Changing Hands
By Staff -- Broadcasting & Cable, 10/4/2004
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TVs
WHOA(LP) Raleigh, N.C.
PRICE: $461,558
BUYER: ZGS Broadcast Holdings Inc. (Ronald Gordon, president)
SELLER: Tiger Eye Broadcasting Corp. (John N Kyle II, president/CEO)
FACILITIES: Ch. 44, 15 kW, ant. 395 ft.
W48DD Blue Island, Ill.
PRICE: $300,000
BUYER: Weigel Broadcasting Co. (Howard Shapiro, chairman)
SELLER: Catholic Views Broadcasts Inc. (Kenneth J. Baker, president)
FACILITIES: Ch. 48, 20 kW
K15FZ Juneau, Alaska
PRICE: $5,100
BUYER: Contemporary Communications LLC (Larry G. Fuss, president)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 15, 20 kW
AFFILIATION: TBN
K30HO Pago Pago, American Samoa
PRICE: $5,100
BUYER: South Seas Broadcasting Inc. (Larry G. Fuss, president)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 30, 2 kW
K30HV North Platte, Neb.
PRICE: $5,100
BUYER: Brady Broadcasting (William G. Brady, owner)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 30, 8 kW, ant. 226 ft.
Combos
KELO(AM), KWSN(AM), KELO(FM), KRRO(FM) and KTWB(FM) Sioux Falls, S.D.
PRICE: Undisclosed
BUYER: Backyard Broadcasting (Barry Drake, president/CEO); owns 22 other stations, none in this market.
SELLER: Midcontinent Media Inc. (Nathan L. Bentson, chairman/CEO)
FACILITIES: KELO(AM): 1320 kHz, 5 kW; KWSN(AM): 1230 kHz, 440 W; KELO(FM): 92.5 MHz, 100 kW, ant. 1,821 ft.; KRRO(FM): 103.7 MHz, 38 kW, ant. 394 ft.; KTWB(FM): 101.9 MHz, 34 kW, ant. 581 ft.
FORMAT: KELO(AM): News/ Talk; KWSN(AM): Sports; KELO(FM): Lite AC; KRRO(FM): AOR; KTWB(FM): Country
BROKER: Kalil and Co. Inc.
WDHI(FM) Delhi; WIYN(FM) Deposit (Binghamton); WCHN(AM), WBKT(FM) and WKXZ(FM) Norwich; WZOZ(FM) Oneonta; and WDLA(AM) and WDLA(FM) Walton, N.Y.
PRICE: Undisclosed
BUYER: Pilot Group LP (Robert B. Sherman, senior VP); owns six other stations, none in this market
SELLER: BanJo Communications Group (James Johnson, general manager)
FACILITIES: WDHI(FM): 100.3 MHz, 770 W, ant. 643 ft.; WIYN(FM): 94.7 MHz, 770 W, ant. 643 ft.; WCHN(AM): 970 kHz, 1 kW; WBKT(FM): 95.3 MHz, 490 W, ant. 820 ft.; WKXZ(FM): 93.9 MHz, 26 kW, ant. 676 ft.; WZOZ(FM): 103.1 MHz, 2 kW, ant. 361 ft.; WDLA(AM): 1270 kHz, 5 kW day/89 W night; WDLA(FM): 92.1 MHz, 690 W, ant. 656 ft.
FORMAT: WDHI(FM): Oldies; WIYN(FM): Oldies; WCHN(AM): Nostalgia; WBKT(FM): Country; WKXZ(FM): Hot AC; WZOZ(FM): '70s and '80s; WDLA(AM): Nostalgia; WDLA(FM): Country
BROKER: Robert Mahlman of Mahlman Co.
FMs
KWLL(FM)(CP) Texarkana, Ark.
PRICE: $125,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 109 other stations, including KLMZ(FM) Texarkana, Texas
SELLER: Broadcasting for the Challenged Inc. (George S. Flinn Jr., president)
FACILITIES: 89.3 MHz, 8 kW, ant. 52 ft.
FORMAT: CP—NOA
KSRD(FM)(CP) St. Joseph, Mo.
PRICE: $10,600
BUYER: Horizon Christian (Michael MacIntosh, president/director); owns one other station, not in this market
SELLER: Calvary Chapel of St Joseph Inc. (Pat Wood, pastor/ president)
FACILITIES: 91.9 MHz, 10 kW, ant. 492 ft.
FORMAT: CP—NOA
WAPJ(FM) Torrington, Conn.
PRICE: Undisclosed
BUYER: The I.B. and Zena H. Temkin Foundation Inc. (Zena H. Temkin, president/director); owns no other stations
SELLER: Nutmeg Conservatory for the Arts Inc. (Sharon Dante, director)
FACILITIES: 89.9 MHz, 40 W, ant. 276 ft.
FORMAT: Informational/Educational
AMs
KXPL(AM) El Paso, Texas
PRICE: Undisclosed
BUYER: New Radio System Inc. (Paul Gregg, president/director); owns no other stations
SELLER: K-FINA Results Inc. (Roberto Corral, president)
FACILITIES: 1060 kHz, 10 kW
FORMAT: Mexican
COMMENT: The four stockholders of K-FINA Results are returning their shares to the corporation for cancellation as a result of the losses of the station. To pay off the accumulated debt of approximately $140,000, two new shareholders and one old one have created and purchased shares in New Radio System Inc. to eliminate the existing debt.
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
| 2004 YTD* | 2003 Total | |||
| Number | Value (000) | Number | Value (000) | |
| Television | 63 | $393,488 | 70 | $500,601 |
| Radio | 661 | $1,478,911 | 880 | $2,324,227 |
| Source: BIA Financial Networks *As of 9/29/04 |
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