Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 8/26/2002
TVs
KVII-TV Amarillo, Texas; KVIH-TV Clovis, N.M.; K24DU Dora, N.M.; K26DR San Jon, N.M.; K43BU Clovis, N.M.; K57CW Friona, N.M.
Price: $16.85 million
Buyer: New Vision Group Inc. (Jason Elkin, president)
Seller: Marsh Media Inc. (Robert N. Smith, president)
Facilities: KVII-TV: Ch. 7, 316 kW, ant. 1,700 ft.; KVIH-TV: Ch. 12, 178 kW, ant. 669 ft.; K24DU: Ch. 24, 998 W; K26DR: Ch. 26, 552 W; K43BU: Ch. 43, 7.9 kW; K57CW: Ch. 57, 928 W
Affiliation: KVII-TV: ABC; KVIH-TV: ABC; K24DU: ABC; K26DR: ABC; K43BU: ABC; K57CW: ABC
Broker: Gammon Media Brokers LLC (seller)
WTAT-TV Charleston, S.C.
Price: $7.276 million
Buyer: Sinclair Broadcast Group Inc. (David D. Smith, president/CEO); No. 11 TV-station group has 62 stations, including WMMP(TV) Charleston
Seller: Cunningham Broadcasting Corp. (Robert L. Simmons, president); former Glencairn is merging WTAT-TV into Sinclair
Facilities: Ch. 24; 5,000 kW, ant. 1,778 ft.
Affiliation: Fox
KUMV-TV Williston, KMOT-TV Minot, KQCD-TV Dickinson, KFYR-FM Bismark, KVLY-TV Fargo, K09MF Wahpeton, K09JM Jamestown, K02GA Lisbon, all N.D.; K13PL Glendive, Mont.
Price: $6 million
Buyer: North Dakota Television LLC (Matthew E. Gormley III, vice president)
Seller: Smith Television of North Dakota Inc. (Robert N. Smith, president)
Facilities: KUMV-TV: Ch. 8, 166 kW, ant. 1,060 ft.; KMOT-TV: Ch. 58, 214 kW, ant. 679 ft.; KQCD-TV: Ch. 7, 316 kW, ant. 732 ft.; KFYR-TV: Ch. 5, 100 kW, ant. 1,401 ft.; KVLY-TV: Ch. 11, 316 kW, ant. 2,001 ft.; K09MF: Ch. 9, 0.054 kW, 79 ft.; K09JM: Ch. 9, 0.086 kW, ant. 3,896 ft.; K02GA: Ch. 2, 0.003 kW, ant. 53 ft.; K13PL: Ch. 13, 2.36 kW, ant. 35 ft.
Affiliation: KUMV-TV: NBC; KMOT-TV: NBC; KQCD-TV: NBC; KFYR-TV: NBC; KVLY-TV: NBC; K09MF: NBC; K09JM: NBC; K02GA: NBC; K13PL: NBC
Combos
KVSO(AM) and KKAJ-FM Ardmore, KTRX-FM Dickson and KYNZ-FM Lone Grove, Okla.
Price: $5.5 million
Buyer: NextMedia Group (Skip Weller, president/co-COO); owns 52 other stations, none in this market
Seller: Chuckie Broadcasting Co. (Ken Taishoff, president)
Facilities: KVSO(AM): 1240 kHz, 1 kW; KKAJ-FM: 95.7 MHz, 100 kW, ant. 449 ft.; KTRX-FM: 92.7 MHz, 6 kW, ant. 341 ft.; KYNZ-FM: 107.1 MHz, 25 kW, ant. 335 ft.
Format: KVSO(AM): Sports/Talk; KKAJ-FM: Country; KTRX-FM: Classic Rock; KYNZ-FM: Hot AC
Broker: Doug Ferber of Star Media Group Inc
WCVA(AM) and WCUL-FM Culpeper, Va.
Price: $1.2 million
Buyer: Joyner Radio Inc. (A. Thomas Joyner, president/treasurer); owns four other stations, none in this market
Seller: Culpeper Broadcasting Corp. (Eugene Sobel, president)
Facilities: WCVA(AM): 1490 kHz, 680 W; WCUL-FM: 103.1 MHz, 600 W, ant. 1,027 ft.
Format: WCVA(AM): Nostalgia; WCUL-FM: Country
Broker: Zoph Potts of Snowden Associates and Tom Snowden of Snowden Associates
KFUN(AM) and KLVF-FM Las Vegas, N.M.
Price: $1 million
Buyer: Meadows Media LLC (William Sims, member); no other broadcast interests
Seller: KFUN/KLVF Inc. (Dennis D. Mitchell, president)
Facilities: KFUN(AM): 1230 kHz, 1 kW; KLVF-FM: 100.7 MHz, 10 kW, ant. -75 ft.
Format: KFUN(AM): Country/Spanish; KLVF-FM: Adult Hits
FMs
KDEZ-FM Jonesboro, KDXY-FM Lake City and KJBX-FM Trumann(Jonesboro), Ark.
Price: $12 million
Buyer: Saga Communications Inc. (Edward K. Christian, president/CEO); owns 62 other stations, none in this market
Seller: Pressly Partnership Productions (Trey Stafford, vice president)
Facilities: KDEZ-FM: 100.5 MHz, 26 kW, ant. 407 ft; KDXY-FM: 104.9 MHz, 14 kW, ant. 449 ft.; KJBX-FM: 106.7 MHz, 6 kW, ant. 328 ft.
Format: KDEZ-FM: AOR; KDXY-FM: Country; KJBX-FM: AC
KBDR-FM Mirando City (Laredo) and KILM-FM Raymondville (McAllen-Brownsville-Harlingen), Texas
Price: $8 million
Buyer: Border Media Partners LLC; no other broadcast interests
Seller: Sendero Multimedia (Alberto Munoz, II, president)
Facilities: KBDR-FM: 100.5 MHz, 42 kW, ant. 535 ft.; KILF-FM: 102.1 MHz, 18 kW, ant. 758 ft.
Format: KBDR-FM: Mexican; KILM-FM: Mexican
WYYB-FM Kingston Springs and WRLG-FM Smyrna (Nashville), Tenn.
Price: $5.6 million
Buyer: Salem Communications Corp. (Edward G. Atsinger III, president/ CEO); owns 82 other stations, including WBOZ-FM and WVRY-FM Nashville.
Seller: Tuned In Broadcasting Inc. (Lester L. Turner, president/chairman/CEO). Phone: 615-242-5600
Facilities: WYYB-FM: 93.7 MHz, 1 kW, ant. 755 ft.; WRLG-FM: 94.1 MHz, 4 kW, ant. 236 ft.
Format: WYYB-FM: Variety; WRLG-FM: AAA
WOCM-FM Selbyville (Salisbury-Ocean City), Del.
Price: $1.08 million
Buyer: Irie Radio Inc. (Leighton Moore, president); no other broadcast interests
Seller: Anchor Broadcasting LP (Ann G. Stamps, general partner)
Facilities: 98.1 MHz, 3 kW, ant. 469 ft.
Format: AAA
WYTK-FM Rogersville (Florence-Muscle Shoals), Ala.
Price: $900,000
Buyer: Valley Broadcasting Inc. (Gregory H. Thorton, president); no other broadcast interests
Seller: Shoals Broadcasting Corp. (Mark A. Pyle, president)
Facilities: 93.9 MHz, 2 kW, ant. 532 ft.
Format: AC
KVMI-FM Arthur (Fargo), N.D.
Price: $800,000, including $150,000 construction loan to upgrade facilities to class C3
Buyer: Tom Ingstad; owns nine other stations, including KGBZ-FM Fargo-Moorhead, N.D.
Seller: Vision Media Inc. (Jim Babbitt, president)
Facilities: 96.7 MHz, 5 kW, ant. 361 ft.
Format: Oldies
WGSN-FM Ligonier, Ind.
Price: $550,000
Buyer: Federated Media (John F. Dille III, president); owns 11 other stations, none in this market
Seller: GBC Media LLC (James P. Bustraan, president)
Facilities: 102.7 MHz, 2 kW, ant. 394 ft.
Format: Country
AMs
WKSH(AM) Sussex (Milwaukee-Racine), Wis.
Price: $2.6 million
Buyer: ABC Radio Inc. (John Hare, president, ABC Radio); owns 64 other stations, none in this market
Seller: LandL Pewaukee Ventures Inc. (Martin Laufer, president)
Facilities: 1640 kHz, 10 kW day/1 kW night
Format: Christian
WOKX(AM) High Point (Greensboro-Winston Salem-High Point), N.C.
Price: $416,646
Buyer: Eastern Broadcasting Group Inc. (Michael J. Sbuttoni, president); owns one other station, not in this market
Seller: Alliance Broadcasting Group Inc. (Joseph F. Newman, president/director)
Facilities: 1590 kHz, 1 kW
Format: Gospel/Inspiration
—Information provided by BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com
