FMs
-- Broadcasting & Cable, 2/5/2001
WJET(FM) Erie, Pa.
Price: $5 million
Buyer: NextMedia Group LLC, Englewood, Colo. (Carl E. Hirsch, chairman/5.8% owner; Steven Dinetz, president/5.8% owner; Samuel "Skip" Weller, president/co-COO, radio divison; Jeffrey Dinetz, executive vice president/co-COO, radio division); owns/is buying/manages 41 other FMs and 15 AMs
Seller: Regent Communications Inc., Covington, Ky. (Terry S. Jacobs, chairman); owns/is buying 33 FMs and 14 AMs
Facilities:102.3 MHz, 5.3 kW, ant. 670 ft.
Format: CHR
WLGM(FM) Springfield, Ill.
Price: $3 million
Buyer: Long-Nine Inc., Springfield (Thomas M. Kushak, president); owns WMAY(FM) and WNNS(FM) Springfield and WQLZ(FM) Taylorville/Springfield, Ill. Kushak has interest in four AMs and eight FMs
Seller: LUJ Inc., Edgewater, Fla. (Richard L. Van Zandt, principal); owns WLUJ(FM ) Petersburg, Ill.
Facilities: 89.7 MHz, 10 kW, ant. 328 ft.
Format: Inspirationnal music
Broker: H.B. LaRue
WVRT(FM) Jersey Shore/Williamsport, Pa.
Price: $1.5 million
Buyer: Clear Channel Communications Inc., San Antonio (L. Lowry Mays, chairman; Randy Michaels, chairman, Clear Channel Radio); owns/is buying 18 TVs and about other 1,120 radios, including WRAK(AM)-WKSB(FM), WRKK(AM) Hughesville/Williamsport and WMYL(FM) Salladasburg/Williamsport, Pa.
Seller: DHRB Inc., South Williamsport (Sabatino Cupelli, president); no other broadcast interests
Facilities: 97.7 MHz, 6 kW, ant. 295 ft.
Format: Hot AC
KTKO(FM) Beeville, Texas
Price: $325,000
Buyer: Texas Gulfwest Broadcasting Inc., Victoria, Texas (Bill Hooten, president). Hooten also owns KZAM(FM ) Ganado, Texas
Seller: Ysidro Villarreal and Alma V. Moreno, Mathias, Texas; no other broadcast interests
Facilities: 105.7 MHz, 25 kW, ant. 328 ft.
Format: Spanish
WXGJ(FM) Apalachicola, Fla.
Price: $275,000
Buyer: Staton Broadcasting Inc., Macon, Ga. (Cecil Staton, president); no other broadcast interests
Seller: John H. Wiggins, Midland, Texas; owns KKJW(FM ) Stanton, Ohio
Facilities: 105.5 MHz, 50 kW, ant. 315 ft.
Format: Country
