News Articles

Changing Hands

5/02/2004 08:00:00 PM Eastern

TVs

WPTA Fort Wayne, Ind.
PRICE: $45.9 million
BUYER: Malara Broadcasting (Tony Malara, president)
SELLER: Granite Broadcasting Corp. (Stuart J. Beck, president)
FACILITIES: Ch. 21, 562 kW, ant. 735 ft.
AFFILIATION: ABC
BROKER: Kalil & Co. Inc.
WISE Fort Wayne, Ind.
PRICE: $44.2 million
BUYER: Granite Broadcasting Corp. (Stuart J. Beck, president)
SELLER: New Vision Group Inc. (Jason Elkin, chairman/CEO)
FACILITIES: Ch. 33, 589 kW, ant. 771 ft.
AFFILIATION: NBC
BROKER: Kalil & Co. Inc.
KTUD(CA) Las Vegas
PRICE: $18 million
BUYER: Las Vegas TV Partners LLC (Phillip C. Peckman, co-manager)
SELLER: Venture Technologies (Lawrence Rogow, president)
FACILITIES: Ch. 25, 88.9 kW, ant. 1,778 ft.
AFFILIATION: UPN
BROKER: Daniels & Associates
KMVT Twin Falls, K04EN Glenns Ferry, K09IR Albion, K13HG Khum, K57CC Hagerman, and K59CC Burley, Idaho
PRICE: $17.3 million
BUYER: Neuhoff Family Limited Partnership (Roger A. Neuhoff, president)
SELLER: Catamount Broadcast Group (Ralph Becker, president/CEO)
FACILITIES: KMVT: Ch. 11, 316 kW, ant. 1,060 ft.; K04EN: Ch. 4, 0.01 kW; K09IR: Ch. 9, 0.05 kW; K13HG: Ch. 13, 0.006 kW; K57CC: Ch. 57, 1.12 kW; K59CC: Ch. 59, 1 kW
AFFILIATION: KMVT: CBS
BROKER: Media Venture Partners
KDLH Duluth, Minn.
PRICE: $10.8 million
BUYER: Malara Broadcasting (Tony Malara, president)
SELLER: New Vision Group Inc. (Jason Elkin, chairman/CEO)
FACILITIES: Ch. 3, 100 kW, ant. 991 ft.
AFFILIATION: CBS
BROKER: Kalil & Co. Inc.

Combos

WZPL(FM) Greenfield, WXNT(AM) and WTPI(FM) Indianapolis, Ind.
PRICE: $73.5 million
BUYER: Entercom (David J. Field, president/CEO); owns 105 other stations, none in this market
SELLER: MyStar Communications Corp. (Tim Medland, president)
FACILITIES: WZPL(FM): 99.5 MHz, 19 kW, ant. 774 ft.; WXNT(AM): 1430 kHz, 5 kW; WTPI(FM): 107.9 MHz, 22 kW, ant. 761 ft.
FORMAT: WZPL(FM): Hot AC; WXNT(AM): News/Talk; WTPI(FM): Lite Rock
WMAS(AM) and WMAS(FM) Springfield, Mass.
PRICE: $22 million
BUYER: Citadel Broadcasting Corp. (Farid Suleman, chairman/CEO); owns 211 other stations, none in this market
SELLER: Lappin Communications (W. Robert Lappin, chairman)
FACILITIES: WMAS(AM): 1450 kHz, 1 kW; WMAS(FM): 94.7 MHz, 50 kW, ant. 194 ft.
FORMAT: WMAS(AM): Adult Standard; WMAS(FM): AC
KYOX(FM) Comanche, KSTV(FM) Dublin, and KSTV(AM) Stephenville, Texas
PRICE: $3.8 million
BUYER: Cherry Creek Radio (Joseph D. Schwartz, CEO/ president); owns 26 other stations, none in this market
SELLER: KYOX(FM: 377 Broadcasting Inc. (Robert S. Elliott Jr., president); KSTV(AM) and FM: Cen-Tex Media Inc. (Charles H. Strickland, president)
FACILITIES: KYOX(FM): 94.3 MHz, 32 kW, ant. 620 ft.; KSTV(FM): 93.1 MHz, 8 kW, ant. 581 ft.; KSTV(AM): 1510 kHz, 500 W
FORMAT: KYOX(FM): Country; KSTV(FM): Country; KSTV(AM): Adult Standard
BROKER: Bill Whitley of Media Services Group
KVRP(FM) Haskell and KVRP(AM) Stamford (Abilene), Texas
PRICE: $700,000
BUYER: 1 Chronicles 14 (Gregg Weston, manager); owns no other stations
SELLER: Rolling Plains Broadcasting (Ken Lane, president)
FACILITIES: KVRP(FM): 97.1 MHz, 100 kW, ant. 532 ft.; KVRP(AM): 1400 kHz, 1 kW
FORMAT: KVRP(FM): Country; KVRP(AM): Country
BROKER: Media Services Group

FMs

KFMH(FM) Belle Fourche, S.D.
PRICE: $250,000
BUYER: Mountain States Radio Inc. (Victor A. Michael, president); owns six other stations, none in this market
SELLER: MAS Communications Inc. (Mark A. Swendsen, president)
FACILITIES: 102.1 MHz, 7 kW, ant. -12 ft.
FORMAT: Dark
BROKER: Jody McCoy of Media Services Group
WZYY(FM) Renovo, Pa.
PRICE: $200,000
BUYER: Magnum Broadcasting Inc. (Michael Stapleford, president); owns no other stations
SELLER: Westview Communications Inc. (Aaron Taffera, president)
FACILITIES: 106.9 MHz, 650 W, ant. 705 ft.
FORMAT: Hot AC
KAAX-FM(CP) Avenal (Visalia-Tulare-Hanford), Calif.
PRICE: $50,000
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 16 other stations, including KZPO(FM) Visalia-Tulare-Hanford
SELLER: Avenal Educational Services Inc. (Steve Nelson, VP)
FACILITIES: 95.1 MHz, 920 W, ant. 656 ft.
FORMAT: CP—NOA
WWZP(FM) Freeland (Saginaw-Bay City-Midland), Mich.
PRICE: $40,000
BUYER: Great Lakes Community Broadcasting Inc. (James J. McCluskey, president); owns one other station, not in this market
SELLER: American Family Association Inc. (Donald E. Wildmon, chairman)
FACILITIES: 90.9 MHz, 240 W, ant. 213 ft.
FORMAT: Christian
WJTA(FM) Kosciusko, Miss.
PRICE: $35,000
BUYER: American Family Association Inc. (Donald E. Wildmon, chairman); owns 108 other stations, none in this market
SELLER: Kosciusko Educational Broadcasting Foundation (William G. Suratt, director)
FACILITIES: 91.7 MHz, 370 W, ant. 131 ft.
FORMAT: Gospel
WBGY(FM) Naples (Ft. Myers-Naples-Marco Island), Fla.
PRICE: $25,000
BUYER: Everglades City Broadcast (Robert G. Ladd, trustee/ president); owns no other stations
SELLER: Naples Educational Broadcasting Foundation (Carl J. Auel, trustee)
FACILITIES: 88.1 MHz, 110 W, ant. 59 ft.
FORMAT: Educational
KADU(FM) Hibbing, Minn.
PRICE: $2
BUYER: SGM Radio Inc. (Steven Drees, president); owns no other stations
SELLER: JPI Radio Inc. (Jarel Pittman, president)
FACILITIES: 90.1 MHz, 100 W, ant. 220 ft.
FORMAT: Dark
KAOC(FM) Cavalier, N.D.
PRICE: $1
BUYER: KNDK Inc. (Robert N. Simmons, president); owns two other stations, neither in this market
SELLER: Two-Rivers Broadcasting Inc. (Janice M. Ingstad, president/secretary/treasurer/director)
FACILITIES: 105.1 MHz, 100 kW, ant. 764 ft.
FORMAT: Country
COMMENT: KNDK Inc. assumes Two-Rivers Broadcasting's existing LMA for KXPO-AM and KAUJ(FM)
KXAA(FM) Cle Elum, Wash.
PRICE: Exercise of option
BUYER: Wheeler Broadcasting Co. (Verl D. Wheeler, president); owns two other stations, none in this market
SELLER: M.F. and B.T. Andler (Michael Andler, owner)
FACILITIES: 93.7 MHz, 6 kW, ant. 95 ft.
FORMAT: Oldies/Classic Rock
COMMENT: Under an April 2002 agreement with the Andlers, Wheeler will build a station and receive an option to purchase it. Price of the option shall be the value of construction plus the greater of $55,000 or 81/2 times average annual net cash sales

AMs

KZNX(AM) Creedmoor (Austin), Texas
PRICE: $2 million
BUYER: Simmons Media Group Inc. (Craig Hanson, president); owns 18 other stations, including KWNX(AM) Austin
SELLER: Yellow Rose Communications Inc. (Andrew McGregor, president)
FACILITIES: 1530 kHz, 10 kW day/12 W night
FORMAT: Mexican
WZRH(AM) Dallas (Charlotte-Gastonia-Rock Hill), N.C.
PRICE: $775,000
BUYER: Truth Broadcasting (Stuart W. Epperson Jr., president); owns six other stations, none in this market
SELLER: Zybek Media LLC (Beth Howerton, managing member)
FACILITIES: 960 kHz, 1 kW day/500 W night
FORMAT: News/Talk
BROKER: TAG Media Consulting
WJQY(AM) Springfield (Nashville), Tenn.
PRICE: $150,000
BUYER: Lightning Broadcasting LLC (Neil W. Petersen, member); owns one other station, including WSGI(AM) Nashville
SELLER: Saga Communications Inc. (Edward K. Christian, president/CEO)
FACILITIES: 1590 kHz, 710 W day/30 W night
FORMAT: Christian Contemporary
WSRA(AM) Albany, Ga.
PRICE: $127,500
BUYER: Vash Properties Inc. (Roosevelt Carter, president); owns no other stations
SELLER: Lifeline Communications (Jimmy Keaton, president)
FACILITIES: 1250 kHz, 1 kW day/53 W night
FORMAT: Sports
WULA(AM) Eufaula, Ala.
PRICE: $95,000
BUYER: Renegade Broadcasting (Clyde Earnest, president); owns one other station, including WRVX(FM) Eufaula
SELLER: Hellinger Broadcasting Co. (Mark Hellinger, president)
FACILITIES: 1240 kHz, 600 W
FORMAT: Sports/Talk
WIMO(AM) Winder (Atlanta), Ga.
PRICE: $75,000
BUYER: Mark Myers; owns no other stations
SELLER: Walden Nelms Broadcasting (Franklin Walden, president)
FACILITIES: 1300 kHz, 650 W day/50 W night
FORMAT: Country
WMOV(AM) Ravenswood, W.Va.
PRICE: $60,000
BUYER: Richard Arter (Richard Arter, sole proprietor); owns no other stations
SELLER: Harold F. Parshall Estate (Shay Hill, executor)
FACILITIES: 1360 kHz, 1 kW
FORMAT: Country
KJMP(AM)(CP)/Pierce (Ft. Collins-Greeley), Colo.
PRICE: $50,000
BUYER: Mountain States Radio Inc. (Victor A. Michael, president); owns five other stations, none in this market
SELLER: Jo-Mor Communications Inc. (Andres O. Neidig, president)
FACILITIES: 870 kHz, 5 kW day/246 W night
FORMAT: CP—NOA
BROKER: Chuck Lontine of Marconi Media Ventures
KNCR(AM) Fortuna, Calif.
PRICE: $37,500
BUYER: Del Rosario Talpa Inc. (Mario Meza, president); owns one other station, none in this market
SELLER: Miller Broadcasting Co. Inc. (Pattison Christenson, president)
FACILITIES: 1090 kHz, 10 kW
FORMAT: Spanish/Mexican

Station Sales Scorecard
2004 YTD 2003 Total
Source: BIA Financial Networks*As of 4/28/04
Number value (000) Number value (000)
Television 37 $252,676 70 $500,601
Radio 321 $685,815 000 $2,345,204
November