News Articles

Deals

12/08/2006 07:00:00 PM Eastern

TVs

W43CB Matecumbe, Fla.
PRICE: $2.45 million
BUYER: Ministerio Oscar Aguero Inc. (Oscar Aguero, president)
SELLER: Key Communications of Texas (Jerry Benavides, proprietor)
FACILITIES: Ch. 43, 120.5 kW
AFFILIATION: PBS
COMMENT: In addition to purchase price, buyer will pay an estimated $250,000 for equipment and build-out for the station, not to exceed $350,000.
KKPM(CA) Chico, Calif.
PRICE: $1.5 million
BUYER: Family Stations Inc. (Harold Camping, president/CEO)
SELLER: Narnian Broadcasting (Matt Tuter, secretary)
FACILITIES: Ch. 28, 129 kW
AFFILIATION: Ind.
BROKER: Exline Co.
WCTI(TV) New Bern, N.C.
PRICE: Undisclosed
BUYER: Bonten Media Group LLC (Randall Bongarten, president)
SELLER: Newport Broadcasting Inc. (Sandy DiPasquale, president/CEO)
FACILITIES: Ch. 12, 316 kW, ant. 1,933 ft.
AFFILIATION: ABC
BROKER: UBS Securities LLC
COMMENT: The stock of Newport Broadcasting Inc. owned by BlueStone TV Holdings Inc. goes to Bonten Media Group as part of Bonten’s $230 million acquisition of BlueStone.
WEMT(TV) Greeneville, Tenn.; W43BO Marion, Va.
PRICE: Undisclosed
BUYER: Esteem Broadcasting LLC (David Bailey, president)
SELLER: Aurora Broadcasting Inc. (Jeffrey Trumper, president/CEO/treasurer/secretary)
FACILITIES: WEMT(TV) Ch. 39, 3,020 kW, ant. 2,609 ft.; W43BO: Ch. 43, 26.5 kW
AFFILIATION: WEMT(TV) Fox; W43BO: Fox
COMMENT: Buyer is acquiring the stock of Aurora Broadcasting Inc. and will repay outstanding debt estimated at $1.4 million.
K45HY, K63HF and K69IX Lake Charles, La.; K69IY Beaumont, K69JB Corpus Christi, K63GZ Midland, K43IQ San Angelo, K42GO Victoria, Texas
PRICE: $379,000
BUYER: Windsong Communications Inc. (C. Dowen Johnson, member)
SELLERs: K42GO, K43IQ, K63GZ, K69IY, K69JB: Lawrence Howard Mintz; K63HF, K69IX: Michael Mintz; K45HY: Sean Mintz
FACILITIES: K45HY: Ch. 45, 4 kW, ant. 397 ft.; K63HF: Ch. 63, 8 kW, ant. 364 ft.; K69IX: Ch. 69, 50.61 kW, ant. 357 ft.; K69IY: Ch. 69, 7 kW, ant. 295 ft.; K69JB: Ch. 69, 4 kW; K63GZ: Ch. 63, 9.5 kW; K43IQ: Ch. 43, 0.90 kW, ant. 190 ft., K42GO: Ch. 42, 9.89 kW, ant. 512 ft.
K64GQ Paris, Texas
PRICE: $20,000
BUYER: Randall and Adrienne Weiss
SELLER: Matthew Murillo Jr.
FACILITIES: Ch. 64, 2 kW, ant. 600 ft.
COMMENT: Purchase price is $1 good-faith deposit plus $19,999 cash at closing or conveyance of a quit-claim deed for land owned by buyer in Lake Station, Ind.
K43AG Ridgecrest, Calif.
PRICE: $80,000
BUYER: Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
SELLER: Kern Educational Telecommunications Consortium (Larry Reider, superintendent)
FACILITIES: Ch. 43, 2.27 kW
AFFILIATION: TBN
KBSC(LP) BROOKINGS, ORE.
PRICE: Undisclosed
BUYER: Fred McCutchan
SELLER: Oregon Coast Media Inc. (Mike McKenzie-Bahr, president)
FACILITIES: Ch. 49, 5.6 kW, ant. 828 ft.
AFFILIATION: Ind.

Combos

WVAR(AM) Richwood and WAFD(FM) Webster Springs (Elkins-Buckhannon-Weston), W.Va.
PRICE: $1.24 million
BUYER: Summit Media Broadcasting (Nunzio Sergi, president); owns two other stations, WKQV(FM) Richwood and WSGB(AM) and WDBS(FM) Elkins-Buckhannon-Weston
SELLER: J&K Broadcasting Inc. (James Hardman, president)
FACILITIES: WVAR(AM): 600 kHz, 1 kW; WAFD(FM): 100.3 MHz, 35 kW, ant. 594 ft.
FORMAT: WVAR(AM): Country; WAFD(FM): Gospel
WBKX(FM) Fredonia, N.Y.
PRICE: $850,000
BUYER: Finger Lakes Radio Group (George Kimble, president); owns eight other stations, none in this market
SELLER: Chadwick Bay Broadcasting Corp. (John Bulmer, president)
FACILITIES: WDOE(AM): 1410 kHz, 1 kW day/500 W night; WBKX(FM): 96.5 MHz, 1 kW, ant. 686 ft.
FORMAT: WDOE(AM): Oldies; WBKX(FM): Country
BROKER: Dick Kozacko of Kozacko Media Services
COMMENT: Bulmer is selling all of the capital stock of Chadwick Bay Broadcasting Corp. to George Kimble and Alan Bishop, owner principals of Finger Lakes Radio Group.
KMTA(AM) and KKRY(FM) Miles City, Mont.
PRICE: $540,000
BUYER: Stephen Marks; owns five other stations, none in this market
SELLER: Senger Broadcasting Corp. (Kevin Senger, president)
FACILITIES: KMTA(AM): 1050 kHz, 10 kW; KKRY(FM): 92.3 MHz, 100 kW, ant. 984 ft.
FORMAT: KMTA(AM): Lite AC; KKRY(FM): Country
BROKER: Jerry Johnson of Johnson Communications
COMMENT: Allocation of purchase price: $440,000 to certain secured creditors, $100,00 to Senger Financial Corp. for the studio building, plus, if buyer assigns its rights and interests in KMTA, the amount of one-third the net proceeds of the sale of KMTA.
KANA(AM) and KGLM(FM) Anaconda and KBCK(AM) Deer Lodge, Mont.
PRICE: $500,000
BUYER: Butte Broadcasting Inc. (Ronald Davis, president/general manager); owns one other station, not in this market
SELLER: Jim Ray Carroll
FACILITIES: KANA(AM): 580 kHz, 1 kW day/197 W night; KGLM(FM): 97.7 MHz, 3 kW, ant. 984 ft.; KBCK(AM): 1400 kHz, 1 kW
FORMAT: KANA(AM): Oldies; KGLM(FM): Hot AC; KBCK(AM): Country
BROKER: American Media Services LLC
COMMENT: Butte Broadcasting will immediately assign the license of KBCK(AM) to Robert Cummings Toole.
KBTC(AM) and KUNQ(FM) Houston, Mo.
PRICE: $275,000
BUYER: Media Professionals Inc. (Rick Vermillion, owner); owns no other stations
SELLER: Metropolitan Radio Group (Mark Acker, president)
FACILITIES: KBTC(AM): 1250 kHz, 1 kW day/51 W night; KUNQ(FM): 99.3 MHz, 30 kW, ant. 604 ft.
FORMAT: KBTC(AM): Country; KUNQ(FM): Country
BROKER: Jamie Rasnick of John Pierce and Co. LLC
KSWD(AM) and KSWD(FM) Seward, Alaska
PRICE: $40,000
BUYER: Seward Media Partners LLC (Wolfgang Kurtz, manager); owns no other stations
SELLER: Charles Dunham
FACILITIES: KSWD(AM): 950 kHz, 1 kW; KSWD(FM): 105.9 MHz, 3 kW, ant. -1,312 ft.
FORMAT: KSWD(AM): AC; KSWD(FM): Country
COMMENT: Dunham allows Seward Media Partners unrestricted inspection of the stations and their records and arranges up to 10 days per year of hotel accommodations for any Seward officer to facilitate these visits and inspections while the note remains unpaid.

FMs

WCDJ(FM) Truro (Cape Cod), Mass.
PRICE: $550,000
BUYER: Dunes 102FM LLC (Thomas Troland, managing director); owns no other stations
SELLER: Truro Wireless Inc. (Karl Nurse, president)
FACILITIES: 102.3 MHz, 340 W, ant. 98 ft.
FORMAT: News/Talk
KLVT(FM) Levelland, Texas
PRICE: $500,000
BUYER: Brantley Broadcast Associates LLC (Joan Reynolds, managing member); owns no other stations
SELLER: Paul Beane
FACILITIES: 105.3 MHz, 25 kW, ant. 299 ft.
FORMAT: Country
BROKER: Jim Hoffman of Explorer Communications
KLZY(FM)(CP) Honokaa, Hawaii
PRICE: $450,000
BUYER: Kona Coast Radio LLC (Victor Michael Jr., sole member); owns no other stations
SELLER: Chaparral Communications (Jerrold Lundquist, president)
FACILITIES: 102.9 MHz, 100 kW, ant. 468 ft.
FORMAT: CP–NOA
KAGT(FM) Abilene, Texas
PRICE: $450,000
BUYER: Educational Media Foundation (Richard Jenkins, president); owns 167 other stations, none in this market
SELLER: Gospel Radio Network (Tim Walker, president)
FACILITIES: 90.5 MHz, 100 kW, ant. 315 ft.
FORMAT: Gospel
BROKER: Patrick Communications
KXIO(FM) Clarksville, Ark.
PRICE: $440,000
BUYER: Blaine Leeds; owns no other stations
SELLER: Barnett Broadcasting (Gary Barnett, president)
FACILITIES: 106.9 MHz, 6 kW, ant. 112 ft.
FORMAT: Country
BROKER: Bill Cate of Sunbelt Media
WWIA(FM) Palm Bay (Melbourne-Titusville-Cocoa), Fla.
PRICE: $400,000
BUYER: Central Florida Educational Foundation (Jim Hoge, president); owns three other stations, none in this market
SELLER: Victory Christian Academy (Mark Ostrander, president)
FACILITIES: 88.5 MHz, 600 W, ant. 108 ft.
FORMAT: Christian

AMs

WMIA(AM) Arecibo, P.R.
PRICE: $900,000
BUYER: Aerco Broadcasting Corp. (Angel Roman-Lopez, president/secretary); owns two other stations, none in this market
SELLER: Abacoa Radio Corp. (Lirio Pirallo Rivera, president)
FACILITIES: 1070 kHz, 500 W day/3 kW night
FORMAT: Dark
KKNS(AM) Corrales (Albuquerque), N.M.
PRICE: $860,000
BUYER: El Camino Communications LLC (Victor Camino, managing member); owns no other stations
SELLER: Simmons Media Group Inc. (Craig Hanson, president)
FACILITIES: 1310 kHz, 5 kW day/500 W night
FORMAT: Sports
BROKER: Roger Rafson of CMS Station Brokerage
WABA(AM) Aguadilla (Puerto Rico), P.R.
PRICE: $820,000
BUYER: Aguadilla Radio and Television Corp. Inc. (Victor Perez, owner); owns no other stations
SELLER: Aguadilla Radio and Television Corp. Inc. (Hector Reichard-Zamora, president)
FACILITIES: 850 kHz, 5 kW day/1 kW night
FORMAT: Spanish/’70s/Nostalgia
COMMENT: Hector Reichard-Zamora is selling the stock in Aguadilla Radio and TV Corp. to Victor Perez.
KFEL(AM) Pueblo, Colo.
PRICE: $475,000
BUYER: Kansas City Catholic (James O’Laughlin, president/director); owns two other stations, none in this market
SELLER: Wellspring Harvest Ministries Inc. (Allen Bickle, president/director)
FACILITIES: 970 kHz, 3 kW day/184 W night
FORMAT: Christian
BROKER: Jamie Rasnick of John Pierce and Co. LLC
WTKI(AM) Huntsville, Ala.
PRICE: $475,000
BUYER: Christian Voice of Central Ohio Inc. (Dan Baughman, president); owns six other stations, including WDPT(AM) Huntsville
SELLER: Mountain Mist Media LLC (David Barnhardt, president)
FACILITIES: 1450 kHz, 1 kW
FORMAT: Sports
BROKER: Greg Guy of Patrick Communications
WBJX(AM) Racine (Milwaukee-Racine), Wis.
PRICE: $467,500
BUYER: El Sol Broadcasting LLC (John Torres, manager); owns no other stations
SELLER: WBJX Inc. (Roberto Jeffers, president)
FACILITIES: 1460 kHz, 500 W day/62 W night
FORMAT: Spanish/Mexican/Variety
COMMENT: Per court stipulation and order

Station Sales Scorecard
2006 YTD* 2005 YTD
Source: BIA Financial Networks
*As of 12/5/06
Number Value (000) Number Value (000)
Television 146 $16,742,386 84 $2,662,439
Radio 930 $6,161,479 882 $2,818,736

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

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