Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 10/28/2002
Combos
KUBA(AM) and KXCL-FM Yuba City, Calif.
Price: $3.8 million
Buyer: Midvalley Radio Partners LLC; no other broadcast interests
Seller: Harlan Communications Inc. (Robert Harlan, president)
Facilities: KUBA(AM): 1600 kHz, 5 kW day/ kW night; KXCL-FM: 103.9 MHz, 510 W, ant. 2,024 ft.
Format: KUBA(AM): Adult Standard; KXCL-FM: Hot AC
Broker: Austin Walsh, Media Services Grp.
WDBC(AM) and WYKX-FM Escanaba, Mich.
Price: $850,000
Buyer: Starboard Broadcasting Inc. (Mark Follett, chairman/CEO); owns 10 other stations, none in this market
Seller: KMB Broadcasting Inc. (James R. Cook, president)
Facilities: WDBC(AM): 680 kHz, 10 kW day/1 kW night; WYKX-FM: 104.7 MHz, 100 kW, ant. 351 ft.
Format: WDBC(AM): Variety; WYKX-FM: Country
Comment: In a separate deal, Starboard is purchasing WADW(AM) Pickford, Mich., from Seaway (see below). This deal is contingent on FCC approval of both
FMs
WCEF-FM Ripley, W.Va.
Price: $762,500
Buyer: Big River Radio Inc. (Edward Baker, VP); owns one other station
Seller: Dailey Corp. (Calvin E. Dailey Jr., president)
Facilities: 98.3 MHz, 3 kW, ant. 299 ft.
Format: Country
WADW-FM Pickford, Mich.
Price: $750,000
Buyer: Starboard Broadcasting Inc. (Mark Follett, chairman/CEO); owns 11 other stations, none in this market
Seller: Seaway Broadcasting Inc. (Ashley P. Herweg, president)
Facilities: 105.5 MHz, 55 kW, ant. 108 ft.
Format: Oldies
Comment: Barchief LLC owns the option on this station and will receive $746,500 of the purchase price. Starboard has agreed to purchase two stations from Barchief affiliate KMB Broadcasting (see above)
AMs
WCTR(AM) Chestertown, Md.
Price: $300,000
Buyer: Riverside Broadcasting LLC (Brian Wilson, member); no other broadcast interests
Seller: Kent Broadcasting Corp. (Jody Taylor, president/GM)
Facilities: 1530 kHz, 1 kW
Format: Adult Standard
WVJS(AM) Owensboro, Ky.
Price: $300,000
Buyer: Cromwell Group Inc. (Baynard H. Walters, president); owns 19 other stations, including WKCM(AM), WBIO-FM, WLME-FM, WTCJ-FM and WXCM-FM Owensboro
Seller: Brill Media Co. (Alan R. Brill, president)
Facilities: 1420 kHz, 5 kW day/1 kW night
Format: Adult Standard
KPSA(AM) Roswell, N.M.
Price: $250,000
Buyer: Roswell Radio Inc. (John M. Dunn, owner); owns KBCQ-FM, KMOU-FM and KSFX-FM Roswell
Seller: Runnels Broadcasting System LLC (Dewey Matthew, president)
Facilities: 1230 kHz, 800 W day/800 W night
Format: Spanish AC
WKBH(AM) Holmen (La Crosse), Wis.
Price: $210,000
Buyer: Starboard Broadcasting Inc. (Mark Follett, chairman/CEO); owns 11 other stations, none in this market
Seller: Riverview Communications (Pat Delaney, president)
Facilities: 1570 kHz, 1 kW day/365 W night
Format: Sports/Talk
—Information provided by BIA Financial Networks' Media Access Pro, Chantilly, Va. www.bia.com
