Changing Hands

Why This Matters



KPOM-TV Fort Smith and KFAA(TV) Rogers, Ark.
PRICE: $10 million
BUYER: Nexstar Broadcasting Group (Perry A. Sook, president/ CEO)
SELLER: Griffin Holdings
FACILITIES: KPOM-TV: Ch. 24, 2,510 kW, ant. 1,040 ft.; KFAA: Ch. 51, 182 kW, ant. 469 ft.
WIRS(TV) Yauco, P.R.
PRICE: $4.45 million
BUYER: LIN Television Corp. (Gary Chapman, president/ CEO)
SELLER: Maranatha Christian Network
FACILITIES: Ch. 42, 1,510 kW, ant. 2,795 ft.


KWHW(AM) and KRKZ-FM Altus and KQTZ-FM Hobart, Okla.PRICE: $1.8 million
BUYER: Monarch Broadcasting (Matthew L. Ward, president); no other broadcast interests
SELLER: Altus Radio Inc. (Galen Gilbert, president)
FACILITIES: KWHW(AM): 1450 kHz, 1 kW; KRKZ-FM: 93.5 MHz, 45 kW, ant. 528 ft.; KQTZ-FM: 105.9 MHz, 100 kW, ant. 1,020 ft.
FORMAT: KWHW(AM): Country; KRKZ-FM: Classic Rock; KQTZ-FM: Hot AC
BROKER: Bill Whitley of Media Services Group
WJBM(AM) Jerseyville (St. Louis) and WBBA-FM Pittsfield, Ill.
PRICE: $320,000
BUYER: DJ Two Rivers Radio (David Fuhler, president); no other broadcast interests
SELLER: Brown Radio Group Inc. (David Fuhler, president)
FACILITIES: WJBM(AM): 1480 kHz, 500 W day/32 W night; WBBA-FM: 97.5 MHz, 10 kW, ant. 305 ft.
FORMAT: WJBM(AM): Oldies; WBBA-FM: Country


WLCL-FM Canton (Atlanta), Ga.
PRICE: $31 million
BUYER: Clear Channel Communications (John Hogan, CEO, radio); No. 1 station group owns 1,212 other stations, including WCOH(AM), WGST(AM), WBZY-FM, WKLS-FM, WLTM-FM and WMAX-FM Atlanta
SELLER: McClure Broadcasting (Chuck McClure Jr., president)
FACILITIES: 105.7 MHz, 20 kW, ant. 781 ft.
FORMAT: Oldies
WMXP-FM Callaway, WLHR-FM Panama City, WASJ-FM Panama City Beach and WRBA-FM Springfield (Panama City), Fla.
PRICE: $6 million
BUYER: Pilot Group Radio (Robert B. Sherman, president); no other broadcast interests
SELLER: Waitt Radio Inc. (Steven Seline, vice-chairman)
FACILITIES: WMXP-FM: 103.5 MHz, 100 kW, ant. 748 ft.; WLHR-FM: 107.9 MHz, 100 kW, ant. 781 ft.; WASJ-FM: 105.1 MHz, 50 kW, ant. 335 ft.; WRBA-FM: 95.9 MHz, 50 kW, ant. 282 ft.
FORMAT: WMXP-FM: Country; WLHR-FM: Dance/Top40; WASJ-FM: Smooth Jazz; WRBA-FM: Classic Rock
WSAN-FM Las Piedras (Puerto Rico), P.R.
PRICE: $1.99 million
BUYER: Aureo Matos, et al (Aureo Matos, owner); owns two other stations, neither in this market
SELLER: Estate of Carlos J. Colon-Ventura (Kenny Colon, president/GM)
FACILITIES: 98.3 MHz, 760 W, ant. 1,959 ft.
FORMAT: Spanish/Top40
KSJY-FM Lafayette, La.
PRICE: $1.5 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 84 other stations, none in this market
SELLER: American Family Association Inc. (Donald E. Wildmon, president)
FACILITIES: 90.9 MHz, 6 kW, ant. 476 ft.
FORMAT: Christian
WHZQ-FM (previously WCRS-FM) Cross Hill, S.C.
PRICE: $475,000
BUYER: Pro-Com Communications (Wayne Shortridge, managing member); owns one other station, not in this market
SELLER: Lakeland Communications Inc. (Emil Finley, president/GM)
FACILITIES: 94.1 MHz, 4 kW, ant. 417 ft.
FORMAT: Country
WNPT-FM Linden, Ala.
PRICE: $450,000
BUYER: John Sisty Enterprises Inc. (John Sisty, president); owns one other station, not in this market
SELLER: Beckham Palmer III
FACILITIES: 102.9 MHz, 40 kW, ant. 551 ft.
FORMAT: Country
WZKB-FM Wallace, N.C.
PRICE: $425,000
BUYER: Broadcasting Good News Inc. (George Wilson, president); owns two other stations, none in this market
SELLER: JG&J Broadcasting Inc. (Mack Jones, owner/GM)
FACILITIES: 94.3 MHz, 3 kW, ant. 295 ft.
BROKER: Zoph Potts of Snowden Associates
KKOA-FM Volcano, Hawaii
PRICE: $400,000
BUYER: Herb Radio (Dan J. Alpert, owner); no other broadcast interests
SELLER: Pacific Radio Group Inc. (Richard C. Bergson, president)
FACILITIES: 107.7 MHz, 18 kW, ant. 236 ft.
WVBH-FM(CP) Beach Haven West (Monmouth-Ocean), N.J.
PRICE: $400,000
BUYER: Priority Radio Inc. (Steve Hare, president); owns one other station, not in this market
SELLER: JC Radio Inc.
FACILITIES: 88.3 MHz, 1 W, ant. 427 ft.
KZLN-FM Othello, Wash.
PRICE: $400,000
BUYER: ALC Communications (Thomas G. Hodgins, general partner); owns one other station, not in this market
SELLER: Wheeler Broadcasting Co. (Mark Wheeler, VP)
FACILITIES: 97.5 MHz, 5 kW, ant. 761 ft.
FORMAT: Classic Rock
KBFN-FM Big Sky, Mont.
PRICE: $400,000
BUYER: Orion Media LLC (Jeffrey H. Balding, member); no other broadcast interests
SELLER: Mountain Broadcasting Inc. (George Russell, president)
FACILITIES: 104.5 MHz, 870 W, ant. 3,370 ft.


KURV(AM) Edinburg and KSOX(AM) Raymondville (McAllen-Brownsville- Harlingen), Texas
PRICE: $7.5 million
BUYER: BMP Radio LP (Thomas Castro, president); owns six other stations, including KILM-FM and XCAO-FM McAllen-Brownsville-Harlingen
SELLER: Voice of Valley Agriculture Inc. (Davis Rankin, president)
FACILITIES: KURV(AM): 710 kHz, 1 kW day/910 W night; KSOX(AM): 1240 kHz, 520 W day/850 W night
FORMAT: KURV(AM): News/ Talk/Sports; KSOX(AM): Sports
KORL(AM) Honolulu
PRICE: $550,000
BUYER: Hochman Hawaii Publishing Inc. (George Hochman, president); owns three other stations, none in this market
SELLER: New Wave Broadcasting LP (Dex Allen, president)
FACILITIES: 690 kHz, 10 kW
FORMAT: Children
WKIM(AM) Augusta, Ga.
PRICE: $425,000
BUYER: Eastern Broadcasting Group Inc. (Michael J. Sbuttoni, president); owns two other stations, none in this market
SELLER: Kimchris Broadcasting (Freddie Lee Handy, president/ GM)
FACILITIES: 1230 kHz, 1 kW
FORMAT: Jazz/Variety
WJNX(AM) Fort Pierce (Fort Pierce-Stuart-Vero Beach), Fla.
PRICE: $400,000
BUYER: Port St. Lucie Broadcasters Inc. (Carol Wyatt, president/treasurer); owns three other stations: WIRA(AM), WPSL(AM) and WSTU(AM) Fort Pierce-Stuart-Vero Beach
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: 1330 kHz, 5 kW day/1 kW night
FORMAT: News/Talk
WKCW(AM) Warrenton, Va.
PRICE: $400,000
BUYER: Metro Radio Inc. (Bruce A. Houston, president); owns one other station, not in this market
SELLER: Multicultural Radio Broadcasting Inc. (Arthur Liu, president)
FACILITIES: 1420 kHz, 10 kW day/17 W night
FORMAT: Country
WJNZ(AM) Kentwood (Grand Rapids), Mich.
PRICE: $360,000
BUYER: WJNZ Radio LLC (Mike St Cyr, owner); no other broadcast interests
SELLER: Goodrich Radio Marketing Inc. (Robert E Goodrich, president/secretary)
FACILITIES: 1140 kHz, 5 kW
WZOT(AM) Rockmart and WTSH(AM) Rome, Ga.
PRICE: $346,804
BUYER: Triple J's & T's (Gregory J. Kamishlian, president); no other broadcast interests
SELLER: Southern Broadcasting Companies (Paul C. Stone, president)
FACILITIES: WZOT-AM: 1220 kHz, 500 W; WTSH-AM: 1360 kHz, 500 W day/47 W night
FORMAT: WZOT-AM: Gospel; WTSH-AM: Gospel

Station Sales Scorecard
2003 YTD* 2002 Total
Source: BIA Financial Networks
*Through Nov. 5
Numbervalue (000)Numbervalue (000)