Deals
By BIA Financial Networks -- Broadcasting & Cable, 1/30/2006
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TVs
WBNG(TV) Binghamton, N.Y.
PRICE: $45 million
BUYER: Granite Broadcasting Corp. (Don Cornwell, CEO)
SELLER: Television Station Group Holdings LLC (Ian Guthrie, VP/CFO)
FACILITIES: Ch. 12, 166 kW, ant. 1,211 ft.
AFFILIATION: CBS
KTBU(TV) Conroe, Texas
PRICE: $30 million
BUYER: USFR Media Group (Gregory L. Brown, chairman/president/CEO)
SELLER: Channel 55 Broadcasting LLC (Donald E. Iloff Jr., manager)
FACILITIES: Ch. 55, 5,000 kW, ant. 1,818 ft.
AFFILIATION: Ind.
BROKER: Media Venture Partners
COMMENT: US Farm & Ranch Supply Co. Inc., dba USFR Media Group, is acquiring all the stock in Channel 55 Production Co. (sole member of Channel 55 Broadcasting), indirect parent of Humanity Interested Media LP, licensee of KTBU(TV).
WFXB(TV) Myrtle Beach, S.C.
PRICE: $19.5 million
BUYER: Bahakel Communications Limited (Cy Bahakel, president/treasurer)
SELLER: GE Media Inc. (Greg Everett, president)
FACILITIES: Ch. 43, 5,000 kW, ant. 1,519 ft.
AFFILIATION: Fox
BROKER: Larry Patrick of Patrick Communications
KTRG(TV) Del Rio, Texas
PRICE: $550,000
BUYER: SATV 10 LLC (Barbara Laurence, managing member)
SELLER: Ortiz Broadcasting Corp. (Ben Floyd, bankruptcy trustee)
FACILITIES: Ch. 10, 316 kW, ant. 328 ft.
AFFILIATION: INS
NEW (TV) Memphis, Tenn.
PRICE: $200,000
BUYER: Christian Worldview Broadcasting Corp. (Fred R. Flinn, president)
SELLER: Equity Broadcasting Corp. (Greg W. Fess, executive VP)
FACILITIES: Ch. 14, 4,470 kW, ant. 1,243 ft.
WODL(LP) Panama City, Fla.
PRICE: $10,000
BUYER: Christian Essentials Inc. (John O. Broomall Sr., president)
SELLER: MD Broadcasting (Mark M. Snow, partner)
FACILITIES: Ch. 5, 3 kW, ant. 413 ft.
Combos
WQMT(FM) Chatsworth, WBLJ(AM), WDAL(AM) and WYYU(FM) Dalton, Ga.
PRICE: $3.85 million
BUYER: Whitfield Communications Inc. (Paul G. Fink, president); owns six other stations, none in this market
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: WQMT(FM): 98.9 MHz, 6 kW, ant. 312 ft.; WBLJ(AM): 1230 kHz, 1 kW; WDAL(AM): 1430 kHz, 3 kW day/72 W night; WYYU(FM): 104.5 MHz, 6 kW, ant. 328 ft.
FORMAT: WQMT(FM): Country; WBLJ(AM): News/Talk; WDAL(AM): Spanish/Variety; WYYU(FM): AC
BROKER: American Media Services LLC
KXYL(AM) and KXYL(FM) Brownwood, KSTA(AM) and KXCT(FM) Coleman, Texas
PRICE: $1.9 million
BUYER: Tackett-Boazman Broadcasting LP (Donald Rex Tackett, partner); owns no other stations
SELLER: Watts Communications Inc. (Gwen Watts, president)
FACILITIES: KXYL(AM): 1240 kHz, 1 kW; KXYL(FM): 96.9 MHz, 39 kW, ant. 801 ft.; KSTA(AM): 1000 kHz, 250 W; KXCT(FM): 102.3 MHz, 12 kW, ant. 689 ft.
FORMAT: KXYL(AM): Tejas/ Ranchera/Variety; KXYL(FM): Talk/News; KSTA(AM): Country; KXCT(FM): Classic Rock
BROKER: Todd Fowler of American Media Services LLC
KRTI(FM) Grinnell, KCOB(AM) and KCOB(FM) Newton, Iowa
PRICE: $965,460
BUYER: Central Iowa Broadcasting Inc. (Frank Liebl, president); owns no other stations
SELLER: Central Iowa Broadcasting Inc. (John Carl, majority owner)
FACILITIES: KRTI(FM): 106.7 MHz, 50 kW, ant, 492 ft,; KCOB(AM): 1280 kHz, 730 W day/19 W night; KCOB(FM): 95.9 MHz, 5 kW, ant. 354 ft.
FORMAT: KRTI(FM): AC; KCOB(AM): Country; KCOB(FM): Country
COMMENT: Carl is selling his 65.46% interest in Central Iowa to Frank and Jon Liebl. Frank Liebl will have a 94.36% stake, Jon Liebl the remaining 5.74%. Price includes a $645,460.32 non-compete payment.
WFXY(AM) Middlesboro and WANO(AM) Pineville, Ky.; WXJB(FM) Harrogate, Tenn.
PRICE: $900,000
BUYER: Cumberland Omni­Media (Joshua Wilkey); owns no other stations
SELLER: Estate of Warren A. Pursiful, (Beulah Pursiful, president/secretary/treasurer)
FACILITIES: WFXY(AM): 1490 kHz, 1 kW; WANO(AM): 1230 kHz, 1 kW; WXJB(FM): 96.5 MHz, 6 kW, ant. 328 ft.
FORMAT: WFXY(AM): AC; WANO(AM): Oldies; WXJB(FM): Country
BROKER: Josh Wilkey of WilkeySouth Media Brokers
COMMENT: WXJB(FM) is being divested to Ron Merideth's M&M Broadcasting.
KRKK(AM), KQSW(FM) and KSIT(FM) Rock Springs, Wyo.
PRICE: $800,000
BUYER: Communications Corp. of the Americas (John Shassetz, co-owner); owns no other stations
SELLER: Communications Corp. of the Americas (Bill Luzmoor, president)
FACILITIES: KRKK(AM): 1360 kHz, 5 kW day/1 kW night; KQSW(FM): 96.5 MHz, 100 kW, ant. 1,621 ft.; KSIT(FM): 99.7 MHz, 100 kW, ant. 1,619 ft.
FORMAT: KRKK(AM): Oldies; KQSW(FM): Country; KSIT(FM): Rock
COMMENT: Shassetz is selling his 50% interest in Communications Corp. to Luzmoor, who becomes 100% owner.
FMs
WBEB(FM) Philadelphia
PRICE: $85.16 million
BUYER: WEAZ(FM) Radio Inc. (Jerry Lee, president); owns no other stations
SELLER: Estate of David Kurtz (Esther A. Kurtz, co-executor)
FACILITIES: 101.1 MHz, 14 kW, ant. 942 ft.
FORMAT: Soft Rock
COMMENT: Lee is purchasing Kurtz estate's 50.01% of the stock in WEAZ(FM) Radio Inc., becoming sole owner.
WDQX(FM) Morton and WXCL(FM) Pekin (Peoria), Ill.
PRICE: $5.2 million
BUYER: Triad Broadcasting Co. (David J. Benjamin, president/CEO); owns 42 other stations, including WIRL(AM), WMBD(AM), WPBG(FM) and WSWT(FM) Peoria
SELLER: AAA Entertainment (John Maguire, president/CEO)
FACILITIES: WDQX(FM): 102.3 MHz, 6 kW, ant. 299 ft.; WXCL(FM): 104.9 MHz, 3 kW, ant. 328 ft.
FORMAT: WDQX(FM): Classic Rock; WXCL(FM): Country
BROKER: Media Venture Partners
COMMENT: The stations will be operated under an LMA pending approval of the acquisition.
NEW (FM)(CP) Hazelton and NEW (FM) Twin Falls, Idaho
PRICE: $2.91 million
BUYER: FM Idaho Co. (Wendell M. Starke, manager); owns two other stations, not in this market
SELLER: College Creek Broadcasting Inc. (Neal J. Robinson, president)
FACILITIES: NEW(FM) Hazelton: 94.3 MHz, 5 kW, ant. 742 ft.; NEW(FM) Twin Falls: 102.1 MHz, 5 kW, ant. 722 ft.
FORMAT: Both: CP–NOA
WTUN(FM) Ringgold (Chattanooga), Ga.
PRICE: $2.15 million
BUYER: Whitfield Communications (Paul G, Fink, president); owns nine other stations, including WNOO(AM) Chattanooga
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: 101.9 MHz, 1 kW, ant. 702 ft.
FORMAT: Country
BROKER: American Media Services LLC
KNEN(FM) Norfolk, Neb.
PRICE: $1.8 million
BUYER: NRG Media LLC (Norman W. Waitt Jr., chairman); owns 59 other stations, none in this market
SELLER: Central Radio Inc. (Gene Koehn, president)
FACILITIES: 94.7 MHz, 100 kW, ant. 532 ft.
FORMAT: AC
COMMENT: NRG Media is exercising its option to acquire KNEN(FM) and will immediately assign its rights to subsidiary NRG License Sub LLC.
WXJB(FM) Harrogate, Tenn.
PRICE: $1 million
BUYER: Ronald C. Meredith; owns one other station, not in this market
SELLER: Cumberland Omni­Media LLC (Joshua R. Wilkey, managing member)
FACILITIES: 96.5 MHz, 6 kW, ant. 328 ft.
FORMAT: Country
BROKER: Josh Wilkey of WilkeySouth Media Brokers
COMMENT: WXJB(FM) is being divested to Merideth's M&M Broadcasting after being acquired from the estate of Warren A. Pursiful.
KSSB(FM) Calipatria, Calif.
PRICE: $925,000
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 18 other stations, none in this market
SELLER: Philip J. Plank (Philip Plank, owner)
FACILITIES: 100.9 MHz, 3 kW, ant. 66 ft.
FORMAT: Classic Rock
BROKER: MCH Enterprises Inc.
AMs
WLLV(AM) and WLOU(AM) Louisville, Ky.
PRICE: $2.65 million
BUYER: Davidson Media Group LLC (Peter Davidson, president); owns 35 other stations, none in this market
SELLER: Mortenson Broadcasting Co. Inc. (Jack Mortenson, president)
FACILITIES: WLLV(AM): 1240 kHz, 1 kW; WLOU(AM): 1350 kHz, 2 kW day/500 W night
FORMAT: WLLV(AM): Gospel; WLOU(AM): Gospel
BROKER: John Pierce & Co. LLC
KSSB(FM) Calipatria, Calif.
PRICE: $925,000
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 18 other stations, none in this market
SELLER: Philip J. Plank (Philip Plank, owner)
FACILITIES: 100.9 MHz, 3 kW, ant. 66 ft.
FORMAT: Classic Rock
BROKER: MCH Enterprises Inc
KHTO(FM) Milton- Freewater (Richland- Kennewick-Pasco), Ore.
PRICE: $900,000
BUYER: Bustos Media Enterprises LLC (Amador S. Bustos, owner/president); owns 27 other stations, including KZTB(FM) Richland-Kennewick-Pasco
SELLER: Alexandra Communications Inc. (Tom Hodgins, president/treasurer)
FACILITIES: 97.9 MHz, 100 kW, ant. 899 ft.
FORMAT: CHR
BROKER: MCH Enterprises Inc
COMMENT: Bustos Media of Eastern Washington is swapping KMMG(FM) Weston, Ore., for Alexandra Communications' KHTO(FM) Milton-Freewater, Ore. Additionally, Bustos Media will pay Alexandra $900,000 cash at closing.
KMMG(FM) Weston (Richland-Kennewick-Pasco)
PRICE: Swap
BUYER: Alexandra Communications Inc. (Tom Hodgins, president); owns five other stations, none in this market
SELLER: Bustos Media Enterprises LLC (Amador S. Bustos, owner/president)
FACILITIES: 101.9 MHz, 14 kW, ant. 958 ft.
FORMAT: Spanish/Oldies/Full Service
BROKER: MCH Enterprises Inc.
COMMENT: See item above.
WNDJ(FM) White Stone, Va.
PRICE: $700,000
BUYER: Two Rivers Communications Inc. (William C. Sherard, president); owns one other station, not in this market
SELLER: Windmill Communications Inc. (Millard Younts, president)
FACILITIES: 104.9 MHz, 6 kW, ant. 233 ft.
FORMAT: Adult Standard
BROKER: Mitt Younts of EnVest Media LLC
INFORMATION PROVIDED BY: BIA Financial Networks' Media Access Pro., Chantilly, Va., www.bia.com
