News Articles

Changing Hands

5/11/2003 08:00:00 PM Eastern

WJER-FM Dover and WJER(AM) Dover-New Philadelphia, Ohio
PRICE: $4.3 million
BUYER: Clear Channel Communications (John Hogan, CEO Radio); No. 1 group owns 1,204 other stations, none in this market
SELLER: WJER Radio Inc. (Gary A. Petricola, president)
FACILITIES: WJER-FM: 101.7 MHz, 3 kW, ant. 328 ft.; WJER-AM: 1450 kHz, 1 kW
BROKER: Robert Chaisson of Chaisson & Co. Inc.
KHLO-AM and KKBG-FM Hilo, KLEO-FM Kahaluu, and KKOA-FM Volcano, Hawaii
PRICE: $2.2 million
BUYER: Pacific Radio Group Inc. (Richard C. Bergson, president); owns five other stations, none in this market
SELLER: Maverick Media (Gary Rozynek, president/COO)
FACILITIES: KHLO-AM: 850 kHz, 5 kW; KKBG-FM: 97.9 MHz, 30 kW, ant. –240 ft.; KLEO-FM: 106.1 MHz, 7 kW, ant. 2,996 ft.; KKOA-FM: 107.7 MHz, 18 kW, ant. 236 ft.
BROKER: Joe Rapchak of Blackburn & Co. Inc. and Tony Rizzo of Blackburn & Co. Inc.
KKCS-FM Colorado Springs, Colo.
PRICE: $18 million
BUYER: Superior Broadcasting (Chris Devine, president); owns one other station, not in this market
SELLER: Walton Stations (John B. Walton Jr., president)
FACILITIES: 101.9 MHz, 72 kW, ant. 2,280 ft.
FORMAT: Country
BROKER: Doug Ferber of Star Media Group Inc.
KNHK-FM Reno, Nev.
PRICE: $4.25 million
BUYER: NextMedia Group (Skip Weller, president/COO); owns 59 other stations, including KJZS-FM, KRZQ-FM, KSRN-FM and KTHX-FM Reno
SELLER: Citadel Communications Corp. (Farid Suleman, CEO)
FACILITIES: 92.9 MHz, 45 kW, ant. 2,654 ft.
FORMAT: Classic Rock
NEW FM(CP) Grass Valley (Sacramento), Calif.
PRICE: $960,000
BUYER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO); owns 88 other stations, including KFIA-AM, KTKZ-AM and KKFS-FM Sacramento
SELLER: Grass Valley Broadcasting LLC (Amador S. Bustos, managing member)
FACILITIES: 103.3 MHz, 500 W, ant. 1,079 ft.
WWWK-FM Marathon, Fla.
PRICE: $540,000
BUYER: Vox Media Corp. (Jeff Shapiro, COO); owns 33 other stations, including WAVK-FM Marathon
SELLER: Gary Violet
FACILITIES: 97.7 MHz, 2 kW, ant. 200 ft.
KTCJ-FM Centerville, Texas
PRICE: $450,000
BUYER: Good Samaritan Communications Inc. (Michael Augustus, president); no other broadcast interests
SELLER: Gerald R. Proctor
FACILITIES: 105.9 MHz, 25 kW, ant. 328 ft.
KNOR-FM Healdton, Okla.
PRICE: $380,000
BUYER: On the Air Inc. (Patrick Ownbey, president); no other broadcast interests
SELLER: Witko Broadcasting LLC (Dick Wilkowski, president)
FACILITIES: 97.7 MHz, 25 kW, ant. 328 ft.
FORMAT: Country
WJNS-FM Yazoo City (Jackson), Miss.
PRICE: $350,000
BUYER: Family Worship Center Church Inc. (Jimmy Swaggart, member); owns 15 other stations, none in this market
SELLER: Willis Broadcasting Corp. (Levi E. Willis, president)
FACILITIES: 92.1 MHz, 20 kW, ant. 358 ft.
FORMAT: Gospel
BROKER: Wally Tucker of MGMT Services Inc.
KZNX-FM Astoria, Ore.; KZOE-FM Longview, Wash.
PRICE: $135,000
BUYER: WAY FM Media Group Inc. (Robert D. Augsburg, president); owns five other stations, none in this market
SELLER: Columbia Heights Assembly of God
FACILITIES: KZNX-FM: 89.7 MHz, 200 W, ant. 1,027 ft.; KZOE-FM: 90.3 MHz, 500 W, ant. 784 ft.
FORMAT: KZNX-FM: Religion; KZOE-FM: Inspiration
WAIT(AM) Crystal Lake (Chicago), Ill.
PRICE: $8.25 million
BUYER: NewsWeb Corp. (Charles Groos, COO); owns three other stations, including WCFJ-AM, WCSN-AM and WSBC(AM) Chicago
SELLER: NextMedia Group (Skip Weller, president/COO)
FACILITIES: 850 kHz, 3 kW
FORMAT: News/Talk
BROKER: Bob Heymann of Broadcasting Asset Management Corp. and Jack Minkow of Broadcasting Asset Management Corp.
KKGT(AM) Portland, Ore.
PRICE: $1.25 million
BUYER: Bustos Media Holdings LLC (Amador S. Bustos); owns two other stations, including KMUZ(AM) Portland
SELLER: William Sizemore
FACILITIES: 1150 kHz, 5 kW day/47 W night

Station Sales Scorecard
2003 YTD* 2002 total
Number Value (000) Number Value (000)
Source: BIA Financial Networks *Through May 7
Television 12 $521,881 92 $2,493,142
Radio 310 $1,005,283 816 $5,397,298

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


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