Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 2/17/2003
Combos
WBGB-FM Ponte Vedra Beach, WJGR(AM), WZNZ(AM) and WZAZ(AM) Jacksonville, Fla.
PRICE: $9.25 million
BUYER: Salem Communications Corp. (Edward G. Atsinger, president/CEO); owns 84 other stations, none in this market
SELLER: Concord Media Group Inc. (Mark W. Jorgenson, president)
FACILITIES: WBGB-FM: 106.5 MHz, 6 kW, ant. 328 ft.; WJGR(AM): 1320 kHz, 5 kW; WZNZ(AM): 1460 kHz, 5 kW; WZAZ(AM): 1400 kHz, 1 kW
FORMAT: WBGB-FM: Christian Contemporary; WJGR(AM): News/Talk/Sports; WZNZ(AM): Sports; WZAZ(AM): Gospel
FMs
WCIB-FM Falmouth, WPXC-FM Hyannis and WRZE-FM Nantucket (Cape Cod), Mass.
PRICE: $32 million
BUYER: Qantum Communications Inc.(Frank Osborn, partner); no other broadcast interests
SELLER: Makkay Broadcasting Group (Al Makkay, president)
FACILITIES: WCIB-FM: 101.9 MHz, 50 kW, ant. 479 ft.; WPXC-FM: 102.9 MHz, 3 kW, ant. 463 ft.; WRZE-FM: 96.3 MHz, 32 kW, ant. 430 ft.
FORMAT: WCIB-FM: AC/Sports; WPXC-FM: Rock; WRZE-FM: CHR
BROKER: Robert A. Chaisson of Chaisson & Co. Inc.
KASZ-FM Gatesville (Killeen-Temple), Texas
PRICE: $100,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 59 other stations, none in this market
SELLER: Clear Channel Communications (John Hogan, CEO Radio)
FACILITIES: 98.3 MHz, 180 W, ant. 279 ft.
FORMAT: Classic Rock
BROKER: John Pierce of John Pierce & Co.
COMMENT: If the fair-market value exceeds the purchase price, Clear Channel will write the remainder off as a charitable donation.
KAXG-FM Gillette, Wyo.
PRICE: $65,000
BUYER: Hi-Line Radio Fellowship (Roger Lonnquist, second chair); owns nine other stations, none in this market
SELLER: American Family Association Inc. (Donald E. Wildmon, president)
FACILITIES: 89.7 MHz, 250 W, ant. 249 ft.
FORMAT: Christian
KOHR-FM(CP) Sheridan, Wyo.
PRICE: $10,000
BUYER: Hi-Line Radio Fellowship (Roger Lonnquist, second chair); owns nine other stations, none in this market
SELLER: American Family Association Inc. (Donald E. Wildmon, president)
FACILITIES: 88.7 MHz, 500 W, ant. 6 ft.
FORMAT: CP—NOA
AMs
KGLW(AM) San Luis Obispo, Calif.
PRICE: $370,000
BUYER: Mapleton Communications LLC (Michael Menerey, president); owns 23 other stations, including KOTR-FM, KXDZ-FM and KXTZ-FM San Luis Obispo
SELLER: RocGlo Communications (Gloria L. Rivera, owner)
FACILITIES: 1340 kHz, 790 W
FORMAT: Talk
WLLM(AM) Lincoln (Springfield), Ill.
PRICE: $275,000
BUYER: Cornerstone Community Radio Inc. (Richard Van Zandt, president); owns WLWJ-FM Springfield
SELLER:Saga Communications Inc. (Edward K. Christian, president/CEO)
FACILITIES: 1370 kHz, 1 kW day/35 W night
FORMAT: Big Band
WKTF(AM) Vienna, Ga.
PRICE: $208,000
BUYER: Santillana Broadcasting Inc. (Jamie A. Santillana, president/director); no other broadcast interests
SELLER: DANA Communications Inc. (David Adams, president)
FACILITIES: 1550 kHz, 1 kW day/23 W night
FORMAT: Oldies
WZCM(AM) Young Harris, Ga.
PRICE: $120,000
BUYER: Wolf Creek Broadcasting Inc. (Clair W. Frazier, CEO/COO); no other broadcast interests
SELLER: Young Harris Broadcasting Inc. (Shirley Miller, CEO/CFO)
FACILITIES: 770 kHz, 750 W day
FORMAT: Gospel
WCKL-AM Catskill, N.Y.
PRICE: $100,000
BUYER: Black United Fund of New York Inc. (Kermit Eady, president/CEO); no other broadcast interests
SELLER: Concord Media Group Inc. (Mark W. Jorgenson, president)
FACILITIES: 560 kHz, 1 kW day/43 W night
FORMAT: Nostalgia
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
