Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 9/2/2002
Combos
WHTI-FM Alexandria, WHBU(AM) Anderson, WURK-FM Elwood, WHTY-FM Hartford City, and WXFN(AM), WERK-FM and WLBC-FM Muncie, all Ind.; WNKI-FM Corning, WWLZ(AM) and WPGI-FM Horseheads, WNGZ-FM Montour Falls (Elmira-Corning), WHDL(AM) and WPIG-FM Olean, and WGMF(AM) Watkins Glen (Elmira-Corning), all N.Y.; WCXR-FM Lewisburg, WBZD-FM Muncy, WZXR-FM South Williamsport, WSFT-FM Wiliamsport, WWPA(AM) and WILQ-FM Williamsport, all Pa.
Price: $42 million
Buyer: Backyard Broadcasting (Barry Drake, president/CEO); owns two other stations, neither in this market
Seller: Sabre Communications Inc. (Paul Rothfuss, president/COO)
Facilities: WHTI-FM: 96.7 MHz, 3 kW, ant. 351 ft.; WHBU(AM): 1240 kHz, 700 W; WURK-FM: 101.7 MHz, 3 kW, ant. 328 ft.; WHTY-FM: 93.5 MHz, 4 kW, ant. 407 ft.; WXFN(AM): 1340 kHz, 1 kW; WERK-FM: 104.9 MHz, 3 kW, ant. 328 ft.; WLBC-FM: 104.1 MHz, 41 kW, ant. 459 ft.; WNKI-FM: 106.1 MHz, 40 kW, ant. 532 ft.; WWLZ(AM): 820 kHz, 4 kW day/850 W night; WPGI-FM: 100.9 MHz, 4 kW, ant. 246 ft.; WNGZ-FM: 104.9 MHz, 1 kW, ant. 479 ft.; WHDL(AM): 1450 kHz, 1 kW; WPIG-FM: 95.7 MHz, 43 kW, ant. 742 ft.; WGMF(AM): 1490 kHz, 400 W; WCXR-FM: 103.7 MHz, 950 W, ant. 801 ft.; WBZD-FM: 93.3 MHz, 2 kW, ant. 1,221 ft.; WZXR-FM: 99.3 MHz, 410 W, ant. 1,237 ft.; WSFT-FM: 107.9 MHz, 360 W, ant. 1,289 ft.; WWPA(AM): 1340 kHz, 1 kW; WILQ-FM: 105.1 MHz, 9 kW, ant. 1,135 ft.
Format: WHTI-FM: Classic Hits; WHBU(AM): News/Talk/Sports; WURK-FM: Oldies; WHTY-FM: Classic Hits; WXFN(AM): Sports; WERK-FM: Oldies; WLBC-FM: AC; WNKI-FM: CHR; WWLZ(AM): News/Talk/Sports; WPGI-FM: Country; WNGZ-FM: Classic Rock; WHDL(AM): Oldies; WPIG-FM: Country; WGMF(AM): Country; WCXR-FM: Classic Rock; WBZD-FM: Oldies; WZXR-FM: Classic Rock; WSFT-FM: Soft AC; WWPA(AM): News; WILQ-FM: Country
Broker: Terry Greenwood of Patrick Communications
WDBL(AM) and -FM Springfield (Nashville), Tenn.
Price: $1.5 million
Buyer: Saga Communications Inc. (Edward K. Christian, president/CEO); owns 65 other stations, none in this market
Seller: Tuned In Broadcasting Inc. (Lester L. Turner, president/chairman/CEO)
Facilities: WDBL-FM: 94.3 MHz, 3 kW, ant. 325 ft.; WDBL(AM): 1590 kHz, 710 W day/30 W night
Format: WDBL-FM: AAA; WDBL(AM): Country
FMs
KABK-FM Augusta, Ark.
Price: $2.75 million
Buyer: Family Worship Center Church Inc. (Jimmy Swaggart, member); owns 13 other stations, none in this market
Seller: Searcy Broadcasting Inc. (Ken Madden, owner)
Facilities: 97.7 MHz, 100 kW, ant. 620 ft.
Format: AC
Broker: Wally Tucker of MGMT Services Inc
KTXC-FM Lamesa (Odessa-Midland), Texas
Price: $740,000; $640,000 to be paid in cash at closing, the rest in the form of advertising time on the station or Midessa's TV and LPTV stations in Odessa over three years
Buyer: Midessa Broadcasting LP (Robert H. Drewery, vice president); no other radio stations
Seller: Graham Brothers Communications LLC (Roger Gearhart, president)
Facilities: 104.7 MHz, 100 kW, ant. 794 ft.
Format: Spanish
AMs
KURS(AM) San Diego
Price: $8.5 million
Buyer: Hi-Favor Broadcasting LLC (Roland Hinz, president); owns two other stations, none in this market
Seller: Pacific Spanish Network, (Jaime Bonilla, president)
Facilities: 1040 kHz, 370 W day/63 W night
Format: Spanish/Top 40/Sports
— Information provided by BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com
