News Articles

Changing Hands

6/13/2004 08:00:00 PM Eastern

TVs

WTBU Indianapolis
PRICE:
$4 million
BUYER:
Daystar Television Network (Marcus Lamb, president/CEO)
SELLER:
Butler University (Bobby Fong, president)
FACILITIES: Ch. 69, 9.77 kW, ant. 548 ft.
AFFILIATION: Public
KBTV(LP) Sacramento, Calif.
PRICE:
$1.55 million
BUYER:
Tower of Babel Sacramento Licensing LLC (Frank Washington, manager)
SELLER:
Incisor Communications LLC (Michael Mintz, member)
FACILITIES: Ch. 8, 3 kW
AFFILIATION: Ind.

Combos

WHCU(AM), WTKO(AM), WQNY(FM), and WYXL(FM) Ithaca, N.Y.
PRICE: $13.25 million
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
KQLK(FM) De Ridder and KAOK(AM) Lake Charles, La.
PRICE: $3 million
BUYER: Cumulus Broadcasting Inc. (Lewis W. Dickey Jr., president/CEO); owns 303 other stations, including KXZZ(AM), KBIU(FM), KKGB(FM), and KYKZ(FM) Lake Charles
SELLER: Pittman Broadcast Services LLC (Marcus Pittman, member)
FACILITIES: KQLK(FM): 97.9 MHz, 50 kW, ant. 492 ft.; KAOK(AM): 1400 kHz, 1 kW
FORMAT: KQLK(FM): Top 40; KAOK(AM): Talk
BROKER: Michael J. Bergner of Bergner and Co.
KBKR(AM) and KKBC(FM) Baker, KLBM(AM) and KUBQ(FM)La Grande, Ore.
PRICE: $1.9 million
BUYER: Pacific Empire Radio Corp. (Mark Bolland, president/CEO); owns nine other stations, none in this market
SELLER: Grande Radio Inc. (Bryan Christle, president)
FACILITIES: KBKR(AM): 1490 kHz, 1 kW; KKBC(FM): 95.3 MHz, 6 kW, ant. -200 ft.; KLBM(AM): 1450 kHz, 1 kW; KUBQ(FM): 98.7 MHz, 2 kW, ant. 1,942 ft.
FORMAT: KBKR(AM): Talk; KKBC(FM): Classic Hits; KLBM(AM): Talk; KUBQ(FM): CHR
BROKER: The Exline Co.

FMs

NEW (FM)(CP) Forest Acres
(Columbia), S.C.
PRICE: $4.73 million
BUYER: Pilot Group Radio (Robert B. Sherman, president); owns four other stations, none in this market
SELLER: Exosphere Broadcasting LLC (Clifford Burnstein, co-president)
FACILITIES: 94.3 MHz, 3 kW, ant. 443 ft.
FORMAT: CP–NOA
BROKER: Harold Miller
WSHI(FM) Columbia City(Ft. Wayne), Ind.
PRICE: $2.61 million
BUYER: Artistic Media Partners Inc. (Arthur A. Angotti, president/CEO); owns 13 other stations, including WBTU(FM) Ft. Wayne
SELLER: Jammin' Broadcasting LLC (Steven Isenberg, managing member)
FACILITIES: 106.3 MHz, 6 kW, ant. 340 ft.
FORMAT: Hot AC
WEZG(FM) Jefferson City, Tenn.
PRICE: $1.65 million
BUYER: Citadel Broadcasting Corp. (Farid Suleman, chairman/ CEO); owns 214 other stations, none in this market
SELLER: Radio Center Dalton (Paul Fink, president)
FACILITIES: 99.3 MHz, 940 W, ant. 653 ft.
FORMAT: Spanish AC
BROKER: Don Sailors
KVRW(FM) Lawton, Okla.
PRICE: $1.6 million
BUYER: Clear Channel Communications (John Hogan, CEO, radio); owns 1,209 other stations, including KLAW(FM) and KZCD(FM) Lawton
SELLER: Pat-Tower Inc. (Arthur Patrick, president)
FACILITIES: 107.3 MHz, 50 kW, ant. 492 ft.
FORMAT: Oldies
BROKER: John W. Saunders of John W. Saunders
WYAC(FM) Christiansted, V.I.
PRICE: $300,000
BUYER: Philip E. and Ellen N. Kuhlman (Philip E. Kuhlman, owner); owns no other stations
SELLER: El Morro Broadcasting Inc. (Luis A. Mejia, president)
FACILITIES: 93.5 MHz, 10 kW, ant. 807 ft.
FORMAT: Variety
FACILITIES: 106.7 MHz, 16 kW, ant. 837 ft.
FORMAT: Hot AC

AMs

KCKN(AM) Kansas City, Kan.
PRICE: $1.6 million
BUYER: All Comedy Radio (Michael O'Shea, CEO); owns no other stations
SELLER: Carter Broadcast Group Inc. (Michael Carter, president)
FACILITIES: 1340 kHz, 200 W
FORMAT: Comedy
WEGA(AM) Vega Baja, P.R.
PRICE: $850,000
BUYER: A Radio Co. Inc. (Gerardo Angulo, president); owns no other stations
SELLER: VI/Man Broadcasting (Carmelo Santiago Roman, owner)
FACILITIES: 1350 kHz, 3 kW
FORMAT: Spanish/News/Talk

Station Sales Scorecard
*As of 6/9/04
Source: BIA Financial Networks
2004 YTD* Number 2004 YTD* Value (000) 2003 YTD Number 2003 YTD Value (000)
Television 45 $315,238 70 $500,601
Radio 391 $901,187 896 $2,344,977

Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com

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