News Articles

Deals

6/16/2006 08:00:00 PM Eastern

TVs

WATL (TV) Atlanta
PRICE: $180 million
BUYER: Gannett Co. Inc. (Roger Ogden, president/CEO, broadcasting)
SELLER: Tribune Co. (Dennis FitzSimons, president/CEO)
FACILITIES: Ch. 36, 2,690 kW, ant. 1,027 ft.
AFFILIATION: The WB
WTVK(TV) Naples, Fla.
PRICE: $45 million
BUYER: Sun Broadcasting Inc. (Joseph Schwartzel, president/secretary/treasurer/director)
SELLER: Acme Communications Inc. (Jamie Kellner, chairman/CEO)
FACILITIES: Ch. 46, 5,000 kW, ant. 1,496 ft.
AFFILIATION: The WB
KPMC(LP) Bakersfield, Calif.
PRICE: $5 million
BUYER: McGraw-Hill Broadcasting (Ed Quinn, president)
SELLER: Gary M. Cocola Family Trust (Gary Cocola, CEO)
FACILITIES: Ch. 42, 150 kW
AFFILIATION: AZT
KRZG(CA) McAllen, Texas
PRICE: $1.625 million
BUYER: Una Vez Mas LLC (Randy Nonberg, COO)
SELLER: Mako Communications LLC (Sean Mintz, president)
FACILITIES: Ch. 35, 14 kW, ant. 323 ft.
AFFILIATION: TLF
W39BZ Maxville, Fla.
PRICE: $800,000
BUYER: Equity Broadcasting Corp. (Greg Fess, senior VP/COO)
SELLER: Cathleen D. Hancock (Cathleen Hancock, owner/manager)
FACILITIES: Ch. 33, 150 kW, ant. 627 ft.
W67DP Columbia and W49AN Myrtle Beach, S.C.
PRICE: $750,000
BUYER: WBHQ Columbia LLC (Stefanie Rein, managing member)
SELLER: Dove Broadcasting Co. (James Thompson, president)
FACILITIES: W67DP: Ch. 67, 21.2 kW; W49AN: Ch. 41, 50 kW, ant. 600 ft.
AFFILIATION: W67DP: The WB; W49AN: The WB
WHDS(LP) Savannah, Ga.; W47CK Shallotte, N.C.
PRICE: $750,000
BUYER: WBHQ Columbia LLC (Stefanie Rein, managing member)
SELLER: Carolina Christian Broadcasting Inc. (James Thompson, president)
FACILITIES: WHDS(LP): Ch. 20, 12 kW; W47CK: Ch. 47, 13 kW
AFFILIATION: WHDS(LP): Ind.; W47CK: Ind.
WGAP(LP) Nashville
PRICE: $525,000
BUYER: Equity Broadcasting (Greg Fess, senior VP/COO)
SELLER: South Central Communications Corp. (John Engelbrecht, president/CEO)
FACILITIES: Ch. 26, 11.9 kW
WUHQ(LP) Grand Rapids, Mich.
PRICE: $350,000
BUYER: Equity Broadcasting Corp. (Greg Fess, senior VP/COO)
SELLER: P&P Cable Holdings Inc. (Robert Naismith, VP)
FACILITIES: Ch. 29, 40 kW
BROKER: Hadden and Associates Media Brokers and SynCom Media Group
K30DN Freeport, Texas
PRICE: $277,000
BUYER: Broadcasting Systems Inc. (Wallace Springstead, CEO)
SELLER: Gerald R. Proctor (Gerald Proctor, president)
FACILITIES: Ch. 30, 150 kW, ant. 476 ft.
WQAW(LP) Lake Shore, Md.
PRICE: $200,000
BUYER: Una Vez Mas LLC (Randy Nonberg, COO)
SELLER: Michael Mintz
FACILITIES: Ch. 69, 150 kW
W28CP Summerland Key, Fla.; K16GH McAlester, Okla.; K44GW Hereford and KZFB(LP) Pampa, Texas; K14LV Cheyenne, Wyo.
PRICE: $187,500
BUYER: Iglesia JesuCristo Es Mi Refugio Inc. (Roberto Gomez, president)
SELLER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
FACILITIES: W28CP: Ch. 28, 60 kW, ant. 496 ft.; K16GH: Ch. 16, 7 kW, ant. 493 ft.; K44GW: Ch. 44, 3 kW, ant. 301 ft.; KZFB(LP): Ch. 34, 120 kW, ant. 276 ft.; K14LV: Ch. 14, 11.2 kW, ant. 129 ft.
KYUM(LP) Yuma, Ariz.
PRICE: $160,000
BUYER: Centro Cristiano Vida Abundante Inc. (Manuel Sanchez, president)
SELLER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
FACILITIES: Ch. 2, 0.10 kW
AFFILIATION: Ind.
K64GW Durant, Okla.; K18HC Plainview, Texas
PRICE: $75,000
BUYER: Iglesia JesuCristo Es Mi Refugio Inc. (Roberto Gomez, president)
SELLER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
FACILITIES: K64GW: Ch. 64, 20 kW, ant. 189 ft.; K18HC: Ch. 18, 1 kW, ant. 329 ft.
K61VC Mullin, Texas
PRICE: $75,000
BUYER: Una Vez Mas LLC (Randy Nonberg, COO)
SELLER: Mako Communications LLC (Sean Mintz, president)
FACILITIES: Ch. 61, 150 kW
K61HS Amarillo, Texas
PRICE: $20,435
BUYER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
SELLER: Inspiration Television Inc. (George Sebastian, president)
FACILITIES: Ch. 61, 20 kW, ant. 371 ft.
K38JG Anchorage, Alaska
PRICE: $20,000
BUYER: Dan Etulain
SELLER: Charles C. Townsend III
FACILITIES: Ch. 38, 20 kW, ant. 102 ft.

Combos

KBLG(AM), KRKX(FM), KRZN(FM) and KYYA(FM) Billings, KXTL(AM), KAAR(FM) and KMBR(FM) Butte, KIKF(FM) Cascade, KQDI(AM), KXGF(AM), KQDI(FM), KAAK(FM) and KINX(FM) Great Falls, KXDR(FM) Hamilton, KGRZ(AM), KYLT(AM), KGGL(FM) and KZOQ(FM) Missoula, KBQQ(FM) Pinesdale, Mont.; KZPH(FM) Cashmere, KYSN(FM) East Wenatchee, KWWW(FM) Quincy, KAAP(FM) Rock Island, KWWX(AM) Wenatchee, Wash.
PRICE: $33.3 million
BUYER: Cherry Creek Radio LLC (Joseph Schwartz, CEO/president); owns 45 other stations, including KMON(AM), KLFM(FM) and KVVR(FM) Great Falls
SELLER: Fisher Radio Regional Group (Larry Roberts, president/CEO)
FACILITIES: KBLG(AM): 910 kHz, 1 kW day/64 W night; KRKX(FM): 94.1 MHz, 100 kW, ant. 591 ft.; KRZN(FM): 96.3 MHz, 100 kW, ant. 696 ft.; KYYA(FM): 93.3 MHz, 100 kW, ant. 699 ft.; KXTL(AM): 1370 kHz, 5 kW; KAAR(FM): 92.5 MHz, 5 kW, ant. 1,805 ft.; KMBR(FM): 95.5 MHz, 50 kW, ant. 1,821 ft.; KIKF(FM): 104.9 MHz, 94 kW, ant. 2,038 ft.; KQDI(AM): 1450 kHz, 720 W; KXGF(AM): 1400 kHz, 680 W; KQDI(FM): 106.1 MHz, 100 kW, ant. 371 ft.; KAAK(FM): 98.9 MHz, 100 kW, ant. 482 ft.; KINX(FM): 107.3 MHz, 94 kW, ant. 2,038 ft.; KXDR(FM): 98.7 MHz, 100 kW, ant. 417 ft.; KGRZ(AM): 1450 kHz, 1 kW; KYLT(AM): 1340 kHz, 1 kW; KGGL(FM): 93.3 MHz, 43 kW, ant. 2,549 ft.; KZOQ(FM): 100.1 MHz, 14 kW, ant. 2,103 ft.; KBQQ(FM): 106.7 MHz, 38 kW, ant. 2,090 ft.; KZPH(FM): 106.7 MHz, 6 kW, ant. -240 ft.; KYSN(FM): 97.7 MHz, 9 kW, ant. -98 ft.; KWWW(FM): 96.7 MHz, 440 W, ant. 1,034 ft.; KAAP(FM): 99.5 MHz, 5 kW, ant. -82 ft.; KWWX(AM): 1340 kHz, 1 kW
FORMAT: KBLG(AM): News/Talk/Sports; KRKX(FM): Classic Rock; KRZN(FM): Rock; KYYA(FM): Hot AC; KXTL(AM): Oldies; KAAR(FM): Country; KMBR(FM): Classic Rock; KIKF(FM): Country; KQDI(AM): Talk; KXGF(AM): Nostalgia; KQDI(FM): Classic Rock; KAAK(FM): Top 40; KINX(FM): Rock; KXDR(FM): CHR; KGRZ(AM): Sports/Talk; KYLT(AM): Talk; KGGL(FM): Country; KZOQ(FM): Classic Rock; KBQQ(FM): Oldies; KZPH(FM): Classic Rock; KYSN(FM): Country; KWWW(FM): Hot AC; KAAP(FM): AC; KWWX(AM): Mexican
BROKER: Kalil and Co. Inc.
KKIN(AM) and KKIN(FM) Aitkin, KFGI(FM) Crosby, KGHS(AM) and KSDM(FM) International Falls, Minn.; WLMX(FM) Balsam Lake, WHSM(AM) and WHSM(FM) Hayward, WXCX(FM) Siren, Wis.
PRICE: $7.5 million
BUYER: Red Rock Radio Corp. (Ro Grignon, president); owns seven other stations, none in this market
SELLER: Alan Quarnstrom
FACILITIES: KKIN(AM): 930 kHz, 3 kW day/360 W night; KKIN(FM): 94.3 MHz, 14 kW, ant. 436 ft.; KFGI(FM): 101.5 MHz, 25 kW, ant. 328 ft.; KGHS(AM): 1230 kHz, 460 W day/230 W night; KSDM(FM): 104.1 MHz, 9 kW, ant. 171 ft.; WLMX(FM): 104.9 MHz, 22 kW, ant. 348 ft.; WHSM(AM): 910 kHz, 5 kW day/75 W night; WHSM(FM): 101.1 MHz, 2 kW, ant. 413 ft.; WXCX(FM): 105.7 MHz, 6 kW, ant. 328 ft.
FORMAT: KKIN(AM): Adult Standard; KKIN(FM): Country; KFGI(FM): Country; KGHS(AM): AC; KSDM(FM): Country; WLMX(FM): Hot AC; WHSM(AM): Classic Hits; WHSM(FM): AC; WXCX(FM): Oldies
BROKER: Michael McHugh and Patrick Nugent of Broadcast Media Partners
KTAM(AM) and KORA(FM) Bryan, KXCS(FM) Cameron and KZTR(FM) Franklin (Bryan-College Station), Texas
PRICE: $3.95 million
BUYER: Brazos Valley Communications Ltd (Tommy Vascocu, partner); owns no other stations
SELLER: Equicom Inc. (Glenn Hicks, president)
FACILITIES: KTAM(AM): 1240 kHz, 380 W; KORA(FM): 98.3 MHz, 900 W, ant. 528 ft.; KXCS(FM): 103.9 MHz, 25 kW, ant. 696 ft.; KZTR(FM): 101.9 MHz, 25 kW, ant. 328 ft.
FORMAT: KTAM(AM): Spanish/Variety; KORA(FM): Country; KXCS(FM): Rock; KZTR(FM): Soft AC
BROKER: Tracy Cohen
WQHH(FM) Dewitt, WXLA(AM) Dimondale (Lansing-East Lansing), Mich.
PRICE: $3.65 million
BUYER: MacDonald Broadcasting Co. (Kenneth MacDonald Jr., owner/CEO); owns six other stations, including WILS(AM) and WHZZ(FM) Lansing-East Lansing
SELLER: Mid-Michigan FM Inc. (Helena Dubose, president)
FACILITIES: WQHH(FM): 96.5 MHz, 6 kW, ant. 322 ft.; WXLA(AM): 1180 kHz, 10 kW
FORMAT: WQHH(FM): Urban; WXLA(AM): Urban/Oldies

FMs

WJZT(FM) Woodville (Tallahassee), Fla.
PRICE: $2.3 million
BUYER: Vernon D. Smith; owns one other station, not in this market
SELLER: 97.9 WJZT FM Inc. (Ernest Petrone, president)
FACILITIES: 97.9 MHz, 6 kW, ant. 313 ft.
FORMAT: Smooth Jazz
WRJH(FM) Brandon (Jackson), Miss.
PRICE: $1.95 million
BUYER: Roberts Broadcasting Companies (Steven Roberts, member); owns no other stations
SELLER: On Top Communications (Bryan Rice, chief restructuring officer)
FACILITIES: 97.7 MHz, 6 kW, ant. 289 ft.
FORMAT: Urban
BROKER: Patrick Communications
WNLE(FM) Fernandina Beach (Jacksonville), Fla.
PRICE: $1 million
BUYER: West Jacksonville Baptist Church Inc. (Rodney Kelley, president); owns no other stations
SELLER: Nassau Baptist Ministries Inc. (Robert Moughton, VP)
FACILITIES: 91.7 MHz, 32 kW, ant. 223 ft.
FORMAT: Gospel

AMs

WDJA(AM) Delray Beach (West Palm Beach-Boca Raton), Fla.
PRICE: $2.17 million
BUYER: Vega Investment Group LLC (Richard Vega, manager/member); owns no other stations
SELLER: Treasure and Space Coast Radio (Mitchell Rubenstein, CEO/director)
FACILITIES: 1420 kHz, 5 kW day/500 W night
FORMAT: Adult Standard
COMMENT: Treasure and Space Coast Radio's Quality Broadcasting Corp. (QBC) is assigning to Vega Investment Group (VIG) rights and obligations under a James Crystal Delray Beach Inc. deal with QBC. Purchase price includes an amount equal to the lesser of 100% of the accounts receivable or $20,000.
WXGI(AM) Richmond, Va.
PRICE: $1.4 million
BUYER: Red Zebra Broadcasting LLC (Bennett Zier, president/CEO); owns three other stations, none in this market
SELLER: Gee Communications (David Gee, president/owner)
FACILITIES: 950 kHz, 4 kW day/45 W night
FORMAT: Sports
KSMM(AM) Shakopee (Minneapolis-St. Paul), Minn.
PRICE: $1.2 million
BUYER: Broadcast One Inc. (Yong Kim, president); owns no other stations
SELLER: Starboard Media Foundation (John Bitting, COO)
FACILITIES: 1530 kHz, 9 kW day/10 W night
FORMAT: Christian Contemporary

Station Sales ScoreCard
2006 YTD* 2005 YTD
Number Value (000) Number Value (000)
Television 43 $1,924,100 86 $2,842,439
Radio 435 $3,360,184 888 $2,831,404
Source: BIA Financial Networks *As of 6/14/06

Information provided by:BIA Financial Networks' Media Access Pro. Chantilly, Va., www.bia.com 718-818-2425

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