Deals
By BIA Financial Networks -- Broadcasting & Cable, 1/29/2007
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TVs
K58HS Hardin, Mont.
PRICE: No cash consideration
BUYER: Dawn Stewart
SELLER: Sargent Communications Inc. (Melodie Sargent, president)
FACILITIES: Ch. 58, 0.6 kW, ant. 217 ft.
COMMENT: Sargent, owner of Sargent Communications, is transferring the LPTV to her daughter, Dawn Stewart, as a gift.
KACX(LP) Red Bluff, Calif.
PRICE: No cash consideration
BUYER: Educational Broadcasting Network (Russ Thane, co-chairman)
SELLER: M C Allen Productions Inc. (Mark Allen, owner)
FACILITIES: Ch. 3, 1.9 kW
WTHC(LP) Atlanta
PRICE: No cash consideration
BUYER: Beach TV Properties (Byron Colley Jr., president)
SELLER: The Atlanta Channel (Jud Colley, president)
FACILITIES: Ch. 42, 7 kW
KMBB (LP) North Platte, Neb.
PRICE: No consideration
BUYER: Kansas-Nebraska Association of Seventh-Day Adventists (Ron Carlson, president)
SELLER: Randy Birth Sr.
FACILITIES: Ch. 30, 8 kW, ant. 226 ft.
COMMENT: Charitable contribution
Combos
WYGY(FM) Fort Thomas (Cincinnati), Ky.; WKRQ(FM) and WUBE(FM) Cincinnati and WSWD(FM) Fairfield (Cincinnati), Ohio; KIRO(AM) and KTTH(AM) Seattle and KBSG(FM) Tacoma (Seattle-Tacoma), Wash.
PRICE: Swap
BUYER: Bonneville International Corp. (Bruce Reese, president/CEO); owns 25 other stations, none in this market
SELLER: Entercom (David Field, president/CEO)
FACILITIES: WYGY(FM): 97.3 MHz, 3 kW, ant. 509 ft.; WKRQ(FM): 101.9 MHz, 16 kW, ant. 866 ft.; WUBE(FM): 105.1 MHz, 15 kW, ant. 915 ft; WSWD(FM): 94.9 MHz, 11kW, ant. 1056 ft.; KIRO(AM): 710 kHz, 50 kW; KTTH(AM): 770 kHz, 50 kW day/5 kW night; KSBG(FM): 97.3 MHz, 55 kW, ant. 2392 ft.
FORMAT: WYGY(FM): Country; WKRQ(FM): Hot AC; WUBE(FM): Country; WSWD(FM) Alternative; KIRO(AM): News/Talk/Sports; KTTH(AM): Talk; KBSG(FM): Oldies
COMMENT: Entercom is exchanging seven stations for Bonneville International Corp.'s KOIT(FM), KDFC(FM), and KMAX (FM). The parties expect to begin operations under a time-brokerage agreement on clearance of certain regulatory requirements, which is expected during the first quarter. FCC approval is expected later this year.
KAYN(FM) Gooding (Boise) and KMHI(AM) and KTPZ(FM) Mountain Home (Boise), Idaho
PRICE: Undisclosed
BUYER: FM Idaho Co. LLC (Wendell Starke, manager); owns two other stations, none in this market
SELLER: Locally Owned Radio LLC (Larry Johnson, president)
FACILITIES: KAYN(FM): 100.7 MHz, 80 kW, ant. 2,192 ft.; KMHI(AM): 1240 kHz, 1 kW; KTPZ(FM): 99.1 MHz, 80 kW, ant. 2,192 ft.
FORMAT: KAYN(FM): Country; KMHI(AM): Classic Hits/Country; KTPZ(FM): CHR
COMMENT: Seller and buyer are related entities with the same attributable owners.
WKLF(AM) Clanton, WKGA(FM) Dadeville, WZLM(FM) Goodwater, WHPH(FM) Jemison, WTID(FM) Repton and WEZZ(FM) Thomaston, Ala.
PRICE: Undisclosed
BUYER: Great South Wireless LLC (Joan Reynolds, member); owns no other stations
SELLER: Great South RFDC LLC (Paul Scott Alexander, managing member)
FACILITIES: WKLF(AM): 980 kHz, 1 kW; WKGA(FM): 100.3 MHz, 2 kW, ant. 558 ft.; WZLM(FM): 97.5 MHz, 5 kW, ant. 354 ft.; WHPH(FM): 97.7 MHz, 3 kW, ant. 459 ft.; WTID(FM): 101.1 MHz, 3 kW, ant. 459 ft.; WEZZ(FM): 97.7 MHz, 4 kW, ant. 423 ft.
FORMAT: WKLF(AM): Southern Gospel; WKGA(FM): Country; WZLM(FM): AC; WHPH(FM): Oldies; WTID(FM): AC; WEZZ(FM): AC
COMMENT: Purchase price is $100 plus assumption of certain debts and obligations. Deal also includes WKLF(AM) Clanton, Ala., for which seller holds an assignment application to become licensee.
FMs
KDFC(FM), KMAX(FM) and KOIT(FM) San Francisco
PRICE: Swap
BUYER: Entercom (David Field, president/CEO); owns 113 other stations, none in this market
SELLER: Bonneville International Corp. (Bruce Reese, president/CEO)
FACILITIES: KDFC(FM): 102.1 MHz, 33 kW, ant. 1047 ft.; KMAX(FM): 95.7 MHz, 7 kW, ant. 1289 ft.; KOIT(FM): 96.5 MHz, 24 kW, ant. 1575 ft.
FORMAT: KDFC(FM): Classical; KMAX: Classic Hits; KOIT(FM): Soft AC
COMMENT: See item under Combos.
WJYF(FM) Nashville (Valdosta), Ga.
PRICE: $1.3 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 182 other stations, including WVDA(FM) and WVRI(FM) Valdosta
SELLER: Three Trees Communications Inc. (James Howard, president)
FACILITIES: 95.3 MHz, 29 kW, ant. 522 ft.
FORMAT: Christian Contemporary
KXSA(FM) Dermott, KHBM(AM), KHBM(FM) and KGPQ(FM) Monticello, Ark.
PRICE: $1.05 million
BUYER: Pines Broadcasting Inc. (Jimmy Sledge, president); owns two other stations, none in this market.
SELLER: Community Radio Network Inc. (P.Q. Gardner, president)
FACILITIES: KXSA(FM); 103.1 MHz, 6 kW, ant. 328 ft.; KHBM(AM): 1430 kHz, 1 kW; KHBM(FM): 93.7 MHz, 23 kW, ant. 417 ft. KGPQ(FM): 99.9 MHz, 25 kW, ant. 328 ft.
FORMAT: KXSA: Country; KHBM(AM): Nostalgia; KHBM(FM): Classic Rock; KGPQ(FM): AC
KORL(FM)(CP) Kahului, Hawaii
PRICE: Swap
BUYER: Pacific Radio Group Inc. (Richard Bergson, president); owns 12 other stations, including KNUI(AM) and KJKS(FM) Kahului
SELLER: Hochman Hawaii Publishing Inc. (George Hochman, president/treasurer)
FACILITIES: 92.5 MHz, 2 kW, ant. 2211 ft.
FORMAT: CP—NOA
COMMENT: In addition to exchanging the CP for Pacific Radio Group's (PRG) KLHI(FM), Hochman Hawaii will pay PRG $520,000.
KLHI(FM) Waianae (Honolulu), Hawaii
PRICE: $520,000
BUYER: Hochman Hawaii Publishing Inc. (George Hochman, president/treasurer); owns four other stations, including KORL(AM) and KRUD(AM) Honolulu
SELLER: Pacific Radio Group Inc. (Richard Bergson, president)
FACILITIES: 101.1 MHz, 100 kW, ant. 1942 ft.
FORMAT: Alternative
COMMENT: See item above.
KVLR(FM) TWISP, WASH.
PRICE: $250,000
BUYER: Resort Radio LLC (Kent Phillips, member/president); owns no other stations
SELLER: Valley Air LLC (Donn Fry, member)
FACILITIES: 106.3 MHz, 220 W, ant. 1,637 ft.
FORMAT: Country
KZNZ(FM)(CP) KASILOF, ALASKA
PRICE: $210,000
BUYER: KSRM Inc. (John Davis, president/CEO); owns three other stations, none in this market
SELLER: Charles Dunham
FACILITIES: 106.9 MHz, 8 kW, ant. 203 ft.
FORMAT: CP–NOA
COMMENT: Buyer will reimburse seller $3,000 for costs incurred in construction of KZNZ.
WKUL(FM) CULLMAN, ALA.
PRICE: $200,000
BUYER: Jonathan Christian Corp. (Ron Mosley, president); owns no other stations
SELLER: Jonathan Christian Corp. (Don Mosley, shareholder)
FACILITIES: 92.1 MHz, 6 kW, ant. 328 ft.
FORMAT: Country
COMMENT: Don Mosley is selling his 53% interest in Jonathan Christian Corp. to Ron Mosley, who will own 100% in the company.
KZDY(FM) CAWKER CITY, KAN.
PRICE: $175,000
BUYER: Dierking Communications Inc. (Bruce Dierking, president/secretary); owns five other stations, none in this market
SELLER: Hoeflicker Stations (Herbert Hoeflicker, president)
FACILITIES: 96.3 MHz, 13 kW, ant. 230 ft.
FORMAT: Oldies
KGLU(FM)(CP) GIDEON, MO.
PRICE: $155,000
BUYER: Pollack Steel Supply Inc. (Sydney Pollack, president); owns no other stations
SELLER: Patricia Van Zandt
FACILITIES: 103.9 MHz, 6 kW, ant. 100 ft.
FORMAT: CP–NOA
NEW (FM)(CP) VIENNA, GA.
PRICE: $150,000
BUYER: Radio Assist Ministry Inc. (Clark Parrish, president); owns two other stations, neither in this market
SELLER: World Radio Link Inc. (Clark Parrish, secretary)
FACILITIES: 92.1 MHz, 5 kW, ant. 348 ft.
FORMAT: CP–NOA
WJDZ(FM) PASTILLO (PUERTO RICO), P.R.
PRICE: $150,000
BUYER: Aureo Matos Barreto (Aureo Matos, owner); owns one other station, including WTTP(FM) Puerto Rico
SELLER: Gamma Community Services Corp. (Gamalier Bermudez, president)
FACILITIES: 90.1 MHz, 200 W, ant. -121 ft.
FORMAT: Variety
WWLA(FM)(CP) SOUTH CHARLESTON (CHARLESTON), W.VA.
PRICE: $150,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 167 other stations, including WKVW(FM) Charleston
SELLER: Broadcasting For The Challenged Inc. (George Flinn Jr., president)
FACILITIES: 89.3 MHz, 300 W, ant. 161 ft.
FORMAT: CP–NOA
AMs
WLMC (AM) GEORGETOWN (MYRTLE BEACH), S.C.
PRICE: $200,000
BUYER: R.J. Stalvey; owns one other station, WGTN(AM) Myrtle Beach
SELLER: Gardner Altman
FACILITIES: 1470 kHz, 1 kW
FORMAT: Gospel/Inspirational
WHAP(AM) HOPEWELL (RICHMOND), VA.
PRICE: $200,000
BUYER: Silver Dolphin Communications Inc. (Rick Brady, VP/GM); owns no other stations
SELLER: MainQuad Communications Inc. (Daniel Berman, owner/president)
FACILITIES: 1340 kHz, 1 kW
FORMAT: Dark
BROKER: Dave Garland of Dave Garland Media Brokerage and Jamie Rasnick of John Pierce and Co. LLC
KQJZ(AM)(CP) KALISPELL, MONT.
PRICE: $200,000
BUYER: Anderson Broadcasting Co. Inc. (Dennis Anderson, president); owns three other stations, none in this market
SELLER: Starboard Media Foundation Inc. (Christopher Moreau, director/broadcast operations)
FACILITIES: 1340 kHz, 1 kW day/730 W night
FORMAT: CP–NOA
COMMENT: If buyer has not secured land for a new transmitter site for the station, purchase price will be $100,000 in cash at closing plus a $50,000 promissory note.
WWOW(AM) CONNEAUT, OHIO
PRICE: $200,000
BUYER: Cause Plus Marketing LLC (John Marra Jr., president/member); owns no other stations
SELLER: Developing Radio LLC (Lawrence Weiss, member/manager)
FACILITIES: 1360 kHz, 5 kW day/35 W night
FORMAT: Oldies
BROKER: Ray Rosenblum
| 2007 YTD* | 2006 | |||
| Number | Value (000) | Number | Value (000) | |
| Television | 14 | $622,050 | 182 | $18,142,686 |
| Radio | 57 | $100,482 | 2,129 | $22,870,412 |
| Source: BIA Financial Networks *As of 1/23/07 |
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Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
