News Articles

Deals

5/09/2008 08:00:00 PM Eastern



In this story:
TV
RADIO

TV

WVUE (TV)/New Orleans, LA.
PRICE: $41 million
BUYER: Louisiana Media Co. (Tom Benson, owner)
SELLER: Emmis Communications (Jeff Smulyan, president/CEO)
FACILITIES: Ch. 8, 316 kW, ant. 991 ft.
AFFILIATION: Fox
KTEW-CA/Ponca City, Okla.
PRICE: $375,000
BUYER: Oklahoma Broadcast Associates (Curly Corwin, president)
SELLER: Mable Marie Kelly
FACILITIES: Ch. 27, 0.689 kW, ant. 210 ft.
AFFILIATION: Ind.
COMMENT: $100K cash at closing plus $275K promissory note.

RADIO

WKCG-FM/Augusta (Augusta-Waterville), WABI-AM & WWBX-FM/Bangor, WLKE-FM/Bar Harbor, WBFB-FM/Belfast (Bangor), WCME-FM/Boothbay Harbor, WQSS-FM/Camden, WGUY-FM/Dexter, WKSQ-FM/Ellsworth (Bangor), WFAU-AM & WABK-FM/Gardiner (Augusta-Waterville), WVOM-FM/Howland (Bangor), WIGY-FM/Madison, WRKD-AM & WMCM-FM/Rockland, WFZX-FM/Searsport (Bangor) and WTOS-FM/Skowhegan (Augusta-Waterville), Maine
PRICE: $11 million
TERMS: Asset sale for cash
BUYER: Blueberry Broadcasting (Louis Vitali, president/CEO); owns no other stations
SELLER: Clear Channel (John Hogan, CEO/radio)
FACILITIES: WKCG-FM: 101.3 MHz, 50 kW, ant. 322 ft.; WABI-AM: 910 kHz, 5 kW day/night; WWBX-FM: 97.1 MHz, 7 kW, ant. 1,230 ft.; WLKE-FM: 99.1 MHz, 45 kW, ant. 397 ft.; WBFB-FM: 104.7 MHz, 10 kW, ant. 1,099 ft.; WCME-FM: 96.7 MHz, 16 kW, ant. 417 ft.; WQSS-FM: 102.5 MHz, 8 kW, ant. 1,201 ft.; WGUY-FM: 102.1 MHz, 23 kW, ant. 673 ft.; WKSQ-FM: 94.5 MHz, 12 kW, ant. 1,027 ft.; WFAU-AM: 1280 kHz, 5 kW day/night; WABK-FM: 104.3 MHz, 50 kW, ant. 371 ft.; WVOM-FM: 103.9 MHz, 90 kW, ant. 1,509 ft.; WIGY-FM: 97.5 MHz, 6 kW, ant. 328 ft.; WRKD-AM: 1450 kHz, 1 kW day/night; WMCM-FM: 103.3 MHz, 16 kW, ant. 771 ft.; WFZX-FM: 101.7 MHz, 3 kW, ant. 1,004 ft.; WTOS-FM: 105.1 MHz, 57 kW, ant. 2,451 ft.
FORMAT: WKCG-FM: AC; WABI-AM: Nostalgia; WWBX-FM: Chr.; WLKE-FM: Country; WBFB-FM: Country; WCME-FM: News/Talk; WQSS-FM: Classic Hits; WGUY-FM: Oldies; WKSQ-FM: AC; WFAU-AM: Sports; WABK-FM: Oldies; WVOM-FM: News/Talk; WIGY-FM: Sports; WRKD-AM: Sports; WMCM-FM: Country; WFZX-FM: Classic Rock; WTOS-FM: AOR
BROKER: Kalil & Co., Inc.
COMMENT: Payable in cash at closing; 10% escrow deposit.
KKMO-AM/Tacoma (Seattle-Tacoma), Wash.
PRICE: $3.69 million
TERMS: Asset sale for cash
BUYER: Intelli LLC (Tron Do, managing member); owns no other stations
SELLER: Salem Communications Corp. (Edward Atsinger III, CEO)
FACILITIES: 1360 kHz, 5 kW day/night
FORMAT: Mexican
COMMENT: Payable in cash at closing; $184,500 escrow deposit.
WGMR-FM/Tyrone (State College), Pa.
PRICE: $2.5 million
TERMS: Asset sale for cash and note
BUYER: Forever Broadcasting (Carol Logan, president); owns 35 other stations, including WRSC-AM, WMAJ-AM & FM, WBUS-FM and WQWK-FM/State College
SELLER: Allegheny Mountain Network (Cary Simpson, president)
FACILITIES: 101.1 MHz, 9 kW, ant. 1,171 ft.
FORMAT: Chr.
COMMENT: $1.1 million cash at closing; $100K escrow deposit, plus $1.4 million non-compete and consulting agreement payment, payable over 10 years.
NEW-FM(CP)/Carmel Valley (Monterey-Salinas-Santa Cruz), Calif.
PRICE: $1.87 million
TERMS: Debt forgiveness plus cash
BUYER: Lazer Broadcasting Corp. (Alfredo Plascencia, president); owns 17 other stations, including KXSM-FM & KXZM-FM/Monterey-Salinas-Santa Cruz
SELLER: Aurora Communications (John Cooper, president)
FACILITIES: 105.9 MHz, 800 W, ant. 906 ft.
FORMAT: CP-NOA
COMMENT: Total price $1,867,425, payable as follows: forgiveness and cancellation of Seller's debt with total principal value of $1.72 million, plus $147,425 cash at closing.
WSGY-FM/Pleasant Gap (State College), Pa.
PRICE: $1.2 million
TERMS: Asset sale for cash
BUYER: 2510 Licenses LLC (Nicholas Galli, managing member); owns two other stations, including WBHV-FM & WOWY-FM/State College
SELLER: Forever Broadcasting (Carol Logan, president)
FACILITIES: 98.7 MHz, 2 kW, ant. 551 ft.
FORMAT: Country

Information provided by:

BIA Financial Networks' Media Access Pro Chantilly, Va.
www.bia.com
703-818-2425



In this story:
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