News Articles

Changing Hands

10/31/2004 07:00:00 PM Eastern

TVs

KKCO Grand Junction and K50EZ Montrose, Colo.
PRICE: $13.5 million
BUYER: Gray Television Inc. (Robert S. Prather Jr., president/ COO/director)
SELLER: Eagle III Broadcasting LLC (William Varecha, managing member)
FACILITIES: KKCO: Ch. 11, 155 kW, ant. 1463 ft.; K50EZ: Ch. 50, 8.07 kW
AFFILIATION: KKCO: NBC; K50EZ: NBC
W52DG Christiansted, V.I.
PRICE: $7,100
BUYER: Frontline Missions International (Anthony W. Whitehead, executive director)
SELLER: Trinity Broadcasting Network (Paul F. Crouch, president)
FACILITIES: Ch. 52, 2.5 kW
AFFILIATION: TBN
WLDM Tuscaloosa, Ala.
PRICE: Donation
BUYER: University of Alabama (Dr. Robert E. Witt, president)
SELLER: Channel 23 LLC (Steven B. Fader, managing member)
FACILITIES: Ch. 23, 8901 kW, ant. 873 ft.
AFFILIATION: Ind.
KMCE(LP) Monterey, Calif.
PRICE: Undisclosed
BUYER: KMCE Inc. (Martin Jackson, president)
SELLER: Scotts Valley Group (M.J. Jackson, president)
FACILITIES: Ch. 43, 55.1 kW
WGZT(LP) Key West, Fla.
PRICE: Undisclosed
BUYER: Jeanette Towne-Nolte (Jeanette Towne-Nolte, applicant)
SELLER: Good Samaritan Communications of Pioche Inc. (Michael Augustus, president)
FACILITIES: Ch. 27, 4 kW
AFFILIATION: Ind.

Combos

WDLC(AM) and WTSX(FM) Port Jervis (Newburgh-Middletown), N.Y.
PRICE: $4 million
BUYER: PJ Radio LLC (James Morley, member); owns no other stations
SELLER: Port Jervis Broadcasting Co. (Rick Musselman, general manager)
FACILITIES: WDLC(AM): 1490 kHz, 1 kW; WTSX(FM): 96.7 MHz, 3 kW, ant. 299 ft.
FORMAT: WDLC(AM): Oldies; WTSX(FM): Oldies
WHSB(FM) Alpena, WCLS(FM) Oscoda, WHAK(AM) and WHAK(FM) Rogers City, Mich.
PRICE: $1.35 million
BUYER: Edwards Communications LC (Jerry Edwards, president); owns four other stations, none in this market
SELLER: Northern Radio Network Corp. (Robert Currier, president)
FACILITIES: WHSB(FM): 107.7 MHz, 100 kW, ant. 610 ft; WCLS(FM): 100.7 MHz, 21 kW, ant 361 ft.; WHAK(AM): 960 kHz, 5 kW day/136 W night; WHAK(FM): 99.9 MHz, 50 kW, ant. 476 ft.
FORMAT: WHSB(FM): AC; WCLS(FM): AC; WHAK(AM): Talk; WHAK(FM): Oldies
KAWL(AM) and KTMX(FM) York, Neb.
PRICE: $1 million
BUYER: MWB Broadcasting LLC (Mark G. Jensen, president/manager); owns no other stations
SELLER: Prairie States Broadcasting (Tommy L. Gleason, president)
FACILITIES: KAWL(AM): 1370 kHz, 500 W day/176 W night; KTMX(FM): 104.9 MHz, 13 kW, ant. 974 ft.
FORMAT: KAWL(AM): Rock & Roll/Oldies; KTMX(FM): AC

FMs

KNGY(FM) Alameda (San Francisco), Calif.
PRICE: $33.64 million
BUYER: Flying Bear Media, (Joe Bayliss, manager of LLC); owns no other stations
SELLER: 3 Points Media LLC (Bruce Buzil, manager)
FACILITIES: 92.7 MHz, 4 kW, ant. 420 ft.
FORMAT: Dance
KVLC(FM) Hatch, N.M.
PRICE: $1.3 million
BUYER: Bravo Mic LLP (Ned Bennett); owns no other stations
SELLER: Radio Property Development (Bill Friel, chairman)
FACILITIES: 101.1 MHz, 100 kW, ant. 1034 ft.
FORMAT: Oldies
BROKER: Ray Rosenblum
WNNV(FM) San German, P.R.
PRICE: $1 million
BUYER: Centro Cristiano de Restauracion de Cabo Rojo Inc. (Alfredo Pabon Bracero, president); owns no other stations
SELLER: West Coast Broadcasting (Aurio Matos Chaparro, president)
FACILITIES: 91.7 MHz, 5 kW, ant. 364 ft.
FORMAT: Spanish/Religion/Variety
WMBP(FM) Belpre (Parkersburg-Marietta), Ohio; WVRP(FM) Ripley, W.Va.
PRICE: $700,000
BUYER: Educational Media Foundation (Richard Jenkins, president) owns 111 other stations, none in this market
SELLER: Lower Ohio Valley Education Corp. (Tony Atkinson, president)
FACILITIES: WMBP(FM): 91.9 MHz, 5 kW, ant. 325 ft.; WVRP(FM): 90.7 MHz, 3 kW, ant. 328 ft.
FORMAT: WMBP(FM): Christian Contemporary; WVRP(FM): Christian Contemporary
BROKER: Greg Guy of Patrick Communications
COMMENT: Educational Media Foundation operates the stations under an LMA as of Nov. 1.
WSKV(FM) Stanton, Ky.
PRICE: $650,000
BUYER: Moore Country 104 LLC, (Anderson Moore, member); owns no other stations
SELLER: Parks Broadcasting Co. Inc. (Janice Parks, president)
FACILITIES: 104.9 MHz, 720 W, ant. 679 ft.
FORMAT: Country
KHBQ(FM)(CP) Kalispell, Mont.
PRICE: $95,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 112 other stations, none in this market
SELLER: Broadcasting for the Challenged Inc. (George S. Flinn Jr., president)
FACILITIES: 88.7 MHz, 100 kW, ant. 400 ft.
FORMAT: CP—NOA
KBPU(FM) De Queen, Ark.
PRICE: Swap
BUYER: Radio Assist Ministry Inc. (Clark Parrish, president); owns two other stations, neither in this market
SELLER: IHR Educational Broadcasting (Douglas Sherman, president)
FACILITIES: 88.7 MHz, 250 W, ant. 122 ft.
FORMAT: Religion
COMMENT: No cash consideration is involved in this swap.

AMs

WSDS(AM) Salem Township (Ann Arbor), Mich.
PRICE: $1.5 million
BUYER: Birach Broadcasting Corp. (Sima Birach, president); owns 11 other stations, none in this market
SELLER: Koch Broadcasting (George Koch, president)
FACILITIES: 1480 kHz, 750 W day/4 kW night
FORMAT: Country

Clarification

The price for the acquisition
of Midcontinent Media's KELO(AM), KWSN(AM), KELO(FM), KRRO(FM) and KTWB(FM) Sioux Falls. S.D., (10/04, page 28) by Backyard Broadcasting was $28.5 million.

INFORMATION PROVIDED BY: BIA Financial Networks' Media Access Pro, Chantilly, VA., www.bia.com

Station Sales Scorecard
2004 YTD* Number 2004 YTD* Value (000) 2003 Total Number 2003 Total Value (000)
Source: BIA Financial Networks *As of 10/27/04
Television 67 $429,238 70 $500,601
Radio 721 $1,688,644 880 $2,324,227
September
October