News Articles

Changing Hands

2/15/2004 07:00:00 PM Eastern

TVs

WMTW Poland Spring, Maine; W26CQ Colebrook, N.H.; W27CP White River Junction, Vt.
PRICE: $37.5 million
BUYER: Hearst-Argyle TV Inc. (David J. Barrett, president/ CEO)
SELLER: WMTW Broadcast Group LLC (Jack Quigley, CFO)
FACILITIES: WMTW: Ch. 8, 316 kW, ant. 1,995 ft.; W26CQ: Ch. 26, 10 kW; W27CP: Ch. 27, 24.4 kW
AFFILIATION: ABC
WBVT-LP, W30BL and W54CV Burlington, W36CP Newport, W52CD St. Albans, and W55CZ Waterville Valley, Vt.
PRICE: $825,000
BUYER: Equity Broadcasting Corp. (Greg W. Fess, executive VP)
SELLER: New York Network LLC (Jeff Loper, managing partner)
FACILITIES: WBVT-LP: Ch. 39, 63 kW, ant. 498 ft.; W30BL: Ch. 30, 0.07 kW; W54CV: Ch. 54, 0.06, ant. 495 ft.; W36CP: Ch. 36, 29 kW, ant. 1,859 ft.; W52CD: Ch. 52, 46.1 kW; W55CZ: Ch. 55, 27 kW
AFFILIATION: WBVT-LP: UPN
W07DA Grundy, Va.
PRICE: $250,000
BUYER: Peggy Sue Broadcasting (Henry Beam, president)
SELLER: Virginia-Kentucky Broadcasting Co. Inc. (Gary Dotson, president)
FACILITIES: Ch. 7, 0.09 kW
W61CE Rutland, Vt.
PRICE: $200,000
BUYER: Equity Broadcasting Corp. (Greg W. Fess, executive VP)
SELLER: Estate of Nicholas Sanguinetti (Margaret Sanguinetti, executrix)
FACILITIES: Ch. 61, 10 kW
K30ET, K34EJ, K36ED, K38EL, K40EN, K42EC, K44EK, K46EH, K48FG, K50EH, K52EY, K54EW, K56FX, K60FQ, K62FB, K64EU, K66FG and K68EZ Fairbanks, Alaska
PRICE: $100,000
BUYER: Denali Television (David E. Steward, president)
SELLER: Tanana Valley TV Co. (William St Pierre, president/ GM)
FACILITIES: K30ET: Ch. 30, 30 kW; K34EJ: Ch. 34, 30 kW; K36ED: Ch. 36, 30 kW; K38EL: Ch. 38, 30 kW; K40EN: Ch. 40, 30 kW; K42EC: Ch. 42, 30 kW; K44EK: Ch. 44, 30 kW; K46EH: Ch. 46, 30 kW; K48FG: Ch. 48, 30 kW; K50EH: Ch. 50, 30 kW; K52EY: Ch. 52, 30 kW; K54EW: Ch. 54, 30 kW; K56FX: Ch. 56, 30 kW; K60FQ: Ch. 60, 30 kW; K62FB: Ch. 62, 30 kW; K64EU: Ch. 64, 30 kW; K66FG: Ch. 66, 30 kW; K68EZ: Ch. 68, 30 kW
K42FI Watertown, S.D.
PRICE: $4,985
BUYER: Red River Broadcast Co. LLC (Ro Grignon, president)
SELLER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
FACILITIES: Ch. 42, 10 kW
AFFILIATION: TBN
W54AF Bucyrus, Ohio
PRICE: $800,000
BUYER: United Media Acquisitions LLC (Robert Robinson, manager)
SELLER: Crawford Broadcasting Co. (David Sharrock, president)
FACILITIES: Ch. 54, 7 kW
AFFILIATION: Ind.
K48DK Sioux Falls, S.D.
PRICE: $55,000
BUYER: GIG Inc. (Charles Poppen, president/GM)
SELLER: Stuart Moen (Stuart Moen, owner)
FACILITIES: Ch. 48, 0.86 kW
WHIG(LP) Rocky Mount, N.C.
PRICE: $47,000
BUYER: Herbert Greenberg (Herbert Greenberg, president)
SELLER: Action Community Television (Ray Livesay, shareholder)
FACILITIES: Ch. 33, 8.9 kW
K42FI Watertown, S.D.
PRICE: $4,985
BUYER: Red River Broadcast Co. LLC (Ro Grignon, president)
SELLER: Trinity Broadcasting Network Inc. (Paul F. Crouch, president)
FACILITIES: Ch. 42, 10 kW
AFFILIATION: TBN

Combos

WEMJ(AM) and WLNH(FM) Laconia and WBHG(FM) Meredith, N.H.
PRICE: $5 million
BUYER: Nassau Broadcasting Partners (Louis Mercatanti Jr., president/chairman); owns 26 other stations, none in this market
SELLER: Sconnix Broadcasting Co. (Randall T. Odeneal, general partner)
FACILITIES: WEMJ(AM): 1490 kHz, 1 kW; WLNH(FM): 98.3 MHz, 16 kW, ant. 407 ft.; WBHG(FM): 101.5 MHz, 6 kW, ant. 328 ft.
FORMAT: WEMJ(AM): News/ Sports/Talk; WLNH(FM): Hot AC; WBHG(FM): Classic Rock
BROKER: Glenn Serafin of Serafin Brothers Inc.
WFHR(AM) and WGLX(FM) Wisconsin Rapids (Wausau-Stevens Point), Wis.
PRICE: $4.01 million
BUYER: NewRadio Group (Mary Quass, president/CEO); owns 25 other stations, including WDLB(AM), WLJY-FM, WOSQ-FM and WYTE(FM) Wausau-Stevens Point
SELLER: Bliss Communications Inc. (Sidney H. Bliss Jr., president)
FACILITIES: WFHR(AM): 1320 kHz, 5 kW day/500 W night; WGLX-FM: 103.3 MHz, 100 kW, ant. 325 ft.
FORMAT: WFHR(AM): News/ Talk; WGLX-FM: Classic Rock
WKLL(FM) Frankfort, WTLB(AM) and WRCK(FM) Utica (Utica-Rome), N.Y.
PRICE: $2.75 million
BUYER: Route 81 Radio LLC (Lloyd B. Roach, president/ CEO); owns 12 other stations, none in this market
SELLER: Galaxy Communications (Ed Levine, president)
FACILITIES: WKLL(FM): 94.9 MHz, 34 kW, ant. 568 ft.; WTLB(AM): 1310 kHz, 5 kW day/500 W night; WRCK(FM): 107.3 MHz, 50 kW, ant. 499 ft.
FORMAT: WKLL(FM): Modern Rock; WTLB(AM): Nostalgia; WRCK(FM): Classic Rock
WJYF(FM) Nashville, WTIF(FM) Omega and WTIF(AM) Tifton, Ga.
PRICE: $2.1 million
BUYER: Three Trees Communications (James Andrew Howard, president); owns one other station, not in this market
SELLER: Tifton Broadcasting Co. (Ronald Yountz, president)
FACILITIES: WJYF(FM): 95.3 MHz, 15 kW, ant. 522 ft.; WTIF(FM): 107.5 MHz, 2 kW, ant. 400 ft.; WTIF(AM): 1340 kHz, 1 kW
FORMAT: WJYF(FM): AC; WTIF(FM): Country; WTIF(AM): Country
BROKER: Eddie Esserman of Media Services Group

FMs

WNNH(FM) Henniker and WHOB(FM) Nashua (Manchester) and WLKZ(FM) Wolfeboro, N.H.
PRICE: $12 million
BUYER: Nassau Broadcasting Partners LP (Louis Mercatanti Jr., president/chairman); owns 26 other stations, none in this market
SELLER: Tele-Media Broadcasting (Ira Rosenblatt, VP/COO, radio)
FACILITIES: WNNH(FM): 99.1 MHz, 3 kW, ant. 479 ft.; WHOB(FM): 106.3 MHz, 950 W, ant. 541 ft.; WLKZ(FM): 104.9 MHz, 570 W, ant. 1,056 ft.
FORMAT: WNNH(FM): Oldies; WHOB(FM): Hot AC; WLKZ(FM): Oldies
BROKER: Glenn Serafin of Serafin Brothers, Inc.
KEJC(FM) Modesto, Calif.
PRICE: $5.9 million
BUYER: Aztec Media Inc. (Angelica Balderas, president); owns one other station, not in this market
SELLER: Modesto Communication Corp. (Edward Cardoza, president)
FACILITIES: 93.9 MHz, 4 kW, ant. 404 ft.
FORMAT: Spanish
WOXY(FM) Oxford (Cincinnati), Ohio
PRICE: $5.64 million
BUYER: First Broadcasting Co. (Gary M. Lawrence, president/ vice chairman); owns 13 other stations, including WAOL(FM) and WAXZ(FM) Cincinnati
SELLER: Balogh Broadcasting Co. (Doug Balogh, owner)
FACILITIES: 97.7 MHz, 3 kW, ant. 322 ft.
FORMAT: Modern Rock
BROKER: Jim Hoffman of Explorer Communications
WAXZ(FM) Georgetown and WAOL(FM) Ripley (Cincinnati), Ohio
PRICE: $4.06 million
BUYER: First Broadcasting Co. LP (Gary M. Lawrence, president/ vice chairman); owns 12 other stations, including WOXY(FM) Cincinnati
SELLER: Plessinger Radio Group (Richard L. Plessinger, president)
FACILITIES: WAXZ(FM): 97.7 MHz, 2 kW, ant. 387 ft.; WAOL(FM): 99.5 MHz, 13 kW, ant. 459 ft.
FORMAT: WAXZ(FM): Country; WAOL(FM): Country
BROKER: Jim Hoffman of Explorer Communications
WRVG(FM) Georgetown (Lexington-Fayette), Ky.
PRICE: $1.7 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 90 other stations, none in this market
SELLER: Georgetown College
FACILITIES: 89.9 MHz, 50 kW, ant. 410 ft.
FORMAT: AAA

AMs

KJSA(AM) Mineral Wells, Texas
PRICE: $800,000
BUYER: First Broadcasting Co. LP (Gary M. Lawrence, president/ vice chairman); owns 13 other stations, none in this market
SELLER: Jerry Snyder and Associates (Jerry Snyder, owner/ president)
FACILITIES: 1120 kHz, 250 W
FORMAT: Nostalgia
WJXB(AM) Knoxville, Tenn.
PRICE: $550,000
BUYER: Progressive Media (Barry Culberson, president); owns no other stations
SELLER: South Central Communications Corp. (John D. Engelbrecht, president/director)
FACILITIES: 1240 kHz, 1 kW
FORMAT: Sports
BROKER: John Pierce of John Pierce and Co.
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com

Station Sales Scorecard
Number Value (000) Number (000)
2004 YTD* 2003 Total
Source: BIA Financial Networks
*Through 2/11/04
Television 22 $65,700 70 $500,601
Radio 98 $229,415 912 $2,451,069

 

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