News Articles

Deals

3/20/2005 07:00:00 PM Eastern

TVs

KBLR(TV) Paradise and K14MA Pahrump, Nev.
PRICE: $32.1 million
BUYER: NBC/GE (Jay Ireland, president, TV stations)
SELLER: Summit Media LP (Scott Gentry, GM)
FACILITIES: KBLR: Ch. 39, 1,320 kW, ant. 1,171 ft.; K14MA: Ch. 14, 10 kW
AFFILIATION: KBLR: Telemundo
BROKER: Tucker, Midis & Associates

Combos

WXRX(FM) Belvidere (Rockford), WFRL(AM) and WFPS(FM) Freeport, WNTA(AM) Rockford, WGFB(FM) Rockton and WYHY(FM) Winnebago (Rockford), Ill.
PRICE: $27 million
BUYER: Maverick Media LLC (Gary Rozynek, president/COO); owns 15 other stations, none in this market
SELLER: RadioWorks Inc. (Robert Rhea Jr., president)
FACILITIES: WXRX(FM): 104.9 MHz, 4 kW, ant. 400 ft.; WFRL(AM): 1570 kHz, 5 kW day/500 W night; WFPS(FM): 92.1 MHz, 4 kW, ant. 423 ft.; WNTA(AM): 1330 kHz, 1 kW day/91 W night; WGFB(FM): 103.1 MHz, 1 kW, ant. 525 ft.; WYHY(FM): 95.3 MHz, 1 kW, ant. 512 ft.
FORMAT: WXRX(FM): Rock; WFRL(AM): Adult Standard; WFPS(FM): Country; WNTA(AM): News/Talk/Oldies; WGFB(FM): AC; WYHY(FM): Classic Hits
BROKER: Doug Ferber of Star Media Group Inc. and Dan Duman of York Street Partners WBUS(FM) Boalsburg (State College) and WRSC(AM) State College, Pa.
PRICE: $2.65 million
BUYER: Forever Broadcasting Inc. (Carol Logan, president); owns 32 other stations, including WMAJ(AM), WBHV(FM), WLTS(FM) and WOWY(FM) State College
SELLER: 2510 Licenses LLC (Nicholas A. Galli, managing member)
FACILITIES: WBUS(FM): 93.7 MHz, 330 W, ant. 1,362 ft.; WRSC(AM): 1390 kHz, 2 kW day/1 kW night
FORMAT: WBUS(FM): Classic Rock; WRSC(AM): News/Talk/Sports WSPO(AM) Johnstown, WUZI(FM) Portage and WUZY(FM) Somerset (Johnstown), Pa.
PRICE: $2.5 million
BUYER: 2510 Licenses LLC (Nicholas A. Galli, managing member); owns five other stations, including WYSN(AM) and WCCL(FM) Johnstown
SELLER: Forever Broadcasting Inc. (Carol Logan, president)
FACILITIES: WSPO(AM): 1490 kHz, 1 kW; WUZI(FM): 105.7 MHz, 3 kW, ant. 322 ft.; WUZY(FM): 97.7 MHz, 4 kW, ant. 430 ft.
FORMAT: WSPO(AM): News/Talk/Sports; WUZI(AM): Classic Hits; WUZY(FM): Classic Hits WBRN(AM) and WBRN(FM) Big Rapids, Mich.
PRICE: $850,000
BUYER: Mentor Partners Inc. (Jeffrey Scarpelli, president/director); owns one other station, WYBR(FM) Big Rapids
SELLER: RH Communications Inc. (Robert Hampson, president)
FACILITIES: WBRN(AM): 1460 kHz, 5 kW day/3 kW night; WBRN(FM): 100.9 MHz, 6 kW, ant. 318 ft.
FORMAT: WBRN(AM): News/Talk/Sports; WBRN(FM): Classic Rock

FMs

KFLX(FM) Kachina Village, KSED(FM) Sedona and KWMX(FM) Williams (Flagstaff-Prescott), Ariz.
PRICE: $5.03 million
BUYER: Grenax Broadcasting LLC (Greg Dinetz, president); owns one other station, not in this market
SELLER: Red Rock Communications Limited (Thomas S. Rockler, president)
FACILITIES: KFLX(FM): 105.1 MHz, 5 kW, ant. 1,457 ft.; KSED(FM): 107.5 MHz, 100 kW, ant. 1,463 ft.; KWMX(FM): 96.7 MHz, 11 kW, ant. 1,066 ft.
FORMAT: KFLX(FM): Rock; KSED(FM): Country; KWMX(FM): Oldies
BROKER: The Exline Co. WDNB(FM) Jeffersonville, N.Y.; WYCY(FM) Hawley, WPSN(AM) and WDNH(FM) Honesdale, Pa.;
PRICE: $4 million
BUYER: Bold Gold Media Group Inc. (Vince Benedetto, president/secretary/treasurer); owns no other stations
SELLER: De Wit Media Group (Robert H. Mermell, president)
FACILITIES: WDNB(FM): 102.1 MHz, 6 kW, ant. 253 ft.; WYCY(FM): 105.3 MHz, 3 kW, ant. 479 ft.; WPSN(AM): 1590 kHz, 3 kW; WDNH(FM): 95.3 MHz, 2 kW, ant. 456 ft.
FORMAT: WDNB(FM): News; WYCY(FM): Classic Hits; WPSN(AM): Variety; WDNH(FM): AC WWSY(FM) Seelyville and WMGI(FM) Terre Haute, Ind.
PRICE: $3.39 million
BUYER: Midwest Communications Inc. (Duke E. Wright, president); owns 36 other stations, none in this market
SELLER: Bright Tower Communications (Bob Swanson, GM)
FACILITIES: WWSY(FM): 95.9 MHz, 4 kW, ant. 397 ft.; WMGI(FM): 100.7 MHz, 50 kW, ant. 499 ft.
FORMAT: WWSY(FM): Hot AC; WMGI(FM): CHR
BROKER: Greg Guy of Patrick Communications WGLU(FM) Ebensburg and WQKK(FM) Johnstown, Pa.
PRICE: $2.73 million
BUYER: Forever Broadcasting Inc. (Carol Logan, president); owns 32 other stations, including WNTJ(AM), WNTW(AM), WKYE(FM) and WMTZ(FM) Johnstown
SELLER: 2510 Licenses LLC (Nicholas A. Galli, managing member)
FACILITIES: WGLU(FM): 99.1 MHz, 50 kW, ant. 499 ft.; WQKK(FM): 92.1 MHz, 580 W, ant. 1,043 ft.
FORMAT: WGLU(FM): CHR; WQKK(FM): Rock WIRP(FM) Pennsuco (Miami-Ft. Lauderdale- Hollywood), Fla.
PRICE: $1.69 million
BUYER: Genesis Broadcasting Network Corp. (Edwin Lemuel Ortiz, president); owns one other station, not in this market
SELLER: Centro Internacional Apostolico Inc. (Vincent Valedon, president)
FACILITIES: 88.3 MHz, 6 kW, ant. 282 ft.
FORMAT: Spanish/Christian WHIR(FM) DANVILLE, KY.
PRICE: $1 million
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 121 other stations, none in this market
SELLER: Baldwin Broadcasting (Vernon Baldwin, president)
FACILITIES: 107.1 MHz, 5 kW, ant. 157 ft.
FORMAT: Country KURY(AM) and KURY(FM) Brookings, Ore.
PRICE: $775,000
BUYER: Eureka Broadcasting Co. (Hugo Papstein, president); owns three other stations, none in this market
SELLER: KURY Radio Inc. (Vern Garvin, owner)
FACILITIES: KURY(AM): 910 kHz, 1 kW day/37 W night; KURY(FM): 95.3 MHz, 9 kW, ant. 1,165 ft.
FORMAT: KURY(AM): Nostalgia; KURY(FM): MOR/AC

AMs

Leadin DLWGUL(AM) Dunedin (Tampa-St. Petersburg- Clearwater) and WLSS(AM) Sarasota (Sarasota- Bradenton), Fla.
PRICE: $9.5 million
BUYER: Salem Communications Corp. (Edward G. Atsinger III, president/CEO); owns 104 other stations, including WTBN(AM) and WTWD(AM) Tampa-St. Petersburg-Clearwater
SELLER: WGUL FM Inc. (Carl Marcocci, CEO/chairman)
FACILITIES: WGUL(AM): 860 kHz, 5 kW day/2 kW night; WLSS(AM): 930 kHz, 5 kW day/3 kW night
FORMAT: WGUL(AM): AC; WLSS(AM): News/Talk WAMG(AM) Dedham and WLLH(AM) Lowell (Boston), Mass.
PRICE: $9 million
BUYER: WallerSutton 2000 LP; owns no other stations
SELLER: Mega Communications Inc. (Adam Lindemann, chairman/president/CEO)
FACILITIES: WAMG(AM): 890 kHz, 25 kW day/3 kW night; WLLH(AM): 1400 kHz, 1 kW
FORMAT: WAMG(AM): Spanish/Tropical/Variety; WLLH(AM): Spanish/Tropical/Variety
BROKER: Kalil and Co. Inc. WPBS(AM) Conyers (Atlanta), Ga.
PRICE: $2.25 million
BUYER: Pacific Star Broadcasting Inc. (Charlie S. Kim, president); owns no other stations
SELLER: Christ In You The Hope of Glory Church Inc. (Franklin D. Walden Sr., president)
FACILITIES: 1040 kHz, 12 kW
FORMAT: Christian
BROKER: John Pierce of John Pierce and Co. WSRF(AM) Fort Lauderdale (Miami-Ft. Lauderdale- Hollywood), Fla.
PRICE: $1.75 million
BUYER: Alliance Broadcasting Network Inc. (Emmanuel Cherubin, president); owns one other station, WAVS(AM) Miami-Ft. Lauderdale-Hollywood
SELLER: Inner City Broadcasting Corp. (Pierre Sutton, CEO)
FACILITIES: 1580 kHz, 10 kW day/5 kW night
FORMAT: Ethnic
BROKER: Frank Boyle of Frank Boyle and Co LLC

Station Sales ScoreCard
Number Value (000) Number Value (000)
2005 (YTD)* 2004 (YTD)
SOURCE: BIA Financial Networks
*As of 3/16/05
Television 9 $143,550 66 $896,723
Radio 205 $478,437 847 $1,838,393

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

 

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