Changing Hands

By BIA Financial Networks -- Broadcasting & Cable, 1/27/2003

Combos
KBTC(AM) and KUNQ-FM Houston, Mo.
PRICE: $300,000
BUYER: Quorum Radio Partners (Todd Fowler, chairman/CEO);owns seven other stations, none in this market
SELLER: Metropolitan Radio Group Inc. (Mark Acker, president)
FACILITIES: KBTC(AM): 1250 kHz, 1 kW day 51 W night; KUNQ-FM: 99.3 MHz, 30 kW, ant. 604 ft.
FORMAT: KBTC(AM): Country/ Blue Grass/Gospel; KUNQ-FM: Country/Blue Grass Gospel
KPWB(AM) and KPWB-FM Piedmont, Mo.
PRICE: $100,000
BUYER: Dockins Communications Inc. (Fred M. Dockins Sr., president); owns two
other stations, neither in this market
SELLER: Hunt Broadcasting Group Inc. (Steven Fuchs, owner)
FACILITIES: KPWB(AM): 1140 kHz, 1 kW day; KPWB-FM: 104.9 MHz, 4 kW ant. 856 ft.
FORMAT: KPWB(AM): Country; KPWB-FM: Country
WCVA(AM) and WCUL-FM Culpeper, Va.
PRICE: Swap (see item below)
BUYER: Piedmont Communications Inc. (John Schick, president); owns one other station, not in this market
SELLER: Joyner Radio Inc. (A. Thomas Joyner, president treasurer)
FACILITIES: WCVA(AM): 1490 kHz, 680 ft.; WCUL-FM: 103.1 MHz, 600 W, ant. 1,027 ft.
FORMAT: WCVA(AM): Nostalgia; WCUL-FM: Country

FMs
WKIE-FM Arlington Heights, WDEK-FM De Kalb and WKIF-FM Kankakee (Chicago), Ill.
PRICE: $22 million
BUYER: Spanish Broadcasting System (Raul Alarcon Jr., president); owns 24 other stations, including WLEY-FM Chicago.
SELLER: Big City Radio (Charles Fernandez, president CEO)
FACILITIES: WKIE-FM: 92.7 MHz, 2 kW, ant. 381 ft.; WDEK-FM: 92.5 MHz, 20 kW, ant. 489 ft.; WKIF-FM: 92.7 MHz, 3 kW, ant. 328 ft.
FORMAT: WKIE-FM: Spanish AC; WDEK-FM: Spanish AC; WKIF-FM: Spanish AC
KCSX-FM Lee's Summit (Kansas City), Mo.
PRICE: $2.6 million
BUYER: First Broadcasting Co. LP (Gary M. Lawrence, president/vice chairman); owns four other stations, none in this market
SELLER: Best Broadcasting Inc. (Phillip A. Chirillo, president)
FACILITIES: 97.3 MHz, 55 kW, ant. 1,171 ft.
FORMAT: Country
COMMENT: Purchase price was based on the station's move from Mobley, Mo., to Lee's Summit, which allows the station to cover the Kansas City market
KWSZ-FM Lompoc (Santa Maria-Lompoc), Calif.
PRICE: $1.05 million
BUYER: Mapleton Communications LLC (Michael Menerey, president); owns 22 other stations, none in this market
SELLER: Coast West Broadcasting Corp. (Brian E. Costello, president)
FACILITIES: 105.1 MHz, 420 W, ant. 1,217 ft.
FORMAT: Lite Rock
WQYZ-FM Ocean Springs (Biloxi-Gulfport-Pascagoula), Miss.
PRICE: $1.29 million
BUYER: Star Broadcasting Inc. (Ronald E. Hale Jr., president); no other broadcast interests
SELLER: Golden Gulf Coast Broadcast (Lawrence Steelman, president)
FACILITIES: 92.5 MHz, 6 kW, ant. 322 ft.
FORMAT: '70s and '80s
COMMENT: Star Broadcasting will immediately transfer the station to Clear Channel as part of a swap deal for WTKE-FM Holt, Fla.
KMGR-FM Delta, Utah
PRICE: $1.25 million
BUYER: 3 Points Media LLC (Bruce Buzil, manager); owns five other stations, none in this market
SELLER: Canyon Media (Kent Frandsen, director)
FACILITIES: 95.7 MHz, 100 kW, ant. 7 ft.
FORMAT: Soft AC
KGZH-FM Nyssa, Ore.
PRICE: $1 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 58 other stations, none in this market
SELLER: First Western Inc. (G.W. Gilbert, president/director)
FACILITIES: 98.7 MHz, 100 kW, ant. 968 ft.
FORMAT: Country
KZHR-FM Dayton (Richland-Kennewick-Pasco), Wash.
PRICE: $1 million
BUYER: Commonwealth Communications LLC (Dex Allen, president); owns 23 other stations, including KONA(AM) and -FM Richland-Kennewick-Pasco.
SELLER: Bridge Broadcasting Inc. (Ralph Broetje, president)
FACILITIES: 92.5 MHz, 54 kW, ant. 1,243 ft.
FORMAT: Spanish
WSOH-FM New Washington (Louisville), Ind.
PRICE: $950,000
BUYER: Evangel Schools Inc. (Gregory A. Holt, vice president); owns one other station, WJIE-FM Louisville
SELLER: Lifetalk Broadcasting Association (Phil Follett, president)
FACILITIES: 88.3 MHz, 1 kW, ant. 272 ft.
FORMAT: Christian
WFBZ-FM Trempealeau, Wis.
PRICE: $520,000
BUYER: S&S Broadcasting LLC (Michael W. Schmitz, member); no other broadcast interests
SELLER: Riverview Communications (Pat Delaney, president)
FACILITIES: 105.5 MHz, 2 kW, ant. 532 ft.
FORMAT: Alternative
KKOL-FM Hampton, Ark.
PRICE: $250,000
BUYER: Noalmark Broadcasting Corp. (William C. Nolan Jr. president); owns 13 other stations, none in this market
SELLER: Equity Broadcasting Corp. (Gordon W. Heiges, vice president)
FACILITIES: 106.5 MHz, 18 kW, ant. 302 ft.
FORMAT: Oldies
WMGO-FM Yazoo City (Jackson), Miss.
PRICE: $207,500
BUYER: SSR Communications Inc. (Matthew K. Wesolowski, officer); no other broadcast interests
SELLER: WMGO Broadcasting Corp. (Jerry Louseau, president/CEO)
FACILITIES: 93.1 MHz, 4 kW, ant. 394 ft.
FORMAT: Oldies
WJMA-FM Orange (Fredericksburg), Va.
PRICE: Swap (see item above)
BUYER: Joyner Radio Inc. (A. Thomas Joyner, president treasurer); owns four other stations, none in this market
SELLER: Piedmont Communications Inc. (John Schick, president)
FACILITIES: 98.9 MHz, 3 kW, ant. 322 ft.
FORMAT: Country
COMMENT: At the request of Joyner Broadcasting, Piedmont has filed a petition to change WJMA-FM's city of license from Orange to Midlothian, Va., and upgrade the station from a Class A to a Class B1.
WTKE-FM Holt (Pensacola), Fla.
PRICE: Swap
BUYER: Star Broadcasting Inc. (Ronald E. Hale Jr., president); no other broadcast interests
SELLER: Clear Channel Communications (John Hogan, CEO Radio)
FACILITIES: 98.1 MHz, 100 kW, ant. 482 ft.
FORMAT: Sports
COMMENT: Clear Channel is swapping WTKE-FM Holt, Fla., for Star Broadcasting's WQYZ-FM Ocean Springs. Star Broadcasting purchased WQYZ-FM and immediately spun the station to Clear Channel

AMs
KSDO(AM) San Diego
PRICE: $10 million
BUYER: Hi-Favor Broadcasting LLC (Roland Hinz, president); owns three other stations, including KURS(AM) San Diego
SELLER: Chase Radio Partners (Tony Case, CEO)
FACILITIES: 1130 kHz, 10 kW
FORMAT: Talk
KCUV(AM) Englewood (Denver-Boulder), Colo.
PRICE: $3.32 million
BUYER: Newspaper Radio Corp. (Tim Brown, chairman/CEO); owns one other station, KNRC(AM) Denver-Boulder
SELLER: Radio Unica (Joaquin Blaya, chairman)
FACILITIES: 1150 kHz, 10 kW day/1 kW night
FORMAT: Spanish/News/Talk
WJOB(AM) Hammond, Ind. (Chicago)
PRICE: $3.25 million
BUYER: Starboard Broadcasting Inc. (Mark Follett, chairman/CEO); owns 12 other stations, including WWCA(AM) Chicago
SELLER: St. George Broadcasting (Robert J. Macinni, receiver)
FACILITIES: 1230 kHz, 1 kW
FORMAT: News/Talk/Sports
BROKER: Dick Kozacko, Kozacko Media Services, and Bob Maccini, Media Services Group
WEEF(AM) Highland Park (Chicago), Ill.
PRICE: $1 million
BUYER: Polnet Communications Ltd. (Kent Gustafson, vice president); owns four other stations, including WKTA(AM) and WNVR(AM) Chicago
SELLER: Leveton Communications Inc. (Howard Leveton, president)
FACILITIES: 1430 kHz, 1 kW day/29 W night
FORMAT: Ethnic
BROKER: Broadcasting Asset Management Corp.
WAAT(AM) Olyphant (Wilkes Barre-Scranton), Pa.
PRICE: $170,000
BUYER: Holy Family Communications (James Wright, president); owns two other stations, none in this market
SELLER: Fennessy Broadcasting Stations Corp. (Kevin M. Fennessy, president)
FACILITIES: 750 kHz, 2 kW
FORMAT: Religion/Ethnic
WCMP(AM) Pine City, Minn.
PRICE: $100,000
BUYER: Quest Broadcasting Inc. (Paul Estenson, owner); owns two other stations, neither in this market
SELLER: Alan Quarnstrom
FACILITIES: 1350 kHz, 1 kW day/52 W night
FORMAT: Easy
WMGR(AM) Bainbridge, Ga.
PRICE: $90,000
BUYER: Decatur Broadcasting Inc. (Gordon Van Mol); no other broadcast interests
SELLER: Clear Channel Communications (John Hogan, CEO Radio)
FACILITIES: 930 kHz, 5 kW day/500 W night
FORMAT: Oldies
WGLL(AM) Auburn (Ft. Wayne), Ind.
TERMS: Donation
BUYER: Raymond & Dorothy Moore Foundation (Raymond Moore, secretary); no other broadcast interests
SELLER: Kovas Communications (Frank Kovas, president/director)
FACILITIES: 1570 kHz, 500 W day/151 W night
FORMAT: Dark
WQYZ-FM Ocean Springs (Biloxi-Gulfport-Pascagoula), Miss.
PRICE: Swap
BUYER: Clear Channel Communications (John Hogan, CEO Radio); No. 1 group owns 1,210 other stations, none in this market
SELLER: Star Broadcasting Inc. (Ronald E. Hale Jr., president)
FACILITIES: 92.5 MHz, 6 kW, ant. 322 ft.
FORMAT: '70s and '80s
COMMENT: Star Broadcasting is swapping WQYZ-FM for WTKE-FM Holt, Fla., immediately after buying the station from Golden Gulf Coast Broadcasting
Station Sales Decline

	2001		2002
	Number	Value (million)	Number	Value (million)
Television	113	$4,945,435	92	$2,493,142
Radio	1,033	$3,858,085	805	$5,459,826
Source: BIA Financial Networks