News Articles

Changing Hands

10/17/2004 08:00:00 PM Eastern

TVs

WTVO Rockford, Ill.
PRICE: $20,750,000
BUYER: Mission Broadcasting Inc.
(David Smith, president)
SELLER: Young Broadcasting Inc.
(Vincent J. Young, chairman/CEO)
FACILITIES: Ch. 17, 646 kW, ant. 666
ft.
AFFILIATION: UPN
KTWO(TV) Casper, Wyo.
PRICE: $1,700,000
BUYER: K-TWO TV of WY Inc. (Cheryl
Kaupp, president)
SELLER: Equity Broadcasting Corp.
(Steven Soldinger, VP, television)
FACILITIES: Ch. 2, 100 kW, ant, 2001
ft.
AFFILIATION: ABC
KMOL(LP) Victoria, Texas
PRICE: $200,000
BUYER: Saga Communications Inc. (Ed
Christian, president/ CEO)
SELLER: Cyril H. Miller (Cyril H.
Miller, sole proprietor)
FACILITIES: Ch. 17, 50 kW
K09VO Beaumont, Texas
PRICE: Undisclosed
BUYER: Fountain Television Corp.
(Jerry Powell, president/ CEO)
SELLER: Beaumont Broadcasting Corp.
(Steven Mortonson, CFO)
FACILITIES: Ch. 9, 0.059 kW

Combos

KHCK(AM) Dallas (Dallas-Ft. Worth), KOBT(FM)
Winnie (Houston-Galveston), Texas; KSFB(FM) San Rafael (San Francisco);
WZFS(FM) Des Plaines (Chicago), Ill.

PRICE: Swap
BUYER: Univision Communications Inc.
(A. Jerrold Perenchio, chairman/CEO); owns 68 other stations, including
KSOL(FM) San Francisco and WRTO(AM), WOJO(FM), WVIV(FM) and WVIX(FM)
Chicago.
SELLER: Salem Communications Corp.
(Edward G. Atsinger, president/CEO)
FACILITIES: KHCK(AM): 1480 kHz, 5 kW
day/2 kW night; KOBT(FM): 100.7 MHz, 100 kW, ant. 1,952 ft.; KSFB(FM): 100.7
MHz, 130 W, ant. 2,047 ft.; WZFS(FM): 106.7 MHz, 50 kW, ant. 423 ft.
FORMAT: KHCK(AM): Spanish/
Tejano/Sports; KOBT(FM): Spanish/Tropical/Variety; KSFB(FM) Christian
Contemporary; WZFS(FM): Christian Contemporary
COMMENT: Salem is exchanging WZFS(FM)
Des Plaines, Ill., and KSFB(FM) San Raphael, Calif., for Univision
Communications' WIND(AM) Chicago; KOBT(FM) Winnie, Texas; KHCK(AM) Dallas; and
KOSL(FM) Jackson, Calif.
KOSL(FM) Jackson (Sacramento), Calif.; WIND(AM)
Chicago

PRICE: Undisclosed
BUYER: Salem Communications Corp.
(Edward G. Atsinger, president/CEO); owns 96 other stations, including
KFIA(AM), KTKZ(AM), KCEE(FM) and KKFS(FM) Sacramento and WYLL(AM) Chicago
SELLER: Univision Communications Inc.
(A. Jerrold Perenchio, chairman/CEO)
FACILITIES: KOSL(FM): 94.3 MHz, 4 kW,
ant. 791 ft.; WIND(AM): 560 kHz, 5 kW.
FORMAT: KOSL(FM): Spanish/ Mexican;
WIND(AM): Spanish AC.

FMs

NEW (FM)(CP) Dripping Springs (Austin),
Texas

PRICE: $50,000
BUYER: Legacy Austin Broadcasting
Foundation Inc. (Robert L. Hand, president); owns one other station, not in
this market
SELLER: Media for the Holy Family
Foundation (J.A. Martinez, chairman)
FACILITIES: 91.9 MHz, 6kW, ant 276
ft.
FORMAT: CP—NOA
WLUP(FM) Chicago
PRICE: Swap
BUYER: Emmis Communications (Jeffrey
H. Smulyan, chairman/CEO); owns 24 other stations, including WKQX(FM)
Chicago
SELLER: Bonneville International
Corp. (Bruce T. Reese, president/CEO)
FACILITIES: 97.9 MHz, 4 kW, ant.
1,394 ft.
FORMAT: Classic Rock
COMMENT: Bonneville is trading its
WLUP(FM) Chicago plus $70 million cash for Emmis' KKLT(FM), KMVP(AM) and
KTAR(AM) Phoenix.
KBAA(FM) San Francisco
PRICE: Undisclosed
BUYER: Spanish Broadcasting System
(Raul Alarcon Jr., president); owns 19 other stations, none in this market.
SELLER: Infinity Broadcasting (Joel
Hollander, president/COO)
FACILITIES: 93.3 MHz, 50 kW, ant. 492
ft.
FORMAT: AC
COMMENT: Infinity Broadcasting will
merge KBAA(FM) into Spanish Broadcasting System for 10% equity interest and
will also receive warrants to increase equity stake by another 5%.
WJLF(FM) Gainesville (Gainesville-Ocala),
Fla.

PRICE: Undisclosed
BUYER: Radio Training Network Inc.
(James L Campbell,
president); owns 13 other stations, including WHIJ(FM)
Gainesville-Ocala
SELLER: First Assembly of God (Arnold
Lastinger, president/ chairman)
FACILITIES: 91.7 MHz, 2 kW, ant. 400
ft.
FORMAT: Christian Contemporary
WFFN(FM) Cordova (Birmingham),
Ala.

PRICE: Undisclosed
BUYER: Apex Broadcasting Inc.
(Houston L. Pearce, chairman); owns five other stations, none in this
market
SELLER: New Century Radio (Vachel L.
Posey Jr., president)
FACILITIES: 95.3 MHz, 5 kW, ant. 354
ft.
FORMAT: Oldies
COMMENT: New Century Radio, whose
majority shareholder is Pearce, is assigning station WFFN(FM) to Apex
Broadcasting, a company that Pearce wholly owns. The consideration paid
consists of those expenses arising out of construction of the facilities
related to the change in the community of license from Cordova to Coaling,
Ala.
WZRU(FM) Roanoke Rapids, N.C.
PRICE: Swap
BUYER: Radio Training Network Inc.
(James L Campbell, president); owns 12 other stations, none in this market
SELLER: Roanoke Valley Communications
Inc. (Brian Lewis, vice president)
FACILITIES: 88.5 MHz, 100kW, ant. 479
ft.
FORMAT: NPR
COMMENT: Roanoke Valley
Communications and Radio Training Network are filing two 314 Assignment
applications concurrently to swap Roanoke Valley's WZRU(FM) for Radio Training
Network's WRTP(FM) (see below).
WRTP(FM) Roanoke Rapids, N.C.
PRICE: Swap
BUYER: Roanoke Valley Communications
Inc. (Brian Lewis, vice president); owns one other station, not in this
market
SELLER: Radio Training Network Inc.
(James L Campbell, president)
FACILITIES: 90.1 MHz, 11 kW, ant. 486
ft.
FORMAT: Christian Contemporary
COMMENT: See item above.

Station Sales Scorecard
2004 YTD* 2003 Total
Number Value (000) Number Value (000)
Source: BIA Financial Networks *As of 10/13/04
Television 65 $415,738 70 $500,601
Radio 683 $1,556,611 880 $2,324,227

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

www.bia.com

March