COMBOs
By BroadCasting & Cable Staff -- Broadcasting & Cable, 1/21/2001 7:00:00 PM
142 FMs and 66 AMs in 44 markets
Price: $2 billion ($26 per share for stock, representing 49% premium over seller's Jan. 12 closing price; deal is second-largest radio deal ever-see Top of the Week story)
Buyers: $1.5 billion: Forstmann Little & Co., New York (Theodore J. Forstmann, senior partner); $500 million: JP Morgan Chase & Co., New York
Seller: Citadel Communications Corp., Las Vegas (Lawrence R. Wilson, chairman); no other broadcast interests. Note: Wilson and current Citadel team will continue to run company
Adviser : Credit Suisse First Boston (Citadel)
KXXX(AM)-KQLS(FM) Colby, KGNO(AM)-KOLS(FM) and KRPH(FM) Dodge City, KZLS(FM) Great Bend, KNNS(AM)-KGTR(FM) Larned, KYUU(AM)-KSLS-FM Liberal, KILS(FM) Minneapolis, KFNF(FM) Oberlin and KWLS(AM)-KDGB(FM) Pratt, all Kan.
Price: $5 million
Buyer: Waitt Media Inc., Omaha, Neb. (Norman W. Waitt Jr., chairman/owner); owns/is buying/manages five TVs, 34 other FMs and 21 other AMs (none in Kansas)
Seller: Goodstar Broadcasting LLC, Wichita (Gene Dickerson, president [Bain Capital, principal]); no other broadcast interests
Facilities: KXXX : 790 kHz, 5 kW day; KQLS : 100.3 MHz, 100 kW, ant. 610 ft.; KGNO : 1370 kHz, 5 kW day, 230 w night; KOLS : 95.5 MHz, 100 kW, ant. 570 ft.; KRPH : 93.9 MHz, 100 kW, ant. 511 ft.; KZLS : 107.9 MHz, 100 kW, ant. 886 ft.; KNNS : 1510 kHz, 1 kW day; KGTR : 96.7 MHz, 3 kW, ant. 290 ft.; KYUU : 1470 kHz, 1 kW day, 125 W night; KSLS-FM : 101.5 MHz, 100 kW, ant. 550 ft.; KILS : 92.7 MHz, 50 kW, ant. 492 ft.; KFNF : 101.1 MHz, 100 kW, ant. 420 ft.; KWLS : 1290 kHz, 5 kW day, 500 W night; KDGB : 93.1 MHz, 100 kW, ant. 1,007 ft.
Formats: KXXX : AC; KQLS : country; KGNO : oldies; KOLS : AC; KRPH : classic rock; KZLS : AC; KNNS : nostalgia; KGTR : oldies; KYUU : Spanish; KSLS-FM : county; KILS : classic rock; KFNF : classic rock; KWLS : country; KDGB : classic rock
Brokers: Chapin Enterprises (buyer); Richard Foreman & Associates (seller)
No related content found.
-
No Top Articles
Featured Company
-
Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups throug..more
VIEW ALL GALLERIES
