Changing Hands6/27/2004 08:00:00 PM Eastern
WFLI Cleveland, Tenn.
PRICE: $8.5 million
BUYER: Meredith Corp. (Kevin O'Brien, president, broadcasting group)
SELLER: Lambert Broadcasting LLC (Michael Jones, executive vice president/CFO)
FACILITIES: Ch. 53, 3980 kW, ant. 1165 ft.
AFFILIATION: The WB
KXLT Rochester, Minn.
PRICE: $2.05 million
BUYER: SagamoreHill Broadcasting (Louis Wall,
SELLER: Shockley Communications Corp. (Terry Shockley, president)
FACILITIES: Ch. 47, 1510 kW, ant. 1125 ft.
KWYS(FM) Island Park, KECH(FM), KSKI(FM) and KYZK(FM) Sun Valley, Idaho; KWYS(AM) and KEZQ(FM) West Yellowstone, Mont.
PRICE: $3.5 million
BUYER: Chaparral Communications (Jerrold Lundquist, owner); owns six other stations, none in this market
SELLER: Alpine Broadcasting Ltd (Scott D. Parker, general partner)
FACILITIES: KWYS(FM): 102.9 MHz, 46 kW, ant. 2,733 ft.; KECH(FM): 95.3 MHz, 16 kW, ant. 1,910 ft.; KSKI(FM): 103.7 MHz, 52 kW, ant. 1,910 ft.; 107.5 MHz, 47 kW, ant. 1,910 ft.; KWYS(AM): 920 kHz, 1 kW; KEZQ(FM): 92.9 MHz, 46 kW, ant. 2,733 ft.
FORMAT: KWYS(FM): Country; KECH(FM): Classic Rock; KSKI(FM): Alternative; KYZK(FM): Tejano; KWYS(AM): Oldies; KEZQ(FM): Dark
BROKER: Clifton H. Gardiner of Clifton Gardiner and Co.
KPAY(AM) and KMXI(FM) Chico, KEWE(AM) and KHHZ(FM) Oroville, and KHSL(FM) Paradise (Chico), Calif.
PRICE: $5.1 million
BUYER: Deer Creek Broadcasting LLC (Elliot B. Evers, managing member); owns no other stations
SELLER: Clear Channel Communications (John Hogan, CEO, radio)
FACILITIES: KPAY(AM): 1290 kHz, 5 kW; KMXI(FM): 95.1 MHz, 9 kW, ant. 1,171 ft.; KEWE(AM): 1340 kHz, 1 kW; KHHZ(FM): 97.7 MHz, 2 kW, ant. 1,276 ft.; KHSL(FM): 103.5 MHz, 2 kW, ant. 1,250 ft.
FORMAT: KPAY(AM): News/ Talk/Sports; KMXI(FM): AC; KEWE(AM): Big Band; KHHZ(FM): Spanish AC; KHSL(FM): Country
WXCO(AM) and WLRK(FM) Wausau (Wausau-Stevens Point), Wis.
PRICE: $3.7 million
BUYER: Midwest Communications Inc. (Duke E. Wright, president); owns 34 other stations, including WRIG(AM), WSAU(AM), WDEZ(FM), WIFC(FM), WIZD(FM) and WOFM(FM) Wausau-Stevens Point
SELLER: Seehafer Broadcasting Corp. (Don Seehafer, president)
FACILITIES: WXCO(AM): 1230 kHz, 1 kW; WLRK(FM): 107.9 MHz, 100 kW, ant. 1,030 ft.
FORMAT: WXCO(AM): Sports; WLRK(FM): Hot AC
KSRV(AM) and KSRV(FM) Ontario, Ore.
PRICE: $2.5 million
BUYER: FM Idaho Co. LLC (Wendell M Starke, manager); owns no other stations
SELLER: Horizon Broadcasting Group LLC (Keith Shipman, CEO)
FACILITIES: KSRV(AM): 1380 kHz, 5 kW day/1 kW night; KSRV(FM): 96.1 MHz, 98 kW, ant. 709 ft.
FORMAT: KSRV(AM): News/ Talk; KSRV(FM): Country
COMMENT: Full payment of debt
WFMH(AM) Cullman and WFMH(FM) Holly Pond, Ala.
PRICE: $2.45 million
BUYER: Williams Communications Inc. (Walton E. Williams Jr., president/director); owns 11 other stations, none in this market
SELLER: Voice of Cullman (Clark P. Jones, member/manager)
FACILITIES: WFMH(AM): 1340 kHz, 670 W; WFMH(FM): 95.5 MHz, 6 kW, ant. 328 ft.
FORMAT: WFMH(AM): Sports; WFMH(FM): Country
WBLA(AM) and WGQR(FM) Elizabethtown (Fayetteville), N.C.
BUYER: Beasley Broadcast Group (George G. Beasley, chairman/CEO); owns 42 other stations, including WAZZ(AM), WTEL(AM), WFLB(FM), WKML(FM), WUKS(FM) and WZFX(FM) Fayetteville
SELLER: Sound Business of Elizabethtown Inc. (Lee Hauser, president)
FACILITIES: WBLA(AM): 1440 kHz, 5 kW day/197 W night; WGQR(FM): 105.7 MHz, 4 kW, ant. 387 ft.
FORMAT: WBLA(AM): Oldies/ Beach/Gospel; WGQR(FM): Oldies/Beach/Gospel
KBMB(FM) Sacramento, Calif.
PRICE: $16.1 million
BUYER: Entravision Holdings LLC (Walter Ulloa, chairman/ CEO); owns 52 other stations, including KCCL(FM), KRCX(FM) and KRRE(FM) Sacramento
SELLER: Diamond Radio (Paula Nelson, president)
FACILITIES: 103.5 MHz, 6 kW, ant. 312 ft.
FORMAT: Hip-Hop/Rhythm & Blues
KDBX(FM) Clear Lake, S.D.
BUYER: Waitt Radio Inc. (Steven Seline, vice-chairman); owns 42 other stations, none in this market
SELLER: Sorenson Broadcasting Corp. (Dean Sorenson, president)
FACILITIES: 107.1 MHz, 10 kW, ant. 532 ft.
FORMAT:'80s and '90s
COMMENT: Modification to an exchange agreement announced in April: Sorenson is exchanging nine of its stations (which Waitt has been programming) with seven Waitt/WMMP LLC stations, and Waitt/WMMP LLC is assigning the nine to Three Eagles of Joliet Inc. for $9.45 million. The Three Eagles assignment may not be grantable with KDBX included, and the parties desire to remove KDBX and file a separate assignment application assigning the FCC licenses for KDBX(FM) directly to Waitt Radio's WMMP LLC.
WKLU(FM) Brownsburg (Indianapolis), Ind.
PRICE: $6.2 million
BUYER: Indy Radio LLC (Russell Oasis, president); owns no other stations
SELLER: Quinn Family (Gerald Quinn, owner/president)
FACILITIES: 101.9 MHz, 4 kW, ant. 253 ft.
FORMAT: Classic Rock
BROKER: Roehling Broadcast Services Ltd
KHFX(FM) Ball and KLAA(FM) Tioga (Alexandria), La.
PRICE: $3.38 million
BUYER: Opus Media Partners LLC (Richard Linhart, chairman); owns five other stations, including KEZP(FM) Alexandria
SELLER: Cajun Communications of Texas Inc. (Roger W. Cavaness, president/ director)
FACILITIES: KHFX(FM): 105.5 MHz, 6 kW, ant. 318 ft.; KLAA(FM): 103.5 MHz, 50 kW, ant. 476 ft.
FORMAT: KHFX(FM): AC; KLAA(FM): Country
BROKER: CD Broadcasting
KTLI(FM) El Dorado (Wichita), Kan.
PRICE: $2.95 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 93 other stations, none in this market
SELLER: Stephens Family LP (Michael P. Stephens, president)
FACILITIES: 99.1 MHz, 100 kW, ant. 617 ft.
FORMAT: Christian Contemporary
BROKER: John Pierce of John Pierce and Co.
KEZP(FM) Bunkie (Alexandria), La.
PRICE: $1.83 million
BUYER: Opus Media Partners LLC (Richard Linhart, chairman); owns six other stations, including KHFX(FM) and KLAA(FM) Alexandria
SELLER: Owensville Communications (Mark Jones, owner/GM)
FACILITIES: 104.3 MHz, 18 kW, ant. 384 ft.
BROKER: CD Broadcasting
KSBC(FM) Hot Springs, Ark.
PRICE: $1.2 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 92 other stations, none in this market
SELLER: Central Arkansas Christian Broadcasting Inc. (James Hunter, president/ director)
FACILITIES: 90.1 MHz, 38 kW, ant. 971 ft.
FORMAT: Christian Contemporary
BROKER: Greg Guy of Patrick Communications
KMCO(FM) McAlester, Okla.
BUYER: Southeastern Oklahoma Radio LLC (Richard C. Lerbrance, member); owns three other stations, including KNED(AM), KTMC(AM) and KTMC(FM) McAlester
SELLER: Little Dixie Radio (Paul Brown, general manager)
FACILITIES: 101.3 MHz, 100 kW, ant. 617 ft.
WAVS(AM) Davie (Miami-Ft. Lauderdale-Hollywood), Fla.
PRICE: $2 million
BUYER: Alliance Broadcasting Network Inc. (Emmanuel Cherubin, president); owns no other stations
SELLER: Radio WAVS Inc. (Roy Bresky, president)
FACILITIES: 1170 kHz, 5 kW day/250 W night
KERI(AM) Wasco-Greenacres (Bakersfield), Calif.
PRICE: $1.83 million
BUYER: American General
Media (L. Rogers Brandon, vice president); owns 30 other stations, including KBID(AM), KERN(AM), KGEO(AM), KGFM(FM), KISV(FM) and KRFR(FM) Bakersfield
SELLER: KWSO Inc.
FACILITIES: 1180 kHz, 50 kW day/10 kW night
WMYR(AM) Fort Myers (Ft. Myers-Naples-Marco Island), Fla.
PRICE: $1.5 million
BUYER: Starboard Media Foundation Inc. (Mark Follett, chairman/CEO); owns 15 other stations, none in this market
SELLER: Robert Hecksher (Kathleen Hecksher, president)
FACILITIES: 1410 kHz, 5 kW
BROKER: Scott Krusinski and BuySellRadio Online Inc.
|Station Sales Scorecard|
|2004 YTD*||2003 TOTAL|
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|Source: BIA Financial Networks *As of 6/23/04|
Information provided by: BIA Financial Networks' Media Access Pro Chantilly, Va., www.bia.com