Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 11/3/2003
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TVs
KADY-TV Oxnard, Calif.
PRICE: $23 million
BUYER: Bela LLC (Matthew Leibowitz, VP/secretary/member)
SELLER: Biltmore Broadcasting LLC (Brian E. Cobb, controlling owner/CEO)
FACILITIES: Ch. 63, 5,000 kW, ant. 1,808 ft.
AFFILIATION: Ind.
KLSB-TV Nacogdoches, Texas
PRICE: $4 million
BUYER: Max Media LLC (John A. Trinder, president)
SELLER: Brian E. Cobb
FACILITIES: Ch. 19, 4,270 kW, ant. 1,499 ft.
AFFILIATION: NBC
WGNM(TV) Macon, Ga.
PRICE: $3 million
BUYER: Christian TV Network (Robert D'Andrea, president)
SELLER: Macon Ministries
FACILITIES: Ch. 64, 1,150 kW, ant. 732 ft.
AFFILIATION: UPN
Combos
KTLQ(AM) and KEOK-FM Tahlequah, Okla.
PRICE: $1.15 million
BUYER: K95.5 Inc. (William H. Payne, owner); owns four other stations, none in this market
SELLER: Johnson Communications Inc. (Dewey Johnson, president)
FACILITIES: KTLQ(AM): 1350 kHz, 1 kW day/61 W night; KEOK-FM: 101.7 MHz, 25 kW, ant. 285 ft.
FORMAT: KTLQ(AM): Gospel; KEOK-FM: Country
WROB(AM) and WKBB-FM West Point (Columbus-Starkville-West Point), Miss.
PRICE: $900,000
BUYER: TeleSouth Communications Inc. (Stephen C. Davenport, president); owns nine other stations, none in this market
SELLER: Bob McRaney Enterprises (Bob McRaney, president)
FACILITIES: WROB(AM): 1450 kHz, 1 kW; WKBB-FM: 100.9 MHz, 25 kW, ant. 328 ft.
FORMAT: WROB(AM): Black Gospel; WKBB-FM: Jazz
KCHE(AM) and -FM Cherokee, Iowa
PRICE: $600,000
BUYER: J&J Broadcasting (Jeffrey Fuller, president); no other broadcast interests
SELLER: Cherokee Broadcasting Inc. (Jeffrey Fuller, incorporator)
FACILITIES: KCHE-AM: 1440 kHz, 500 W; KCHE-FM: 92.1 MHz, 3 kW, ant. 210 ft.
FORMAT: KCHE-AM: Adult Standard; KCHE-FM: AC
WELD(AM) Fisher and WELD-FM Petersburg, W.Va.
PRICE: $600,000
BUYER: Thunder Associates (Curtis E. Durst, managing member); no other broadcast interests
SELLER: South Branch Communications (Willard Earle, owner/president)
FACILITIES: WELD(AM): 690 kHz, 2 kW; WELD-FM: 101.7 MHz, 2 kW, ant. 515 ft.
FORMAT: WELD(AM): Country; WELD-FM: Country
WEMR(AM) and WCWY-FM Tunkhannock (Wilkes-Barre–Scranton), Pa.
PRICE: $515,000
BUYER: GEOS Communications (Benjamin P. Smith, general partner); no other broadcast interests
SELLER: Citadel Broadcasting Corp. (Farid Suleman, chairman/CEO)
FACILITIES: WEMR(AM): 1460 kHz, 5 kW day/1 kW night; WCWY-FM: 107.7 MHz, 240 W, ant. 1,161 ft.
FORMAT: WEMR(AM): Oldies; WCWY-FM: AC
FMs
WSKX-FM Hinesville, Ga.
PRICE: $2.79 million
BUYER: Glenn W. Cherry; owns three other stations, none in this market
SELLER: Communications Capital Managers LLC (Michael Oesterle, manager)
FACILITIES: 92.3 MHz, 50 kW, ant. 446 ft.
FORMAT: Smooth Jazz
KRAR-FM Brigham City (Salt Lake City-Ogden-Provo), Utah
PRICE: $2.3 million
BUYER: 3 Points Media LLC (Bruce Buzil, manager); owns six other stations, none in this market
SELLER: Mercury Broadcasting Co. Inc. (Van Archer, president)
FACILITIES: 106.9 MHz, 81 kW, ant. 2,165 ft.
FORMAT: Soft AC
KGVM-FM Gardnerville-Minden, Nev.
PRICE: $850,000
BUYER: Jerry Evans; no other broadcast interests
SELLER: Carson Valley Radio (Lloyd Higuera, owner)
FACILITIES: 99.1 MHz, 3 kW, ant. -817 ft.
FORMAT: AC
WVHT-FM Monticello (Tallahassee), Fla.
PRICE: $800,000
BUYER: Faith Radio Network Inc. (Scott Beigle, president/director); owns one other station, WFRF(AM) Tallahassee
SELLER: Wilson Broadcasting Inc. (James R. Wilson III, owner)
FACILITIES: 105.7 MHz, 16 kW, ant. 410 ft.
FORMAT: Urban
KHAT-FM Laramie, Wyo.
PRICE: $775,000
BUYER: Northeast Broadcasting Co. (Steven A. Silberberg, clerk/ director); owns 15 other stations, none in this market
SELLER: Rule Communications (Robert Rule, sole proprietor)
FACILITIES: 96.7 MHz, 7 kW, ant. 932 ft.
FORMAT: Oldies
BROKER: Greg Guy of Patrick Communications
KDJZ-FM Harwood (Fargo-Moorhead), N.D.
PRICE: $750,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 83 other stations, none in this market
SELLER: Tom Ingstad
FACILITIES: 100.7 MHz, 25 kW, ant. 328 ft.
FORMAT: Smooth Jazz
BROKER: Jody McCoy of Media Services Group
WLSA-FM Louisa (Charlottesville), Va.
PRICE: $550,000
BUYER: Piedmont Communications Inc. (John Schick, president); owns three other stations, none in this market
SELLER: Mid-Virginia Broadcasting Corp. (J. David Watt, president)
FACILITIES: 105.5 MHz, 3 kW, ant. 299 ft.
FORMAT: Country
WCLA-FM Claxton, Ga.
PRICE: $525,000
BUYER: Communications Capital Managers LLC (Michael Oesterle, manager); owns 11 other stations, none in this market
SELLER: Progressive United Communications (Frank Cummings, president)
FACILITIES: 107.3 MHz, 25 kW, ant. 328 ft.
FORMAT: Oldies
KLMZ-FM Fouke (Texarkana), Ark.
PRICE: $500,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 83 other stations, none in this market
SELLER: In Phase Broadcasting Inc. (Peter Cea, president)
FACILITIES: 104.3 MHz, 5 kW, ant. 361 ft.
FORMAT: AC
BROKER: Greg Guy of Patrick Communications
KCEL-FM California City, Calif.
PRICE: $500,000
BUYER: Point Broadcasting Co. (John Hearne, president); owns 11 other stations, none in this market
SELLER: KCEL Radio LLC (Kathryn J. Efford, GM/LLC member)
FACILITIES: 106.9 MHz, 2 kW, ant. 522 ft.
FORMAT: Oldies
KAOY-FM Kealakekua, Hawaii
PRICE: $500,000
BUYER: New West Broadcasting Co. (Christopher Leonard, VP); owns three other stations, none in this market
SELLER: Pacific Radio Group Inc. (Richard C. Bergson, president)
FACILITIES: 101.5 MHz, 7 kW, ant. 2,749 ft.
FORMAT: Hawaiian/AC
AMs
WJOB(AM) Hammond (Chicago) and WIMS(AM) Michigan City, Ind.
PRICE: $1.2 million
BUYER: Vazquez Development (Alexis Vazquez-Dedelow, managing member); no other broadcast interests
SELLER: St. George Broadcasting (Robert J. Macinni, receiver)
FACILITIES: WJOB(AM): 1230 kHz, 1 kW; WIMS(AM): 1420 kHz, 5 kW
FORMAT: WJOB(AM): News/ Talk/Sports; WIMS(AM):
Full Service
WZNA(AM) Moca (Puerto Rico), P.R.
PRICE: $950,000
BUYER: Newlife Broadcasting Inc. (Juan Carlos Matos Barreto, president); owns one other station, WBRQ-FM Cidra, P.R.
SELLER: Dominga Barreto Santiago (Juan Calos Matos, director, programming)
FACILITIES: 1040 kHz, 5 kW day/245 W night
FORMAT: Spanish/Tropical/
Variety
WHOL(AM) Allentown (Allentown-Bethlehem), Pa.
PRICE: $940,000
BUYER: Matthew Braccili; no other broadcast interests
SELLER: Lehigh Valley Broadcasting Associates Inc. (Leigh Murray, president)
FACILITIES: 1600 kHz, 500 W day/56 W night
FORMAT: Spanish/Christian/ Talk
WGFS(AM) Covington (Atlanta), Ga.
PRICE: $700,000
BUYER: Multicultural Radio Broadcasting Inc. (Arthur Liu, president); owns 48 other stations, including WATB(AM) Atlanta
SELLER: IPS Inc. (Philip M. Sullivan, owner)
FACILITIES: 1430 kHz, 4 kW day/212 W night
FORMAT: Oldies/Talk
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
| 2003 YTD* | 2002 Total | |||
| Number | Value (000) | Number | Value (000) | |
| Television | 55 | $439,256 | 93 | $2,493,292 |
| Radio | 722 | $2,019,311 | 808 | $5,379,706 |
| SOURCE: BIA Financial Networks *Through Oct. 29 |
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