Changing Hands
Compiled by Elizabeth A. Rathbun -- Broadcasting & Cable, 8/6/2001
Station Trades
By dollar volume and number of sales; does not include mergers or acquisitions involving substantial non-station assets
THIS WEEK
TV/Radio - $0 - 0
TVs - $0 - 0
Combos - $5,350,000 - 3
FMs - $700,000 - 1
AMs - $675,000 - 1
Total - $6,725,000 - 5
SO FAR IN 2001
TV/Radio - $200,000,000 - 1
TVs - $470,240,114 - 20
Combos - $2,775,179,820 - 59
FMs - $356,817,555 - 116
AMs - $107,372,311 - 79
Total - $3,909,609,800 - 275
Combos
KJSK(AM)-KLIR(FM) Columbus/Lincoln, Neb.
Price: $2.7 million (includes five-year noncompete agreement)
Buyer: Three Eagles Communications Inc., Lincoln (Rolland C. Johnson, president); owns 20 other FMs and 13 other AMs, including KTTT(AM)-KKOT(FM) Columbus, KZEN(FM) Central City/Columbus and KFOR(AM)-KFRX(FM) and KLMS(AM)-KRKR(FM) Lincoln, Neb. Johnson and wife Paula A. co-own KVRH-AM-FM Salida, Colo.
Seller: Heartland Broadcasting Inc., Columbus (Leslie A. Bebee, owner); no other broadcast interests
Facilities: AM: 900 kHz, 1 kW day, 66 W night; FM: 101.1 mHz, 100 kW, ant. 760 ft.
Formats: AM: news/talk, farm; FM: AC
Broker: David Gardner (to be paid $100,000)
WDKD(AM)-WWKT-FM Kingstree/Florence, S.C.
Price: $1.4 million
Buyer: A&D Broadcasting Inc., Florence (co-owners Frank H. Avent, president, and William Duncan, vice president/secretary); owns two other FMs and one other AM, all S.C.
Seller: Davidson Communications Inc., Kingstree (Don H. Laduke, president); no other broadcast interests
Facilities: AM: 1310 kHz, 5 kW day, 67 W night; FM: 99.3 mHz, 22 kW, ant. 354 ft.
Formats: AM: real country; FM: classic R&B
WCMP-AM-FM Pine City, Minn. (near Minneapolis/St. Paul)
Price: $1.25 million (includes five-year noncompete agreement)
Buyer: Quarnstrom Media Group LLC, Colquet, Minn. (Alan R. Quarnstrom, president). Alan Quarnstrom owns five other FMs and four other AMs, all Minn.
Seller: Pine City Broadcasting Co. Inc., Duluth, Minn. (principal shareholders Pat McNulty, president, and Ken Buehler); no other broadcast interests
Facilities: AM: 1350 kHz, 1 kW day; FM: 100.9 mHz, 25 kW, ant. 300 ft.
Formats: AM: news, information; FM: contemporary country, sports, news
FMs
KALS(FM) Kalispell, Mont.
Price: $700,000
Buyer: Kalispell Christian Radio Fellowship Inc., Havre, Mont. (Brent Schellin, chairman). Fellowship's board is also board of Hi-Line Radio Fellowship Inc., which owns five FMs, all Mont.
Sellers: Bruce L. Erickson (67% owner) and Bradley A. Rauch (33% owner), Kalispell; no other broadcast interests
Facilities: 97.1 mHz, 26 kW, ant. 2,488 ft.
Format: Christian, AC
AMs
WPWA Chester, Pa.
Price: $675,000
Buyer: Mount Ocean Media LLC, W. Caldwell, N.J. (Rev. Sun Young Joo, president/51% owner)
Seller: CRN Licenses LLC, Orange, Calif. (William Agee, president)
Facilities: 1590 kHz, 3.2 kW day, 1 kW night
Format: Talk
Broker: Media Services Group Inc. (seller)
