News Articles

Changing Hands

1/26/2003 07:00:00 PM Eastern

CombosKBTC(AM) and KUNQ-FM Houston, Mo.PRICE: $300,000BUYER: Quorum Radio Partners (Todd Fowler, chairman/CEO);owns seven other stations, none in this marketSELLER: Metropolitan Radio Group Inc. (Mark Acker, president)FACILITIES: KBTC(AM): 1250 kHz, 1 kW day 51 W night; KUNQ-FM: 99.3 MHz, 30 kW, ant. 604 ft.FORMAT: KBTC(AM): Country/ Blue Grass/Gospel; KUNQ-FM: Country/Blue Grass GospelKPWB(AM) and KPWB-FM Piedmont, Mo.PRICE: $100,000BUYER: Dockins Communications Inc. (Fred M. Dockins Sr., president); owns two other stations, neither in this marketSELLER: Hunt Broadcasting Group Inc. (Steven Fuchs, owner)FACILITIES: KPWB(AM): 1140 kHz, 1 kW day; KPWB-FM: 104.9 MHz, 4 kW ant. 856 ft.FORMAT: KPWB(AM): Country; KPWB-FM: CountryWCVA(AM) and WCUL-FM Culpeper, Va.PRICE: Swap (see item below)BUYER: Piedmont Communications Inc. (John Schick, president); owns one other station, not in this marketSELLER: Joyner Radio Inc. (A. Thomas Joyner, president treasurer)FACILITIES: WCVA(AM): 1490 kHz, 680 ft.; WCUL-FM: 103.1 MHz, 600 W, ant. 1,027 ft.FORMAT: WCVA(AM): Nostalgia; WCUL-FM: CountryFMsWKIE-FM Arlington Heights, WDEK-FM De Kalb and WKIF-FM Kankakee (Chicago), Ill.PRICE: $22 millionBUYER: Spanish Broadcasting System (Raul Alarcon Jr., president); owns 24 other stations, including WLEY-FM Chicago.SELLER: Big City Radio (Charles Fernandez, president CEO)FACILITIES: WKIE-FM: 92.7 MHz, 2 kW, ant. 381 ft.; WDEK-FM: 92.5 MHz, 20 kW, ant. 489 ft.; WKIF-FM: 92.7 MHz, 3 kW, ant. 328 ft.FORMAT: WKIE-FM: Spanish AC; WDEK-FM: Spanish AC; WKIF-FM: Spanish ACKCSX-FM Lee's Summit (Kansas City), Mo.PRICE: $2.6 millionBUYER: First Broadcasting Co. LP (Gary M. Lawrence, president/vice chairman); owns four other stations, none in this marketSELLER: Best Broadcasting Inc. (Phillip A. Chirillo, president)FACILITIES: 97.3 MHz, 55 kW, ant. 1,171 ft.FORMAT: CountryCOMMENT: Purchase price was based on the station's move from Mobley, Mo., to Lee's Summit, which allows the station to cover the Kansas City marketKWSZ-FM Lompoc (Santa Maria-Lompoc), Calif.PRICE: $1.05 millionBUYER: Mapleton Communications LLC (Michael Menerey, president); owns 22 other stations, none in this marketSELLER: Coast West Broadcasting Corp. (Brian E. Costello, president)FACILITIES: 105.1 MHz, 420 W, ant. 1,217 ft.FORMAT: Lite RockWQYZ-FM Ocean Springs (Biloxi-Gulfport-Pascagoula), Miss.PRICE: $1.29 millionBUYER: Star Broadcasting Inc. (Ronald E. Hale Jr., president); no other broadcast interestsSELLER: Golden Gulf Coast Broadcast (Lawrence Steelman, president)FACILITIES: 92.5 MHz, 6 kW, ant. 322 ft.FORMAT: '70s and '80sCOMMENT: Star Broadcasting will immediately transfer the station to Clear Channel as part of a swap deal for WTKE-FM Holt, Fla.KMGR-FM Delta, UtahPRICE: $1.25 millionBUYER: 3 Points Media LLC (Bruce Buzil, manager); owns five other stations, none in this marketSELLER: Canyon Media (Kent Frandsen, director)FACILITIES: 95.7 MHz, 100 kW, ant. 7 ft.FORMAT: Soft ACKGZH-FM Nyssa, Ore.PRICE: $1 millionBUYER: Educational Media Foundation (Richard Jenkins, president); owns 58 other stations, none in this marketSELLER: First Western Inc. (G.W. Gilbert, president/director)FACILITIES: 98.7 MHz, 100 kW, ant. 968 ft.FORMAT: CountryKZHR-FM Dayton (Richland-Kennewick-Pasco), Wash.PRICE: $1 millionBUYER: Commonwealth Communications LLC (Dex Allen, president); owns 23 other stations, including KONA(AM) and -FM Richland-Kennewick-Pasco.SELLER: Bridge Broadcasting Inc. (Ralph Broetje, president)FACILITIES: 92.5 MHz, 54 kW, ant. 1,243 ft.FORMAT: SpanishWSOH-FM New Washington (Louisville), Ind.PRICE: $950,000BUYER: Evangel Schools Inc. (Gregory A. Holt, vice president); owns one other station, WJIE-FM LouisvilleSELLER: Lifetalk Broadcasting Association (Phil Follett, president)FACILITIES: 88.3 MHz, 1 kW, ant. 272 ft.FORMAT: ChristianWFBZ-FM Trempealeau, Wis.PRICE: $520,000BUYER: S&S Broadcasting LLC (Michael W. Schmitz, member); no other broadcast interestsSELLER: Riverview Communications (Pat Delaney, president)FACILITIES: 105.5 MHz, 2 kW, ant. 532 ft.FORMAT: AlternativeKKOL-FM Hampton, Ark.PRICE: $250,000BUYER: Noalmark Broadcasting Corp. (William C. Nolan Jr. president); owns 13 other stations, none in this marketSELLER: Equity Broadcasting Corp. (Gordon W. Heiges, vice president)FACILITIES: 106.5 MHz, 18 kW, ant. 302 ft.FORMAT: OldiesWMGO-FM Yazoo City (Jackson), Miss.PRICE: $207,500BUYER: SSR Communications Inc. (Matthew K. Wesolowski, officer); no other broadcast interestsSELLER: WMGO Broadcasting Corp. (Jerry Louseau, president/CEO)FACILITIES: 93.1 MHz, 4 kW, ant. 394 ft.FORMAT: OldiesWJMA-FM Orange (Fredericksburg), Va.PRICE: Swap (see item above)BUYER: Joyner Radio Inc. (A. Thomas Joyner, president treasurer); owns four other stations, none in this marketSELLER: Piedmont Communications Inc. (John Schick, president)FACILITIES: 98.9 MHz, 3 kW, ant. 322 ft.FORMAT: CountryCOMMENT: At the request of Joyner Broadcasting, Piedmont has filed a petition to change WJMA-FM's city of license from Orange to Midlothian, Va., and upgrade the station from a Class A to a Class B1.WTKE-FM Holt (Pensacola), Fla.PRICE: SwapBUYER: Star Broadcasting Inc. (Ronald E. Hale Jr., president); no other broadcast interestsSELLER: Clear Channel Communications (John Hogan, CEO Radio)FACILITIES: 98.1 MHz, 100 kW, ant. 482 ft.FORMAT: SportsCOMMENT: Clear Channel is swapping WTKE-FM Holt, Fla., for Star Broadcasting's WQYZ-FM Ocean Springs. Star Broadcasting purchased WQYZ-FM and immediately spun the station to Clear ChannelAMsKSDO(AM) San DiegoPRICE: $10 millionBUYER: Hi-Favor Broadcasting LLC (Roland Hinz, president); owns three other stations, including KURS(AM) San DiegoSELLER: Chase Radio Partners (Tony Case, CEO)FACILITIES: 1130 kHz, 10 kWFORMAT: TalkKCUV(AM) Englewood (Denver-Boulder), Colo.PRICE: $3.32 millionBUYER: Newspaper Radio Corp. (Tim Brown, chairman/CEO); owns one other station, KNRC(AM) Denver-BoulderSELLER: Radio Unica (Joaquin Blaya, chairman)FACILITIES: 1150 kHz, 10 kW day/1 kW nightFORMAT: Spanish/News/TalkWJOB(AM) Hammond, Ind. (Chicago)PRICE: $3.25 millionBUYER: Starboard Broadcasting Inc. (Mark Follett, chairman/CEO); owns 12 other stations, including WWCA(AM) ChicagoSELLER: St. George Broadcasting (Robert J. Macinni, receiver)FACILITIES: 1230 kHz, 1 kWFORMAT: News/Talk/SportsBROKER: Dick Kozacko, Kozacko Media Services, and Bob Maccini, Media Services GroupWEEF(AM) Highland Park (Chicago), Ill.PRICE: $1 millionBUYER: Polnet Communications Ltd. (Kent Gustafson, vice president); owns four other stations, including WKTA(AM) and WNVR(AM) ChicagoSELLER: Leveton Communications Inc. (Howard Leveton, president)FACILITIES: 1430 kHz, 1 kW day/29 W nightFORMAT: EthnicBROKER: Broadcasting Asset Management Corp.WAAT(AM) Olyphant (Wilkes Barre-Scranton), Pa.PRICE: $170,000BUYER: Holy Family Communications (James Wright, president); owns two other stations, none in this marketSELLER: Fennessy Broadcasting Stations Corp. (Kevin M. Fennessy, president)FACILITIES: 750 kHz, 2 kWFORMAT: Religion/EthnicWCMP(AM) Pine City, Minn.PRICE: $100,000BUYER: Quest Broadcasting Inc. (Paul Estenson, owner); owns two other stations, neither in this marketSELLER: Alan QuarnstromFACILITIES: 1350 kHz, 1 kW day/52 W nightFORMAT: EasyWMGR(AM) Bainbridge, Ga.PRICE: $90,000BUYER: Decatur Broadcasting Inc. (Gordon Van Mol); no other broadcast interestsSELLER: Clear Channel Communications (John Hogan, CEO Radio)FACILITIES: 930 kHz, 5 kW day/500 W nightFORMAT: OldiesWGLL(AM) Auburn (Ft. Wayne), Ind.TERMS: DonationBUYER: Raymond & Dorothy Moore Foundation (Raymond Moore, secretary); no other broadcast interestsSELLER: Kovas Communications (Frank Kovas, president/director)FACILITIES: 1570 kHz, 500 W day/151 W nightFORMAT: DarkWQYZ-FM Ocean Springs (Biloxi-Gulfport-Pascagoula), Miss.PRICE: SwapBUYER: Clear Channel Communications (John Hogan, CEO Radio); No. 1 group owns 1,210 other stations, none in this marketSELLER: Star Broadcasting Inc. (Ronald E. Hale Jr., president)FACILITIES: 92.5 MHz, 6 kW, ant. 322 ft.FORMAT: '70s and '80sCOMMENT: Star Broadcasting is swapping WQYZ-FM for WTKE-FM Holt, Fla., immediately after buying the station from Golden Gulf Coast Broadcasting

Station Sales Decline
2001 2002
Number Value (million) Number Value (million)
Source: BIA Financial Networks
Television 113 $4,945,435 92 $2,493,142
Radio 1,033 $3,858,085 805 $5,459,826

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

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