Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 10/11/2004
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TVs
WPHJ(CA) Vidalia, Ga.
PRICE: $250,000
BUYER: April E. McKinney (April E. McKinney, owner)
SELLER: Barinowski Investment Co. LP (Clarence Barinowski, president)
FACILITIES: Ch. 46, 150 kW, ant. 445 ft.
AFFILIATION: Ind.
KFQX Grand Junction, Colo.
PRICE: Undisclosed
BUYER: Parker Broadcasting Inc. (Barry Parker, president)
SELLER: John Harvey Rees (John Rees, president)
FACILITIES: Ch. 4, 100 kW, ant. 1,404 ft.
AFFILIATION: Fox
WBXK(CA) Jackson, Miss.
PRICE: Undisclosed
BUYER: Community Television Network LLC (Mark C. Mayo, CEO)
SELLER: The Box Worldwide LLC (Amy Brown)
FACILITIES: Ch. 8, 0.91 kW, ant. 1,050 ft.
AFFILIATION: Ind.
K58GA Lafayette and KLAF(LP) Opelousas, La.
PRICE: Undisclosed
BUYER: Communications Corp. of America (Thomas R. Galloway Sr., chairman)
SELLER: Delta Management Corp. (Charles H. Chatelain, president/CEO)
FACILITIES: K58GA: Ch. 46, 7.41 kW; KLAF(LP): Ch. 62, 8.93 kW
AFFILIATION: KLAF(LP): UPN
WYBD(LP) Dothan, Ala.
PRICE: Undisclosed
BUYER: LKK Group Corp. (Keith Bass, managing member)
SELLER: Tiger Eye Broadcasting Corp. (John N Kyle II, president/CEO)
FACILITIES: Ch. 46, 20 kW
WARZ(LP) Smithfield/Selma, N.C.
PRICE: Undisclosed
BUYER: R K Parker Communications LLC (Robert K. Parker, president/manager)
SELLER: Waters and Brock Communications (Gerald Waters, owner)
FACILITIES: Ch. 34, 12 kW
Combos
KMVP(AM), KTAR(AM) and KKLT(FM) Phoenix
PRICE: $70 million
BUYER: Bonneville International Corp. (Bruce T. Reese, president/CEO); owns 34 other stations, none in this market
SELLER: Emmis Communications (Jeffrey H. Smulyan, chairman/CEO)
FACILITIES: KMVP(AM): 860 kHz, 1 kW; KTAR(AM): 620 kHz, 5 kW; KKLT(FM): 98.7 MHz, 100kW, ant. 1,788 ft.
FORMAT: KMVP(AM): Sports; KTAR(AM): News/Talk/Sports; KKLT(FM): AC
KZNG(AM), KQUS(FM) and KYDL(FM) Hot Springs and KLXQ(FM) Mountain Pine, Ark.
PRICE: $4 million
BUYER: US Stations LLC (Charles Shinn, president); owns no other stations.
SELLER: Powell Broadcasting Co. Inc.(Nanette Kelley, president)
FACILITIES: KZNG(AM): 1340 kHz, 1 kW; KQUS(FM): 97.5 MHz, 100 kW, ant. 866 ft.; KYDL(FM): 96.7 MHz, 940 W, ant. 807 ft.; KLXQ(FM): 101.9 MHz, 3 kW, ant. 407 ft.
FORMAT: KZNG(AM): News/ Talk; KQUS(FM): Country; KYDL(FM): Hot AC; KLXQ(FM): Classic Rock
BROKER: Greg Guy of Patrick Communications
COMMENT: The stations are in a local marketing agreement.
WERL(AM) and WRJO(FM) Eagle River, Wis.
PRICE: $2.2 million
BUYER: Heartland Communications Group (Thomas L. Bookey, managing member); owns 11 other stations, none in this market
SELLER: Berner Broadcasting Inc. (Mary Jo Berner, president)
FACILITIES: WERL(AM): 950 kHz, 1 kW day/51 W night; WRJO(FM): 94.5 MHz, 50 kW, ant. 492 ft.
FORMAT: WERL(AM): Nostalgia; WRJO(FM): Oldies
BROKER: Jerry Johnson of Johnson Communication Properties
WERL(AM) and WRJO(FM) Eagle River, Wis.
PRICE: $2.2 million
BUYER: Heartland Communications Group LLC (Thomas L. Bookey, managing member); owns 11 other stations, none in this market
SELLER: Berner Broadcasting Inc. (Mary Jo Berner, president)
Facilities: WERL(AM): 950 kHz, 1 kW day/51 W night; WRJO(FM): 94.5 MHz, 50 kW, ant. 492 ft.
FORMAT: WERL(AM): Nostalgia; WRJO(FM): Oldies
BROKER: Jerry Johnson of Johnson Communication Properties
FMs
KAMD(FM) and KMGC(FM)
Camden, KCXY(FM) East Camden, Ark.
PRICE: $1.45 million
BUYER: Jay Bunyard (Jay W. Bunyard, president/CEO); owns 10 other stations, none in this market
SELLERs: KAMD(FM): US Stations LLC (Charles Shinn, president); KMGC(FM): Jade Communications (Craig Dale, president); KCXY(FM): Y95 Radio (Gary Terrell, president)
FACILITIES: KAMD(FM): 97.1 MHz, 50 kW, ant. 456 ft.; KMGC(FM): 104.5 MHz, 3 kW, ant. 328 ft.; KCXY(FM): 95.3 MHz, 100 kW, ant. 456 ft.
FORMAT: KAMD(FM): AC; KMGC(FM): Urban; KCXY(FM): Country
BROKER: Wally Tucker of MBT Enterprises Inc. and Greg Guy of Patrick Communications
COMMENT: The stations are currently in a local marketing agreement with Y95 Radio.
AMs
WMLB(AM) East Point (Atlanta), Ga.
PRICE: Undisclosed
BUYER: JW Broadcasting Inc. (Joseph Weber, president); owns no other stations
SELLER: Atlanta Area Broadcasting Inc. (William E. Corey, president)
FACILITIES: 1160 kHz, 50 kW day/160 W night
FORMAT: Adult Standard/Oldies
Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
| 2004 YTD* Number | 2004 YTD* value (000) | 2003 Total Number | 2003 Total value (000) | |
| Television | 63 | $393,288 | 70 | $500,601 |
| Radio | 681 | $1,556,561 | 880 | $2,324,227 |
| Source: BIA Financial Networks*As of 10/6/04 |
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