Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 5/10/2004
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TVs
K57BY, K59BZ, and K55CJ Cripple Creek, Colo.
PRICE: $15,000
BUYER: Tuck Properties Inc. (Norwood Orrick, secretary)
SELLER: Cripple Creek Mountain Estates Property Managers Association (Kenneth Poncelow, president)
FACILITIES: K57BY: Ch. 57, 0.143 kW; K59BZ: Ch. 59, 0.143 kW; K55CJ: Ch. 55, 0.143 kW
K31HU Palm Springs, Calif.
PRICE: $10
BUYER: KM Communications (Myoung Hwa Bae, president)
SELLER: Gulf-CA Broadcasting (Robert G. Allen, executive vice president)
FACILITIES: Ch. 31, 9.7 kW
COMMENT: Sale includes the voluntary dismissal of the buyer's proposal for Ch. 34 at El Centro, Calif., which is mutually exclusive with the seller's proposal for Ch. 34 at El Centro
W51AD and W55AK Honaker, Va.
PRICE: $1
BUYER: Glenwood Communications Corp. (George E. DeVault, president)
SELLER: Russell County Board (James A. Gillespie, county administrator)
FACILITIES: W51AD: Ch. 51, 1.45 kW; W55AK: Ch. 55, 1.4 kW
W19CP Moultrie, W12DA Tifton, and W05CN Douglas, Ga.
PRICE: Undisclosed
BUYER: Southern Television and Radio LLC (James Christian Hawkins, partner)
SELLER: Tift Area TV (Kathy Hawkins, president)
FACILITIES: W19CP: Ch. 19, 150 kW, ant. 136 ft.; W12DA: Ch. 12, 0.10 kW; W05CN: Ch. 5, 3 kW
AFFILIATION: W19CP: Ind.
COMMENT: Court-ordered transfer
FMs
WXLS(FM) Danville (Champaign), Ill.
PRICE: $3.25 million
BUYER: Saga Communications Inc. (Edward K. Christian,
president/CEO); owns 78 other stations, including WIXY(FM), WKIO(FM) and WLRW(FM) Champaign
SELLER: Key Broadcasting Inc. (Chris Aldridge, president/CEO)
FACILITIES: 99.1 MHz, 50 kW, ant. 499 ft.
FORMAT: Classic Hits
BROKER: Ed Henson of Henson Media
KWFL(FM) Roswell, N.M.
PRICE: $1
BUYER: Family Life Broadcasting System (Randy L. Carlson, president); owns one other station, none in this market
SELLER: Roswell Christian Radio (James Teel, president)
FACILITIES: 99.5 MHz, 6 kW, ant. 459 ft.
FORMAT: Christian
AMs
WKMT(AM) Kings Mountain, N.C.
PRICE: Undisclosed
BUYER: Geddings and Phillips Broadcasting Corp. (Kevin L. Geddings, president/treasurer/ director); owns one other station, not in this market
SELLER: Bridges Broadcasting Co. Inc. (Jonas R. Bridges, president)
FACILITIES: 1220 kHz, 1 kW day/106 W night
FORMAT: Country/Gospel
WNMB(AM) North Myrtle Beach (Myrtle Beach), S.C.
PRICE: $250,000
BUYER: Norman Communications (William D. Norman Jr., president); owns no other stations
SELLER: Fidelity Broadcasting Corp. (John T. Davis, president/ director)
FACILITIES: 900 kHz, 500 W
FORMAT: Oldies
WYTH(AM) Madison, Ga.
PRICE: $63,000
BUYER: Craig M. Baker, (Craig Baker, owner); owns one other station, not in this market
SELLER: Central Georgia Broadcasting (Richard Bryan, president)
FACILITIES: 1250 kHz, 1 kW
FORMAT: Oldies
WMLC(AM) Monticello, Miss.
PRICE: $45,000
BUYER: Rivers LP (Wirt A. Yerger Jr., general partner); owns no other stations
SELLER: David H. Nichols, (David H. Nichols II, sole proprietor)
FACILITIES: 1270 kHz, 1 kW
FORMAT: Gospel
BROKER: Robco Co.
WKFL(AM) Bushnell, Fla.
PRICE: Undisclosed
BUYER: TalknSports Inc. (Bruce L. Cox, president); owns one other station, not in this market
SELLER: K Florida Radio Inc. (Keith Walker, president)
FACILITIES: 1170 kHz, 1 kW
FORMAT: Gospel
BROKER: Mayo Communications Inc.
| Number | value (000) | Number | value (000) | |
| 2004 YTD* | 2003 Total | |||
| Television | 37 | $252,676 | 70 | $500,601 |
| Radio | 324 | $688,793 | 898 | $2,345,204 |
| Source: BIA Financial Networks *As of 5/5/04 |
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Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com
