News Articles

Changing Hands

10/24/2004 08:00:00 PM Eastern

Combos

WINA(AM), WQMZ(FM) and WWWV(FM) Charlottesville, Va.
PRICE: $22 million
BUYER: Saga Communications Inc. (Edward K. Christian, president/CEO) owns 83 other stations, none in this market
SELLER: Eure Communications (W. Bradford Eure, president/ director)
FACILITIES: WINA(AM): 1070 kHz, 5 kW; WQMZ(FM): 95.1 MHz, 6 kW, ant. 325 ft.; WWWV(FM): 97.5 MHz, 9 kW, ant. 1,132 ft.
FORMAT: WINA(AM): News/ Talk/Sports; WQMZ(FM): AC; WWWV(FM): Classic Rock
KGIM(AM) Aberdeen and KQKD(AM), KGIM(FM) and KNBZ(FM) Redfield, S.D.
PRICE: Undisclosed
BUYER: Aberdeen Radio Ranch Inc. (Robert J. Ingstad, co-president); owns no other stations
SELLER: Robert E. Ingstad (Robert E. Ingstad, president/ director)
FACILITIES: KGIM(AM): 1420 kHz, 1 kW day/232 W night; KQKD(AM): 1380 kHz, 500 W day/142 W night; KGIM(FM): 103.7 MHz, 100 kW, ant. 554 ft.; KNBZ(FM): 97.7 MHz, 100 kW, ant. 561 ft.
FORMAT: KGIM(AM): Country; KQKD(AM): Country/Talk; KGIM(FM): Country; KNBZ(FM): Hot AC
COMMENT: Part of a reorganization by the Ingstad family.

FMs

KAST(FM) Astoria, Ore.
PRICE: $8 million
BUYER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO) owns 101 other stations, none in this market
SELLER: New Northwest Broadcasters LLC (Pete Benedetti, president/CEO)
FACILITIES: 92.9 MHz, 99 kW, ant. 571 ft.
FORMAT: Soft Rock
KTPK(FM) Topeka, Kan.
PRICE: $5.7 million
BUYER: JMJ Broadcasting Co. (Herbert M. McCord, president); owns one other station, not in this market
SELLER: Kansas Capital Broadcasting (Berl Brechner, president)
FACILITIES: 106.9 MHz, 100 kW, ant. 1,211 ft.
FORMAT: Country
BROKER: Media Venture Partners
KREB(FM) Huntsville (Fayetteville), Ark.
PRICE: $3.9 million
BUYER: Davidson Media Group (Peter Davidson, president); owns 10 other stations, none in this market
SELLER: Butler Broadcasting Co. LLC (Stephen Butler, president)
FACILITIES: 99.5 MHz, 14 kW, ant. 443 ft.
FORMAT: Spanish/Variety Hits

AMs

WKAT(AM) North Miami (Miami-Ft. Lauderdale-Hollywood), Fla.
PRICE: $10 million
BUYER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO); owns 101 other stations, none in this market
SELLER: Classical 1360 LLC (Christopher Korge, managing director)
FACILITIES: 1360 kHz, 5 kW day/1 kW night
FORMAT: Classical
WPLC(AM) Silver Spring (Washington), Md.
PRICE: $4 million
BUYER: Bonneville International Corp. (Bruce T. Reese, president/CEO); owns 37 other stations, including WTOP(AM) and FM, WGMS(FM), WWVZ(FM) and WWZZ(FM) Washington
SELLER: Metro Radio Inc. (Bruce A. Houston, president)
FACILITIES: 1050 kHz, 1 kW day/44 W night
FORMAT: Business News/Talk
KCZZ(AM) Mission (Kansas City), Kan.
PRICE: $3.9 million
BUYER: Davidson Media Group (Peter Davidson, president); owns 10 other stations, none in this market
SELLER: HMEB Communications LLC (Dave Mackay,
operations director)
FACILITIES: 1480 kHz, 1 kW day/500 W night
FORMAT: Spanish/Variety
WRTP(AM) Chapel Hill, WRTG(AM) Garner (Raleigh-Durham) and WGSB(AM) Mebane (Greensboro-Winston Salem-High Point), N.C.
PRICE: $1.1 million
BUYER: Rodriquez, Estuardo (Estuardo Valdemar Rodriguez, joint tenant); owns four other stations, none in this market
SELLER: Radio Training Network Inc. (James L. Campbell, president/CEO)
FACILITIES: WRTP(AM): 1530 kHz, 10kW; WRTG(AM): 1000 kHz, 1 kW; WGSB(AM): 1060 kHz, 1 kW
FORMAT: WRTP(AM): Christian Contemporary; WRTG(AM): Christian Contemporary; WGSB(AM): Christian Contemporary
KRNR(AM) Roseburg, Ore.
PRICE: $900,000
BUYER: Brooke Communications Inc. (Patrick Markham, president); owns four other stations, including KQEN(AM) and KRSB(FM) Roseburg
SELLER: Douglas County Tricasters (Faye Johnson, president)
FACILITIES: 1490 kHz, 1 kW
FORMAT: Country
KWKC(AM) and KZQQ(AM) Abilene, Texas
PRICE: $550,000
BUYER: Abilene Radio Corp. (David Boyll, president); owns no other stations
SELLER: Dynamic Broadcasting Co. (Adrian L. Mynatt Jr., president);
FACILITIES: KWKC(AM): 1340 kHz, 1 kW; KZQQ(AM): 1560 kHz, 500 W day/45 W night
FORMAT: KWKC(AM): News/ Talk; KZQQ(AM): Adult Standards

Station Sales Scorecard
Number value (000) Number value (000)
2004 YTD* 2003 Total
Source: BIA Financial Network
*As of 10/20/04
Television 65 $415,738 70 $500,601
Radio 701 $1,613,836 880 $2,324,227

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

 

Alert to All Users of the Disqus commenting system:
Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Here's a URL about the issue:
http://engineering.disqus.com/2014/04/10/heartbleed.html

 

April
May