News Articles

Deals

10/20/2006 08:00:00 PM Eastern

TVs

KCNS(TV) San Francisco; WSAH(TV) Bridgeport, Conn.; WMFP(TV) Lawrence, Mass.; WRAY(TV) Wilson, N.C.; WOAC(TV) Canton, Ohio
PRICE: $170 million
BUYER: Multicultural Television Broadcasting Inc. (Arthur Liu, president/CEO)
SELLER: E.W. Scripps Co. (Kenneth Lowe, president/CEO)
BROKER: Cobb Corp. LLC
FACILITIES: KCNS(TV): Ch. 38, 5,000 kW, ant. 1,444 ft.; WSAH(TV): Ch. 43, 2,290 kW, ant. 510 ft.; WMFP(TV): Ch. 62, 5,000 kW, ant. 610 ft.; WRAY(TV): Ch. 30, 1,800 kW, ant. 1,768 ft.; WOAC(TV): Ch. 67, 5,000 kW, ant. 486 ft.
AFFILIATION: All: Shop At Home
WAAY(TV) Huntsville, Ala.
PRICE: $41.645 million
BUYER: Southern Broadcast Corp. (Manny Calvo, president/GM)
SELLER: Piedmont Television (Paul Brissette, president/CEO)
FACILITIES: Ch. 31, 1,120 kW, ant. 1,791 ft.
BROKER: Wachovia Capital Markets LLC
AFFILIATION: ABC
KSPR(TV) Springfield, Mo.
PRICE: $20.629 million
BUYER: Perkin Media LLC (William Perkin, sole member)
SELLER: Piedmont Television (Paul Brissette, president/CEO)
FACILITIES: Ch. 33, 5,000 kW, ant. 1,955 ft.
AFFILIATION: ABC
BROKER: Wachovia Capital Markets LLC
COMMENT: Perkin Media will immediately operate the station via an LMA. KY3 Inc. will provide shared services and advertising representation.
WDYB(LP) Daytona Beach, W22DB Gainesville, WMVJ(LP) Melbourne, WPXG(LP) Orlando, WWWF(LP) Tallahassee, Fla.; WKYV(LP) Keysville, Va.
PRICE: $2.15 million
BUYER: ZGS Broadcast Holdings Inc. (Ronald Gordon, president/CEO)
SELLER: Tiger Eye Broadcasting Corp. (John Kyle II, president/CEO)
FACILITIES: WDYB(LP): Ch. 53, 11.3 kW, ant. 197 ft.; W22DB: Ch. 22, 87 kW, ant. 312 ft.; WMVJ(LP): Ch. 29, 150 kW, ant. 426 ft.; WPXG(LP): Ch. 31, 30 kW, ant. 412 ft.; WWWF(LP): Ch. 47, 150 kW; WKYV(LP): Ch. 45, 50 kW
AFFILIATION: WDYB(LP): Ind.; WMVJ(LP): Ind.; WPXG(LP): Ind.
W62CW San Juan, P.R.
PRICE: $800,000
BUYER: Hector Marcano Martinez
SELLER: Aureo A. and Juan Carlos Matos Barreto, general partners
FACILITIES: Ch. 62, 4.6 kW, ant. 968 ft.
W40BE Andalusia, Ala.
PRICE: $40,000
BUYER: Ericca Hawsey
SELLER: Loflin Childrens Trust-One, Two and Four (David Loflin, trustee)
FACILITIES: Ch. 40, 1 kW, ant. 351 ft.
AFFILIATION: Ind.
K42HE Fort Bragg, K22HB Mammoth Lakes, Calif.
PRICE: $35,000
BUYER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
SELLER: U S Interactive LLC (Dean Mosely, CEO)
FACILITIES: K42HE: Ch. 42, 0.10 kW, ant. 440 ft.; K22HB: Ch. 22, 1.26 kW, ant. -766 ft.

Combos

WUPM(FM) Ironwood, Mich.; WHRY(AM) Hurley, Wis.
PRICE: $1.4 million
BUYER: Bay Broadcasting Inc. (Jerry Hackman, president); owns two other stations, none in this market
SELLER: Big G Little O Inc. (Charles Gervasio, president)
FACILITIES: WUPM(FM): 106.9 MHz, 53 kW, ant. 495 ft.; WHRY(AM): 1450 kHz, 1 kW
FORMAT: WUPM(FM): Hot AC; WHRY(AM): Oldies
COMMENT: In addition to purchase price, Bay Broadcasting will make a $150,000 non-compete payment to Charles Gervasio.
WHZQ(FM) Cross Hill and WCRS(AM) Greenwood, S.C.
PRICE: $800,000
BUYER: Peregon (Jonathan Perez, president); owns one other station, not in this market
SELLER: Pro-Com Communications LLC (Wayne Shortridge, managing member)
FACILITIES: WHZQ(FM): 94.1 MHz, 4 kW, ant. 417 ft.; WCRS(AM): 1450 kHz, 1 kW
FORMAT: WHZQ(FM): Country; WCRS(AM): Adult Standards/Talk
BROKER: H. David Hedrick of H. David Hedrick
WLEM(AM) and WQKY(FM) Emporium, Pa.
PRICE: $700,000
BUYER: Salter Communications Inc. (John Salter, president); owns no other stations
SELLER: Priority Communications Inc. (Jay Philippone, president/owner)
FACILITIES: WLEM(AM): 1250 kHz, 3 kW day/30 W night; WQKY(FM): 98.9 MHz, 2 kW, ant. 548 ft.
FORMAT: WLEM(AM): Country; WQKY(FM): Classic Hits

FMs

KFKF(FM) Kansas City, Kan.; KBEQ(FM), KCKC(FM) and KMXV(FM) Kansas City, Mo.; WAZU(FM) Circleville, WLVQ(FM) Columbus and WHOK(FM) Lancaster (Columbus), Ohio
PRICE: $138 million
BUYER: Wilks Broadcast Group LLC (Jeffrey Wilks, CEO); owns 11 other stations, none in this market
SELLER: CBS Radio (Joel Hollander, chairman/CEO)
FACILITIES: KFKF(FM): 94.1 MHz, 100 kW, ant. 994 ft.; KBEQ(FM): 104.3 MHz, 100 kW, ant. 988 ft.; KCKC(FM): 102.1 MHz, 100 kW, ant. 1,119 ft.; KMXV(FM): 93.3 MHz, 100 kW, ant. 1,066 ft.; WAZU(FM): 107.1 MHz, 3 kW, ant. 328 ft.; WLVQ(FM): 96.3 MHz, 18 kW, ant. 751 ft.; WHOK(FM): 95.5 MHz, 21 kW, ant. 761 ft.
FORMAT: KFKF(FM): Country; KBEQ(FM): Country; KCKC(FM): AC; KMXV(FM): CHR; WAZU(FM): Rock; WLVQ(FM): AOR/Classic Rock; WHOK(FM): Country
BROKER: Michael J. Bergner of Bergner and Co.
WJBR(FM) Wilmington, Del.
PRICE: $42 million
BUYER: Beasley Broadcast Group (George Beasley, chairman/CEO); owns 43 other stations, none in this market
SELLER: NextMedia Group Inc. (Steven Dinetz, president/CEO)
FACILITIES: 99.5 MHz, 50 kW, ant. 499 ft.
FORMAT: AC
BROKER: Peter Handy of Star Media Group, Inc.
KZLZ(FM) Kearny (Tucson), Ariz.
PRICE: $4.75 million
BUYER: KZLZ LLC (Ronald Cameron, member); owns no other stations
SELLER: Todd Robinson
FACILITIES: 105.3 MHz, 50 kW, ant. 492 ft.
FORMAT: Mexican
KWWV(FM) Santa Margarita (San Luis Obispo), Calif.
PRICE: $2 million
BUYER: Mapleton Communications LLC (Adam Nathanson, president/CEO); owns 34 other stations, including KYNS(AM), KPYG(FM), KXDZ(FM), KXTY(FM) and KXTZ(FM) San Luis Obispo
SELLER: Salisbury Radio LLC (Anne Salisbury, member)
FACILITIES: 106.1 MHz, 1 kW, ant. 1,447 ft.
FORMAT: CHR
BROKER: American General Media Corp.
COMMENT: In a related deal, Salisbury is selling KXTY(FM) Morro Bay, Calif., to Mapleton for $1 million cash. Escrow deposit on both deals is $150,000, which will be disbursed to SBC at KXTY closing and credited against the KXTY purchase price. At the KWWV closing, buyer will pay seller the KWWV purchase price in cash. Price includes four-year non-compete payment.
KXTY(FM) Morro Bay (San Luis Obispo), Calif.
PRICE: $1 million
BUYER: Mapleton Communications LLC (Adam Nathanson, president/CEO); owns 34 other stations, including KYNS(AM), KPYG(FM), KWWV(FM), KXDZ(FM) and KXTZ(FM) San Luis Obispo
SELLER: Salisbury Broadcasting Corp. (Charles Salisbury Jr., president/director)
FACILITIES: 99.7 MHz, 285 W, ant. 1,490 ft.
FORMAT: Talk/Sports
BROKER: American General Media Corp.
COMMENT: See item above.
WFBZ(FM) Trempealeau, Wis.
PRICE: $850,000
BUYER: Sparta-Tomah Broadcasting (Zel Rice II, president); owns two other stations, none in this market
SELLER: S&S Broadcasting LLC (Michael Schmitz, member)
FACILITIES: 105.5 MHz, 2 kW, ant. 532 ft.
FORMAT: Sports
WXKY(FM) Stanford, Ky.
PRICE: $800,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 161 other stations, none in this market
SELLER: Jonathan Smith
FACILITIES: 96.3 MHz, 5 kW, ant. 732 ft.
FORMAT: Christian Contemporary
COMMENT: Deal was originally filed in August 2004.

AMs

WJGR(AM) and WZNZ(AM) Jacksonville, Fla.
PRICE: $1.8 million
BUYER: Chesapeake-Portsmouth Broadcasting Corp. (Nancy Epperson, president); owns five other stations, none in this market
SELLER: Salem Communications Corp. (Edward Atsinger III, president/CEO)
FACILITIES: WJGR(AM): 1320 kHz, 5 kW; WZNZ(AM): 1460 kHz, 5 kW
FORMAT: WJGR(AM): News/Talk; WZNZ(AM): Sports
WSSA(AM) Morrow (Atlanta), Ga.
PRICE: $1.75 million
BUYER: Sheridan Broadcasting Corp. (Ronald Davenport Jr., president); owns five other stations, none in this market
SELLER: Saints Inc. (Anthony St. Cyr, president)
FACILITIES: 1570 kHz, 5 kW day/50 W night
FORMAT: Gospel
KEVT(AM) Cortaro (Tucson), Ariz.
PRICE: $1.5 million
BUYER: Slone Broadcasting (James Slone, managing member); owns no other stations
SELLER: One Mart Corp. (Armando Zamora, president)
FACILITIES: 1030 kHz, 10 kW day/1 kW night
FORMAT: Mexican
BROKER: Kalil and Co. Inc.
WZAZ(AM) Jacksonville, Fla.
PRICE: $1 million
BUYER: Chesapeake-Portsmouth Broadcasting Corp. (Nancy Epperson, president); owns seven other stations, including WJGR(AM) and WZNZ(AM) Jacksonville
SELLER: Salem Communications Corp. (Edward Atsinger III, president/CEO)
FACILITIES: 1400 kHz, 1 kW
FORMAT: Gospel
WNRR(AM) Augusta, Ga.
PRICE: $689,000
BUYER: Traditions Group Broadcasting LLC (Jeffrey Baker, member/manager); owns no other stations
SELLER: Eastern Broadcasting Group Inc. (Michael Sbuttoni, president)
FACILITIES: 1230 kHz, 1 kW
FORMAT: Talk/Sports
BROKER: John Willis of Satterfield and Perry

Information provided by:

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

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