News Articles

Deals

6/01/2007 08:00:00 PM Eastern

Tvs

KPNZ(TV) Ogden, Utah
PRICE: Undisclosed
BUYER: Liberman Broadcasting Inc. (Lenard Liberman, executive VP)
SELLER: Utah Communications (Lawrence Rogow, managing partner)
FACILITIES: Ch. 24, 1514 kW, ant. 4032 ft.
AFFILIATION: Ind.
BROKER:Media Venture Partners
K30IP Littlefield, K49IM Parker, K55KC Quartzsite, K27IJ Tacna, Ariz.; K07YB Twin Falls, Idaho; K30IG Carrara, K36JJ Ely, K11WE, K13YU and K45KK Tonopah, Nev.; K07YF Casper, K39JU Jackson, K46JY Kemmerer, K25IE Laramie, Wyo.
PRICE: $42,000
BUYER:Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
SELLER: Sunbelt Communications Co. (James Rogers, chairman/CEO)
FACILITIES: K30IP: Ch. 30, 150 kW; K49IM: Ch. 49, 50 kW; K55KC: Ch. 55, 50 kW, ant. 2279 ft.; K27IJ: Ch. 27, 50 kW, ant. 24 ft.; K07YB: Ch. 7, 3 kW, ant. 520 ft.; K30IG: Ch. 30, 150 kW; K36JJ: Ch. 36, 150 kW; K11WE: Ch. 11, 3.0 kW; K13YU: Ch. 13, 3.0 kW, ant. 625 ft.; K45KK: Ch. 45, 49 kW; K07YF: Ch. 7, 1.0 kW; K39JU: Ch. 39, 25 kW; K46JY: Ch. 46, 1 kW; K25IE: Ch. 25, 10 kW, ant. 204 ft.
K06OK Amarillo, Texas
PRICE: $25,000
BUYER: George Chambers
SELLER: John R. Powley
FACILITIES: Ch. 6, 3.0 kW
K11LY Black Butte Ranch, Ore.
PRICE: $10,000
BUYER: Chambers Communications Corp. (Carolyn Chambers, chairman/CEO)
SELLER: Black Butte Ranch (Loy Helmly, manager)
FACILITIES: Ch. 11, 0.033 kW, ant. 36 ft.
AFFILIATION: ABC
COMMENT: Consideration provided for the station assets shall consist of advertising time on KOHD Bend, Ore.;, KEZI Eugene, Ore.; KDRV Medford, Ore.; or KDKF Klamath Falls, Ore., having a monetary value of $10,000.
K64GT Fulton, Ark.; W65EH West Lafayette, Ind.; K10PD Topeka, Kan.; W07DJ Salisbury, Md.; W10CV Hattiesburg, Miss.; K31ID and K46IG Abilene, K60GP Beaumont, K07XZ Denison, K02QH Gainesville, K35HX George West, K13YP Paris, K13YX San Angelo, K13YN Smith Hill, K66GF Texarkana, K45IN Victoria, Texas; W13DC Charlottesville, Va.
PRICE: Undisclosed
BUYER:Hispanic Christian Community Network Inc. (Antonio Cesar Guel, president)
SELLER: John R. Powley
FACILITIES: K64GT: Ch. 64, 150 kW, ant. 137 ft.; W65EH: Ch. 65, 150 kW, ant. 153 ft.; K10PD: Ch. 10, 3.0 kW, ant. 171 ft.; W07DJ: Ch. 7, 0.1 kW, ant. 158 ft.; W10CV: Ch. 10, 3.0 kW; K31ID: Ch. 31, 50 kW; K46IG: Ch. 46, 25 kW; K60GP: Ch. 60, 10 kW, ant. 164 ft.; K07XZ: Ch. 7, 0.5 kW; K02QH: Ch. 2, 0.1 kW, ant. 192 ft.; K35HX: Ch. 35, 25 kW; K13YP: Ch. 13, 1.0 kW; K13YX: Ch. 13, 3.0 kW; K13YN: Ch. 13, 0.15 kW; K66GF: Ch. 66, 150 kW; K45IN: Ch. 45, 10 kW, ant. 102 ft.; W13DC: Ch. 13, 1.0 kW

Combos

KWNC(AM) Quincy, KPQ(AM) and KPQ(FM) Wenatchee, Wash.
PRICE: $3.4 million
BUYER: Cherry Creek Radio LLC (Joseph Schwartz, CEO/president); owns 64 other stations, including KWWW(FM) Quincy
SELLER: Wescoast Broadcasting Co. (John Wallace, president)
FACILITIES: KWNC(AM): 1370 kHz, 1 kW day/39 W night; KPQ(AM): 560 kHz, 5 kW; KPQ(FM): 102.1 MHz, 35 kW, ant. 2,654 ft.
FORMAT: KWNC(AM): Country; KPQ(AM): News/Talk/Sports; KPQ(FM): Classic Hits
BROKER: Jody McCoy of Media Services Group
COMMENT: Sale of Wescoast Broadcasting Co.'s stock to Cherry Creek Radio
KVRC(AM) and KDEL(FM) Arkadelphia and KYXK(FM) Gurdon, Ark.
PRICE: $600,000
BUYER: Noalmark Broadcasting Corp. (William Nolan Jr., president); owns 18 other stations, none in this market
SELLER: Jay Bunyard
FACILITIES: KVRC(AM): 1240 kHz, 1 kW; KDEL(FM): 100.9 MHz, 3 kW, ant. 95 ft.; KYXK(FM): 106.9 MHz, 18 kW, ant. 302 ft.
FORMAT:KVRC(AM): Nostalgia; KDEL(FM): AC; KYXK(FM): Country

FMs

KMCL(FM) McCall, Idaho
PRICE: $900,000
BUYER: FM Idaho Co. LLC (Wendell Starke, manager); owns five other stations, none in this market
SELLER:Brundage Mountain Air Inc. (David Eaton, president)
FACILITIES: 101.1 MHz, 4 kW, ant. 1,873 ft.
FORMAT: AC
BROKER: The Exline Co.
COMMENT: Additional reimbursement for reasonable engineering, legal, and other preparatory fees (including funding for settlement), not to exceed $100,000, incurred by seller from March 1, 2005, to closing to remove the Prairie City obstruction and any other obstruction
KAWV(FM) Lihue, Hawaii
PRICE: $400,000
BUYER: Hochman Hawaii Publishing Inc. (George Hochman, president/treasurer); owns five other stations, none in this market
SELLER: James Primm
FACILITIES: 98.1 MHz, 51 kW, ant. 13 ft.
FORMAT: Hot AC
KLBU(FM) PECOS (SANTA FE), N.M.
PRICE: $450,000
BUYER:Hutton Media LLC (Edward Hutton Jr., member/president); owns three other stations, including KVSF(AM) and KQBA(FM) Santa Fe
SELLER: Blu Media LLC (Robert Brahms, member)
FACILITIES: 102.9 MHz, 4 kW, ant. 686 ft.
FORMAT: Modern AC
BROKER: Bergner and Co.
KTDX(FM)(CP) FRISCO, COLO.
PRICE: $280,000
BUYER: Cedar Cove Broadcasting Inc. (Victor Michael Jr. president); owns one other station, not in this market
SELLER:Educational Communications of Colorado Springs Inc. (Ronald Johnson, chairman)
FACILITIES: 90.3 MHz, 400 W
FORMAT: CP–NOA

AMs

WHNC(AM) Henderson and WCBQ(AM) Oxford, N.C.
PRICE: $440,000
BUYER: The RAFTT Corp. (Jerome Friemel, president); owns no other stations
SELLER: The Paradise Network Inc. (Alvin Jones, president/director)
FACILITIES: WHNC(AM): 890 kHz, 1 kW; WCBQ(AM): 1340 kHz, 1 kW
FORMAT:WHNC(AM): Gospel/Talk; WCBQ(AM): Gospel/Talk
BROKER: Doyle Hadden of Hadden and Associates Media Brokers
WJJC(AM) Commerce, Ga.
PRICE: $240,000
BUYER: Side Communications Inc. (Robin Jordan, president); owns no other stations
SELLER: Banks-Jackson Broadcasting Co. Inc. (Don Brown, president)
FACILITIES: 1270 kHz, 5 kW day/173 W night
FORMAT: Variety/Sports/News
COMMENT:Deal includes assumption of seller's obligations to and under certain seller loans with Freedom Bank and Community Bank and Trust.
WURP(AM) Reserve Township (Pittsburgh), Pa.
PRICE: $225,000
BUYER: BusinessTalkRadio.net Inc. (Michael Metter, president/CEO); owns five other stations, none in this market
SELLER:Inner City Broadcasting Corp. (Pierre Sutton, CEO)
FACILITIES: 1550 kHz, 2 kW day/12 W night
FORMAT: Talk/News/Comedy
COMMENT: If BusinessTalkRadio upgrades the station pursuant to the terms of the construction permit and then immediately sells the station, it will pay Inner City an additional $200,000.
WQXL(AM) Columbia, S.C.
PRICE: $200,000
BUYER: Glory Communications Inc. (Alex Snipe, president); owns eight other stations, including WGCV(AM) and WFMV(FM) Columbia
SELLER: Metro Communications (John Lastinger Jr., president)
FACILITIES: 1470 kHz, 11 kW day/100 W night
FORMAT: Religious Music
WNWK(AM) Newark (Wilmington), Del.
PRICE: $200,000
BUYER: Jose Roberto Ekonomo and Aida Esperanza; own one other station, not in this market.
SELLER: East Coast Broadcasting Inc. (Vincent Klepac, president)
FACILITIES: 1260 kHz, 1 kW day/42 W night
FORMAT: Oldies
WCPC(AM) Houston (Tupelo), Miss.
PRICE: $200,000
BUYER: Wilkins Communications Network Inc. (Robert Wilkins, CEO); owns 14 other stations, none in this market
SELLER: WCPC Broadcasting (Robin Mathis, president)
FACILITIES: 940 kHz, 50 kW day/250 night
FORMAT: Country/Gospel
WTXY(AM) WHITEVILLE, N.C.
PRICE: $180,000
BUYER: Milliken Broadcasting LLC (Jeffrey Milliken, member/manager); owns no other stations
SELLER: Stanley Broadcasting System (Thomas Stanley, owner/president)
FACILITIES: 1540 kHz, 1 kW
FORMAT: Oldies/News/Talk
BROKER: Graycasting Media
WMSK(AM) MORGANFIELD, KY.
PRICE: $180,000
BUYER: Henson Media Inc. (Ed Henson, president); owns no other stations
SELLER: Union County Broadcasting Co. (J.B. Crawley, president)
FACILITIES: 1550 kHz, 150 W day/6 W night
FORMAT: Country
COMMENT:Price includes $35,000 for FCC authorizations.
WJBY(AM) RAINBOW CITY, ALA.
PRICE: $175,000
BUYER: Coosa River Communications Inc. (David Hedrick, president); owns no other stations
SELLER: Gadsden Broadcasting Co. Inc. (Hinton Mitchem, president)
FACILITIES: 930 kHz, 5 kW day/500 W night
FORMAT: Southern Gospel
WAJF(AM) DECATUR (HUNTSVILLE), ALA.
PRICE: $167,500
BUYER: Christian Voice of Central Ohio Inc. (Dan Baughman, president); owns five other stations, none in this market
SELLER: WAJF Inc. (Troy Bryant, president)
FACILITIES: 1490 kHz, 1 kW
FORMAT: Christian/Talk
WACQ(AM) CARRVILLE. ALA.
PRICE: $156,000
BUYER: Hughey Communications Inc. (Fred Randall Hughey, general manager); owns no other stations
SELLER: Progressive United Communications (Frank Cummings, president)
FACILITIES: 1130 kHz, 1 kW
FORMAT: Oldies

Station Sales Scorecard
Number Value (000) Number Value (000)
2007 YTD* 2006
Source: BIA Financial Networks
*As of 5/29/07
Television 196 $2,190,585 180 $18,127,686
Radio 654 $1,226,347 2,118 $22,874,562

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

 

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