Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 5/27/2002
Combos
WJTN(AM) and WWSE-FM Jamestown, N.Y.
Price: $5.9 million
Buyer: Media One Group LLC (James T. Embrescia, managing member); no other broadcast interests
Seller: Goldman Group (Michael Goldman, president)
Facilities: WJTN(AM): 1240 kHz, 500 W day, 1 kW night; WWSE-FM: 93.3 MHz, 27 kW, ant. 643 ft.
Format: WJTN(AM): Full service; WWSE-FM: AC
Broker: Ray Rosenblum
FMs
WRNO-FM New Orleans
Price: $12.5 million
Buyer: Clear Channel Communications (Randy Michaels, chairman/CEO, Radio); No. 1 radio-station group owns 1,213 other stations, including WYLD(AM), WODT(AM) and FM, KFXN-FM, WNOE-FM, and WQUE-FM all New Orleans.
Seller: Wilks Broadcasting LLC (Jeff Wilks, CEO)
Facilities: 99.5 MHz, 100 kW, ant. 1,004 ft.
Format: Classic rock
Comment: Clear Channel is exchanging KKND-FM Port Sulphur, La., for WRNO-FM plus $12.5 million (see below)
KKND-FM Port Sulphur (New Orleans), La.
Price: Swap (see item above)
Buyer: Wilks Broadcasting LLC (Jeff Wilks, CEO); owns 11 other stations, including KMEZ-FM, WSJZ-FM and WYLA-FM New Orleans
Seller: Clear Channel Communications (Randy Michaels, chairman/CEO, Radio)
Facilities: 106.7 MHz, 100 kW, ant. 981 ft.
Format: Modern rock
WVPI-FM Charlotte Amalie, V.I.
Price: $1 million
Buyer: Pan Caribbean Broadcasting de Puerto Rico (Richard J. Friedman, president); owns one other station, not in this market
Seller: Benjamin Broadcasting Corp. (Johnathan K. Cohen, president)
Facilities: 104.3 MHz, 45 kW, ant. 1,608 ft.
Format: '70s oldies/classic hits
KHDY-FM Plainview, Texas
Price: $750,000
Buyer: Raman Communications (Brad Moran, president); owns three other stations, none in this market
Seller: Rolling Plains Broadcasting (Ken Lane, president)
Facilities: 97.3 MHz, 100 kW, ant. 742 ft.
Format: Tejano
Broker: Bill Whitley, Media Services Group
AMs
KQAM(AM) Wichita, Kan.
Price: $2 million
Buyer: ABC Radio Inc. (John Hare, president, ABC Radio); owns 63 other stations, none in this market
Seller: Entercom (David J. Field, president/CEO)
Facilities: 1480 kHz, 5 kW day, 1 kW night
Format: Sports
Broker: Elliot B. Evers, Media Venture Partners
KBMW(AM) Breckenridge, Minn.
Price: $1.2 million
Buyer: Triad Broadcasting Co. (David J. Benjamin, chairman/CEO); owns 41 other stations, including KLTA-FM Breckenridge
Seller: W-B Broadcasting Inc. (Thomas M. Vertin, president)
Facilities: 1450 kHz, 1 kW
Format: Country
Comment: Seller has filed an application to move the tower of the station. The buyer will also operate KGWB-FM Wapeton, N.D., under a JSA
—Information provided by BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com
