Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 3/17/2003
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TVs
WSFX-TV Wilmington, NC
PRICE: $14 million
BUYER: Southeastern Media Holdings LLC (Michael E. Reed, president/CEO)
SELLER: Robinson O. Everett
FACILITIES: Ch.26, 2,190 kW, ant. 1,640 ft
AFFILIATION: Fox
Combos
KLBJ-FM and KLBJ-AM Austin, KGSR-FM Bastrop, KROX-FM Buda and KXMG-FM Cedar Park (Austin), all Texas
PRICE: $105 million
BUYER: Emmis Communications (Jeff Smulyan, chairman/ CEO); No. 10 station group owns 22 other stations, including KEYI-FM Austin
SELLER: LBJS Broadcasting LP (Ian Turpin, president)
FACILITIES: KLBJ-FM: 93.7 MHz, 97 kW, ant. 1,050 ft.; KLBJ-AM: 590 kHz, 5 kW day/1 kW night; KGSR-FM: 107.1 MHz, 39 kW, ant. 499 ft.; KROX-FM: 101.5 MHz;, 13 kW, ant. 843 ft.; KXMG-FM: 93.3 MHz, 100 kW, ant. 1,926 ft.
FORMAT: KLBJ-FM: Rock; KLBJ-AM: News/Talk; KGSR-FM: AAA; KROX-FM: Alternative; KXMG-FM: CHR/Rhymc
BROKER: Elliot B. Evers of Media Venture Partners
COMMENT: LBJS is selling its interest in five of its stations in the Austin market to Emmis and Sinclair, which will own 50.1% and 49.9%, respectively. Sinclair will contribute KEYI-FM. The agreement also gives Emmis an option to buy Sinclair's share in five years
WBGA-FM Darien (Brunswick), WCJM-FM West Point, WWSN-FM Waycross and WGIG(AM) Brunswick, WHFX-FM St. Simons Island (Brunswick), WMOG(AM) Brunswick, WPLV(AM) West Point, WYNR-FM Waycross (Brunswick), all Ga.; WDAR-FM Darlington, WDSC(AM) Dillon, WPFM(AM) Darlington and WEGX-FM Dillon (Florence), WGTR-FM Bucksport (Myrtle Beach), WJMX-FM Cheraw and WJMX(AM) Florence, WSQN-FM Scranton (Florence), WWSK-FM Briarcliff Acres and WWXM-FM Garden City (Myrtle Beach), WGSS-FM Kingstree (Florence), all S.C.; WKKR-FM Auburn, WMXA-FM Opelika, WZMG(AM) Pepperell, WTLM(AM) Opelika, all Ala.; WMXZ-FM De Funiak Springs (Ft. Walton Beach), WWAV-FM Santa Rosa Beach (Ft. Walton Beach), all Fla.; WDZD-FM Ocean Isle Beach (Wilmington), N.C.
PRICE: $82 million
BUYER: Qantum Communications Inc. (Frank Osborn, partner); owns three other stations, none in this market
SELLER: Root Communications Group LP (Daniel C. Savadove, CEO)
FACILITIES: WBGA-FM: 107.7 MHz, 50 kW, ant. 482 ft.; WCJM-FM: 100.9 MHz, 6 kW, ant. 328 ft.; WWSN-FM: 103.3 MHz, 100 kW, ant. 994 ft.; WGIG: 1440 kHz, 5 kW day/1 kW night; WHFX-FM: 92.7 MHz, 6 kW, ant. 328 ft.; WMOG: 1490 kHz, 600 W, WPLV: 1310 kHz, 1 kW day/31 W night; WYNR-FM: 102.5 MHz, 97 kW, ant. 994 ft.; WDAR-FM: 105.5 MHz, 17 kW, ant. 400 ft.; WDSC: 800 kHz, 1 kW day/380 W night; WPFM: 1400 kHz, 1 kW; WEGX-FM: 92.9 MHz, 100 kW, ant. 1,801 ft.; WGTR-FM: 107.9 MHz, 20 kW, ant. 784 ft.; WJMX-FM: 103.3 MHz, 50 kW, ant. 492 ft.; WJMX: 970 kHz, 10 kW day/3 kW night; WSQN-FM: 102.9 MHz, 3 kW, ant. 466 ft.; WWSK-FM: 107.1 MHz, 50 kW, ant. 492 ft.; WWXM-FM: 97.7 MHz, 100 kW, ant. 719 ft.; WGSS-FM: 94.1 MHz, 6 kW, ant. 328 ft.; WKKR-FM: 97.7 MHz, 3 kW, ant. 453 ft.; WMXA-FM: 96.7 MHz, 4 kW, ant. 430 ft.; WZMG: 910 kHz, 650 W day/56 W night; WTLM: 1520 kHz, 1 kW day; WMXZ-FM: 103.1 MHz, 50 kW, ant. 482 ft.; WWAV-FM: 102.1 MHz, 50 kW, ant. 374 ft.; WDZD-FM: 93.5 MHz, 6 kW, ant. 328 ft.
FORMAT: WBGA-FM: Oldies; WCJM-FM: Country; WWSN-FM: AC; WGIG(AM): News/Talk/Sports; WHFX-FM: Classic Rock; WMOG(AM): Nostalgia; WPLV(AM): Gospel; WYNR-FM: Country; WDAR-FM: Soft AC; WDSC(AM): Gospel; WPFM(AM): Gospel; WEGX-FM: Country; WGTR-FM: Country; WJMX-FM: CHR; WJMX: News/Talk/Sports; WSQN-FM: Oldies; WWSK-FM: Classic Rock; WWXM-FM: Mix AC; WGSS-FM: Gospel; WKKR-FM: Country; WMXA-FM: AC; WZMG: Gospel; WTLM: Nostalgia; WMXZ-FM: Hot AC; WWAV-FM: Classic Rock; WDZD-FM: Soft AC
BROKER: Peter Handy of Star Media Group Inc.
FMs
KNGT-FM Jackson, Calif.
PRICE: $24 million
BUYER: Hispanic Broadcasting Corp. (McHenry Tichenor Jr., president/CEO); owns six other stations, none in this market
SELLER: First Broadcasting Co. LP (Gary M. Lawrence, president/vice chairman)
FACILITIES: 94.3 MHz, 510 W, ant. 1,089 ft.
FORMAT: AC
WSOX-FM Red Lion (York), Pa.
PRICE: $23 million
BUYER: Susquehanna Radio Corp. (Dave Kennedy, president/COO); owns 32 other stations, including WSBA-AM and WARM-FM York
SELLER: Brill Media Co. (Alan R. Brill, president)
FACILITIES: 96.1 MHz, 50 kW, ant. 499 ft.
FORMAT: Oldies
BROKER: Kalil and Co. Inc.
COMMENT: Susquehanna Radio is buying WSOX-FM from Brill Media's Lancaster-York Broadcasting after Lancaster-York exercised its LMA/option to purchase the station from Pioneer Broadcasting
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
| 2003 | 2002 | |||
| Number | Value (million) | Number | Value (million) | |
| Television | 5 | $112,500 | 22 | $792,581 |
| Radio | 123 | $344,297 | 94 | $328,827 |
| Source: BIA Financial Networks *Through Feb. 28 |
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