president/30% owner; Arlene Wang, 70% owner); no other broadcast interests
Seller: WEIM Corp., Fitchburg (Francis A. Filippone, president); no other broadcast interests. Note: Filippone gets $100 per hour consulting fee
Facilities: 1280 kHz, 5 kW day, 1 kW night
Format: AC, news/talk, sports
WEVA Emporia, Va.
Buyer: Colonial Media Corp., Williamsburg, Va. (James E. Vautrot, general partner/80% owner); no other broadcast stations
Seller: Stone Broadcasting Corp., Emporia (Willis L. Stone, president/ 33.3% owner); no other broadcast interests
Facilities: 860 kHz, 1 kW day
WJUS Marion, Ala.
Buyer: Grace Baptist Temple Church, Selma, Ala. (Glenn King Sr., pastor/general manager, WJUS ); no other broadcast interests
Seller: Rollins Broadcasting Co., Marion (Elijah Rollins III, owner); no other broadcast interests
Facilities: 1310 kHz, 5 kW day
Format: Urban contemporary
WAGS Bishopville, S.C.
Price: $27,500 cash
Buyer: Beaver Communications LP, Bishopville (James D. Jenkins, 51% owner); no other broadcast interests
Seller: Bishopville Broadcasting Co. Inc., Bishopville (Sheryl B. Carr, president); no other broadcast interests. Note: Bishopville bought station for $20,000 (Changing Hands, Oct. 11, 1999)
Facilities: 1380 kHz, 1 kW day
Format: Original hits of the '40s, '50s and '60s
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