Combos
By BroadCasting & Cable Staff -- Broadcasting & Cable, 3/25/2001 7:00:00 PM
10 FMs and seven AMs, Montana
Price: $19 million (includes 18-month noncompete agreement)
Buyer: Clear Channel Communications Inc., San Antonio (L. Lowry Mays, chairman; Randy Michaels, CEO, Clear Channel Radio); owns/is buying 18 TVs and about 1,127 other radios, including KATP(FM) Amarillo, Texas (see item, below)
Seller: Marathon Media Group LLC, Chicago (Bruce Buzil, sole member/manager); owns 17 AMs and 34 FMs
Broker: Star Media Group Inc. (seller)
KDET-AM-FM Center and KCOT(AM) San Augustine, Texas
Price: $750,000 (for stock)
Buyer: Blue Bonnett Radio Inc., Gatesville, Texas (Jack F. [president] and Sue F. Russell, co-owners); no other broadcast interests
Seller: Waller Broadcasting Inc., Jacksonville, Texas (Dudley Waller, 51% owner). Dudley Waller has interest in one FM and six AMs, all Texas
Facilities: KDET(AM): 930 kHz, 1 kW day; KDET-FM : 100.5 MHz, 3 kW, ant. 300 ft.; KCOT : 92.5 MHz, 150 W, ant. 139 ft.
Formats: KDET(AM) : Southern gospel, country; KDET-FM : country; KCOT : AC
26% of KGFL(AM)-KHPQ(FM) Clinton, Ark.
Price: $75,000
Buyer: King-Sullivan Radio, Clinton (Sid King, 51% general partner/brother of Deanna J. Sullivan); no other broadcast interests
Seller: Weber-King Radio, Clinton (Deanna J. Sullivan, 75% owner/to be 49% owner); no other broadcast interests
Facilities: AM: 1110 kHz, 5 kW day; FM: 92.1 MHz, 10 kW, ant. 571 ft.
Formats: AM: news/talk; FM: country
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