Deals
By BIA Financial Networks -- Broadcasting & Cable, 9/24/2007
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TV
K25DM/Phoenix; K30DN/Freeport, Texas
PRICE: $1.2 million
BUYER: Mako Communications LLC (Sean Mintz, president)
SELLER: Latin America Broadcasting Inc. (Wallace Springstead, president/CEO)
FACILITIES: K25DM, Ch. 25, 9.8 kW, ant. 876 ft.; K30DN, Ch. 30, 9 kW
AFFILIATION: K25DM, IND
COMMENT: $100K deposit plus $600K at closing, plus $500K credit against LMA fees owed by Latin America Broadcasting to buyer.
RADIO
WDCD-AM/Albany, N.Y.; WPTR-FM/Clifton Park (Albany-Schenectady-Troy), N.Y.
PRICE: $4.05 million
TERMS: Asset sale for note
BUYER: DJR Broadcasting LLC (Donald Crawford Jr., member); owns three other stations, none in this market
SELLER: Crawford Broadcasting Co. (Donald Crawford, president)
FACILITIES: WDCD-AM: 1540 kHz, 50 kW day/night; WPTR-FM: 96.7 MHz, 5 kW, ant. 328 ft.
FORMAT: WDCD-AM: Inspiration; WPTR-FM: Christian Contemporary
KGRP-FM/Cazadero (Santa Rosa), Calif.
PRICE: $2.9 million
TERMS: Asset sale; cash and note
BUYER: Redwood Empire Stereocasters (Gordon Zlot, president); owns two other stations, including KJZY-FM & KZST-FM/Santa Rosa
SELLER: Ace Radio Corp. (Stephen Hackerman, president)
FACILITIES: 106.3 MHz, 1 kW, ant. 689 ft.
FORMAT: Adult Contemporary
BROKER: Media VenturePartners
COMMENT: $2.6 million cash at closing, including $145K escrow deposit, plus $300K promissory note.
KLGO-FM/Thorndale (Austin), Texas
PRICE: $2.05 million
TERMS: Cash plus note cancellation
BUYER: REO Radio Group LLC (Richard Oppenheimer, manager/member); owns no other stations
SELLER: Jackson Lake Broadcasting Co. (Roy Henderson, president)
FACILITIES: 99.3 MHz, 6 kW, ant. 328 ft.
FORMAT: Religion
COMMENT: $150K loan toward purchase price; balance due in cash at closing.
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va. www.bia.com 703-818-2425
