Deals
By BIA Financial Networks -- Broadcasting & Cable, 3/27/2006
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TVs
W53CC Milwaukee
PRICE: $1.35 million
BUYER: Bustos Media Enterprises LLC (Amador Bustos, president/CEO)
SELLER: MS Communications LLC (Mark Silberman, president)
FACILITIES: Ch. 38, 35 kW
BROKER: Cantor Fitzgerald
W48CX Hilton Head, S.C.
PRICE: $1.1 million
BUYER: Byrne Acquisition Group LLC (John Byrne, president)
SELLER: WHHI-TV Inc. (Anne Hoffman, president)
FACILITIES: Ch. 48, 0.015 kW
AFFILIATION: Ind.
COMMENT: In addition to purchase price, buyer will pay an amount equal to 7.5% of total revenues for months four through 15 after closing so long as revenues exceed $650,000.
K43IM Searcy, Ark.
PRICE: $125,000
BUYER: My Town TV (Kyle Reeves, president)
SELLER: Equity Broadcasting Corp. (Greg Fess, executive VP)
FACILITIES: Ch. 43, 150 kW
AFFILIATION: Ind.
Combos
WBBK(AM) Blakely, WSEM(AM) and WGMK(FM) Donalsonville, Ga.
PRICE: $525,000
BUYER: Flint Media Inc. (Kevin Dowdy, president); owns one other station, not in this market
SELLER: Styles Media Group LLC (Thomas A. DiBacco, managing member)
FACILITIES: WBBK(AM): 1260 kHz, 1 kW; WSEM(AM): 1500 kHz, 1 kW; WGMK(FM): 106.3 MHz, 6 kW, ant. 331 ft.
FORMAT: WBBK(AM): Country/Talk/Sports; WSEM(AM): Country/Talk; WGMK(FM): Hot AC
FMs
WKCX(FM) Rome, Ga.
PRICE: $4.2 million
BUYER: The Foundation for Public Broadcasting in Georgia (Nancy Hall, president); owns no other stations
SELLER: Briar Creek Broadcasting Corp. (A. Mills Fitzner, president)
FACILITIES: 97.7 MHz, 4 kW, ant. 791 ft.
FORMAT: Hot AC
BROKER: Eddie Esserman of Media Services Group
COMMENT: The Foundation for Public Broadcasting in Georgia is buying all of the shares of capital stock of Briar Creek Broadcasting Corp. from shareholders A. Mills Fitzner, Thom Holt and Mike Motes.
KJRG(AM) Newton (Wichita), Kan.
PRICE: $650,000
BUYER: Bott Radio Network (Richard Bott Sr., owner); owns 25 other stations, none in this market
SELLER: Anderson Stations (Daisyann Anderson, VP)
FACILITIES: 950 kHz, 500 W day/147 W night
FORMAT: Gospel
BROKER: Satterfield and Perry
WZFM(FM) Narrows, Va.
PRICE: $600,000
BUYER: Baker Family Stations (Edward Baker, president); owns 40 other stations, including WKNV(AM), WPIN(AM) and WKEX(AM) (FM)
SELLER: Old Dominion Communications Inc. (Ed Hale, VP, operations)
FACILITIES: 101.3 MHz, 210 W, ant. 1,201 ft.
FORMAT: Oldies
WVXA(FM) Rogers City, Mich.
PRICE: $411,000
BUYER: Midwestern Broadcasting Co. (Ross A. Biederman, president/treasurer); owns nine other stations, none in this market
SELLER: Cincinnati Classical Public Radio Inc. (Richard Eiswerth, president/CEO)
FACILITIES: 96.7 MHz, 42 kW, ant. 532 ft.
FORMAT: Nostalgia/NPR
BROKER: Public Radio Capital
COMMENT: WATZ Radio Inc. is applying to change the status of WVXA from non-commercial to commercial and will donate the FM translator included in the deal to Interlochen Center for the Arts.
AMs
WOCN(AM) Miami (Miami- Ft. Lauderdale-Hollywood)
PRICE: $6 million
BUYER: Independence Media Holdings LLC (David Jacobs, president/CEO); owns one other station, not in this market
SELLER: Minority Broadcasters Inc. (Richard Vega)
FACILITIES: 1450 kHz, 1 kW
FORMAT: News/Talk
BROKER: John Pierce of John Pierce and Co. LLC
KWXY(AM) Cathedral City (Palm Springs), Calif.
PRICE: $2.3 million
BUYER: R & R Radio Corp. (Mike Keane, general manager/director); owns four other stations, including KGAM(AM), KPSI(AM) and FM and KDES(FM) Palm Springs
SELLER: Glen Barnett Inc. (Glen Barnett, president)
FACILITIES: 1340 kHz, 1 kW
FORMAT: Beautiful Music
WKGN(AM) Knoxville, Tenn.
PRICE: $500,000
BUYER: Norsan Consulting & Management (Norberto Sanchez, president/CEO); owns eight other stations, none in this market
SELLER: Triple S Enterprises (Robert Stewart, president)
FACILITIES: 1340 kHz, 1 kW
FORMAT: Urban AC
BROKER: Stan Raymond of Stan Raymond and Associates Inc. and Todd Fowler of American Media Services LLC
BROKER: Ed Stanley
| Number | Value (000) | Number | Value (000) | |
| 2006 (YTD)* | 2005 (YTD) | |||
| Television | 10 | $175,950 | 86 | $2,842,439 |
| Radio | 229 | $3,061,073 | 889 | $2,831,604 |
| Source: BIA Financial Networks *As of 4/6/05 |
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Information provided by: BIA Financial Networks' Media Access Pro., Chantilly, Va., www.bia.com 718-818-2425.
