News Articles

Changing Hands

5/30/2004 08:00:00 PM Eastern

TVs

KLST San Angelo, Texas
PRICE: $12 million
BUYER: Nexstar Broadcasting Group LP (Perry A. Sook, president/CEO)
SELLER: Jewell Television Corp. (Ted E. Kimbell, president and CEO)
FACILITIES: Ch. 8, 316 kW, ant. 1,450 ft.
AFFILIATION: CBS
BROKER: Larry Patrick of Patrick Communications
W35BS Port St Lucie, Fla.
PRICE: $160,000
BUYER: Equity Broadcasting Corp. (Greg W. Fess, executive vice president)
SELLER: Triangle Television (J. Rodger Skinner, president)
FACILITIES: Ch. 35, 26.8 kW
AFFILIATION: Ind.
W20CF Aquadilla, P.R.
PRICE: $160,000
BUYER: LKK Group Corp. (Keith Bass, managing member)
SELLER: U S Interactive LLC (Dean M. Mosely, CEO)
FACILITIES: Ch. 20, 5 kW
K58BL Moses Lake, Wash.
PRICE: $160,000
BUYER: Morgan Murphy Stations (Elizabeth Murphy Burns, president)
SELLER: Peoples TV Association Inc. (Nolen Merkley, president)
FACILITIES: Ch. 58, 2.5 kW
W06CA Wassau, Wis.
PRICE: Undisclosed
BUYER: Venture Technologies Group LLC (Lawrence Rogow, president)
SELLER: Davis Television LLC (Michael Siebert, vice president)
FACILITIES: Ch. 6, 0.05 kW

Combos

WHCU(AM), WTKO(AM), WQNY(FM) and WYXL(FM) Ithaca, N.Y.
PRICE: Undisclosed
BUYER: Saga Communications Inc. (Edward K. Christian, president/CEO); owns 79 other stations, none in this market
SELLER: Eagle Broadcasting Co. Inc. (Kenneth Cowan, president)
FACILITIES: WHCU(AM): 870 kHz, 5 kW day/1 kW night; WTKO(AM): 1470 kHz, 5 kW day/1 kW night; WQNY(FM): 103.7 MHz, 16 kW, ant. 879 ft.; WYXL(FM): 97.3 MHz, 26 kW, ant. 879 ft.
FORMAT: WHCU(AM): News/ Talk/Sports; WTKO(AM): Oldies; WQNY(FM): Country; WYXL(FM): AC

FMs

KRTS(FM) Seabrook (Houston-Galveston), Texas
PRICE: $72.5 million
BUYER: Radio One Inc. (Alfred C. Liggins III, president/CEO); owns 66 other stations, including KBXX(FM) and KMJQ(FM) Houston-Galveston
SELLER: M.S. Stude, et al (M.S. Stude, president)
FACILITIES: 92.1 MHz, 100 kW, ant. 981 ft.
FORMAT: Classical
WAMJ(FM) Mableton (Atlanta), Ga.
PRICE: $31.5 million
BUYER: Radio One Inc. (Alfred C. Liggins III, president/CEO); owns 66 other stations, including WHTA(FM), WJZZ(FM), and WPZE(FM) Atlanta
SELLER: New Mableton Broadcasting Corp.
FACILITIES: 102.5 MHz, 3 kW, ant. 469 ft.
FORMAT: R&B Oldies
COMMENT: Radio One currently holds 9.8% of the voting shares of NMBC and is acquiring the remaining 90.2%.
KDHI(FM) Joshua Tree and KKJT(FM) Twentynine Palms (Victor Valley), Calif.
PRICE: $575,000
BUYER: Copper Mountain Broadcasting Co. (Gary De Maroney, COO/director); owns no other stations
SELLER: Three D Radio Inc. (J. Duane Hoover, president)
FACILITIES: KDHI(FM): 92.1 MHz, 6 kW, ant. 230 ft.; KKJT(FM): 96.3 MHz, 6 kW, ant. 243 ft.
FORMAT: KDHI(FM): Country; KKJT(FM): Alternative
BROKER: MHC Enterprises Inc.
WUWG(FM) Carrollton (Atlanta), Ga.
PRICE: Undisclosed
BUYER: Georgia Public Telecommunications Commission (James Lyle, executive director); owns 14 other stations, none in this market
SELLER: State University of West Georgia (Dr. Beheruz N. Sethna, president)
FACILITIES: 90.7 MHz, 500 W, ant. 495 ft.
FORMAT: CHR
WWNF(FM) Kinston (Greenville-New Bern-Jacksonville), N.C.
PRICE: Undisclosed
BUYER: Curtis Media Group (Donald W. Curtis, president/ CEO); owns 19 other stations, none in this market
SELLER: Archway Broadcasting Group LLC (Al Vicente, president/CEO)
FACILITIES: 97.7 MHz, 3 kW, ant. 249 ft.
FORMAT: Country
BROKER: George Reed of Media Services Group

AMs

WKXL(AM) Concord (Manchester), N.H.
PRICE: $830,000
BUYER: Humphrey-Stevens Communications LLC (George W. Stevens, general manager); owns no other stations
SELLER: Embro Communications LLC (Peter A. Herz, member)
FACILITIES: 1450 kHz, 1 kW
FORMAT: News/Talk/Sports
WTID(AM) Jasper (Birmingham), Ala.
PRICE: $200,000
BUYER: Joy Christian Communications Inc. (Ed L. Smith, president); owns one other station, not in this market
SELLER: New Century Radio (Vachel L. Posey Jr., president)
FACILITIES: 1240 kHz, 1 kW
FORMAT: Oldies

Correction

In the May 10 issue, the seller of WNMB(AM) North Myrtle Beach, S.C., was incorrectly identified. Fidelity Broadcasting Corp. (Jerome Bresson, president) sold the station to Norman Communications (William D. Norman Jr., president).

Information provided by:

BIA Financial Networks'

Media Access Pro

Chantilly, Va., www.bia.com

Station Sales Scorecard
2004 YTD* 2003 Total
Number Value (000) Number Value (000)
Source: BIA Financial Networks *As of 5/26/04
Television 41 $270,738 70 $500,601
Radio 357 $847,778 897 $2,345,204
March