News Articles

Changing Hands

5/18/2003 08:00:00 PM Eastern

TVs
KFTL-TV Stockton, Calif.
PRICE: $65 million
BUYER: Univision Communications Inc. (A. Jerrold Perenchio, chairman/CEO)
SELLER: Family Stations Inc. (Harold Camping, president)
FACILITIES: Ch. 64, 1,950 kW, ant. 2,868 ft.
AFFILIATION: Ind.
COMMENT: Deal with Univision's Telefutura Television Group includes translator stations K15ET Fresno, K02OA Chico, and K54ED Redding, all Calif.
KLSB-TV Nacogdoches, Texas
PRICE: $2.575 million
BUYER: Media Venture Management Inc. (Brian E. Cobb, president)
SELLER: Paul T. Lucci
FACILITIES: Ch. 19, 4,270 kW, ant. 1,499 ft
AFFILIATION: NBC
COMMENT: Communications Corp. of America assigned its option to purchase the station to Cobb.
Combos
WPDR(AM) and WDDC-FM Portage (Madison), Wis.
PRICE: $1.1 million
BUYER: Zoe Communications (Michael Oberg, president); owns four other stations, none in this market
SELLER: Kramer Broadcasting (Ed Kramer, president)
FACILITIES: WPDR(AM): 1350 kHz, 1 kW day/41 W night; WDDC-FM: 100.1 MHz, 3 kW, ant. 374 ft.
FORMAT: WPDR(AM): Talk/AC; WDDC-FM: Country
KELY(AM) and KCLS-FM Ely, Nev.
PRICE: $211,951
BUYER: Reed Inc. (Bryan D. Reed, president); no other broadcast interests
SELLER: Virtual Concepts (Michael Davis, individual)
FACILITIES: KELY(AM): 1230 kHz, 250 W; KCLS-FM: 101.7 MHz, 480 W, ant. 804 ft.
FORMAT: KELY(AM): Oldies; KCLS-FM: AC
COMMENT: Reed Inc. is forgiving the debt owed by Virtual Concepts in purchase of the stations in 2001
WTMB(AM), WBOG-FM and WXYM-FM Tomah, Wis.
PRICE: Undisclosed price
BUYER: Family Radio Inc. (Dick Record, president); owns six other stations, none in this market
SELLER: Magnum Radio Inc. (David R. Magnum, president)
FACILITIES: WTMB(AM): 1460 kHz, 1 kW; WBOG-FM: 94.5 MHz, 8 kW, ant. 564 ft.; WXYM-FM: 96.1 MHz, 44 kW, ant. 525 ft.
FORMAT: WTMB(AM): Adult Standard; WBOG-FM: Oldies; WXYM-FM: Hot AC
BROKER: Kalil and Co. Inc.
COMMENT: These stations and three others were sold for a combined total of $4.334 million. Family Radio was originally supposed to purchase all six but assigned its rights to three stations to Mid-West Family.
FMS
WJTW-FM Joliet (Chicago), Ill.
PRICE: $32 million
BUYER: Hispanic Broadcasting Corp. (McHenry Tichenor, Jr., president/CEO); owns seven other stations, none in this market
SELLER: Superior Broadcasting (Chris Devine, president)
FACILITIES: 93.5 MHz, 3 kW, ant. 276 ft.
FORMAT: AC
BROKER: Peter Handy of Star Media Group Inc.
COMMENT: Includes an upgrade to improve the signal over Chicago. This deal occurs after Superior purchased the option to buy the station from NextMedia Group for $21 million (see below).
WJTW-FM Joliet (Chicago)
PRICE: $21 million
BUYER: Superior Broadcasting (Chris Devine, president); owns WVIV-FM Chicago
SELLER: NextMedia Group (Skip Weller, president/COO)
FACILITIES: 93.5 MHz, 3 kW, ant. 276 ft.
FORMAT: AC
BROKER: Peter Handy of Star Media Group Inc.
COMMENT: See above
AMs
WAMG(AM) Boston
PRICE: $8.6 million
BUYER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO); owns 89 other stations, including WEZE(AM) and WROL(AM) Boston
SELLER: Mega Communications Inc. (Adam Lindemann, chairman/president/CEO)
FACILITIES: 1150 kHz, 5 kW
FORMAT: Spanish/Variety
WBEE(AM) Harvey (Chicago), Ill.
PRICE: $1.78 million
BUYER: M. & K. Gallagher (Michael Gallagher, owner); owns one other station, not in this market
SELLER: Mariner Broadcasters Inc. (Charles Sherrell, president)
FACILITIES: 1570 kHz, 1 kW day/500 W night
FORMAT: Jazz/Gospel

Station Sales Scorecard
2003 YTD* 2002
Number Value (000) Number Value (000)
Source: BIA Financial Networks
*Through May 14
Television 14 $218,138 92 $2,493,292
Radio 329 $1,145,768 815 $5,396,459

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

 

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