Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 12/7/2003 7:00:00 PM
TVs
KMOH-TV Kingman, Ariz.
PRICE:
$5.25 million
BUYER:
Bela LLC (Matthew Leibowitz, VP/secretary/member)
SELLER:
Gannett Co. Inc.
FACILITIES:
Ch. 6, 100 kW, ant. 1,942 ft.
AFFILIATION: NBC
KLFT-LP Lafayette, La.
PRICE:
$75,000
BUYER:
Louisiana Television USA LLC (Cathleen Hancock, owner/president)
SELLER:
K. Sandoval Burke
FACILITIES:
Ch. 21, 32.8 kW
KOHA-LP Omaha, Neb.
PRICE:
$75,000
BUYER:
Cornhusker Television LLC (Cathleen Hancock, owner/president)
SELLER:
K. Sandoval Burke
FACILITIES:
Ch. 59, 42.6 kW
Combos
KROC-FM and KROC(AM) Rochester and KYBA-FM Stewartville (Rochester), Minn.; KYBB-FM Canton, KIKN-FM Salem, KSOO(AM), KXRB(AM), KKLS-FM and KMXC-FM Sioux Falls, S.D.
PRICE: $65 million
BUYER: Cumulus Broadcasting Inc. (Lewis W. Dickey Jr., president/CEO); owns 276 other stations, including KOLM(AM), KLCX-FM and KWWK-FM Rochester
SELLER: Southern Minnesota Broadcasting (Greg Gentling, president)
FACILITIES: KROC-FM: 106.9 MHz, 100 kW, ant. 1,109 ft.; KROC(AM): 1340 kHz, 1 kW; KYBA-FM: 105.3 MHz, 50 kW, ant. 492 ft.; KYBB-FM: 102.7 MHz, 50 kW, ant. 486 ft.; KIKN-FM: 100.5 MHz, 100 kW, ant. 942 ft.; KSOO(AM): 1140 kHz, 10 kW day/5 kW night; KXRB(AM): 1000 kHz, 10 kW day/100 W night; KKLS-FM: 104.7 MHz, 100 kW, ant. 981 ft.; KMXC-FM: 97.3 MHz, 100 kW, ant. 840 ft.
FORMAT: KROC-FM: Top 40; KROC(AM): News/Talk; KYBA-FM: Soft AC; KYBB-FM: Classic Rock; KIKN-FM: Country; KSOO(AM): News/Talk; KXRB(AM): Country; KKLS-FM: Christian; KMXC-FM: AC
BROKER: Larry Patrick of Patrick Communications
FMs
KFSD-FM Escondido (San Diego), Calif.
PRICE: $18 million
BUYER: Jefferson-Pilot Communications (Clarke Brown Jr., president, radio division); owns 16 other stations, including KBZT-FM, KIFM-FM and KSON-FM San Diego
SELLER: Astor Broadcast Group (N. Arthur Astor, president)
FACILITIES: 92.1 MHz, 580 W, ant. 1,024 ft.
FORMAT: Country
BROKER: Michael J. Bergner, of Bergner and Co., and Kalil and Co. Inc.
KZPL-FM Lee's Summit (Kansas City), Mo.
PRICE: $10 million
BUYER: Union Broadcasting Inc. (Jerry Green, chairman/director); owns two other stations, including KCTE(AM) and WHB (AM) Kansas City, MO.
SELLER: First Broadcasting Co. LP (Gary M. Lawrence, president/vice chairman)
FACILITIES: 97.3 MHz, 55 kW, ant. 1,171 ft.
FORMAT: Rock
WIFM-FM Elkin, N.C.
PRICE: $1.15 million
BUYER: Yadkin Valley Broadcasting (Gary York, president); owns no other stations
SELLER: Von Broadcasting Inc. (Danny Hill, president/director)
FACILITIES: 100.9 MHz, 470 W, ant. 705 ft.
FORMAT: AC
WJYO-FM Fort Myers (Ft. Myers-Naples-Marco Island) and WBIY-FM La Belle, Fla.
PRICE: $500,000
BUYER: Airwaves for Jesus (Art Ramos, president/treasurer); owns no other stations
SELLER: Toccoa Falls College (W. Wayne Gardener, executive VP)
FACILITIES: WJYO-FM: 91.5 MHz, 3 kW, ant. 285 ft.; WBIY-FM: 88.3 MHz, 3 kW, ant. 161 ft.
FORMAT: WJYO-FM: Inspirational/Christian; WBIY-FM: Religion
WTOT-FM Graceville (Dothan, Ala.), Fla.
PRICE: $500,000
BUYER: Stage Door Development (H. Jack Mizell, president); owns one other station, WRJM-FM Dothan
SELLER: BRO Management Inc. (Ed Curely, general manager)
FACILITIES: 101.7 MHz, 6 kW, ant. 328 ft.
FORMAT: Nostalgia
AMs
WTIL(AM) Mayaguez (Puerto Rico), P.R.
PRICE: $700,000
BUYER: International Broadcasting Corp. (Pedro R. Collazo, president/owner); owns nine other stations, including WGIT(AM), WIBS(AM), WMTI(AM), WVOZ(AM), WXRF(AM) and WRSJ(AM) and –FM Puerto Rico
SELLER: Bestov Broadcasting (Alan Mejia, president)
FACILITIES: 1300 kHz, 1 kW
FORMAT: Spanish/Variety
WEWC(AM) Callahan (Jacksonville), Fla.
PRICE: $650,000
BUYER: Hola Communications (Evelyn Torres, president); owns no other stations
SELLER: Circle Broadcasting of America (Nestor Miranda, general manager)
FACILITIES: 1160 kHz, 5 kW day/250 W night
FORMAT: Rhythm & Blues
WNEB(AM) Worcester, Mass.
PRICE: $400,000
BUYER: Blount Communications Group (William A. Blount, president/treasurer); owns five other stations, including WVNE(AM) Worcester
SELLER: Windsor Financial (Kim Penta, CEO/owner)
FACILITIES: 1230 kHz, 1 kW
FORMAT: Christian Contemporary
| Station Sales Scorecard | ||||
|---|---|---|---|---|
| 2003 YTD* | 2002 Total | |||
| Number | Value (000) | Number | value (000) | |
| Source: BIA Financial Networks *Through 12/3/03 |
||||
| Television | 63 | $479,476 | 93 | $2,493,292 |
| Radio | 817 | $2,242,709 | 810 | $5,383,756 |
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