Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 11/11/2002
Combos
WTCF-FM Carrollton, WCEN-FM Hemlock, WSGW(AM), WGER-FM and WTLZ-FM Saginaw (Saginaw-Bay City-Midland), Mich.
Price: $55.5 million
Buyer: NextMedia Group (Skip Weller, president/co-COO); owns 56 other stations, none in this market
Seller: Wilks Broadcasting LLC (Jeff Wilks, CEO)
Facilities: WTCF-FM: 100.5 MHz, 6 kW, ant. 328 ft.; WCEN-FM: 94.5 MHz, 100 kW, ant. 981 ft.; WSGW(AM): 790 kHz, 5 kW day/1 kW night; WGER-FM: 106.3 MHz, 4 kW, ant. 381 ft.; WTLZ-FM: 107.1 MHz, 5 kW, ant. 361 ft.
Format: WTCF-FM: Hot AC; WCEN-FM: Country; WSGW(AM): News/Talk; WGER-FM: Soft Rock; WTLZ-FM: Urban AC
KBIX(AM) Muskogee and KHJM-FM Taft, Okla.
Price: $1 million
Buyer: Stephens Family LP (Michael P. Stephens, president); owns nine other stations, including KMMY-FM Muskogee
Seller: Taft Broadcasting Inc. (Bryant W. Ellis, president)
Facilities: KBIX(AM): 1490 kHz, 450 W day; KHJM-FM: 100.3 MHz, 4 kW, ant. 410 ft.
Format: KBIX(AM): Oldies; KHJM-FM: Gospel
WZKR-FM Decatur, Miss.
Price: $800,000
Buyer: Ponytail Broadcasting LLC (William T. Smith, president); no other broadcast interests
Seller: Rainey Broadcasting Inc. (Kenneth Rainey, president/director)
Facilities: 103.3 MHz, 5 kW, ant. 591 ft.
Format: Adult Hits
WHFD-FM Lawrenceville and WHLF(AM) South Boston, Va.
Price: $250,000
Buyer: J&J Broadcasting Inc. (Katrina T. Chase, president); no other broadcast interests
Seller: Willis Broadcasting Corp. (Levi E. Willis, president)
Facilities: WHFD-FM: 105.5 MHz, 6 kW, ant. 154 ft.; WHLF(AM): 1400 kHz, 1 kW
Format: WHFD-FM: dark; WHLF(AM): dark
FMs
WXGV-FM Fernandina Beach and WYGV-FM St. Augustine Beach (Jacksonville), Fla.
Price: $8.5 million
Buyer: Tama Broadcasting Inc. (Glen Cherry, president); owns five other stations, including WHJX-FM Jacksonville
Seller: Mondosphere Broadcasting (Clifford Burnstein, co-president)
Facilities: WXGV-FM: 105.3 MHz, 4 kW, ant. 410 ft.; WYGV-FM: 105.5 MHz, 16 kW, ant. 410 ft.
Format: WXGV-FM: Hot AC; WYGV-FM: Hot AC
Broker: Tony Rizzo of Blackburn and Co. Inc. and Joe Rapchak of Blackburn and Co. Inc.
WYLT-FM Fort Wayne and WEXI-FM Huntington (Ft. Wayne), Ind.
Price: $4 million
Buyer: Travis Broadcasting (Karen Travis, president); owns six other stations, including WGL (AM), WCKZ-FM, WNHT-FM and WXTW-FM Fort Wayne.
Seller: Taylor Broadcast Group (Robert Taylor, president)
Facilities: WYLT-FM: 103.9 MHz, 3 kW, ant. 328 ft.; WEXI-FM: 102.9 MHz, 3 kW, ant. 299 ft.
Format: WYLT-FM: AC; WEXI-FM: Modern Rock
CP Mount Horeb (Madison), Wis.
Price: $2.17 million
Buyer: Mid-West Family Broadcast Group (Thomas A. Walker, COO/director); owns 22 other stations, including WTDA(AM), WTDY(AM), WTUX(AM), WJJO-FM, WMGN-FM and WWQM-FM Madison
Seller: Magnum Radio Inc. (David R. Magnum, president)
Facilities: 106.7 MHz, 3 kW, ant. 479 ft.
Format: CP—NOA
Broker: Kalil and Co. Inc.
WGPM-FM Farmville and WCZI-FM Washington (Greenville-New Bern-Jacksonville), N.C.
Price: $3 million
Buyer: Archway Broadcasting Group LLC (Al Vicente, president/CEO); owns four other stations: WCBZ-FM, WNBR-FM, WRHT-FM and WZBR-FM Greenville-New Bern-Jacksonville
Seller: New East Communications Inc. (Henry W. Hinton Jr., president)
Facilities: WGPM-FM: 94.3 MHz, 2 kW, ant. 407 ft.; WCZI-FM: 98.3 MHz, 1 kW, ant. 489 ft.
Format: WGPM-FM: Soft Rock; WCZI-FM: News/Talk/Sports
WVOD-FM Manteo (Elizabeth City-Nags Head), N.C.
Price: $1 million
Buyer: Convergent Broadcasting LLC (Bruce Biette, president/COO); owns two other stations: WNHW-FM and WYND-FM Elizabeth City-Nags Head
Seller: Orbit Communications Inc. (Jennifer Frost, president)
Facilities: 99.1 MHz, 50 kW, ant. 492 ft.
Format: AAA
Broker: George Reed of Media Services Group
AMs
WSRO(AM) Watertown (Boston), Mass.
Price: $1.8 million
Buyer: Multicultural Radio Broadcasting Inc. (Arthur Liu, president); owns 31 other stations, including WLYN(AM) Boston
Seller: Langer Broadcasting Corp. (Alexander Langer, president)
Facilities: 1470 kHz, 1 kW day/3 kW night
Format: Talk
KALY(AM) Los Ranchos De Albuquerque (Albuquerque), N.M.
Price: $650,000
Buyer: ABC Radio Inc. (John Hare, president, ABC Radio); owns 68 other stations, none in this market
Seller: Septien and Associates (Gloria Septien, owner/GM)
Facilities: 1240 kHz, 1 kW
Format: Mexican
Broker: Bill Whitley of Media Services Group
WPAO(AM) Farrell (Youngstown-Warren), Pa.
Price: $350,000, $100,000 of which will be paid in a tax-relief donation
Buyer: Holy Family Communications (James Wright, president); owns one other station, not in this market
Seller: D&E Communications Inc. (Dale Edwards, president)
Facilities: 1470 kHz, 1 kW day/500 W night
Format: Christian
—Information provided by BIA Financial Networks' Media Access Pro, Chantilly, Va. www.bia.com
