By BroadCasting & Cable Staff -- Broadcasting & Cable, 3/4/2001 7:00:00 PM
KJOI (formerly KLUV) Dallas
Price: $16 million cash
Buyer: Clear Channel Communications Inc., San Antonio (L. Lowry Mays, chairman; Randy Michaels, CEO, Clear Channel Radio); owns/is buying 18 TVs and about 1,126 other radios, including KDMX(FM) , KFBF(FM) , KSKY(AM) and KZPS(FM) Dallas, KHKS(FM) Denton/Dallas and KEGL(FM) Fort Worth/Dallas; is selling KDGE(FM) Dallas and call sign and format of KTXQ(FM) Fort Worth/Dallas to seller
Seller: Radio One Inc., Lanham, Md. (Catherine L. Hughes, chairwoman/ owner; Alfred Liggins, president); owns/is buying 47 other radio stations, including KBFB(FM) Dallas, along with KDGE(FM) Dallas and call sign and format of KTXQ(FM) Fort Worth/Dallas, both being bought from Clear Channel. Note: Radio One recently closed on deal to buy KJOI from Infinity Broadcasting Corp. for same price (Changing Hands, May 22, 2000)
Facilities: 1190 kHz, 50 kW day, 5 kW night
Format: FoxSports Radio
WLIM Patchogue, N.Y.
Price: $850,000 (includes five-year noncompete agreement)
Buyer: Polnet Communications Ltd., Chicago (Walter Kotaba, president/ owner); owns three other AMs
Seller: Long Island Music Broadcasting Corp., Medford, N.Y. (George Hoag and Ellsworth Shiebler, principals); no other broadcast interests
Facilities: 1580 kHz, 10 kW day, 37 W night
Format: Nostalgia, jazz
Broker: Satterfield & Perry Inc. (seller)
KUAI Eleele, Hawaii
Buyer: Visionary Related Entertainment Inc., Rohnert Park, Calif. (John Detz Jr., president/66.7% owner); owns five FMs and two AMs, all Hawaii. Detz owns 80% of KNUQ(FM) Paaulo, Hawaii
Seller: American Islands Broadcasting Corp., Eleele (Bill Dahle, principal); no other broadcast interests
Facilities: 720 kHz, 5 kW
KGTO Tulsa, Okla.
Price: $455,000 cash
Buyer: Perry Broadcasting Co. Inc., Oklahoma City (Russell M. Perry, president/owner); owns two FMs and two AMs, all Oklahoma
Seller: Cox Radio Inc., Atlanta (Robert F. Neil, president); owns/is buying 67 FMs and 16 AMs, including four FMs and one AM in Tulsa
Facilities: 1050 kHz, 1 kW day
Format: Adult standards, nostalgia
Broker: McCoy Broadcast Brokerage (buyer); Media Venture Partners (seller)
WDXZ (formerly WXWY) Robertsdale, Ala.
Buyer: Great America Radio Network Inc., Gulf Shores, Ala. (Walter J. Bowen, owner); is buying WBCA(AM)-WYDH(FM) Admore, Ala.
Seller: Gulf Coast Broadcasting Co. Inc., Orange Beach, Ala. (R. Lee Hagan, principal); owns WCSN(FM ) Orange Beach, WIJK(AM)-WPGG(FM) Evergreen and WABF(AM) Fairhope/Mobile, Ala.
Facilities: 1000 kHz, 1 kW day
Format: Big band, MOR
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