op Belo now 11th·largest TV group owner14.08 (Gannett) 12.8 30.83 24.88 24.134 23.952 18.725 17.637 16.448 15.515 13.352 tions station group. Those LMAdeals will eventually be subject

.__------------..,op of the Wee'.....------------...,

September 30 1996 Broadcasting & Cable

from 7.986% to 11.855%, making it thenation's 11th-largest broadcaster, accord-ing to BROADCASTING & CABLE'S list ofthe top 25 groups.

There are no station overlaps except inSeattle, where Pro-Jo owns NBC affiliateKING-TV and Belo owns UPN affiliateKIRQ-TV. Bela is negotiating with anotherbroadcaster to trade KIRO-TV for a stationor two elsewhere, says Michael D. Perry,Bela's senior vice president/chief finan-cial officer.

Pro-Jo also gives Belo NBC affiliatesfor the first time-five of them. And Pro-Jo takes Bela into a new business: cableprograming. Pro-Jo owns 65% of Ameri-ca's Health Network and 46% of theFood TV Network.

Both companies for years have com-bined broadcasting with newspapering.Belo owns the Dallas Morning News,while Pro-Jo owns the Providence Jour-nal-Bulletin. That is compatible withBelo's emphasis on owning TV stationswith strong local news departments. Pro-Jo's two Fox affiliates, however, offer nonews. Their "potential" is being evaluat-ed, Perry says.

The deal, valued at 12.1 times estimat-ed 1996 cash flow, will largely be fi-nanced under Bela's $1 billion creditfacility, Perry says. Bela expects to pay$587 million in cash and issue 25.4 mil-lion shares in exchange for Pro-Jo's 47.6million shares. _

Belo now 11th·largestTV group ownerBy Elizabeth A. RathbunWASHINGTON

AH. Bela's $1.5 billion purchase ofthe Providence Journal Co. lastweek thrusts Bela into nine new TVmarkets and expands its reach to11.855% of U.S. TV households.

For a company looking to grow in ahurry, last week's merger is a perfectdeal, says broker Brian Cobb of MediaVenture Partners. Before this, Bela hadnot bought any TV stations this year, butwas known to be looking to expand."Bela wanted to grow, and ProvidenceJournal has some great markets. It's just agreat fit," Cobb says.

Great by Wall Street standards too. Pro-Jo's stock reached a 52-week high of 297/8 on Friday, closing at 29, up 8 1/8.Bela's stock fell 3 27/64 to close at 345/64.

Each Pro-Jo share will be exchanged for$12.33 in cash plus .533 share of Belastock. That translates into roughly $5.7million for Pro-Jo Chairman StephenHamblett, who owns 186,300 Class Ashares, while former president TrygveMyhren would walk away with roughly$5.2 million for his 168,750 shares.

The deal, which Dallas-based Belo ini-tiated, expands Bela's TV stations fromseven to 16, including five stations in thetop 50 markets. Using FCC standards, thestations increase Bela's household reach

8

ill~

11:~~

I

CONSOLIDATION YEA OR NAYTV'S TOP 10

NAB takes up industry debate over relaxation of duopoly, limitations on LMAsBy Chris McConnell

WASHINGTON

'In millions, based on Nielsen estimates, September 1996; consistent with FCC rules, UHF stationsare credited for half the homes in a market. "B&C. July 8, 1996

Fonner"....22.05 (News Corp.);12.78 (New World)30.9524.9624.6524.0617.9717.7020.0014.08 (Gannett)12.8

30.8324.8824.13423.95218.72517.63716.44815.51513.352

tions station group.Those LMA deals will eventually be

subject to local ownership restrictions,under the proposal issued by commis-sioners last November. The proposalwould treat new LMAs as owned sta-tions and would grandfather existingagreements until they expire.

The move to attribute LMAs follows

14161110198

161612

While the Telecommunications Act of 1996 didn't do much to deregulate the television business,it did raise the cap on how many 1V households abroadcaster can cover. News Corp. raced tobe the first to near the new 35% limit, in July 1996, and other companies are reaching for it.

No. " ofU.S.ofstations ~

22 34.841CompanyNews Corp.lNew World

Here are the biggest TV-group deals of 1995* and 1996:$19 billion: Walt Disney Co. buys CapitaJ CitIes/ABC and its 10 lVstations, 21 radio stations, interest in several cable networ1

,... ~op of the Weet.---------------.,

rI1

a series of actions in Washington torelax the ownership rules. In responseto the 1996 Telecommunications Act,the FCC last year eliminated the 12-station cap on TV ownership and raisedthe national audience-reach limit from25% to 35%. In 1995 the commissionalso eliminated the financial interestand syndication (fin-syn) rule.

Such relaxations cleared the way forDisney to buy Capital Cities/ABC andfor Westinghouse to buy CBS.

But while the FCC now is proposingto tighten its "attribution" rules, it alsois asking comment on whether itshould relax more ownership rules toallow common ownership of two UHFstations or a UHF/VHF combinationwithin a market.

Policymakers have differed on thequestion. President Clinton last fall

said that he does not think that allow-ing common ownership of two TV sta-tions in a market is a good idea.

"Outside of group owners, no onethinks [further concentration] is a goodidea," adds Larry Irving, head of theNational Telecommunications andInformation Administration. "Syndica-tors and advertisers are scared to sayanything."

FCC commissioners, however, do notrule out the notion of some ownershiprelaxation. FCC Commissioner JamesQuello says he could see a UHF/UHF oreven a UHFNHF combination in areaswhere the combination would not givethe owner too much control over thelocal advertising market.

And FCC Chairman Reed Hundt lastmonth asked whether allowing com-mon ownership of two stations might

increase diversity of viewpoint andprograming in some markets.

That was the argument favored bybroadcasters at this month's NATPEconvention in New Orleans. Dis-cussing the remaining restrictions,executives on one panel pitched thenotion that more consolidation mightmean more diversity. Clear ChannelTelevision's Rip Riordan pointed tothe use of LMAs to revive stations thatotherwise would not be broadcasting.

LIN TV President James Babb. infavoring more relaxation, points tocompetition with cable and DBS. "Weneed to be active in proposing that,"Babb says.

Others disagree. Hubbard TelevisionGroup President Robert Hubbard saysimportant distinctions remain betweenLMAs and outright ownership. And he

The world of LMAsTtl·' ',( Ifl'l(j', l' I. II I / 'Ill/' '(]I '.II' th "latIOns ttld! 111m·' Jldill, '111,,:, ' ).,/' ." IIkr" 111 llft I 'Ill II,! i ' 1 11,,,,,I'l I; I \ J {, I~ ., C,B,I ! 'j/li ~II! r.~/\ I I'}.;,l'

Marla't DMA StatlOlI Aftl/. OwnershIp Market OMA StatIOn Aftll. Ownership

..J

..i

r

r.J

s-,.,J

Dallas-Ft. Worth 8 KDFWKDFIKXASKX1X

CBSInd.NBC

Ind./WB

New WorldDallas Media InvestorsLINKX1Xlnc.

Harrisburg 44 WHP-TV CBS Clear ChannelWLYH UPN Gateway Communications

•West Palm Beach 45 WPBF ABC '.' ~axsoi1 B'cstingWTVX IndIUPN' KryptOn B'cSting

46 WPRI CBS Clear ChannelWNAC Fox

;:GreenstJoro.:.High Point- 48 WNRW Fox'. Act III B'csting'WinstonSa!em

/ Guinord B'csting Corp.49 Lee Enterprises

Ramar Communications

,,', .' y, "B'CstingWAWS Fox Clear ChannelWTEV IndJUPN Krypton B'csting

57KMPH Fox PappasKGMC Ind. Gray Coopla

little Rock-Pine Bluff 58 KlRT Fox Clear ChannelKASN IndJUPN Mercury B'csting

59,1!!JKI Fox,Clear,ChannelilgfolndJUPN'RDS B'ming

61 WPMI Fox Clear ChannelWJTC Ind.IUPN Mercury B'csting

65

~--------------fOP of the Wee..------------.....,predicts that further relaxation of localownership rules will spur more consoli-dation.

"We feel very strongly that it's notgood for the industry and it's not goodfor consumers," says Hubbard.

"It removes from the market precise-ly those stations that have historicallyprovided entry to new and differentvoices-minorities and women," addsMedia Access Project's Schwartzman.

One issue threatening to affect theownership status of several stations isthe must-carry law pending beforeSupreme Court justices. Defenders ofthe law requiring cable carriage oflocal broadcast signals had a roughouting before the court last October,and several expect the court to throwout the law.

Broadcasters say that could threatenthe viability of many UHF stations. "Itmakes the weak weaker," says Mered-ith's Jones.

"It could be a major negativeimpact," adds LIN's Babb, who pre-dicts that a struck-down must-carrylaw combined with relaxed restrictions

.\ could accelerate TV consolidation. _

For syndicators, access is keyDespite consolidation, hot shows can stUlfind space one market at a time;for some, however, access to growing groups has become tougher

8

By Cynthia Littleton

HOLLYWOOD

The supply side ofthe syndicationbusiness is anx-iously awaiting theoutcome of the FCC'sreview of long-stand-ing TV station owner-ship restrictions.

Conventional wis-dom dictates that theincreasing concentra-tion of station owner-ship helps syndicators with corporateties to station groups and hurts thosewithout them. But distributors in bothpositions say it's not so cut-and-dried.

The activity on the floor of thismonth's NATPE convention provedthat independents can still clear a hotproperty the old-fashioned way-onemarket at a time. Yet NATPE alsodemonstrated how new-model giantssuch as CBS and Fox are changing the

dynamics of syndica-tion sales.

"The problem withconsolidation isn't thesize of the groups, it'saccess to them," saysAll American Distrib-ution President GeorgeBack. All Americanhad sold its new fall1997 talk show con-tender, Arthel & Fred,in more than 60% ofthe country by theclose of NATPE.

For a few station operators, "sales areno longer a content issue but an accessissue. Now we're faced with companiesthat block us and tell us, 'I've got myown agenda and it supersedes yours, '"Back says. "Today's recourse is to go totheir competitors. Tomorrow'srecourse may have to be other means. "

On the other hand, the easing of theduopoly rule could benefit many dis-tributors. LMAs have helped produce

stronger stations in many markets,which translates to better customers forAll American, Back says, citing thegrowth of Sinclair Broadcasting'sLMA outlets in Baltimore, Pittsburghand Milwaukee.

Moreover, industry veterans say, it'smisguided to view major station groupsas monoliths. Warner Bros. struck agroup deal for The People's Court lastmonth with the key NBC O&Os exceptLos Angeles; KNBC-TV had already com-mitted to co-producing and airing Arthel& Fred, co-hosted by the station'ssports anchor, Fred Roggin.

Worldvision generated a buzz earlyon in the sales season with the gameshow strip Pictionary, which wascleared at NATPE by a different groupin each of the top three markets. "Ifyouhave desirable programing, you will beheard from," says Worldvision Presi-dent John Ryan.

Kelly News & Entertainment alsofound a number of network 0&0 buy-ers for its FCC-friendly weekend teen

January 27 1997 Broadcasting & Cable E

EXHIBIT E

The $1 million-plus clubA new year, a new $1 million-plus list. But in 1996, deregulation not only changed the face of radio, it altered thearrangement of BROADCASTING & CABLE'S yearly roster of radio- and TV-station deals worth $1 million or more. Now,most deals involving stations in more than one state are separate from TV- and radio-only deals. Multistate deals areordered from most valuable to least, while the other deals remain alphabetical by state. And the unprecedented volumeof deals in 1996 has forced another change: The list has grown from 12 pages last year to 18 this time around. -EAR

23

KWWL(TV) Waterloo/Cedar Rapids, Iowa;WAFB(TV) Baton Rouge, La.; KFVS-TVCape Girardeau, Mo., and WITN·TV Wash-ington/Greenville, N.C. Price: $485 millionBuyer: Raycom Media Inc. (formerly EllisAcquisitions Inc. [Stephen I. Burr, principal;Retirement Systems of Alabama, financier])Seller: AFLAC Inc. (Daniel P. Amos, presi-dent)

KNSD(TV) San Diego and WVTM-TV Birm-ingham, Ala. Price: $425 million plus work-ing capital Buyer: NBC Inc. (Robert Wright,president) Seller: New World Communica-tions Group Inc. (William C. Bevins, CEO)

WHOI(TV) Peoria/Bloomington, III.;WWLP(TV) SpringfleldlHolyoke, Mass.;WILX·TV Onondaga/lansing, Mich.;KOSA·TV OdessaIMldland and KAUZ-TVWichita FallslLawton, Tex.; WTRF-TVWheeling, W.Va.lSteubenvllJe, Ohio, andWMTV(TV) Madison and WSAW-TVWausaU/Rhinelander, Wis. Price: $270 mil-lion ($225 million cash, $45 million stock)Buyer: Benedek Broadcasting Corp. (A.Richard Benedek, chairman) Seller: Bris-sette Broadcasting Corp. (PaUl Brissette,CEO)

WHO-TV Des Moines and KFOR-TV Okla-homa City Price: $226 million ($155 millionfor KFOR-TV; $71 million for WHO-TV) Buyer:New York Times Co. (Lance R. Primis, presi-dent) Seller: Palmer Communications Inc.(Joseph Lentz, president)

WALA·TV Mobile, Ala.; KHON·TV Honolu-lu and satellites KHAW-TV Hilo and KAII·TV Wailuku, Hawaii; WVUE(TV) New

bright ilia'Jac~~~~~~l~~~f~!.',,'strategy in the works.

While 1996 "was a year when we created anawful lot of chaos," buying stations right and left, 1997 willbe "absolutely as busy [but] in a somewhat different way,"Michaels says. Broadcasters will have to figure out how torun all the stations they've bought "to continue to haveabove-average performance....

"No one knows how to do this yet," he says. "We're allmaking it up as we go along. None of us are very far up thelearning curve. None of us are experts. I think the properthing to be doing in that circumstance is a lot of experimen-tation, a lot of trial and error."

Meanwhile, Jacor will keep doing deals. "Bring me some-thing that requires some creativity, bring me somethingwhere there's a problem and where we can bring a little extrawork and a little more creativity to the deal to make it hap-pen. Those are the kind of deals we like," Michaels says. _

las/Fort Worth Price: $1.13 billion cash(merger) Buyer: Tribune Co. (John Madigan,president) Seller: Renaissance Communica-tions (Michael Finkelstein, chairman) Bro-kers:Merrili Lynch & Co. (buyer); MorganStanley & Co. (seller)

KOLD-TV Tucson; WZVN-TV Naples, Fla.;WSAV-TV Savannah, Ga.; KSLA-TVShreveport, La.; WJTV(TV) Jackson andsatellite WHLT Hattiesburg, Miss.; KAME-TV Reno; WECT(TV) Wilmington, N.C.;WUPW(TV) Toledo, Ohio; WACH·TVColumbia, S.C.; KSFY-TV Sioux Falls andsatellites KABY·TV Aberdeen and KPRY-TV Pierre, all S.D., and WTNZ-TV Knoxvilleand WMC-TV-AM-FM Memphis, Tenn.Price: $732 million cash Buyer: Ellis Acquisi-tions Inc. (Stephen I. Burr, principal; Retire-ment Systems of Alabama, financier [DavidG. Bronner, CEO]) Seller: Ellis Communica-tions Inc. (Bert Ellis, president)

WBMG(TV) Birmingham and WHOA·TVMontgomery, Ala.; WTVQ-TV lexington,Ky.; KALB-TV Alexandria, La.; WUTR(TV)Utica, N.Y.; WNCT·TV Greenville, N.C.;WDEF-TV Chattanooga and WJHL·TVJohnson City, Tenn., and WTVR-TV Rich-mond and WSLS-TV Roanoke, Va.(includes 28 daily and 82 weekly newspa-pers) Price: $71 0 million cash (merger)Buyer: Media General Inc. (J. Stewart BryanIII, president) Seller: Park CommunicationsInc. (Wright M. Thomas, president) Broker:Media Venture Partners (seller)

WAFF(TV) Huntsville, Ala.; WTVM(TV)Columbus and WTOe-TV Savannah, Ga.;

says. Noting that "the downside to a bunch of small markets isfiguring out how to run them," Michaels says Jacor's clusterswill be linked via computer, also by the end of the year.

Not only will this "allow us to invent new ways to managethe stations," but advertising can be sold to advertisers in apackage, he says. Programing and regional ads will be simul-cast, with airtime reserved for each town to do its own localads, news and weather.

"This makes a lot of niche formats-not previously seenas attractive by major broadcasters--extremely attractive,because you can put them on mUltiple transmitters and cre-ate multiple profit centers with a single product," Michaelssays. The product also can be sold to other companies inneed of programing.

Jacor is managing its clusters with regional managers whoreport directly to Jacor. "It's going to be very interesting aswe try to actually implement some of the plans we have torun this many stations," Michaels says. But the future is so

KSAZ·TVPhoenix; WTVTTampa, Fla.;WAGA-TVAtlanta; WJBK-TV Detroit;WDAF-TVKansas City,Mo., and KTVI-TV St. Louis;

(lH'nIICfed by nriN.) WJW·TV Cleve-.... UJ'!j ... ",.. land; KTBC(TV)Austin and

KDFW(TV) Dallas, Texas (LMA with KDFI-TV Dallas). and Win-TV Milwaukee(inclUdes remaining 80% of New World Com-munications Group Inc.) Price: $3 billionBuyer: News Corp./Fox Television StationsInc. Ltd. (Rupert Murdoch, chairman) Seller:New World Communications Group Inc.(Ronald O. Perelman, chairman)

KMSB·TV Tucson, Ariz.; KTVB(TV) Boise,Idaho; KHNL(TV) Honolulu and satellitesKHBG-TV Hlio and KOGG(TV) Wailuku, allHawaII; WHAS-TV LouiSVille, Ky.; KASA·TV Santa Fe., N.M.; WCNG-TV Charlotte,N.C.; KGW(TV) Portland, Ore., and KING-TV Seattle and KREM-TV Spokane, Wash.Price: $1.5 billion (merger; includes newspa-per and cable networks) Buyer: A.H. Belo(Robert W. Decherd, president) Seller: Provi-dence Journal Co. (Stephen Hamblett, chair-man) Broker: Bear, Stearns & Co. (Belo)

KTXL(TV) Sacramento, Calif.; WTlG-TVHartford, Conn.; WDZL(TV) Miami;WXIN(TV) Indianapolis; WPMT(TV)York/Harrisburg, Pa., and KOAF(TV) Oal-

Broadcasting & Cable February 3 1997

STATION&CABLE TRADINGBuyer: Ramcast Corp. (Rachamim Anatian,chairman; Barbara Laurence, president)Seller: West Coast United Broadcasting Co.(Carson Chen, president) Broker: GammonMedia Brokers Inc.KFWU-TV Fort Bragg/San FranciscoPrice: $3.25 million Buyer: Pappas Tele-casting Cos. (Harry J. Pappas, president)Selier: Sainte Ltd. (Chester and NaomiSmith, 51% general partners)

ConnecfIcutWTWS(TV) New LondonlHartford Price:$3,050,949 Buyer: Roberts Broadcasting ofHartford LLC (co-owners Steven C. andMichael V. Roberts) Seller: Paxson Commu-nications Corp. (Lowell W. "Bud" Paxson,chairman)

District ofColumbiaWMDo-TV Washington and WMDO(AM)Wheaton, MdJWashlngton Price: $4.7 mil-lion Buyer: Latin Communications GroupInc. (Peter W. Davidson, president) Seller.'Los Cerezos Broadcasting Corp. (AntonioGuernica, president)WVVl(TV) Manassas, VaJWashlngtonPrice: Up to $40 million ($30 minion plus $1 'million more if Supreme Court upholds mustcarry) Buyer: Paxson CommunicationsCorp. (Lowell W. "Bud" Paxson, chairman)Selier: ValueVision International Inc.(Nicholas M. Jaksich, president)

RoridaWBSG·TV Brunswick, GaJJacksonvlllePrice: $10,567,500 Buyer; Allbritton Com-munications Co. (Robert L. Allbritton, exect:tive VP) Seller: Coastal Com lne.WZVN-TV Naples Prlce:$21.3 millionBuyer: Montclair Communications Inc. (LalKunkler, president) Seller: Ellis Communic,tions Inc. (U. Bertram Ellis Jr., president)WPGX(TV) Panama City Price: $5 millionBuyer: Wicks Broadcast Group LP (WOOManagement Inc., general partner [Edgar rBerner, president]) Seller: Ashling BroaooGroup Inc. (Elizabeth W. Mooney, prineipaBrokers: Kalil &Co. (buyer); York StreetPartners (seller)WTWC·TV Tallahassee Price: $4.6 millio

< Buyer: Guy Gannett Communications(James B. Shaffer, president) Seller:Thomas M. Duddy (receiver for Holt-Robirson Television Inc.)WFCT-TV BradentonlTampalSt. Peters·burg Price: $1.491 million (includes loanand option to bUy) Buyer: Christian Netw!Inc. (James L. West, chairman; Lowell W."Bud" Paxson, co-founder) Seller: PaxSOICommunications Corp. (Lowell W. "Bud"Paxson, chairman)

GeorgiaFormation of LP to own WFXL(TV) AlbValue: $5.7 million Buyer:BCI Growth ILP (Theodore T. Horton Jr., principal; aft·transfer, BCI will be 66.5% limited partn€

February 3 1997 Broadcasting 8

AlabamaWJSU-TVAnniston Price:$19 million ($10million for optionto bUy and LMA;$2 million toexercise option;$7 million tomove tower)

Buyer: Allbritton Communications Co.(Robert L. Allbritton, executive VP) Seller:Osborn Communications Corp. (Frank D.Osborn, president)WOWL-TV F10renceJHuntsville Price:$2.407 million Buyer: Galleria BroadcastGroup (managing partners Gary Kneller,Bruce Lumpkin) Seller: Rick Biddle Broker:Stan Raymond &AssociatesWHOA·TV Montgomery Price: $6 millionplus assump1ion of liabilities liz has to callto check final price Buyer: Park Communi-cations Inc. (Wright M. Thomas, president)Seller: WHOA-TV Inc. (Louis Frey Jr., presi-dent) Broker: Media Venture Partners

AlIIfIIuJ

KTBY(TV) Anchorage Price: $8.5 millionBuyer: GrapeVine Communications Inc.(Wendell Reilly, president) Seller: RonaldBradley Broker: Kalil &Co.

ArizonaCP for KAJW-TV Tolleson/Phoenix Value:$12 million ($5.4 million for 49% interest;option to buy remainder for $6.6 million afterstation is built and running one year) Buyer:Paxson Communications Corp. (Lowell W."Bud" Paxson, chairman) Seller: Hector Gar-cia Salvatierra Broker: Kalil &Co.

Arfca.....KHBS(TV) Fort Smith and satellite KHOG·TV FayettevillelFort Smith Price: About$30 million (merger) Buyer: Argyle Televi-sion Inc. (Bob Marbut, chairman) Seller:Sigma Broadcasting Inc. (Robin "Robert"Hernreich, Cynthia Hemreich-Beller, owners)Broker: Chase Manhattan Bank N.A.

CIIlifomlaKIEM·TV Eureka Prlce:$3.05 millionBuyer: Pollack/Belz Broadcasting Co.(William H. Pollack, president) Seller: PrechtTelevision Associates Inc. (Robert H. Precht,president) Broker: Blackburn &Co.KCAL-TV Los Angeles Price: $385 millionBuyer: Young Broadcasting Inc. (Vincent J.Young, chairman) Seller: Walt Disney Co.(Michael D. Eisner, chairman) Broker: Bear,Stearns &Co. Inc. (seller)

KCSO(TV) Modesto/sacramento Price:$40 million Buyer: Univision Communica-tions Inc. (A. Jerrold Perenchio, president)Seller: Sainte ltd. (Chester and NaomiSmith, 51% general partners) Broker: Kalil &Co.KCNS-TV San Francisco Price: $30 million

OrIe8ns, and WLUK-TV Green Bay, Wis.Price: $21 0 minion (merger) Buyer: SilverKing Communications Inc. (Barry Diller,owner) Seller: Savoy Pictures EntertainmentInc. (Lewis Korman, president) Broker:Gleacher & Co.WPBN-TV Traverse City/Cadlllac-WTOM-TV Cheboygan/Cadillac and WLUc-TVMarquette, Mich.; WDAM-TV LaureltHat·tlesburg, Miss.; KTVO(TV) Ottumwa,IowaIKlrksvllle, Mo., WSTM-TV Syracuse,N.Y., and KNDO(TV) Yaklma-KNDU(TV)RlchlandlYaklma, Wash. PrIce: $170 million(merger) Buyer: Raycom Media Inc., Boston(Stephen I. Burr, secretary; Burr Family Trust,33.3% owner) Seller: Federal EnterprisesInc. (Dale G. Rands, president) Broker:Media Venture PartnersWCTV(TV) thomasville, Ga./Tallahassee,As., and WKXT·TV Knoxville, Tenn. Price:$165 minion for stock ($15 million for WCTV;$150 million for WKJ(T-TV) Buyer: Gray Com-munications Sytems Inc. (Ralph W. Gabbard,president) Seller: John H. Phipps Inc. (JohnE. Phipps, chairman)KSBW(TV) SalinaslMonterey, Calif.;WEYI(TV) Saginaw/flint, Mich., andWROC-TV Rochester, N.Y. PrIce:$160 mil-lion Buyer: Hicks, Muse, Tate &Furst Inc.(Thomas O. Hicks, chairman) Seller: SmithBroadcasting Partners LP (Robert N. Smith,president)WDKY-TV Danvlllellexington, Ky., andKOCB(TV) Oklahoma City PrIce: $63 millionfor stock Buyer: Sinclair Broadcast GroupInc. (David D. Smith, president) Seller: Supe-rior Communications Group Inc. (Perry Sook,president). Brokers: Alex. Brown & Sons Inc.;Communications Equity AssociatesSwap of WLWT(TV) Cincinnati andKOCO-TV Oklahoma City (owner, GannettCo. Inc. [John Curley, chairman]) for WZZM-TV Grand Rapids, Mich., and WGRZ-TVBuffalo, N.Y. (owner, Argyle Television Inc.,Bob Marbut, chairman) Price: More than $20millionWSTR·TV Cincinnati and KSMQ-TVKansas City, Mo. Price: $20 million ($11million for WSTR-TV; $9 million for KSMO-TV)Buyer: Sinclair Broadcast Group Inc. (DavidD. Smith, president) Seller: ABRY HoldingsInc. (Royce Yudkoff, president)KWBF(TV) FlagstafflPhoenlx, Ariz.;KUBD(TV) Denver and LPTV at FortCollins, Colo.; WCEE(TV) Mount Vernon,lIIiSt. Louis, and WTJC(TV) Springfield/Dayton, Ohio Value: $18.7 million ($18.3million in loans + $100,000 per station)Buyer: Paxson Communications Corp.(Lowell W. "Bud" Paxson, chairman) Seller:Christian Network Inc. (James L. West, chair-man, Lowell W. "Bud" Paxson, co-founder)KSWT(TV) Yuma, Ariz., and KTVH-TVHelena, Mont. Price: $8 million cash ($3.43million for KSwr) Buyer: Grapevine Commu-nications Inc. (Wendell S. Reilly, president)Seiler: John K. Radeck Broker: Sailors &Associates

24

STATION&CABLE 'lKAVINU

26 February 3 1997 Broadcasting &

Raycom Media Inc. (Bryan Kent Hawkins,president),.....KHGI-lV Kearney, KWNB-lV Hayes cen-ter and KSNB-lVSuperior Prlce:$12.75million Buyer: Pappas Telecasting Cos.(Harry J. Pappas, president) seller: FantBroadcasting Co. (Anthony J. Fant, presi-dent) Broker: Kalil & Co.

NewYodcWOCO(TV) Amsterdam/Albany Price: $2.5million Buyer: Christian Network Inc. (JamesL. West, chairman; Lowell W. "Bud" Paxson,co-founder) Seller: Cornerstone TeleVisionInc. (Oleen Eagle, president)WNYB(TV) Buffalo Price: $12 million (plustransfer of WTJA(TV) Jamestown, N,Y., to seil-er) Buyer: Grant Television Inc. (MiltonGrant, president) Seller: Tri-State ChristianTV Inc. (Garth W. Coonce, president) Bro·ker: Fox MediaWNYS-lV Syracuse (includes constructionpermit for LPTV at Mexico, N.Y.) Price:$4.245 million Buyer: RKM Media Inc.(Ronald W. Philips, president) Seifer: MetroTV Inc. (Craig L. Fox, president)WFXV(1V) utica (includes low-powerWUPN[TV]) Price: $3.2 million Buyer: SullivarBroadcasting Co. (J. Daniel Sullivan, presi-dent) Sellers: - WFXV: Mohawk ValleyBroadcasting Inc. (Craig Fox, 37.5% owner)-WUPN: Acme TV Corp. (Kevin O'Kane,president)

Notfh c.oHnaWAAP(TV) BurlingtonlWinston-SalemPrice: $5.5 million Buyer: Paxson Commu-nications Corp. (Lowell W. "Bud" Paxson,chairman) Seller: Television Communica-tions Inc. (debtor-in-possession; JackRehburg, president) Broker: Connelly Co.

WYDO(TV) Greenville Price: $1.5 millionBuyer: GOCOM Broadcasting Corp.(Richard L. Gorman, president) Seller: KSFamily Television Inc. (Frederick J. McCUnEprincipal)WRAZ(TV) Raleigh/Durham Price: $3.1million ($600,000 pius $2.5 million inassumptions) Buyer: Carolina BroadcastinSystem Inc. (Thomas H. Campbell, presi-dent) Seller: Tar Heel Broadcasting Inc..(Edward E. Hollowell, chairman)WRAY-lV WilsonlRaleigh/Durham Price$5 million Buyer: Ramcast Corp.(Rachamim Anatian, chairman) Seller: Wilson Telecasters Inc. (James Thrash, presi-dent) Broker: Blackburn & CoLetter of intent for WSFX-TV WilmingtolPrice: $10 million Buyer: Twin Towers Comunications Co. (Edward L. Gargano, prefdent) Seller: Wilmington Telecasters Inc. (Watts, president).

0IIi0WNWQ.TV Toledo Price: $39.5 millionBuyer: Malrite Communications Group In(John Chaffee, president) Seifer: WNWO

Mk:IJI#InWXON-lV Detroit Price: $175 million cashBuyer: Granite Broadcasting Corp. (W. DonCornwell, chairman) Seller: Aben E. John-son Jr. Broker: H.B. La Rue Media Brokers50% of WLAJ·lV Lansing Value: $17 mil-lion Buyer: Paul Brissette Jr. Seller: Joel I.Ferguson

"'"",..""KXLJ-lV St. CloudlMinneapolislSt. PaulPrice: $12 million Buyer: Paxson Commu-nications Corp. (Lowell W. "Bud" Paxson,chairman) Seller: KX Acquisition LP c/oLang Communications (Dale W. Lang,owner)

"'ississippiWDAM·lV LaurellHattiesburg Price: $6million Buyer: Media Broadcasting GroupInc. (Donald R. Tomlin Jr., president) Seller:

Holdings Inc. (Marshall W. Pagon, president)Seller: Bride Communications Inc. (John W.Bride, president)

If........".WNDS(TV) Derry, N.HJBoston PrIce: $18million Buyer: Ramcast Corp. (RachamimAnatian, chairman) Seller: CTV of Derry Inc.(Gerald Q. Nash, chairman)WHRC(TV) Norwell/Boston Price: $15 mil-lion Buyer: Christian Network Inc. (James L.West, chairman; Lowell W. "Bud" Paxson,co-founder) Seller: Massachusetts Redevel-opment LLC (Micheal L. Parker, president)

";.C

s Inc. (later Raycom' Media,'tions Inc.'s 15 TVs, two raral.lnc. buys Park Commeekly newspapers 8fo'"

ns merges into American R

acquires AFLAC Inc.'s seve

Seller: Clarion Broadcasting Corp. (DanielS. Dayton, president; before transfer Clarionwas 100% general partner; after transfer willbe 33.5% GP)WFXG(TV) Augusta and WXTX(TV)Columbus Price: $40.1 million Buyer: Gal-leria Broadcast Group LLC (managing mem-bers Gary D. Kneller, Bruce K. Lumpkin)Seller: John D. Pezold Broker: Stan Ray-mond & Associates Inc. (buyer)WTGS-lV HardeevUle, S.CJSavannahPrice: $7 million Buyer: LP Media Inc. (J.Curtis Lewis III, president) 5eiIer:Hilton HeadTelevision Inc. (Carleton D. Burtt, president)

'"inoisWYZZ(1V) BloomlngtonlPeoria Price: $23million Buyer: Sinclair Broadcast Group Inc.(David D. Smith, president) Seller: Bloom-ington Comco Inc. (Gerald J. Robinson,president)

LouisianaWVLA(TV) Baton Rouge Price: $23.975million Buyer: White Knight BroadcastingInc. (Sheldon H. Galloway, owner) Seller:Vetter Communications (Cyril Vetter, owner)

KlVE(1V) EI Dorado, ArtUMonroe Price:$9.5 million Buyer: GOCOM Television (RicGorman, CEO) Seller: Gray CommunicationsSytems Inc. (Ralph W. Gabbard, president)

MaineWPXT(1V) AuburnIPortland Price: $17.25million Buyer: Pegasus Communications

SPECIAL REPORT

$7.5 million Buyer: Paxson CommunicationsCorp. (Lowell W. "Bud" Paxson, chairman)Seller: Alpha & Omega CommunicationsLLC (Max Jarimillo, president)

VirginiaWJCB(TV) Norfolk Price: $6.75 million(merger) Buyer: Lockwood BroadcastingInc. (James L. Lockwood, CEO) Seller:Tidewater Christian Communications Corp.(Sam Jacobs, principal)

WashingtonKAYU-TV Spokane Price: $6.44 million($3.6 million in subordinated promissorynotes; $2,398,222 for stock; $441,778 forClass A LP interests) Buyer: Alta Subordi-nated Debt Partners III LP (Alta Subordinat-ed Debt Management Partners III LP, gener-al partner [Craig L. Burr, founding generalpartner]) Seller: Brian W. Brady Broker:Amsterdam Pacific

WisconsinWHKE(TV) Kenosha/Milwaukee Price:$6.1 million ($6 million forgiveness of debt;$100,000 cash) Buyer: Paxson Communica-tions Corp. (Lowell W. "Bud" Paxson, chair-man) Seller: Christian Network Inc. (JamesL. West, chairman; Lowell W. "Bud" Paxson,co-founder)

WMSN-TV Madison Price: $26.5 million cashBuyer: Sullivan Broadcasting Co. (J. DanielSullivan, president) Seller: Channel 47 LP c/oMadison GP (Ronald J. Koeppler, president)

KROQ-FMandKRTH-FMLosAngeles andKOME-FM,KFRc-AM-FMand KYCY(FM)san Francisco;WQYK-AM-FMTampalSt.Petersburg,

(arranged by price) ~:d; WZGc-FMWAOK(AM)-

WVEE(FM) Atlanta; WUSN-FM,WJJD(AM)-WJMk·FM, WCKG(FM) andWYSY(FM) Chicago; WBCN-FM, WZLX-FM, WBOS(FM) and WOAZ-FM Boston;WYCD(FM), WOMc-FM and WXYT(AM)Detroit; WFAN(AM) and WZRC(AM)-WXRK-FM New York; WYSP-FM andWIP(AM) Philadelphia; Kews(FM),KDMM(AM)-KVIL-FM, KLUV-FM,KYNG(FM), KRBV-FM and KHVN(AM)-KOAI(FM) Fort Worth/Dallas, andKXYZ(AM), WJFK(AM)-WUF-FM, WPGC-AM-FM, WJFK-FM and WCAO(AM)-WXYV(FM) BaltimorelWashington Price:$4.9 billion (merger) Buyer: WestinghouseElectric Corp.lCBS Inc. (Michael H. Jordan,chairman) Seller: Infinity Broadcasting Corp.(Mel Karmazin, president) Brokers: MerrillLynch & Co. (Infinity); Chase Securities Inc.,Salomon

FallsIMitchetl, KCLo-TV Rapid CIty andKPLo-TV ReilancelSloux FallsIMitchelPrice: $50 million Buyer: Young Broadcast-ing Inc. (Vincent Young, chairman) Seller:Midcontinent Media Inc. (Joseph H. Floyd,president) Broker: Kalil &Co.

r........eeWKZX(TV) CookevillelNashville Price:$1.2 million Buyer: Co-owners Michael V.and Steven C. Roberts SeIter: InaVisionBroadcasting Inc. (Ed Gilgenbach, president)Broker: Kalil & Co. Inc.WNAB(TV) Nashville Price: $2.2 millioncash for stock Buyer: Speer Communica-tions Holdings LP (General Hershey Inc.,general partner [Richard M. Speer, owner])Seller: Ruth Payne Carman

WXMT(TV) Nashville Price: $28.9 million(merger) Buyer: Mission Broadcasting I Inc.(David S. Smith, owner) Seller: Central Ten-nessee Broadcasting Corp. (Michael P.Thompson, president)

TexasKTAB-TV Abilene Price: $8 million Buyer:ShootingStar Inc. (Diane Sutter, president)Seller: Shamrock Holdings Inc. (Roy E. Dis-ney, chairman)

KYLE(TV) Bryan Price: $1.1 million Buyer:Communications Corp. of America (ThomasR. Galloway Sr., chairman) setter: SilentMinority Group Inc. (Rodger B. Wains, princi-pal)KFOX-TV EI Paso Price: $20.855 millionBuyer: Cox Enterprises Inc. (Nicholas D.Trigony, president) Seller: KFOX-TV Inc.(John B. Mulderrig, president)KINT-TV EI Paso (and KSVE(AM)-KINT-FM EIPaso) Price: $29.2 million Buyer: Entravi-sion Communications Co. LLC (Walter F.Ulloa, managing member) Seller: Paso delNorte Broadcasting Corp. (Jose Angel SilvaJr., president)

51% of KZJL(TV) Houston Price: $1.4 mil-lion for stock Buyer: Shop at Home Inc.(Kent E. Lillie, president) Seller: UrbanBroadcast Systems Inc. (Charles E. Walker,president)

KE-TV JacksonviliefTyler, and KLSB-TVNacogdochesfTyler Price: $17.1 millionBuyer: Max Media Properties LLC (John A.Trinder, president) Sellers: - KE-TV: LoneStar Broadcasting Inc. (James M. Buck III,principal) -KlSB-TV: KLSB Acquisition Corp.(Paul Lucci, president)

KRRT(TV) KerrvilielSan Antonio Price: $2million plus assumption of liabilities Buyer:Glencairn Ltd. (Edwin L. Edwards Sr., presi-dent) Seller: KRRT Inc. (John Kanzius, pres-ident)

KNVO(TV) McAllen/Brownsville Price:$24.8 million cash for stock (merger) Buyer:Entravision Merger Corp. (Walter F. Ulloa,chairman) Seller: LS Communications Ltd.

UtahKOOG-TV Ogden/Salt Lake City Price:

Associates (Ralph E. Becker, principal) Bro-ker: Media Venture Partners.........KMMZ·TV Oklahoma City Price: $6.395million Buyer: Paxson CommunicationsCorp. (Lowell W. "Bud" Paxson, chairman)Seller: Aracelis Ortiz Broker: Patrick Com-munications Corp.

PennsylvaniaWJAL·TV Hagerstown, MdJChambers-burg Price: $7.5 million cash Buyer: AlaHoldings Ltd. (Joseph M. Wolz, chairman)Seller: Good Companion Broadcasting Co.(Gerald Jacobs Sr., president)

.....,."settsW1CU-TV Erie Price: $11 million for stockBuyer: SJL Communications LP (George D.Lilly, president) Seller: Lamb Enterprises(Priscilla Lamb Schwier, president) Broker:Wood & Co.WFXP(TV) Erie Price: $5 million Buyer:Jason Elkin Seller: Erie Broadcasting Inc.(James Keirn, president)

WSEE·TV Erie Price: $12 million for stock8uyeI':WSEE Television 1996 Trust (JamesL Winston, trustee) 5el1er:NorthstarTelevi-sian Group Inc. (Mark Vander Starre, principal)

WYOU-TV Scranton Value: At least $23.3million Buyer: Nexstar Broadcasting GroupInc. (Perry Soak, president) Seller: DiversifiedCommunications (David H. Lowell, principal)

Puel'to Ilko5O"A. of WKPV(TV) Ponce, WSJN-TV sanJuan and WJWN-TV san Sebastian Price:$4 million for stock Buyer: Paxson Commu-nications Corp. (Lowell W. "Bud" Paxson,chairman) Seller: Housing DevelopmentAssociates SE (Don Blakeman, president)

Rhode IslandWPRI·TV Providence Price: $68 millionBuyer: Clear Channel Communications Inc.Seller: CBS Inc.

SofItII CarolinaWBNU-TV Charleston Price: $4.2 millionBuyer: Max Media Properties LLC (John A.Trinder, president) Seller: New View Broad-casting Inc. (Lawrence E. Steinberg, presi-dent) Brokers: Richard A. Foreman Associ-ates Inc. (buyer); Bergner & Co. (seller)

WFVT(TV) Rock Hill/Charlotte Price: $4million Buyer: TV 55 LLC (H. Wharton Win-stead Jr., president) Seller: Family Fifty-FiveInc. (Paul E. Hood, 20% owner)

WGSE(TV) Florence/Myrtle Beach Price:$1,500,010 Buyer: JME Media Inc. (JamesMcGregor Everett, president) Seller: Caroli-na Christian Broadcasting Inc. (James H.Thompson, president) Broker: BroomallEnterprises Inc.

SoutIr DakotaKELo-TV Sioux Falls/Mitchell and satel-lites KDLO-TV Florence/Sioux

\ ,

\,t,,~


STATION&CABLE TRADINGing Inc. (Robert F.X. Sillerman, executivechairmanl53.2% owner) Seller: Secret Com·munications LP (Frank Wood, president)Swap of WIOQ..FM and WUSL-FMPhiladelphia plus $10 million forWPEG(FM) Concord/Charlotte,WBAV(AM) Charlotte-WBAV-FM Gasto-nia/Charlotte, WFNZ(AM)-WRFX-FM andWNK5-FM Charlotte, N.C. Value: $250 mil-lion Swapper, WIOQ-FM, WUSL-FM: EZ Com-munications (Alan Box, president) Swapper,WPEG, WBAV-AM-FM, WFNZ-WRFX, WNKS-FM:Evergreen Media Corp. (Scott K. Ginsburg,chairmanl55.6% owner) Broker: Star MediaGroupWZZK-AM-FM and WODL-FM Birming-ham, Ala.; WEZN.fM Bridgeport, Conn.;WCFB(FM) Daytona Beach andWDBO(AM)-WWKA-FM and WZKD(AM)Orlando, Fla.; WJZF-FM LaGrange/Atlanta; WBBS(FM) FultonlSyra-cuse and WSYR(AM)-WYYY(FM) Syra-cuse, N.Y.; KRMG(AM)-KWEN(FM) andKJSR(FM) Tulsa, Okla., and KCJZ(FM)Terrell HIIlslS8n Antonio and KKYX(AM)-KCYV(FM) San Antonio Price: $250 milliorBuyer: Cox Broadcasting Inc. (Nicholas D.Trigony, president; Robert F. Neil, executiveVP/radio) Seller: NewCity CommunicationsInc. (Dick Ferguson, president)

WCKT(FM) Lehigh Acres/Fort Myers andWXRM-FM Naples Park/Fort Myers, Fla.;WNOE-FM and KLZJ-FM New Orleans;WHYN-AM-FM Springfield, Mass.;WXRA(FM) Eden and WSJS(AM)-WTQR(FM) Winston Salem, N.C.; KXXY·AM-FM and KTST(FM) Oklahoma City;WWBB(FM) Providence and WWRX·FMWesteriy, R.I.; WWDM(FM) Sumter andWARQ(FM) Columbia, S.C., andWREC(AM)-WEGR-FM and WRXQ..FMMemphis Price: $235 million Buyer: ClearChannel Communications Inc. (L. LowryMays, president) Seller: Radio Equity Part-ners LP (George Sosson, president)

KDFC(AM) Palo AftolS8n Francisco-KDFe-FM san Francisco, KKSF-FM SanFrancisco and WDA5-AM-FM Phlladel·phia Price: $218 million Buyer: EvergreenMedia Corp. (Scott K. Ginsburg, chair-man/55.6% owner) Sellers:- KDFC-AM-FM,KKSF-FM: Brown Organization (Michael.Brown, president; Phil Melrose, president,Brown Broadcasting Co.) - WDAS-AM-FM:Beasley Broadcast Group (George G.Beasley; president! owner) Broker: StarMedia Group Inc.KSOL(FM) San Mateo/San Francisco an,KYLZ(FM) Santa Cruz, Calif.; W1ND(AM)·WOJO(FM) Evanston/Chicago; KBNA-AM-FM and KAMA(AM) EI Paso,KGBT(AM)-KiWW-FM Harlingen,KLAT(AM) Houston, KMIA(FM) Jasper(moving to Winnie), KQXX(FM) McAllen,KLTN(FM) Port Arthur, KMPQ(AM) ROSEberg/Richmond, KCOR(AM), KROM·FMand KXTN·AM·FM San Antonio andKMIA(FM) Winnie, all Tex.; 26% ofKUNO(AM)-KSAB-FM Corpus Christi, T·

February 3 1997 Broadcasting & '

KYKY(FM) Sl Louis; WSQC-FM andWSSS{FM) Charlotte, N.C.; WBZZ(FM)and WZPT(FM) Pittsburgh; WlOQ(FM) andWUSL(FM) Philadelphia, and KRPM(AM),KYCW(FM), KMPs-AM-FM and KZOK-FMSeattle and KBKS(FM) TacomaJSeattie,Wash. Price: $655 million (merger) Buyer:American Radio Systems Corp. (Steven B.Dodge, chairman) Seller: EZ Communica-

tions (Alan Box, presi-dent)WHOO(AM)-WHTQ(FM)and WMMO(FM) Orlan-do, Fla.; WAOK(AM)-WVEE(FM) Atlanta;WCAO(AM)-WXYV(FM)Baltimore; WBOS(FM)BrooklinelBoston andWOAZ·FMLowelllBoston, andKRBV-FM Dallas andKHVN(AM)-KOAl(FM)Fort Worth, Tex. Price:$4tO million (merger)Buyer: Infinity Broadcast-ing Corp. (Mel Karmazin,president) Seller:Granum Holdings LP(Herb McCord, president)

KOOL-FM, K1S0(AM)·KZON(FM) andKOY(AM)-KYOT·FMPhoenix;WGMS(FM),WBIG(FM) andWTEM(AM) Washing-ton; WBOB(FM) andKQQL(FM) Minneapo-11sISt. Paul, andWOKY(AM)-WMIL(FM)WaukeshalMilwaukee,Wis. Price: $365 millionBuyer: Chancellor Broad-casting Co. (SteveDinetz, president; Hicks,Muse, Tate &Furst Inc.,90% owner) Seller: Col-

fax Communications Inc. (L. Steven Gold-stein, president)KTNQ(AM)-KLVE(FM) Los Angeles;WRTO(FM) Goulds, FIa.lMiami, WAQI(AM)and WQBA(AM)-WAMR·FM Miami;WLXX(AM) Chicago; KLSQ(AM) Laughlin,Nev.; WPAT(AM) Paterson, N.J./NewYork, WGLI(AM) Babylon, N.Y., andWADO(AM) New York, and in theDallas/Fort Worth market: KINF(AM) Den-ton, KICI-FM Corsicana, KMRT(AM) Dal·las, KMRT·FM GranbUry, KESS(AM) FortWorth, KECS(FM) Gainesville andKHCK(FM) Denton Price: $336 millionBuyer: Clear Channel Communications Inc.(L. Lowry Mays, presidenV22% owner) Selt·er: Heftel Broadcasting Corp., Las Vegas(Cecil Heftel, chairman)

WNDE(AM)-WRZX(FM) and WFBQ(FM)Indianapolis; WTAM(AM)-WLTF(FM)Cleveland, and WDVE(FM), WXDX·FM,WDSY·FM and WJJJ(FM) PittsburghPrice: $300 million Buyer: SFX Broadcast-

KBLA(AM) Santa MonIcaILos Angelesand KOVR(TV) StocktonlS8cramento,Calif.; WTTV(TV) Bloomington andWITK(TV) Kokomolboth IndlanapoUs;KDSM-TV Des MoInes, Iowa; KMEZ(FM)Belle ChasselNew Orfeans and WWl(AM),WLMG-FM and WSMB(AM) New Orleans,La.; KDNL-TV St. Louis, WVRV(FM)Wilmore, Ky.lEast St. Louis andKPNT(FM) St.GenevievelSl Louis,Mo.; KZSS(AM)-KZRR-FM Albuquerque andKLSK-FM Albu-querquelSanta Fe, N.M.;WBEN(AM),WWKB(AM), WKSE-FM,WMJQ..FM, WGR(AM)and WWWS(AM) Buffa·10, N.Y.; WLOS(TV)Asheville, N.C.;WSYX(TV) Columbus,Ohio; WKRZ-FM,WGGY-FM, WlLK(AM),WGBI(AM), WWSH-FM,WXPX(AM) andWQEQ(FM), all Wilkes-BalTelScranton, Pa.;WFBe-AM-FM,WORD(AM) and WSPA·AM-FM Greenville,WLOS(TV)Asheville/GreenvilleandWFBe-TVGreenville, S.C.; WRVR-FM, WJCE(AM)-WOGY·FM Memphis andWLAe-AM-FM andWJCE-FM Nashville,and KABB-TV SanAntonio, Tex. (and LMAwith KRRT-TV Ker·rvilielS8n Antonio)Price: $1.2 billion (merg-er) Buyer: Sinclair Broad-cast Group Inc. (David D.Smith, president) Seller:River City Broadcasting LP (Barry Baker,president) Broker: Communications EquityAssociates Inc.

KOPA(AM)-KSLX(FM)5cottsdalelPhoenix, Ariz.; KSEG(FM)Sacramento and KRXQ(FM)RosevlllelSacramento, Calif.; WXTB(FM)ClearwaterlTampa, WTBT(FM) New PortRicheylTampa and WTSP-TV Sl Peters-burglTampa, Fla.; WKL5-FM Atlanta;WDAF(AM)-KYYS(FM) Kansas City, Mo.;WKRe-TV, WKRQ(FM) and WWNK(FM)Cincinnati and WTVN(AM)-WLVQ(FM)Columbus, Ohio, and KEX(AM)-KKRZ(FM)Portland and KKCW(FM) BeavertonIPort·land, Ore. Price: $774 million (merger)Buyer: Jacor Communications Inc. (RandyMichaels, CEO) Seller: Citicasters Inc. (JohnZanotti, president)

KHTK(AM)-KNCI(FM) and KRAK-FMSacramento, Calif.; KBEQ..AM-FM (Kan.)and KFKF·FM (Mo.) Kansas City;KFNS(AM)-KEZK·FM, KSD-AM·FM and

28

WNND-FM Fuquay-Varina/Raleigh, N.C.,and KJOJ-AM-FM FreeportlHouston, Tex.;Joint sales agreements with WOWI-FMand WJCD(FM) Norfolk and WSVY-AM-FMPortsmouth, Va. Price: $140 million (merg-er) Buyer: Clear Channel CommunicationsInc. (L. Lowry Mays, president) Seller: USRadio Group Inc. (Ragan A. Henry, chair-man/SO.9% owner)KMJ(AM)-KSKS(FM) and KKDJ(FM) Fres-no and KCTC(AM)·KYMX(FM) sacramen-to, calif.; KFAB(AM)-KGOR(FM) Omaha,Neb., and KBBT(AM)-KUFO(FM) Portland,Ore. Price: $115 million Buyer: AmericanRadio Systems Corp. (Steven B. Dodge,chairman) Seller: Henry Broadcasting Co.(Charlton Buckley, chairman) Broker: MediaVenture PartnersWAAX(AM)-WQEN(FM) Gadsden, Ala.;WOLZ(FM) Fort Myers and WKlI(AM)-WEEJ(FM) Port ChariotteIFort Myers, Ra.;WWNC(AM)-WKSF(FM) Ashevflle, N.C.;WlNG-FM DaytonlSpringfleld, Ohio;WTJS(AM)-WTNV(FM) Jackson andWYNU(FM) Milan/Jackson, Tenn.; WKWK-AM-FM, WWVA(AM)-WOVK(FM) andWEGW(FM), Wheeling and WHLX(FM)BethlehemlWheellng, W.Va., and 50% ofWDRR(FM) SanlbellFort Myers, Fla. PrIce:$111.4 million (merger) Buyer: CapstarBroadcasting Partners Inc. (R. Steven Hicks,chairmanl3.2% owner Seller: Osborn Com-munications Corp. (Frank D. Osborn, presi-dentl6.3% owner) Broker: Bankers Trust,Robert Chaisson (seller)Swap of WFYV-FM Atlantic Beach/Jack-sonville and WAPE-FM JacksonVille, Ra.,for Long Island, N.Y.-market stationsWGBB(AM) Freeport·WBAB.FM Babylon,WBLI(FM) Pstchogue and WHFM(FM)Southhampton Value: $1 08 million Swap-per, WFYV-FM, WAPE-FM: Chancellor Broad-casting Co. (Steve Dinetz, president) Swap-per, Long Island stations: SFX BroadcastingInc. (Robert F.X. Sillerman, executive chair-man/53.2% owner) Broker: Star MediaGroup Inc.

KCEE·AM·KWFM(FM) and KNST(AM)-KRQQ(FM) Tucson, Ariz.; WOKV(AM)-WKQL(FM), WIVY(FM) and WPDQ(AM)JacksonVille, Ra.; KNSS(AM)-KKRD(FM)Wichita and KRZZ-FM DerbylWlchlta,Kan.; WWKY(AM)-WVEZ(FM) andWTFX(FM) louisville, Ky., and WZZU(FM)Burlington/Graham/Raleigh andWDCG(FM) Durham/Raleigh, N.C. Price:$105.25 million Buyer:SFX BroadcastingInc. (Robert F.X. SiJlerman, executive chair-man/53.2% owner) Seller: Prism RadioPartners LP (Bill Phalen, president) Broker:J.P. Morgan

Swap involving KISW(FM) Seattle; WDSY-FM and WNRQ(FM) (to be WJJJ) Pitts-burgh, and KTBZ(FM) LakeJackson/Houston, Tex. Value: $105 millionSwapper, WDSY-FM, WNRQ(FM): EntertainmentCommunications Inc. (Joseph M. Field, pres-identl70.3% owner) to Secret Communica-tions LP (Frank E. Wood, president) Swap-

• SlATlON&CAHLb IKAVINUper, KISW: Nationwide Communications Inc.(Steve Berger, president) to Entereom;Secret trades rights to acquire KTBZ toNationwide Broker: Gary Stevens

KSJO(FM) San Jose and KUFX(FM)Gilroy/san Jose, calif., and KUPL-FMPortland and KKJZ(FM) LakeOswegolPortland, Ore. Price: $1 03 millionBuyer: American Radio Systems Corp.(Steven B. Dodge, chairman) Seller: Bay-Com Partners LP (Jack McSorley, COO/gen-eral partner; Triad Capital Management Inc.,partner) Broker: Media Venture Partners

K1SO(AM)-KZON(FM) and KOY(AM)-KYOT·FM Phoenix, ArIz.; KARO(FM)NampalBolse and K1DO(AM}-KLTB(FM)Boise, Idaho, and WOKY(AM) Milwaukee-WMIL(FM) WaukeshaIMIlwaukee, Wis.Price: $95 million Buyer: Colfax Communi-cations Inc. (L. Steven Goldstein, president)Seller: Sundance Broadcasting (Mike Jor-genson, president) Broker: Kalil &Co.Swap of WOMX-FM Orlando, Fla., pius$43.5 million for WMJI(FM) andWMMS(FM) Cleveland Value: $93.5 million(includes $1.5 million consulting agreement)Swapper, WOMX-FM: Nationwide Communi-cations Inc. (Steve Berger, president) Swap-per, WMJI, WMMS: OmniAmerica Group (CarlE. Hirsch, chalrman) Brokers: Star MediaGroup Inc. (OmniAmerica); Crisler Co.(Nationwide)Swap of WAXQ(FM) New York forKNDD(FM) Seattle and KBSG(AM)Auburn/Federal Way-KBSG-FM Tacoma,Wash. Vslue: $91.2 million SwtIpper, WAXO:Entertainment Communications Inc. (JosephM. Field, president) SWllpper, Washingtonstations: Viacom Intemationallnc. (SumnerM. Redstone, president) Broker: Media Ven-ture PartnersSwap of KPOP(AM)-KGB·FM San Diegofor KSLX·AM-FM Scottsdale, Ariz. Value:$90 million. Swapper, KPOP(AM)-KGB-FM:Nationwide Communications Inc, (SteveBerger, president) Swapper, KSLX-AM-FM:Jacor Communications Inc. (RandyMichaels, CEO)Swap of KRRW(FM) Dallas/Fort Worthand KTXQ(FM) Fort Worth/Dallas forWHFS(FM) Annapolis, MdJBaltlmore/Washington Value: $80 million Swapper,KTXO, 'KRRW: Westinghouse Electric Corp.!CBS Inc. (Michael H. Jordan, chairman)Swapper, WHFS: SFX Broadcasting (RobertF.X. Sillerman, executive chairman/53.2%owner) Broker: Star Media Group Inc.

Los Angeles-market stations KVAR(FM)Riverside, KSZZ(AM) San Bernardino andKCAL(AM) RedlandslSan Bernardino;KRCX(AM) RosevlllelSacramento andKMYC(AM)-KSXX-FM Marysville/sacra-mento, calif., and KOTK(AM)-K1NK-FMPortland, Ore. Price: $80 million Buyer:EXCL Communications Inc. (ChristopherMarks, chairman; Latin CommunicationsGroup Inc., 80% owner) Seller: EmbarcaderoMedia Inc. (Luis G. Nogales, chairman)

Value: $210 million (merger) Buyer: HeftelBroadcasting Corp.lClear Channel Commu-nications Inc. Seller: TIChenor Media Sys-tems Inc. (McHenry T. Tichenor Jr., presi-dent/1 0.1 % owner) Broker: Star MediaGroup Inc.WINE(AM)-WRKI(FM) Brookfield,WNLK(AM)-WEFX(FM) Norwalk andWSTC(AM)-WKHL(FM) Stamford, allConn.; WJBR-AM-FM Wilmington, Del.;WKQS(FM) GlffordlVero Beach,WZZR(FM) Stuart and WQOL(FM) andWAXE(AM)-WAVW(FM) Vero Beach, allFla.; WPUT(AM) Brewster, WVIB(FM)Mount Kisco, WVYB(FM) Patterson, andWFA8-AM-FM White Plains, all N.Y.;WBVB(FM) Coal Grove and WlRO(AM)and WMLV(FM) Ironton, Ohio; WAEB-AM·FM Allentown and WZZO(FM) Bethlehem,Pa., and WKEE-AM-FM and WHRO(AM)Huntington, WTCR(AM) KenovalHuntlng-ton-WTCR-FM Huntington, WZZW(AM)Milton and WFXN-FM MlltonlHuntlngton,all W.Va. Price: $200 million Buyer: Cap-star Broadcasting Partners (A. Steven Hicks,president/3.2% owner) Seller: CommodoreMedia Inc. (Bruce A. Friedman, president)Brokers: BT Securities (Hicks Muse); MediaVenture Partners, CIBS Wood Gundy (Com-modore)

Swap of WTSP-TV St. PetersburglTampa,Fla., for KIIS(AM)-KFMC(FM) Los Angeles,KSDO(AM)-KCLX·FM San Diego andWDAE(AM)-WUSA-FM Tampa Value:$190million Swapper, WTSP-TV: Jacor Communi-cations Inc. (Randy Michaels, CEO) Swap-per, radios: Gannett Co. Inc. (John Curley,chairman)KUDL-FM and KMXV(FM) Kansas City,Mo.; KBGQ-FM, KSNE-FM and KFM8-FMLas Vegas and KWNR(FM) Hendersonand Las Vegas, Nev.; WEZL(FM) andWXLY(FM) Charleston, S.C., and KUTa-FM BountifUl, KZHT(FM) Provo,KALL(AM)-KODJ(FM) Salt Lake City andKKAT(FM) Ogden/Salt Lake City, all UtahPrice: $184.7 million Buyer: Jacor Commu-nications Inc. (Randy Michaels, CEO) Seil-er: Regent Communications (Terry S.Jacobs, president)

XETRA·AM-FM TIJuana, MexlcolSanDiego; KHOW(AM)-KHIH(FM) Denver andKBCQ-AM-FM Boulder/Denver, Colo.;KATZ(AM)-KMJM(FM) St. Louis and KNJZ-FM Alton, 1IIJSt. Louis, and WSPD(AM)-WVKS(FM) Toldedo and WRVF-FMBeavercreekIToledo, Ohio Price: $152 mil-lion (merger) Buyer: Jacor CommunicationsInc. (Randy Michaels, CEO) Seller: NobleBroadcast Group Inc. (John Lynch, CEO)Broker: Crisler Capital Co.KMJX(FM) Conway/Little Rock andKDDK(FM) Jacksonvllle/Little Rock, Ark.;WRAW(AM)-WRFY-FM Reading, Pa.;WDIA(AM)-WHRK-FM Memphis; KHEY-AM-FM and KPRR(FM) EI Paso, Tex., and40% of WKKV(FM) Racine, Wls.lMllwau-kee; LMAs with options to bUyWQOK(FM) S. Boston, Va.lRaleigh and

I'

30 February 3 1997 Broadcasting & CablE

SPECIAL REPORT

WQRS-FM DetroIt, WFLN.fM Philadelphia backer) Seller: Southern Skies Corp. (Jerry KOEl-AM-FM: Bergner & Co.I lC. and WTMI-FM Miami PrIce: $67 million Atchley, president) Brokers: Sillerman Cos. WDSM(AM)-KZIO(FM) and KXTP(AM)l' (seller simultaneously buys back WTMI-FM for (buyer); Star Media Group Inc. (seller) Superior, Wis., and KTCO(FM) Duluth,,

$18 million) Buyer: American Radio Sys- Swap of WHTQ(FM), WHOO(AM) and Minn. Price: $3.8 million Buyer: Shockleytems Corp. (Steven B. Dodge, president) WMMO(FM) Orlando, Fla., plus $20 mil- Communications Corp. (Terry K. Shockley,

I Seller: Marlin Broadcasting Inc. (Howard lion, for WCKQ(FM) Elmwood ParklChlca· principal; Sandy Shockley, executive:u "Woody," Tanger, president) Broker: Black- go and WYSY-FM Chicago Value: To be VP/radio) sellers: Patricia McNulty, Kenbum &Co. (WTMI) determined by 90 days after closing Swap- Buehler Broker: Patrick Communications

I lion Swap of WEAT-AM-FM West Palm Beach per, WHTO, WHOO, WMMO: Infinity Broadcast- Corp.I and WOLL-FM Rivera BeachJWest Palm ing Corp. (Mel Karmazin, president) Swap- Swap of KKSO(AM) Des Moines-:-..;- Beach, Fla., for KSTE-FM Rancho Cordo- per, WCKO, WYSV-FM: COX Broadcasting Inc. KJJY(FM) Ankeny/Des Moines, Iowa, forJO/gen- vatSacramento, Calif. Value: $40.25 million (Nicholas D. Trigony, president) WCSO(FM) Portland and WLPZ(AM)r' ~nc., Swapper, KSTE-FM: American Radio System- WCUZ-AM-FM Grand RapIds, Mich., and Westbrook, Maine, and WHOM(FM) MountI sCorp. (Steven B. Dodge, chairman) Swap- KQLL(AM) Tulsa-KQLL-FM OwassolTulsa Washington, N.H. Price: $3.5 million

per, Florida stations: Chancellor Corp. and KOA5-FM Tulsa, Okla. Price: $15.4 (Swapper of Iowa stations also must assignI) (Steve Dinetz, president) Broker: Star Media million Buyer: Clear Channel Communica- purchase agreement for WZPK-FM Berlin,;R4) Group Inc. tions Inc. (L. Lowry Mays, president) seller: N.H.) Swapper:wcso, WlPZ, WHOM: WCSO

:ee- KMZQ-FM and KJMZ(FM) Henderson, Pathfinder Communications Corp. (John Broadcasting LP (Barnstable BroadcastingI KVEG(AM) North Las Vegas and Dille III, presidentl75% owner) Inc., general partner [Albert J. Kaneb,lITIuni- KFBI(FM) Pahrump, all Nev., and KRMD-AM·FM Shreveport, La., and VP/owner]) Swapper, KKSO-KJJV: Fuller-Jef-,ident) KMJI(AM)-KSFM(FM) WoodlandlSacra- WJMZ-FM Anderson/Greenville, S.C. frey Broadcasting Cos. (Robert F. Fuller,Jr- mento, Calif. PrIce: At least $38 million Price: $15 million Buyer: Benchmark Com- presidenV50.003% owner) Broker: Ameri-

Buyer: American Radio Systems Corp. munications (Bruce R. Spector, general part- com Radio Brokers Inc.,rus (Steven B. Dodge, chairman) Sellers: ner) Seller: AmCom General Corp. (George KMJI(AM) Sacramento, Calif., and

- KMZQ-FM, KFBI, KVEG(AM): Crescent Commu- R. Francis Jr., presidenVowner) KMPS(AM) Seattle Price: $3.5 millionillion nications LP (Allen Shaw, presidenVowner) WKEE-AM-FM and WHRD(AM) Huntlng- Buyer: Salem Communications Corp.ant) - KJMZ: Parker Communications (John D. ton and WZZW(AM)-WFXN(FM) Mlhon, all (Edward G. Atsinger III, presidenVco-owner):_ni- Parker, ellairman) - KMJI-KSFM: Secret Com- W.Va., and WBVB-FM Coal Grove and seller: EZ Communications Inc.lAmerican

Swap- munications LP (Frank E. Wood. president) WIRO(AM)-WMLV(FM) Ironton, Ohio Radio Systems Corp. (Steven B. Dodge,~ 'r:arl Brokers: Media Venture Partners (Vegas Price: $12 million Buyer: Commodore president) Broker: Gary Stevens (seller)I ia stations); Blackbum & Co. Inc. (Sacramento Media Inc. (Bruce A. Friedman, president) KVIK(FM) Decorah, Iowa, and KQYB(FM)stations) Note: Besides acquiring KMJI-KSFM

from Secret Communications LP, ARS will sellers: - WKEE-AM-FM, WZZW(AM), WBVB-FM, Spring Grove and KSOF(FM) Caledonia,get $20 million. In tum, ARS will trade to WIRO(AM): Adventure Communications Inc. Minn. Price: $2.814 million Buyer:Secret its WORS-FM Detroit and WFLN-FM - WHRO(AM), WFXN(FM), WMlV(FM): Simmons Marathon Media LLC (Bruce Buzil, 90%Philadelphia

Broadcasting Co. (David L. Simmons, owner) seller: Greg Wennesana, VP/51 % owner) Broker: Media Venture

; WAXO: Swap of WKLB-FM Framingham/Boston Partners WDIF(FM) Marlon and WHMQ(FM) North(Joseph for WEBR(FM) Washington Value: $34 mil- KWLO(AM)-KFMW·FM Waterloo/Cedar

Baltimore, Ohio, and WKYG(AM)-on lion Swapper, WKlB-FM: Evergreen Media Rapids, Iowa, and WDEF-AM·FM Chat-

WXKX(FM) Parkersburg, W.Va. Price: Atner Corp. (Scott Ginsburg, chairman) Swapper, least $2.782 million ($1.722 million for WOlF;

JIlIVen- WEBR-FM: Greater Media Inc. (Peter A. Bor-tanooga, Tenn. Price: $11.2 million ($7.7 $1.02 million for WHMO; at least $40,000 for

des, chairman/owner)million for Chattanooga stations; $3.5 million WKYG-WXKX) Buyer: Burbach Broadcastingfor Iowa stations) Buyer: Bahakel Communi- Co. (John L. and Suzanne C. Laubach, joint, JO WIRA(AM)-WCLB(FM) West Palm cations Ltd. (Cy N. Bahakel, CEO) 56l1er: 52.1 % owners) sellers: - WOlF: Janice

rue: BeachlFort Pierce, Fla.; WENZ-FM Cleve- Park Communications Inc. (Wright M. Scantland - WHMO: Bulmer Communications'WI'~ land, and WVSR-AM-FM Charleston and Thomas, president) Broker: Media Venture of Findlay Inc. (John A. Bulmer, president)lve WBES-FM Dunbar/Charleston, W.Va. Partners - WKYG-WXKX: Fritz Communications Inc.~r.~: Price: $31.8 million Buyers: - WIRA(AM)- WCCQ(FM) CrestHIII/Jollet, III.; (Jack W. Fritz II, president)WCLB(FM): Fairbanks Communications Inc. KQAD(AM)-KLQL(FM) Luverne, Minn.; WHYS(AM)-WBDY·FM Bluefield and(Richard M. Fairbanks, president) - WVSR- KTTT(AM)-KKOT(FM) Columbus andH1h AM-FM, WBES-FM: Bristol Broadcasting Co. Inc. KMEM(AM)-KNET(FM) Lincoln, Neb., and

WBBY(FM) Cedar Bluff, Va., and,r (W.L. "Pete" Nininger, presidenV89.29% KBRK·AM-FM Brookings and KIJV(AM)- WKOY(AM) Bluefleld-WKMY(FM) Prince-

owner) - WENZ-FM: Clear Channel Communi- KZNC(FM) Huron, S.D. Price: $1 0.2 million ton, W.Va. Price:$1.795 million Buyer:cations Inc. (L. Lowry Mays, president) sell- New Adventure Communications Inc.

" er, er: Ardman Broadcasting Corp. (Myer Feld-Buyer: Three Eagles Communications Co. (Michael R. Shott, president; Adventure

orp.l (Rolland C. Johnson, CEO; Gary Buchanan,in) man, president) Broker. Blackburn & Co. president) sellers: - wcco: TKO Broadcast-

Communications Inc., 50% owner) sellers:

:>art (seller) ing LLC (Scott Krusinksi, president) - All- WHYS, WBOV-FM, WBBV: Bluefield Broadcast-

% Swap of KRPM(AM)-KCIN-FM Seattle for other stations: Radio One Broadcasting (Raying Co. (George F. Barnes Jr., president)

WRNO-FM, WEZB-FM and WBYU(AM) Lamb, presidenVowner) Brokers: Chapin - WKOV-WKMV: Country Broadcasting Corp.:(;; (Richard T. Judy, president)New Orleans Price: Value: $25 million Enterprises, Star Media (sellers)l(FM) Swapper, KRPM(AM)-KCIN-FM: Heritage Media WGBF(AM) Evansvllle, Ind.-WGBF-FM KDGO(AM)-KWXA(FM) Durango, Colo.,and: Corp. (James Hoak, chairman) Swapper, Henderson, Ky., and KOEL-AM-FM 081-

and KENN(AM)-KRWN(FM) Farmington,

Itno!WRNO-FM, WEZB-FM, WBVU(AM): EZ Communi- weln/Cedar Falls, Iowa Price: $9.2 million N.M. Price: $1.72 million Buyer: Roberts

aa-cations Inc. (Alan Box, president) Buyer: Connoisseur Inc. (Jeffrey D. War- Radio LLC (Robert W. Pittman, chair-

.CI,.1 KMVK(FM) Benton/Little Rock and shaw, presidenVowner) sellers: - WGBF-AM- man/13% owner; Robert B. Sherman, presi-KSSN(FM) Little Rock, Ark., and FM: Aiken Communication Corp. (Larry denV.7% owner) seller: Kenneth KendrickI Broker: Kalil & Co. (seller)

: r KZSN(AM) Wlchlta-KZSN-FM Hutchin- Aiken, president) - KOEl-AM-FM: Indepen-)ns sonlWichita, Kan. Price: $24.5 million dence Broadcasting Corp. (Peter Sulick, WGIR-AM-FM Manchester, N.H.; and!rcadero Buyer: Triathlon Broadcasting Co. (Norm president) Brokers: WGBF-AM-FM: Media Ven- WEZF(FM) Burlington, Vt., and

Feuer, president; Robert F.X. Sillerman, ture Partners (buyer); John Bowen (seller); WTAG(AM)-WSRS(FM) Worcester, Mass.

19-& Cable Broadcasting & Cable February 3 1997 3

• STATION&CABLE TRADING

J

i'

I

32

Price: $1.386 million Buyer: Brothers Ran-dolph H., Robert A. and N. Scott Knight(sons of seller; each will be 16% owner aftersale) seiter: Norman Knight, (54.8% ownerbefore salel26% owner after sale)WCLY(AM) RalelghlOurham, N.C., andWLLV(AM) Louisville, Ky. Prlce:$1 millionBuyer: Mortenson Broadcasting Co. (JackM. Mortenson, president) Seller: Argie Dale

AIIIbIImaWHMA·AM-FMAnniston Price:At least $25.05million ($15.05million plus $20million for CP forClassC-1 FMfacility, $13 mil-lion for CP for

Class C-2 FM facility or $10 million for CP forClass C-3 facility or below) Buyer: Susque-hanna Radio Corp. (David E. Kennedy, pres-ident) seller: Sapphire Broadcasting Inc.(Hoyt J. Goodrich, partner)WHOS(AM)·WDRM(FM) Decatur andWBHP(AM) Huntsville Price: $23 million(merger) Buyer: Osborn CommunicationsCorp. (Frank D. Osborn, president) seller: J.Mack Bramlett Broker: Stan Raymond &AssociatesWKSJ(AM) PrlchardlMoblie-WKSJ·FMMobile and WMYC(FM) Mobile PrIce:$11.27 million Buyer: Capitol BroadcastingCo. LLC (Kenneth S. Johnson, president)seller: Gardner Broadcasting Inc. (WayneGardner, president) Broker: Blackburn &Co.

WACT·AM-FM Tuscaloosa Price: $1 mil-lion Buyer: Osborn Communications Corp.(Frank D. Osbom, president) Seller:TaylorCommunications Corp. (Edward L. Taylor,chairman) Broker: Media Services GroupInc.

WTNW(AM)·WFFX(FM) (to be WBHJ)Tuscaloosa Price: $2.8 million Buyer: H&PRadio LLC (H. Carl Parmer, Cecil Heftel, co-owners) Seller: Alabama Universal Corp.(James L. Kirk II, president)

AlaskaKHAR(AM)·KBRJ(FM) Anchorage,KJNO(AM)·KTKU(FM) Juneau,KTKN(AM)·KGTW(FM) Ketchikan andKIFW(AM)-KSBZ(FM) Sitka Price: $3.5 mil-lion (includes $3.3 million assumption ofdebt) Buyer: Steven L. Rhyner Seller:Media Ltd. (E. Roy Paschal, general partner)

ArizonaKFLG-AM-FM Bullhead City Price: $1.675million Buyer: Continental Radio Broadcast-ing LLC (David F. Peschau, president) seil-er: Guyann Corp. (Guy Christian, owner)Broker: Rowan Media Brokers

KOOL·AM-FM Phoenix Price: $35 millionBuyer: Colfax Communiations Inc.(L. Steven Goldstein, president) Seller: ParBroadcasting Co. (Steve Jacobs, president)Broker: Kalil & Co.KXEW(AM) South TucsontTucson andKOHT(FM) Marana PrIce: $2.725 millionBuyer: Big Broadcast of Arizona LLC (Arthur"Art Laboe" Egnoian, president) Seller: Cac-tus Broadcasting LP (Frank Lazarus, generalpartner)KEZC(AM)-KJOK.FM Yuma Prlce:$1.375million Buyer: MonsterMedia LLC (WesternNewspapers Inc., Gordon Keith Lewis, co-owners) setler: Magnamedia Inc., (JimStowe, president)

ArluI.....KAAB(AM) Batesvllle-KWOZ(FM) Moun·taln View Price: $1.05 million for stockBuyer:WRD Entertainment Inc. (Preston W.Grace Jr., president) Seller: John DanKemp, Daniel E. Thomas, Guy W. Moseley(before sale owned 74.6% of FM, 51% ofAM; after sale owns 0% of both)KWHN(AM)-KMAG(FM) Fort Smith Price:$3.5 million Buyer: GulfStar Communica-tions Holdings Inc. (John Cullen, president)seller: Ft. Smith FM Inc. (DaVid Baugher,president) Broker: Media Venture Partners

CalHomiaKHIS·AM·FM Bakersfield Price: $2.65 mil-lion Buyer: Hemisphere Broadcasting LLC(Clifford N. Burnstein, Peter D. Mensch,owners) seller: International Church of theFoursquare Gospel Inc. (James Rogers,executive assistant) Broker: Sterling Associ-ates

30.9% of KLOC(AM) ceres and KTDO(FM)Columbia, Calif. Price: $1 ,442,448 for stockBuyer: Silverado Broadcasting Co. (John A.Winkel, president) Seller: Clock Broadcast-ing Co. (Michael Sturtevant, president)KNSN(AM) Chico and KHSL·FM ParadisePrice: $1.466 million Buyer: McCoy Broad-casting Co. (Craig W. McCoy, president)seller: Alta California Broadcasting Inc.(John C. Power, president) Broker: ExlineCo.

SOOIO of KBRG(FM) Fremont, KLOK(AM)San Jose-KLOK·FM Greenfield andKVRG(AM) Soledad·KVRG·FM seasidePrice: $15 million Buyer: Latin Communica-tions Group Inc. (Peter Davidson, president)Seller: Estelle Gonzales-Walgreen 51 %owner, (and other shareholders)

KOQO(AM} Clovis·KOQO-FM Fresno andKSRQ(AM) Sacramento Price: Payment of$4.2 million in debts/stock (merger) Buyer:Silverado Broadcasting Co. (John A. Winkel,president/trustee, Winkel Family Trust) Sell·er: D&V Equinox XX Inc. (Dwight Casey,president)

KOQO(AM) Clovis/Fresno·KOQO·FMFresno and KXOA-AM-FM and KQPT(FM}Sacramento Price: $56 million Buyer:American Radio Systems Corp. (Steven B.

Dodge, chairman) Sellers: - KXOA-AM-FM,KOPT: Brown Broadcasting Co. (Phil Melrose,president) - KOClO-AM-FM: 0&V Equinox XXInc. (Dwight Casey, president) Broker:Media Venture Partners (Sacramento sta-tions); W. John Grandy Radio Brokers (Fres-no stations)KDE8-AM-FM Palm Springs Price: $2 mil-lion Buyer: Rozene R. Supple seller:Tourtelot Broadcasting Co. (Joseph V.Tourtetot, 72.5% owner)KHJJ(AM)-KGMX(FM) LancasterlPalmdalePrice: $1 ,437,500 Buyer: Point Broadcast-ing Co. (John Q. Hearne, president) Seller:Eric-Chandler Communications of AntelopeValley Inc. (Tom Miserendino, Robert Ged-des, owners) Broker: Media Venture Part-nersKNRO(AM) Reddlng-KARZ(FM)Burney/Redding Pries: $1.2 million Buyer:Power Curve Inc. (John C. Power, president)Seller: Merit Broadcasting Corp. (Jeff Martin,president)KCEO(AM) Vista/San Dlego-KUPR·FMCarfsbadlSan Diego Price: $32 millionBuyer: Nationwide Communications Inc.(Steve Berger, president) Seiter: Tri-CitiesBroadcasting ltd. c/o Philadelphia MusicWorks (Ken Gross, president) Brokers:Gary Stevens & Co. (buyer); Media VenturePartners (seller)

KOGO(AM)-KKLQ-FM, KCBQ(AM) andKIOZ(FM) San Diego Value: $72 millionBuyer: Jacor Communications Inc. (RandyMichaels, CEO) Seller: Par BroadcastingCo. (Steve Jacobs, president) Broker: Kalil&Co.

KPOP(AM)·KGB·FM San Diego Price: $50million Buyer: Nationwide CommunicationsInc. (Steve Berger, president) seller: BrownBroadcasting Co. (Phil Melrose, president)Broker: Gary Stevens & Co. (buyer)

KKSJ(AM)-KBAY(FM) San Jose/San Fran-cisco Price: $31.212 million Buyer: Ameri-can Radio Systems Corp. (Steven B. Dodge,chairman) seller: United Broadcasting Co.(Andrew MoJasky, president) Broker: MediaVenture Partners

KIST(AM) Santa Barbara·KMGQ-FM Gole-ta/Santa Barbara Price: $3.5 million Buyer:Engles Enterprises Inc. (Steven B. Engles,president) seller: Channel Islands Broad-casting Inc. (Michael Micassio, president)Broker: Media Services Group Inc. (buyer)

KTMS(AM)·KHTY(FM) Santa BarbaraPrice: $2 million Buyer: Engles EnterprisesInc. (Steven B. Engles, president) Seller:Atmor Properties Inc. (Lee W. Shubert, pres-ident) Broker: Exline Co.

KSRO(AM}·KXFX(FM) Santa Rosa,KLCQ(FM) Healdsburg/Santa Rosa andKMGG(FM) Monte Rio/Santa Rosa Price:$8.7 million Buyer: Amaturo Group Ltd.(Joseph C. Amaturo, general partner) sell·ers: - KLCO, KSRO-KXFX: Fuller-Jeffrey Broad-casting Cos. Inc. (Robert F. "Doc" Fuller,president) - KMGG: Pacific Radio Santa Rosa

February 3 1997 Broadcasting & Cable

~PECIAL KEPUK1.

,~se.

,xXXr'

1-'res-

t? mil-

"",dale: ISt-i 'er:te10peGed-

rt-

Buyer:"lent)artin,

FM

!~"..asJsicr!:'

ture

andlion

1dy9

nf

KerrtuckyWLAP(AM)-WMXL(FM) lexington andWWVe-FM Winchester Price: $14 millionplus assumption of obligations Buyer: JacorCommunications Inc. (Randy Michaels,CEO) Seller: Trumper Communications Inc.(Jeffrey E. Trumper, president)

WTKT(AM)-WXZZ(FM) Georgetown/Lex-ington and WKQQ(FM) Lexington Price:$24 million Buyer: Jacor CommunicationsInc. (Randy Michaels, CEO) seller: VillageCommunications Inc. (James A. Heavner,president) Broker: Media Venture Partners

WHKW(AM) Louisville and intellectualrights to WHKW·FM Louisville Price: $1million Buyer: Clear Channel Communica-tions Inc. (L. Lowry Mays, president) seller:Regent Communications Inc. (Terry S.Jacobs, president)

WWKY(AM)-WVEZ(FM) and WTFX(FM)Louisville Price: $19.5 million Buyers:-WTFX, "-IfflKY: Clear Channel CommunicationsInc. (L. Lowry Mays, president) - WVEZ :Regent Communications Inc. (Terry S.Jacobs, president) seller: SFX BroadcastingInc. (Robert F.X. Sillerman, executive chair-man)

WNBS(AM) and WSJP(AM)-WBLN-FM Mur-ray Price: $2.8 million Buyer: WRUS Inc.(William McGinnis, president) seller: SamuelParker Broker: Media Venture Partners

WVJS(AM) and WSTO(FM) OwensboroPrice: At least $7 million Buyer: Brill MediaCo. Inc. (Alan Brill, president) Seller:Owensboro On the Air Inc. (Leonard andClaire Tow, owners) Brokers: Patrick Com-munications Corp. (buyer); Edwin Tornberg& Co. (seller)

WPAD(AM)-WDDJ(FM) Paducah Price:$2.9 million Buyer: Bristol Broadcasting Co.Inc. (W.L. Nininger, president) Seller: RobertLee Hagan

IndianaWJOB(AM) Hammond-WZVN(FM) MerrillvillePrice: $5.3 millionBuyer: M&M Broadcast-ing Inc. (Thomas McDer-mott, president) Seller:Julian Colby (chairman)Broker: George Jenni-son

IowaKBUR(AM)-KGRS(FM)BUrlington Price:$1,560,725 (mostly forstock) Buyer: John M.Weir seller: James M.and Mary J. Livengood(joint tenants/58.84%owners)

WMT-AM-FM Cedar Rapids andWHO(AM)-KLYF(FM) Des Moines Price:$52.5 million cash Buyer: Jacor Communi-cations Inc. (Randy Michaels, CEO) seller:Palmer Broadcasting LP (Joseph Lentz,president) Brokers: Kalil &Co. (buyer);Salomon Bros. (seller)

KWSL(AM).KGLI(FM) Sioux City Price:$2.1 million plus option to purchase up to25% of stock and assumption of liabilitiesBuyer: Chesterman Communications SiouxCity Inc. (Cy W. Chesterman, president)seller: Cardinal Communications Inc. (John

• SlAl1UN &CAHLt lKAVlNU

WBMQ(AM)-WlXV(FM) savannah Price: ny S. Brandon, president) seller: Viking H. Daniels, Theodore H. Mahn, principals)$4.5 million Buyer: Point Communications Broadcasting (Bruce Johnson, president) WNAX.AM-FM Vankton, S.DJSloux CityInc. (Richard P. Verne, president) Seller: KIDO(AM)-KLTB(FM) Boise and Prlce:$7 minion Buysr:Saga Communica-Radio Southeast LP (Joan McCormick, gen- KARO(FM) Caldwell/Boise Price: $11 mil· tions Inc. (Edward K. Christian, president)eral partner) Broker: Mahlman Co. (buyer) lion Buyer: Jacor Communications Inc. Seller: Park Communications Inc. (Wright M.WEA5-AM-FM savannah Price: $3.75 mil- (Randy Michaels, CEO) seller: Colfax Com· Thomas, president)lion Buyer:Ogeechee Broadcast Co. (Eddie munications Inc. (L. Steven Goldstein, presi-Esserman, leon Periis, principals) seller: dent) Broker: Kalil & Co. KansasE.D. Rivers Group Broker: Crisler Co. illinois KVQQ(FM) Arkansas City, KLLS(FM)WMOG(AM) BrunswlcklSavannah, Augusta, KXXX(AM)-KQLS(FM) Colby,WHFX(FM) St. Simons IslandlWaycross/ WCIL-AM-FM Carbondale Price: $1.765 KGNO(AM)-KOLS(FM) and CP forBrunswicklSavannah and WFGA-FM and million Buyer: Zimmer Broadcasting KDGB(FM) Dodge City, KZLS(FM) GreatWBGA(FM) WaycrosslBrunawicklSavan. (Jerome R. Zimmer, president) seller: Den- Bend, KVUU(AM}-KSLS(FM) Liberal,nah Price: $5.48 million Buyer: Root Com· nis and Paula Lyle KlLS(FM) Minneapolis, KFNF(FM) Oberlinmunications Inc. (James L. Devis, president) WGIL(AM)-WAAG(FM) Galesburg Price: and KWLS(AM}-KGLS(FM) Pratt PrIce:seller: Rowland South Georgia Radio Inc. $2 million Buyer: John T. Pritchard (33.3% $14.8 million (includes $1 million noncom-(co-owners/spouses Marshall W. Rowland owner) seller: Norwest Bank Illinois (trustee) pete agreement) Buyer: Great EmpireSr., Carol C. Rowland) Broker: Jorgenson Broker: William Hansen & Associates Broadcasting Inc. (Michael C. Oatman, exec-Broadcast Brokerage (seller) WPRC(AM)-WWTE-FM Lincoln and utive VPJ26% owner) Seller: Lesso Inc.WSOK(AM)-WAEV(FM) savannah and WTAX(AM)-WDBR(FM) Springfield Price: (Larry Steckline, president)WLVH(FM) Hardeeville, S.C.l5avannah $6 million Buyer: Saga Communications Inc. KSAL(AM)-KVEZ(FM) salina Price: $3 mil-Price: $11 million Buyer: Patterson Broad- (Edward K. Christian, president) seller: Cen- lion cash plus cancellation of debt Buyer:casting Inc. (James W. Wesley Jr., presi- tral States Network LP (Thomas L. Bookey, DLR Communications Corp. (Donald L. Rab-dent) seller: Southeast- president) Broker: Black- bitt, president) Seller: Independence Broad-ern Broadcasting Co. bum & Co. casting Corp. (Peter Sulick, president)(Thomas C. Birch, presi· WFMB-AM-FM Spring-dent) Broker: Media Sar- field and WCV5-FM Vir-vices Group Inc. den Price: $7 millionWLET-AM-FM Toccoa Buyer: Patterson Broad-Price: $2.2 million casting Inc. (James Wes-Buyer: Southern Broad- ley Jr., president) seller:casting Cos. of Pensacola Neuhoff BroadcastingInc. (Paul C. Stone, presi- Corp. (Geoffrey H.dent) seller: Sonic Neuhoff, president) Bra-Broadcasting Inc. ker: Blackburn & Co.(Eugene J. Mark Jr., pres-ident)

HawaiiKIKI-AM-FM andKHVH(AM)-KKLV-FMHonolulu Price: $9.1 mil·lion Buyer: PattersonBroadcasting Inc. (JamesW. Wesley Jr., president)seller: Henry Broadcast-ing Co. (Charlton H.Buckley, president) Bro-ker: Media Venture Part-ners

KQMQ-AM-FM HonolUluPrice: $4 million Buyer:Caribou CommunicationsCo. (J. Kent Nichols,president) seller: DesertCommunications II Inc. (Matthew M. Breyne,president; FINOVA Group Inc., ultimate par-ent)

KMVI-AM-FM Wailuku/Pukalani, MauiPrice: $1.25 million Buyer: C&C RadioLicense Co. (co-owners Cortland J. Dahl,Christopher T. Dahl Jr.) seller: Obie Broad-casting of Maui Inc. (Brian B. Obie, presi-dent)

IdahoKGEM(AM)-KJOT(FM) Boise andKQXR(FM) Payette/Boise Price: $5.1 mil-lion Buyer: American General Media (Antho-

J34 February 3 1997 Broadcasting & cable

Seller: Chickering AssociatesInc. (John E. Chickering, president)WOOD-AM-FM and WBCT·FM GrandRapids Price: $42.25 million cash Buyer:Clear Channel Communications Inc. (L.Lowry Mays, president) Seller: WOOD RadioLP (Bruce H. Holberg, presidenVgeneral part-ner) Broker: Kalil & Co.

WCCW-AM-FM Traverse City Price: $2.2million Buyer: Midwestern Broadcasting Co.(Ross A. Biederman, president) Seller: Fabi-ano-Strickler Communications Inc. (JamesC. Fabiano, president)

FINOVA. It stands for financial innovators-

~~vatorswho deliver unique financillJ:l :>UlI,uUI/lj

"\ , .~'o the needs of your adyerti~ing,

\,iipported business. With $8 billion in

for the Communications In

35

~ftGIALHtl'UHI •

Broadcast Inc. (Robert G. Liggett Jr., chair-man; R.G. Liggett Jr. Trust, owner) Seller:Jencom Broadcasting Inc. (James A.Jensen, president) Broker: Blackburn &Co.

WVFN(AM)-WVIc-FM East lansing/lans-ing Price: $2 million Buyer: Jencom Broad-casting Inc. (James A. Jensen, president)seller: MSP Communications Inc. (JacksonSmart, chairman) Broker: Blackburn &Co.

WKLA-AM-FM Ludington, WMTE(AM)Manistee and WKZC(FM) Scottville Price:$1,130,068 Buyer: Lake Michigan Broad-casting Inc. (Roger K. Baerwolf, president)

Lou'....WKJN-FM HammondlBaton Rouge andW1BR(AM) Baton Rouge PrIce:More than$6 million for stock (merger) Buyer: CitywideCommunications Inc. (Peter Moncrieffe,president) seller: Southem CommunicationsInc. (Don Nelson, president) Broker: KleinAinsworth & Co.

KACY(AM)-KSMB(FM) Lafayette Price:$4.4 million Buyer: Powell Group Inc.(Nanette N. Kelley, president) seller: MediaProperties (Rish Wood, president) Broker:Questcom Media Brokerage Inc.

KVOl(AM) Lafayette-KVOL-FMOpelousas Price: $1.25 million Buyer:Powell Broadcasting Co. (John L. Peroyea,CEO) seller: Cavaness Broadcasting Inc.KXZZ(AM)-KBIU-FM Lake Charles Price:$1.5 million Buyer: Louisiana Media Inter-ests Inc. (John M. Borders, Don L. Tumer,Jerry Goes, principals) seller: Dixie Broad-casters Inc. (AI and Dixie Johnson, sonDanny Johnson, owners) Broker: SunbeltMedia Inc.

KWKH-AM-FM Shreveport Price: $4.05million Buyer: Progressive United Corp.(William R. Fry, president) seller: GreatEmpire Broadcasting Inc. (Michael C. Oat-man, principal)

MaineWPOR-AM-FM Portland Price: $1 0 millionBuyer: Saga Communications Inc. (EdwardK. Christian, president) seller: OCean CoastProperties (Phil Corper, president) Broker:Gary Stevens &Co.

MlI8ffIIChusettsWWTM(AM)-WAAF(FM)Worcester/Boston Price: $24.8 millionBuyer: American Radio Systems Corp.(Steven B. Dodge, chairman) seller: lapisCommunications (Xenophon Zapis, presi-dent) Broker: Star Media Group (seller)

Mlchlg.nWYTZ(FM) Bridgman, WCSY-AM-FMSouth Haven and CP for WZTY(FM) Hart-ford PrIce: $3.088 million Buyer: WSJMInc., (William R. Walker, secretary) Sellers:-WCSY-AM-FM: CoSY Broadcasting Inc. (Don-ald L. Anderson, president); -wvrz, wz:rv:Dunes Broadcasting Inc. (Arlene M. Ander-son, presidentfowner/1 % owner of seller)

WCKc-FM cadillac and WIDG(AM)-WMKC-FM St. Ignace Price: $1.5 millionBuyer: Rylinds ltd. (Mary Reynolds, presi-denVjoint owner with husband, DelReynolds) Seller: - Combo: Mighty-MacBroadcasting Co. - WCKC-FM: Four SeasonsBroadcasting Co

WDFN(AM)-WWWW-FM Detroit Price: $30million Buyer: Evergreen Media Corp. (ScottGinsburg, chairman) Seller: ChancellorBroadcasting Co. (Steve Dinetz, president)Broker: Star Media Group Inc.

WVFN(AM)-WVIC-FM East Lansing Price:$2.2 million cash (merger) Buyer: Liggett


l

JtI

•••I

••I

New MexicoKDZZ(AM)-KTEG(FM) and KHTZ(FM)Albuquerque Price: $7.4 million Buyer:Trumper Communications II LP (Jeffrey E.Trumper, president) Seller: Bengal Commu-nications of N.M. Ltd. Co. (Eric Seltzer, prin-cipal)

KHFN(AM)-KHFM(FM) AlbuquerquePrice: $5.725 million Buyer: Citadel Broad-casting Co. (Lawrence R. Wilson, president)Seller: Peter Besheer, F. Michael Langner

80% of KIVA(AM) Corrales/Albuquerque,KZKL·FM Rio Rancho/Albuquerque,KRLl(AM)-KZRQ(FM) Santa Fe and KIOT-FM Los Lunas/Simmons Price: $5 million(merger of buyer and seller to form Simmons-New Mexico) Buyer: Simmons Family Inc.(Craig Hanson, executive VP) Seller: Territo-rial Communications (Martin Balk, president)Broker: Media Services Group Inc.

• ~lAnUN&CAtlLb lKAUlNU

M'IIfHMOfa Group (Jerome R. Zimmer, president) Bra- KRZY(AM)·KRST(FM) Albuquerque andker: Media Services Group Inc. (seller) KOLT(FM) Santa Fe Price: $23 million

KASM-AM·FM Albany Price: $1.25 million Buyer: Citadel Broadcasting Co. (LawrenceBuyer: StarCom Inc. (Dennis G. Carpenter, IWonUna R. Wi/son, president) Seller: Crescent Com-president) Seller: Robert E. Ingstad Broker: KBOZ(AM}-KA1lt(FM) Bozeman and munications LP (Allen Shaw, president) Bra-Johnson Communications Properties Inc. KPKX(FM) Uvlngston, Mont. (and transfer kers: Kalil & Co. (buyer); Questcom MediaKLlZ·AM-FM and KVBR·AM-FM Brained, of KBKo-FM Billings, Mont., from buyer to sell- Brokerage Inc. (seller)KLLZ·AM-FM Walker, KWAD(AM)- er) Value: $1.9 million ($1.15 million for KZ AM) KZRR FM Alb dKKWS(FM) Wadena and KNSP(AM) Sta· KBOZ-KATH and KPKX; KBKO valued at SS( • - uquerque anpIes n..tce.·$4.1 m,'IIIO'n Buyer.' Robert M. B . Co KLSK(FM) Santa Fe/Albuquerque PrIce:"HI $750,000) Buyer: Reier roadcastlng. $8 '11' B T C . +;Kommerstad Se'ler.·lngstad Broadcastl'ng lie ml Ion uyer: rumper ommunlca"ons" (William R. Reier, president) Se r: I (J ff E T 'd t) selleInc. (James D. Ingstad, president) Broker: Deschutes River Broadcasting Inc. (Edward nco e rey . rumper, presl en r:Chapin Enterprises River City Broadcasting LP (Barry Baker,

T. Hardy, president) president)KSGS(AM)-KMJZ·FM St. Louis Park! Min· KYLT(AM)-KZOQ.FM Missoula Price: $3.9neapollslSt. Paul Price: $22 million Bu"er: F' he d . I KCQL(AM) Aztec/Farmington, KKFG(FM)r million Buyer: IS r Broa casting nco BI fleldlF I t nd KTRA(FM)Nationwide Communications Inc. (Steve (Patrick M. Scott, president) Seller: JS Mar- oom arm ng on aBerger, pres,'dent) Se/"--.' Par1< Communica- I J ff M S ith and KDAG(FM) Farmington Price: $5.25... keting & Communications nco (e . m I' G ItS C .. Itions Inc. (Wright M. Thomas, president) mil Ion Buyer: u tar ommunlcations ncoBrokers: Media Venture Partners; Gary Jr., principal) (John D. Cullen, president; Hicks, Muse,Stevens & Co. NebnIsIca Tate & Furst, owner) seller:J. ThomasKVOX.AM-FM Moorhead Price: $3.3 mil- KFOR(AM)-KFRX(FM) Uncoln Price: $5.3 Development of N.M. Inc.lRadio Propertieslion Buyer: Mid-States Development Inc. million Buyer: Three Eagles Communica- Inc. (Jeff, Mary and Richard Thomas, princi-(Lauris Molbert, president) seller: KVOX Inc. lions Inc. (Rolland C. Johnson, chairman) pals) Broker: Media Venture Partners(DaVid L. Nelson, president) seller: KFORIKFRX Broadcasting Inc. New J.....yMlsalsslppI (Edward W. May Jr., principal) Broker: WJLK(AM)-FM Asbury Park and

McCarthy & Co. (seller); Chapin Enterprises WQNJ(FM) ocean Acres PrIce: $16.75 mil-WOAD(AM) and WKXI(AM)-WJMI(FM) (buyer) lion Buyer: Nassau Broadcasting PartnersJackson and WKXI-FM Magee/Jackson KFAB(AM}-KGOR(FM) Omaha Price: $39 LP (Louis F. Mercatanti Jr., president) Sell-Prlce:$14,997,SOO Buyer: Benchmar1< million (includes Muzak franchise for Omaha er: New Wave Communications LP (JohnCommuniations (Bruce R. Spector, Joseph nd U I Neb ) 8 T' thlo BroadL Mathl'as IV general partners) sel"er' a nco n, . uyer: na n - Ferrari, president; D&F Broadcasting Inc.,., " . . C (N F id t) sel"casting o. orman euer, pres en ,- general partner) Broker: Blackburn & Co.Chrysler Capital Corp. (Thomas J. Allen, VP) A' R d' S Co (SB " G St & C ( II ) er: mencan a 10 ystems rp. teven WNNJ.AM.FM Newton n.Jce.· $4.5 ml'lll'onroller: ary evens o. se er B. Dodge, president) Broker: Media Venture ,..",WZRX(AM)-WSTZ.FM JacksonNlcksburg Partners (seller) cash Buyer: Nassau Broadcasting PartnersPrice: $3.5 million Buyer: Multi-Mar1

North DakotaKQFN(AM) West FargolFargo-KQWB·FMMoorhead, MlnnJFargo Price: $2 millionBuyer: Ingstad Broadcasting Inc. (James D.Ingstad, president) Seller: Brill Media Co.Inc. (Alan R. Brill, president) Broker: Black-bum &Co.KNOX-AM-FM Grand Foric:s Price: $1.1million Buyer: Leighton Enterprises Inc.(Alver Leighton, president/86.5% owner)Seller: Radio Grand Forks Associates Ltd.(Henry Slane, president)

01110WHLO(AM) Akron·WTOF-FM cantonPrIce: $8 million Buyer: Salem Communica-tions Corp. (Edward G. Atsinger III, presi-denV50% owner) Seller: Mortenson Braod-

~l't~IAL Ktl'UKI •

(Wright M. Thomas, president) Broker: Rees PoagMedia Venture Partners WEWO(AM)-WAZZ(FM) Laurinburg Price:WUTQ(AM)-WOUR(FM) UtIca PrIce: $1.5 $4.2 million Buyer: Beasley Broadcastmimon Buyer: Dame Media Consultants Inc. Group (George G. Beasley; president) Sell-(J. Albert Dame, president/83% owner) Sell- er: Carolina Media Group (Donald W. Curtis,er: Benclat Communications and Broadcast- principal)ing Inc. (Paul N. Benclat, 50% owner) Bro- WSlC(AM)-WFMX(FM) Statesville/Hickorylker: Biernacki Brokerage salisbury PrIce: $9.6 million Buyer: Bench-WNCQ(AM)-WCIZ(FM) Watertown, N.Y., mark Radio Acquisition Fund VIII LP (Bruceand LMA with WKGG(FM) Cape Vincent R. Spector, Joseph L. Mathias IV, generalPrIce: $2.8 million Buyer: Forever Broad- partners) seller: Adventure Communicationscasting Inc. (Kristen Cantrell, presidenVGM, Inc. (Michael Shott, presidenV85% owner)WTSH(AM) Rome, Ga.) SslIer:Watertown Broker: Michael BergnerRadio Associates (Jeffrey Shapiro, WilliamGoddard, Bruce Danzinger, principals) Bro-ker: Richard A. Foreman Associates Inc.

NorIh CarolinaWZFX(FM) WhltevllleJFayettevllle andWYRU(AM) Red Spring&IFayettevllJe.WLRD(FM) St. PaulsJFayettevllle PrIce:$8.2 million ($7 million for W1FX; $1.2 millionfor WVRU-WLRO) Buyer: Sound communica-tions LLC (Richard H. Churchill Jr., manag-erl99% owner) Sellers: - WZFX: Joyner Com-munications Inc. (David Weil, president)- WYRU-WLRO: Lumbee Regional Develop-ment Association Inc. (Adolph Blue, chair-man) Broker: Whittle Agency (sellers)WQMG-AM-FM Greensboro PrIce: $6.9million Buyer: Max Media Properties LLC(John A. Trinder, president) Seller: Morgan

WNYC-AM-FM New Yolic: PrIce:$20 millionBuyer: WNYC Foundation (Laura Walker,president) Seller: City of New York

WLNA(AM)-WHUD(FM) PeeIalIdIl PrIce:$20 million Buyer: Albany Broadcasting Co.Inc. (James J. Morrell, president) Seller:Radio Terrace of Albany Inc. (Gary B.Pease, president)

WKlp(AM)-WRNQ(FM) and LMA withWNSX·FM Poughkeepsie PrIce: $3.475million Buyer: Straus Media Group (EricStraus, president) Seller: Dutchess Commu-nicationsIWKIP Broadcasting Corp. (RichardD. Novik, president) Broker: B1ackbum &Co.

WHAM(AM)-WVOR-FM, WPXY·FM andWHTK(AM) Rochester PrIce: $30.5 millionBuyer: American Radio Systems Corp.(Steven B. Dodge, chairman) Seller: UncolnGroup lP (Albert "Bud" Wertheimer, presi-dent)WRNY(AM)-WSKS(FM) Rome andWADR(AM)-WUUU(FM) Remsen PrIce:$1.5 million Buyer: Dame Media Consul-tants Inc. (J. Albert Dame, presidenV83%owner) seller: Norma Eilenberg Broker:Biemacki Brokerage

WHEN-AM-FM Syracuse Price: $4.5 millionBuyer: Cox Broadcasting Inc. (Nicholas D.Trigony, president; Robert F. Neil, executiveVP/radio) seller: Pari< Communications Inc.

Christopher D. MillerVice President

2951 Four Wheel Drivelawrence, KS 66047

913-749-7303Facsimile 913-749-3377

Gammon Media Brokers, Inc. Afirm dedicated to serving clients

with expertise, professionalism andintegrity. Investigate the highly profitable

difference Gammon Media Brokers can makeon your next transaction.

GAl\t1l\t1C):N

TELEVISION/RADIOBROKERS

The communicationsindustry is changing and with eachchange it grows more complex. Eachday the headlines seem filled with newsof mergers and mega-mergers, buyouts andacquisitions. And the ever-growing confusionassociated with FCC deregulation adds complications tothe industry's future.

James A. GammonPresident

7th Floor, 8280 Greensboro DriveMcLean, VA 22102

703-761-5020Facsimile 703-761-5022

;-

J10

1)

: ,18 Broadcasting & Cable February 3 1997 37

South DakotaKWSN(AM)-KRRO{FM) Sioux Falls Price:$3 million Buyer: Midcontinent Media Inc.(N.L. Bentson, chairmanl58.2"J., owner)Sellers: BCR Corp. (Dan Young, 29.6%owner; John W. Biddinger, 17% owner)

TBlJlJesseeWHUB·AM-FM Cookeville Price: $3.8 mil-lion Buyer: Paxson Communications Corp.(Lowell W. "Bud" Paxson, chairman) Seller:WHUB Inc. (M.L. Medley, president) Broker:Media Services Group Inc.

KWAM(AM)-KJMS(FM) Memphis Price:$12.5 million Buyer: US Radio Inc. (RaganA. Henry, chairmanl5O.9% owner) Seller:ED. Rivers Group (Marie B. Rivers, presi-dent) Broker: Crisler Co.

TexasKFON(AM) Austin-KEYI-FM sanMarcos/Austin Price: $3,166,556 Buyer:Clear Channel Communications Inc. (L.Lowry Mays, president) Seller: MercuryBroadcasting Co. Inc. (Van Henry Archer III,president)

KDAE(AM) SintOn/Corpus Christl-KLTG(FM) Corpus Christl Price: $1.575million Buyer: Broadcasting Corp. of theSouthwest (William D. York III, presi-dent/5.6% owner) Seller: Stereo Broadcast-ing Corp. (Stephen A. Dewalt, president)

KRYS-AM·FM and KMXR(FM) CorpusChristl Price: $6 million Buyer: GulfStarCommunications Inc. (R. Steven Hicks,98.5% owner) Seller: Ranger BroadcastingCo. (Richard M. Hull, president) Broker:John Barger (buyer); Dick Chapin (seller)

Swap of KRLD(AM) Dallas/Fort Worth andTexas State Network for KKRW·FM Hous-ton Value: $70 million Swapper, KRLD-AM,state network: SFX Broadcasting Inc.(Robert F.X. Sillerman, executive chair-man/53.2% owner Swapper, KKRW-FM: CBSRadio (Dan Mason, president) Broker: StarMedia Group Inc.

KRVA(AM) Cockrell HiIIlDallas-KRVA-FMMcKinney/Dallas and KXEB(AM) ShennanPrice: $5,468,680 (merger) Buyer: KRVABroadcasting Inc. (51% owner: Z SpanishRadio Network Inc. [Amador S. Bustos, pres-ident/72.15% joint owner with wife/secretaryRosalie L.]; 49% owner: EI Dorado Commu-nications Inc. [Thomas H. Castro, presi-dentl45% owner]) Seller: Radio Plano Inc.uoint owners Alexander A. Rodriguez andElesha Rodriguez 1991 Trusts, Irving, Tex.

WRIE(AM)-WXKC(FM)erie Price: $3.25 millionBuyer: Media OneGroup Erie LLC (JamesT. Embrescia, managingmember/51 % owner)Seller: Atmor PropertiesInc. (Lee W. Shubert,president) Broker:Americom Radio Bro-kers Inc. (seller)

WCMB(AM}-WYMJ(FM)and WWKL(FM) Harris-burg PrIce: $11 millionBuyer: Dame MediaConsultants Inc. (J.Albert Dame, presi-dent/83% owner) Sell·er: Albert J. Kaneb Sro-ker: BIA Capital (buyer)

WAZL(AM)-WXMT(FM)Hazelton Price: $3.5million Buyer: Tele-Media Broadcasting Co.(Robert E. Tudek, presi-dentl50% owner) Seil-er: 4M Broadcasting Inc.(Robert Moisey, presi-dent)

WLAN-AM-FM lan-caster Price: $7 million Buyer: Clear Chan-nel Communications Inc. (L. Lowry Mays,president) Seller: Peoples Broadcasting Co.(Samuel Altdoerffer IV, president) Broker:Gordon P. Moul & Associates

WARM(AM) Scranton-WMGS(FM) Wilkes-Barre; LMAs for WBHT-FM MountainTopIWilkes-Barre and WKQV-FMOlyphantIWilkes-Barre; JSA forWKQV(AM) Pittston/Scranton Price: $11million Buyer: Tele-Media Broadcasting Co.(Robert E. Tudek, presidentl50% owner)Seller: Susquehanna Radio Corp. (David EKennedy, president)

WPIC(AM)-WVFM(FM) Sharon Price:$5.885 million Buyer: Connoisseur Inc. (Jef-frey D. Warshaw, president) Seller: WicksBroadcast Group LP (WBG ManagementInc., general partner [Edgar R. Berner, presi-dentl41 .7% owner])

40% of WHTG(AM)-WAVZ(FM) Waynes-boro Price: $1 ,068,699 Buyer: John VerStandig, Eileen Gail Lehrer, Brian Madden,trustees, Ver Standig 1996 Children's TrustsSeller: Helen Ver Standig

South CarolinaWXTC-AM-FM Charleston and WSSP-FM

OklahomaKGTO{AM)-KRAV-FMTulsa Price: $5.5 millionBuyer: Cox BroadcastingInc. (Nicholas D. Trigony,president) Seller: KravisCo. (George R. Kravis II,president) Broker: StarMedia Group Inc.

• :SlAl1UN&CAtlLh lKAUlNU

casting Co. (Jack M. Mortenson, president) (William McDonald, owner) Seller: Noula Goose Creek PrIce: $2.7 million Buyer:Pappas (trustee, Mike J. Pappas Family Southwind Broadcasting Inc. (C(H)Wllers

WVAC(AM)·WLKR-FM Norwalk Price: Trust) Broker: Kalil & Co. William G. Dudley III, president; Randall T.$1.292 million Buyer: North Central Radio Odeneal) Seller: Ralph C. GuildHoldings Inc. (David E Mehling, president) KWJJ-AM-FM Portland PrIce: $35 millionSeller: James R. and Patricia Westerhold Buyer: Fisher Broadcasting Inc. (Patrick M. WJXY-AM-FM ConwayJMyrtle Beach(51.4% owners) SCott, president) Seller: Park Communica- Price: $1.3 million Buyer: Carolina Broad-

tions Inc. (Wright M. Thomas, president) casting Inc. (Stan Karas, president) Seller:WLEC(AM)-WCPZ-FM sandusky PrIce: Broker: Media Venture Partners Downs Satellite Broadcasting of South Car-$7.5 million Buyer: Allur of Ohio Inc. (Regina olina Inc. (Paul Downs, president) Broker:Henry, president) Seller: Erie Broadcasting - Snowden AssociatesII Inc. (James Embrescia, president) Broker: PennsylvaniaBlackburn & Co.

WIOT(AM)-WIOT·FM Tole-do Price: $13 million plusassumption of liabilitiesBuyer: Jacor Communica-tions Inc. (Randy Michaels,CEO) Seller: EnterpriseMedia Partners (EdwardRogoff, president) Bro-kers: Jorgenson BroadcastBrokerage (buyer); Black-burn & Co. (seller)

WSOM(AM)·WQXK(FM)salem!YoungstownPrice: $13.5 millionBuyer: Connoisseur fnc.(Jeffrey D. Warshaw, pres-ident) Seller: LincolnGroup LP (Albert "Bud"Wertheimer, president)

OregonKCMX-AM-FM Ashland and KTMT·AM·FMMedford/Phoenix Price: $2 million Buyer:Deschutes River Broadcasting Inc. (co-own-ers John W. Dixon, president; Jon VonSchlegell, secretaryttreasurer) Sellers:- KTMT: Sierra Cascade Communications Inc.(Karen Johnson, assistant secretary) - KCMX:Rogue Valley Broadcasting Inc. (KarenJohnson, president)

KLRF(FM) Brownsville and KUGN-AM-FMEugene Price: $7.1 million (merger) Buyer:DeSChutes River Broadcasting Inc. (EdwardT. Hardy, presidentl11

op Belo now 11th·largest TV group owner14.08 (Gannett) 12.8 30.83 24.88 24.134 23.952 18.725 17.637 16.448 15.515 13.352 tions station group. Those LMAdeals will eventually be subject

Documents