Deals
By BIA Financial Networks -- Broadcasting & Cable, 10/2/2006
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TVs
WLVI(TV) Cambridge, Mass.
PRICE: $113.7 million
BUYER: Sunbeam Television Corp. (Edmund Ansin, president)
SELLER: Tribune Co. (Dennis FitzSimons, president/CEO)
FACILITIES: Ch. 56, 2,240 kW, ant. 1,181 ft.
AFFILIATION: CW
WGFL(TV) High Springs, WYPN(CA) Gainesville, WMYG(LP) Lake City, W32DI Mayo and W08EA Reddick, Fla.; WTLH(TV) Bainbridge, WBFL(CA) and WBVJ(LP) Valdosta, Ga.; WPXT(TV) Portland, Maine; W24DB Clarks Summit, WOLF(TV) Hazleton and WQMY(TV) Williamsport, Pa.; WDSI(TV) Chattanooga, WPDP(LP) Cleveland, Tenn.
PRICE: $48.456 million
BUYER: CP Media LLC (John Parente, member)
SELLER: Pegasus Communications Corp. (Marshall Pagon, chairman/CEO)
FACILITIES: WGFL(TV): Ch. 53, 5,000 kW, ant. 912 ft.; WYPN(CA): Ch. 45, 30 kW, ant. 13 ft.; WMYG(LP): Ch. 11, 3 kW; W32DI: Ch. 32, 150 kW; W08EA: Ch. 8. 3 kW; WTLH(TV): Ch. 49, 5,000 kW, ant. 1,959 ft.; WBFL(CA): Ch. 13, 0.009 kW, ant. 107 ft.; WBVJ(LP): Ch. 35, 0.439 kW, ant. 114 ft.; WPXT(TV): Ch. 51, 3,020 kW, ant. 919 ft.; W24DB: Ch. 24, 17.5 kW, ant. 1,199 ft.; WOLF(TV): Ch. 56, 1,580 kW, ant. 1,650 ft.; WQMY(TV): Ch. 53, 1,320 kW, ant. 801 ft.; WDSI(TV): Ch. 61, 4,900 kW, ant. 1,214 ft.; WPDP(LP): Ch. 25, 2.1 kW, ant. -296 ft.
AFFILIATION: WGFL(TV): CBS; WYPN(CA): UPN; WMYG(LP): Ind.; WTLH(TV): Fox; WBFL(CA): Fox; WBVJ(LP): Fox; WPXT(TV): CW; W24DB: CW; WOLF(TV): Fox; WQMY(TV): MyNetworkTV; WDSI(TV): Fox; WPDP(LP): Fox
BROKER: Mid-Market Securities
WTLF(TV) Tallahassee, Fla.; WSWB(TV) Scranton, Pa.
PRICE: $3.044 million
BUYER: MPS Media (Eugene Brown, sole member)
SELLER: Mystic Broadcast Group Inc. (Daniel Duman, president)
FACILITIES: WTLF(TV): Ch. 24, 1,000 kW, ant. 128 ft.; WSWB(TV): Ch. 38, 1,290 kW, ant. 1,263 ft.
AFFILIATION: WTLF(TV): UPN; WSWB(TV): CW
BROKER: Mid-Market Securities
COMMENT: MPS Media intends to enter into a joint sales agreement (JSA) with a subsidiary of CP Media.
KMTF(TV) Helena, Mont.
PRICE: $60,000
BUYER: Meridian Communications (Suzanne Rogers, president/secretary/treasurer)
SELLER: Uhlmann/Latshaw Broadcasting LLC (Paul Uhlmann, III, president)
FACILITIES: Ch. 10, 217 kW, ant. 2,333 ft.
AFFILIATION: CW
COMMENT: Meridian is exercising its option to purchase Uhlmann/Latshaw Broadcasting's 51% interest in Rocky Mountain Broadcasting Co., licensee of KMTF(TV), becoming 100% owner of RMBC.
WBLU(LP) Lexington, Ky.
PRICE: $500,000
BUYER: Equity Broadcasting Corp. (Greg Fess, senior VP/COO)
SELLER: Sandra B. Powley
FACILITIES: Ch. 10, 3 kW, ant. 411 ft.
AFFILIATION: MyNetworkTV
WJEA(LP) Charleston, S.C.
PRICE: $400,000
BUYER: Richland LPTV-Charleston LLC (Dale West, VP)
SELLER: Charles S. Namey
FACILITIES: Ch. 12, 2 kW
AFFILIATION: TLF
W26BV Panama City, Fla.
PRICE: $140,000
BUYER: Breeze Broadcast Corp. LLC (Baroness Maxine Agasim-Pereira, president)
SELLER: Global Outreach Ministry Network Inc. (Michael Lee, president)
FACILITIES: Ch. 26, 1 kW
AFFILIATION: Ind.
K20IQ Flagstaff, Ariz.
PRICE: $120,000
BUYER: Una Vez Mas LLC (Randy Nonberg, COO)
SELLER: Telecom Wireless LLC (Andrew Cambron, managing member)
FACILITIES: Ch. 20, 10 kW, ant. -141 ft.
W69DH Pensacola, Fla.
PRICE: $37,500
BUYER: Randall & Adrienne Weiss
SELLER: Global Outreach Ministry Network Inc. (Michael Lee, president)
FACILITIES: Ch. 46, 115 kW
AFFILIATION: Ind.
KMSX(LP) Redding, Calif.
PRICE: $20,000
BUYER: Randall & Adrienne Weiss
SELLER: M C Allen Productions Inc. (Mark Allen, owner)
FACILITIES: Ch. 29, 0.007 kW
WBMS(CA) and W46CW Jackson, WUFX(TV) Vicksburg, Miss.
PRICE: Undisclosed
BUYER: JW Mississippi LLC (David Joseph, member/manager)
SELLER: White Knight Broadcasting (Sheldon Galloway, president/CEO)
FACILITIES: WBMS(CA): Ch. 10, 3 kW, ant. 89 ft.; W46CW: Ch. 46, 12.6 kW; WUFX (TV): Ch. 35, 5,000 kW, ant. 830 ft.
AFFILIATION: WBMS(CA): Ind.; WUFX(TV): MyNetworkTV
COMMENT: Mississippi Television LLC, licensee of WBMS(CA), W46CW and WUFX(TV), is redeeming all of the membership interests held by Sheldon Galloway in the company. JW Mississippi LLC will then acquire the membership interests in Mississippi Television LLC.
Combos
WUUS(AM) Rossville (Chattanooga), Ga.; WNGA(FM) South Pittsburg (Chattanooga), Tenn.; WVGM(AM) Lynchburg and WGMN(AM) Roanoke (Roanoke-Lynchburg), Va.
PRICE: $2.6 million
BUYER: 3 Daughters Media Inc. (Gary Burns, president); owns three other stations, including WBLT(AM) Roanoke-Lynchburg
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: WUUS(AM): 980 kHz, 500 W day/113 W night; WNGA(FM): 97.3 MHz, 16 kW, ant. 856 ft.; WVGM(AM): 1320 kHz, 1 kW day/24 W night; WGMN(AM): 1240 kHz, 1 kW
FORMAT: WUUS(AM): Oldies; WNGA(FM): Jack; WVGM(AM): Sports/Talk; WGMN(AM): Sports/Talk
BROKER: Jorgenson Broadcast Brokerage
WCRI(FM) Block Island and WCNX(AM) Hope Valley (Providence-Warwick- Pawtucket), R.I.
PRICE: $1.6 million
BUYER: Judson Group Inc. (Christopher Jones, president/secretary/treasurer); owns no other stations
SELLER: Charles River Broadcasting (Christopher Jones, president)
FACILITIES: WCRI(FM): 95.9 MHz, 6 kW, ant. 249 ft.; WCNX(AM): 1180 kHz, 2 kW
FORMAT: WCRI(FM): Classical; WCNX(AM): News
BROKER: Tom McKinley of Media Services Group
WDMG(FM) Ambrose, WDMG(AM) Douglas, WBHB(AM) and WRDO(FM)Fitzgerald and WKZZ(FM) Tifton, Ga.
PRICE: $1.5 million
BUYER: Broadcast South LLC (John Higgs, manager); owns no other stations
SELLER: Black Crow Media Group (Michael Linn, president)
FACILITIES: WDMG(FM): 97.9 MHz, 4 kW, ant. 316 ft.; WDMG(AM): 860 kHz, 5 kW; WBHB(AM): 1240 kHz, 1 kW; WRDO(FM): 96.9 MHz, 6 kW, ant. 328 ft.; WKZZ(FM): 92.5 MHz, 21 kW, ant. 361 ft.
FORMAT: WDMG(FM): Classic Hits; WDMG(AM): Talk; WBHB(AM): Black Gospel; WRDO(FM): Soft Hits; WKZZ(FM): Classic Hits
FMs
WCNR(FM) Keswick (Harrisonburg), Va.
PRICE: $2.9 million
BUYER: Saga Communications Inc. (Edward Christian, president/CEO); owns 87 other stations, none in this market
SELLER: Force 5 Communications LLC (Jeffrey Shapiro, managing member)
FACILITIES: 106.1 MHz, 602 W, ant. 1,024 ft.
FORMAT: AAA
BROKER: Richard A. Foreman of Richard A. Foreman Associates Inc.
COMMENT: Buyer will lend $2.9 million to seller. At closing, buyer will cancel all seller's outstanding indebtedness pursuant to the loan agreement. Buyer will immediately operate the station via LMA.
WGSM(FM) Greensburg (Pittsburgh), Pa.
PRICE: $2.2 million
BUYER: Renda Broadcasting Corp. (Anthony Renda, president); owns 24 other stations, including WJAS(AM), WPTT(AM) and WSHH(FM) Pittsburgh
SELLER: Sheridan Broadcasting (Ronald Davenport Jr., CEO)
FACILITIES: 107.1 MHz, 3 kW, ant. 482 ft.
FORMAT: AC
BROKER: Media Services Group
WIFX(FM) Jenkins, Ky.
PRICE: $1.5 million
BUYER: AJSPD LLC (Adam Gearheart, member); owns no other stations
SELLER: Letcher County Broadcasting Inc. (Ernestine Kincer, president/treasurer)
FACILITIES: 94.3 MHz, 6 kW, ant. 1,345 ft.
FORMAT: Hot AC/CHR
KDCD(FM) and KMDX(FM) San Angelo, Texas
PRICE: $1.5 million
BUYER: Four R Broadcasting Inc. (Frank De Francesco, president); owns no other stations
SELLER: Regency Broadcasting Inc. (Jack Auldridge, president)
FACILITIES: KDCD(FM): 92.9 MHz, 100 kW, ant. 600 ft.; KMDX(FM): 106.1 MHz, 50 kW, ant. 456 ft.
FORMAT: KDCD(FM): Country; KMDX(FM): Adult Rock
BROKER: Bill Whitley of Media Services Group
AMs
KJON(AM) Carrollton, KXEB(AM) Frisco (Dallas-Ft. Worth), and KFNI(AM) Pleasanton (San Antonio), Texas
PRICE: $7.5 million
BUYERS: KJON(AM) and KXEB(AM): Chatham Hill Foundation Inc. (Joe Thompson Jr., president); owns no other stations; KFNI(AM): La Promesa Foundation (Leonard Oswald, president); owns three other stations, none in this market
SELLER: Border Media Partners (Thomas Castro, president/CEO)
FACILITIES: KJON(AM): 850 kHz, 5 kW; KXEB(AM): 910 kHz, 1 kW day/500 W night; KFNI(AM): 1380 kHz, 4 kW day/165 W night
FORMAT: KJON(AM): Tejano; KXEB(AM): Talk; KFNI(AM): Spanish/Christian
BROKER: American Media Services LLC
WFNO(AM) Norco (New Orleans), La.
PRICE: $2 million
BUYER: Davidson Media Group LLC (Peter Davidson, president); owns 43 other stations, none in this market
SELLER: MC Media LLC (William Metcalf, CEO)
FACILITIES: 830 kHz, 5 kW day/750 W night
FORMAT: Spanish/Variety
BROKER: The Thorburn Co.
Information provided by: BIA Financial Networks' Media Access Pro. Chantilly, Va., www.bia.com 718-818-2425
| Number | Value (000) | Number | Value (000) | |
| 2006 YTD* | 2005 YTD | |||
| Television | 119 | $16,102,079 | 84 | $2,662,439 |
| Radio | 788 | $5,692,676 | 884 | $2,826,868 |
| Source: BIA Financial Networks *As of 9/26/06 |
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