FMs
By BroadCasting & Cable Staff -- Broadcasting & Cable, 12/10/2000 7:00:00 PM
WNIB(FM) Chicago and WNIZ-FM Zion, Ill.
Price: $165million
Buyer: Bonneville International Corp., Salt Lake City (Bruce T. Reese, president; Church of Jesus Christ of Latter Day Saints, owner); owns two TVs, 12 other FMs and five AMs, including WLUP-FM and WNND(FM) Chicago and WTMX(FM) Skokie/ Chicago, Ill.
Seller: Northern Illinois Broadcasting Co., Chicago (William C. Florian, president/ owner); no other broadcast interests. Note: $165 million is a record price for a Chicago FM
Facilities: WNIB : 97.1 MHz, 8.4 kW, ant. 1,196 ft.; WNIZ-FM : 96.9 MHz, 50 kW, ant. 500 ft.
Formats: Both classical
Broker: Broadcasting Asset Management Corp. (seller)
WDKS(FM) Newburgh/Evansville, Ind.
Price: $7 million cash
Buyer: Clear Channel (see items above); owns WGBF-AM-FM, WTRI-FM and WYNG-FM Evansville
Seller: Newburgh Broadcasting Corp., Newburgh (Donald G. and Linda S. Davis, owners); owns WGAB(AM) Newburgh. Note: Cumulus Media Inc. was to buy WDKS as part of group deal (Changing Hands, Dec. 6, 1999)
Facilities: 106.1 MHz, 6 kW, ant. 328 ft.
Format: Hot AC
WHPO(FM) Hoopeston, Ill.
Price: $900,000
Buyer: Market Street Broadcasting LLC, River Forest, Ill. (Scott M. Krusinski, owner); no other broadcast interests
Seller: Hooterville Broadcasting Inc., Hoopeston (Gary Voss, president); no other broadcast interests
Facilities: 100.9 MHz, 3 kW, ant. 280 ft.
Format: CountryWVIC(FM) Charlotte/Troy, Mich.
Price: $600,000
Buyer: Rubber City Radio Group, Akron, Ohio (Thomas A. Mandel, president); owns five other FMs and one AM
Seller: BB Broadcasting Inc., Troy (W.K. Burton, president); no other broadcast interests
Facilities: 92.7 MHz, 1.5 kW, ant. 466 ft.
Format: Classic rockKLES(FM) Mabton (between Yakima and Richland/Kennewick), Wash. Price: $500,000
Buyer: On-Air Family LLC, Lakewood, Colo. (co-owners James G. and Janice A. Hunt); is buying KXAL-FM Pittsburg, Texas. Hunts also co-own KJKB(FM) Jacksboro and KDVE(FM) Tatum, Texas
Sellers: Web Media Ltd., Mabton (Doug Earp, president); no other broadcast interests
Facilities: 98.7 MHz, 5.8 kW, ant. 679 ft.
Format: Christian rock
Broker: Norman Fischer & Associates
KXRQ(FM) Roosevelt/Vernal, Utah
Price: $450,000
Buyer: Cruise LC, Nephi, Utah (Charles D. Hall, 51% managing member); owns KYKN-FM Nephi/Provo, Utah
Seller: Duane T. Lund, Salt Lake City; no other broadcast interests
Facilities: 94.3 MHz, 17.5 kW, ant. 1,863 ft.
Format: Classic rock
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