Changing Hands
By BIA Financial Networks -- Broadcasting & Cable, 10/18/2004
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TVs
WTVO Rockford, Ill.
PRICE: $20,750,000
BUYER: Mission Broadcasting Inc. (David Smith, president)
SELLER: Young Broadcasting Inc. (Vincent J. Young, chairman/CEO)
FACILITIES: Ch. 17, 646 kW, ant. 666 ft.
AFFILIATION: UPN
KTWO(TV) Casper, Wyo.
PRICE: $1,700,000
BUYER: K-TWO TV of WY Inc. (Cheryl Kaupp, president)
SELLER: Equity Broadcasting Corp. (Steven Soldinger, VP, television)
FACILITIES: Ch. 2, 100 kW, ant, 2001 ft.
AFFILIATION: ABC
KMOL(LP) Victoria, Texas
PRICE: $200,000
BUYER: Saga Communications Inc. (Ed Christian, president/ CEO)
SELLER: Cyril H. Miller (Cyril H. Miller, sole proprietor)
FACILITIES: Ch. 17, 50 kW
K09VO Beaumont, Texas
PRICE: Undisclosed
BUYER: Fountain Television Corp. (Jerry Powell, president/ CEO)
SELLER: Beaumont Broadcasting Corp. (Steven Mortonson, CFO)
FACILITIES: Ch. 9, 0.059 kW
Combos
KHCK(AM) Dallas (Dallas-Ft. Worth), KOBT(FM) Winnie (Houston-Galveston), Texas; KSFB(FM) San Rafael (San Francisco); WZFS(FM) Des Plaines (Chicago), Ill.
PRICE: Swap
BUYER: Univision Communications Inc. (A. Jerrold Perenchio, chairman/CEO); owns 68 other stations, including KSOL(FM) San Francisco and WRTO(AM), WOJO(FM), WVIV(FM) and WVIX(FM) Chicago.
SELLER: Salem Communications Corp. (Edward G. Atsinger, president/CEO)
FACILITIES: KHCK(AM): 1480 kHz, 5 kW day/2 kW night; KOBT(FM): 100.7 MHz, 100 kW, ant. 1,952 ft.; KSFB(FM): 100.7 MHz, 130 W, ant. 2,047 ft.; WZFS(FM): 106.7 MHz, 50 kW, ant. 423 ft.
FORMAT: KHCK(AM): Spanish/ Tejano/Sports; KOBT(FM): Spanish/Tropical/Variety; KSFB(FM) Christian Contemporary; WZFS(FM): Christian Contemporary
COMMENT: Salem is exchanging WZFS(FM) Des Plaines, Ill., and KSFB(FM) San Raphael, Calif., for Univision Communications' WIND(AM) Chicago; KOBT(FM) Winnie, Texas; KHCK(AM) Dallas; and KOSL(FM) Jackson, Calif.
KOSL(FM) Jackson (Sacramento), Calif.; WIND(AM) Chicago
PRICE: Undisclosed
BUYER: Salem Communications Corp. (Edward G. Atsinger, president/CEO); owns 96 other stations, including KFIA(AM), KTKZ(AM), KCEE(FM) and KKFS(FM) Sacramento and WYLL(AM) Chicago
SELLER: Univision Communications Inc. (A. Jerrold Perenchio, chairman/CEO)
FACILITIES: KOSL(FM): 94.3 MHz, 4 kW, ant. 791 ft.; WIND(AM): 560 kHz, 5 kW.
FORMAT: KOSL(FM): Spanish/ Mexican; WIND(AM): Spanish AC.
FMs
NEW (FM)(CP) Dripping Springs (Austin), Texas
PRICE: $50,000
BUYER: Legacy Austin Broadcasting Foundation Inc. (Robert L. Hand, president); owns one other station, not in this market
SELLER: Media for the Holy Family Foundation (J.A. Martinez, chairman)
FACILITIES: 91.9 MHz, 6kW, ant 276 ft.
FORMAT: CP—NOA
WLUP(FM) Chicago
PRICE: Swap
BUYER: Emmis Communications (Jeffrey H. Smulyan, chairman/CEO); owns 24 other stations, including WKQX(FM) Chicago
SELLER: Bonneville International Corp. (Bruce T. Reese, president/CEO)
FACILITIES: 97.9 MHz, 4 kW, ant. 1,394 ft.
FORMAT: Classic Rock
COMMENT: Bonneville is trading its WLUP(FM) Chicago plus $70 million cash for Emmis' KKLT(FM), KMVP(AM) and KTAR(AM) Phoenix.
KBAA(FM) San Francisco
PRICE: Undisclosed
BUYER: Spanish Broadcasting System (Raul Alarcon Jr., president); owns 19 other stations, none in this market.
SELLER: Infinity Broadcasting (Joel Hollander, president/COO)
FACILITIES: 93.3 MHz, 50 kW, ant. 492 ft.
FORMAT: AC
COMMENT: Infinity Broadcasting will merge KBAA(FM) into Spanish Broadcasting System for 10% equity interest and will also receive warrants to increase equity stake by another 5%.
WJLF(FM) Gainesville (Gainesville-Ocala), Fla.
PRICE: Undisclosed
BUYER: Radio Training Network Inc. (James L Campbell,
president); owns 13 other stations, including WHIJ(FM) Gainesville-Ocala
SELLER: First Assembly of God (Arnold Lastinger, president/ chairman)
FACILITIES: 91.7 MHz, 2 kW, ant. 400 ft.
FORMAT: Christian Contemporary
WFFN(FM) Cordova (Birmingham), Ala.
PRICE: Undisclosed
BUYER: Apex Broadcasting Inc. (Houston L. Pearce, chairman); owns five other stations, none in this market
SELLER: New Century Radio (Vachel L. Posey Jr., president)
FACILITIES: 95.3 MHz, 5 kW, ant. 354 ft.
FORMAT: Oldies
COMMENT: New Century Radio, whose majority shareholder is Pearce, is assigning station WFFN(FM) to Apex Broadcasting, a company that Pearce wholly owns. The consideration paid consists of those expenses arising out of construction of the facilities related to the change in the community of license from Cordova to Coaling, Ala.
WZRU(FM) Roanoke Rapids, N.C.
PRICE: Swap
BUYER: Radio Training Network Inc. (James L Campbell, president); owns 12 other stations, none in this market
SELLER: Roanoke Valley Communications Inc. (Brian Lewis, vice president)
FACILITIES: 88.5 MHz, 100kW, ant. 479 ft.
FORMAT: NPR
COMMENT: Roanoke Valley Communications and Radio Training Network are filing two 314 Assignment applications concurrently to swap Roanoke Valley's WZRU(FM) for Radio Training Network's WRTP(FM) (see below).
WRTP(FM) Roanoke Rapids, N.C.
PRICE: Swap
BUYER: Roanoke Valley Communications Inc. (Brian Lewis, vice president); owns one other station, not in this market
SELLER: Radio Training Network Inc. (James L Campbell, president)
FACILITIES: 90.1 MHz, 11 kW, ant. 486 ft.
FORMAT: Christian Contemporary
COMMENT: See item above.
| 2004 YTD* | 2003 Total | |||
| Number | Value (000) | Number | Value (000) | |
| Television | 65 | $415,738 | 70 | $500,601 |
| Radio | 683 | $1,556,611 | 880 | $2,324,227 |
| Source: BIA Financial Networks *As of 10/13/04 |
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Information provided by: BIA Financial Networks' Media Access Pro, Chantilly, Va., www.bia.com
