.__------..,opofthe Wee'.....------..., Belo now 11th·largest TV group owner By Elizabeth A. Rathbun from 7.986% to 11.855%, making it the WASHINGTON nation's 11th-largest broadcaster, accord­ ing to BROADCASTING & CABLE'S list of H. Bela's $1.5 billion purchase of the top 25 groups. the Providence Journal Co. last There are no station overlaps except in Aweek thrusts Bela into nine new TV Seattle, where Pro-Jo owns NBC affiliate markets and expands its reach to KING-TV and Belo owns UPN affiliate 11.855% of U.S. TV households. KIRQ-TV. Bela is negotiating with another For a company looking to grow in a broadcaster to trade KIRO-TV for a station hurry, last week's merger is a perfect or two elsewhere, says Michael D. Perry, deal, says broker Brian Cobb of Media Bela's senior vice president/chief finan­ Venture Partners. Before this, Bela had cial officer. not bought any TV stations this year, but Pro-Jo also gives Belo NBC affiliates was known to be looking to expand. for the first time-five of them. And Pro­ "Bela wanted to grow, and Providence Jo takes Bela into a new business: cable Journal has some great markets. It's just a programing. Pro-Jo owns 65% of Ameri­ great fit," Cobb says. ca's Health Network and 46% of the Great by Wall Street standards too. Pro­ Food TV Network. Jo's stock reached a 52-week high of 29 Both companies for years have com­ 7/8 on Friday, closing at 29, up 8 1/8. bined broadcasting with newspapering. Bela's stock fell 3 27/64 to close at 34 Belo owns the Dallas Morning News, 5/64. while Pro-Jo owns the Providence Jour­ Each Pro-Jo share will be exchanged for nal-Bulletin. That is compatible with $12.33 in cash plus .533 share of Bela Belo's emphasis on owning TV stations stock. That translates into roughly $5.7 with strong local news departments. Pro­ million for Pro-Jo Chairman Stephen Jo's two Fox affiliates, however, offer no Hamblett, who owns 186,300 Class A news. Their "potential" is being evaluat­ shares, while former president Trygve ed, Perry says. Myhren would walk away with roughly The deal, valued at 12.1 times estimat­ $5.2 million for his 168,750 shares. ed 1996 cash flow, will largely be fi­ The deal, which Dallas-based Belo ini­ nanced under Bela's $1 billion credit tiated, expands Bela's TV stations from facility, Perry says. Bela expects to pay seven to 16, including five stations in the $587 million in cash and issue 25.4 mil­ top 50 markets. Using FCC standards, the lion shares in exchange for Pro-Jo's 47.6 stations increase Bela's household reach million shares. _

ill ~

1 1:~~

8 September 30 1996 Broadcasting & Cable I CONSOLIDATION YEA OR NAY NAB takes up industry debate over relaxation ofduopoly, limitations on LMAs By Chris McConnell WASHINGTON TV'S TOP 10 ore TV consolidation may be While the Telecommunications Act of 1996 didn't do much to deregulate the television business, around the comer, some broad­ it did raise the cap on how many 1V households a broadcaster can cover. News Corp. raced to casters say. be the first to near the new 35% limit, in July 1996, and other companies are reaching for it. M No. " ofU.S. Others contend it has already hap­ Company ofstations ~ Fonner" .... pened. News Corp.lNew World 22 34.841 22.05 (News Corp.); TV broadcasters gathering in Naples, 12.78 (New World) Fla., this week for the National Associa­ Westinghouse/CBS 14 30.83 30.95 tion of Broadcasters joint board of 24.96 directors meeting will consider support­ Tribune/Renaissance 16 24.88 ing further relaxation of the FCC's TV NBC 11 24.134 24.65 ownership restrictions. Some broadcast­ Walt Disney/ABC 10 23.952 24.06 ers-particularly those heading smaller Paxson Communications 19 18.725 17.97 groups-fear that such deregulation Chris CraftlUnited Television 8 17.637 17.70 could open the door to placing more Silver King 16 16.448 20.00 channels in the hands offewer owners. Gannett/Multimedia 16 15.515 14.08 (Gannett) Those worries are echoed by adver­ Univision 12 13.352 12.8 tisers, watchdog groups and even the 'In millions, based on Nielsen estimates, September 1996; consistent with FCC rules, UHF stations Clinton administration. They fear that are credited for half the homes in a market. "B&C. July 8, 1996 the buying trend-totaling more than $10 billion in TV transactions in 1996 compared with $4.7 billion in 1995-is leading toward an era of Charles Fos­ Here are the biggest TV-group deals of 1995* and 1996: ter Kane-type media moguls. $19 billion: Walt Disney Co. buys CapitaJ CitIes/ABC and its 10 lV "Monopoly stations, 21 radio stations, interest in several cable networ1radios, acable system and 11 daily newspapers.* record for big deals. ing Agencies. $1.5 billion: Merger of Providence Journal Co. into A.H. Bel0 involves 11 l'vs, a "It's a way for the good old boys to newspaper and interest in cable networks. keep everybody out," adds Andrew $1.217 billion: In two separate deals worth $732 million and $485 million, Raycom Schwartzman, president of the Media Media Inc. buys 15lVs and two radios, and seven lVs. sellers are Ellis Communications Access Project. Inc. and AFlAC Inc., respectively. But others say that much of the $1.13 billion: Merger of Renaissance Communications and its six lVs into Tribune. feared consolidation already exists. They cite the widespread use of local ident. Jones-who opposes LMAs and tions station group. marketing agreements (LMAs), which further consolidation-also says relax­ Those LMA deals will eventually be allow broadcasters to manage stations ing restrictions on owning more than subject to local ownership restrictions, without counting them as "owned" one TV station in a market would under the proposal issued by commis­ facilities. Some 49 of the deals now merely make people striking the LMA sioners last November. The proposal exist in 45 markets. deals "feel less guilty." would treat new LMAs as owned sta­ "People have been slipping around "The major [deals] are probably tions and would grandfather existing the rule anyway." says Philip Jones, already done," adds William Sullivan, agreements until they expire. Meredith Corp. Broadcast Group pres- manager of the Cordillera Communica- The move to attribute LMAs follows

4 January 271997 Broadcasting & Cable ,... ~op of the Weet.------.,

a series of actions in Washington to said that he does not think that allow­ increase diversity of viewpoint and relax the ownership rules. In response ing common ownership of two TV sta­ programing in some markets. to the 1996 Telecommunications Act, tions in a market is a good idea. That was the argument favored by the FCC last year eliminated the 12­ "Outside of group owners, no one broadcasters at this month's NATPE station cap on TV ownership and raised thinks [further concentration] is a good convention in New Orleans. Dis­ the national audience-reach limit from idea," adds Larry Irving, head of the cussing the remaining restrictions, 25% to 35%. In 1995 the commission National Telecommunications and executives on one panel pitched the r also eliminated the financial interest Information Administration. "Syndica­ notion that more consolidation might and syndication (fin-syn) rule. tors and advertisers are scared to say mean more diversity. Clear Channel Such relaxations cleared the way for anything." Television's Rip Riordan pointed to Disney to buy Capital Cities/ABC and FCC commissioners, however, do not the use of LMAs to revive stations that I for Westinghouse to buy CBS. rule out the notion of some ownership otherwise would not be broadcasting. But while the FCC now is proposing relaxation. FCC Commissioner James LIN TV President James Babb. in 1 to tighten its "attribution" rules, it also Quello says he could see a UHF/UHF or favoring more relaxation, points to is asking comment on whether it even a UHFNHF combination in areas competition with cable and DBS. "We should relax more ownership rules to where the combination would not give need to be active in proposing that," allow common ownership of two UHF the owner too much control over the Babb says. stations or a UHF/VHF combination local advertising market. Others disagree. Hubbard Television within a market. And FCC Chairman Reed Hundt last Group President Robert Hubbard says Policymakers have differed on the month asked whether allowing com­ important distinctions remain between question. President Clinton last fall mon ownership of two stations might LMAs and outright ownership. And he

Ttl·' ',( Ifl'l(j', l' I. II I/ 'Ill/' '(]I '.II' th "latIOns ttld! 111m·' Jldill, '111,,:, ' ).,/' ." II

kr" 111 llft I 'Ill II,! i ' 1 1,,,,,I'l I; I \ J {, I~ ., C,B,I ! 'j/li ~II! r.~/\ I I'}.;,l' The world of LMAs 1 Marla't DMA StatlOlI Aftl/. OwnershIp Market OMA StatIOn Aftll. Ownership Dallas-Ft. Worth 8 KDFW CBS New World Harrisburg 44 WHP-TV CBS Clear Channel KDFI Ind. Dallas Media Investors WLYH UPN Gateway Communications KXAS NBC LIN •West Palm Beach 45 WPBF ABC '.' ~axsoi1 B'csting KX1X Ind./WB KX1Xlnc. WTVX IndIUPN' KryptOn B'cSting 46 WPRI CBS Clear Channel WNAC Fox ;:GreenstJoro.:.High Point- 48 WNRW Fox'. Act III B'csting ..J 'WinstonSa!em .. / Guinord B'csting Corp. i 49 Lee Enterprises Ramar Communications

,,', .' y, "B'Csting WAWS Fox Clear Channel WTEV IndJUPN Krypton B'csting 57KMPH Fox Pappas r KGMC Ind. Gray Coopla little Rock-Pine Bluff 58 KlRT Fox Clear Channel KASN IndJUPN Mercury B'csting 59,1!!JKI Fox,Clear,Channel ilgfolndJUPN'RDS B'ming 61 WPMI Fox Clear Channel WJTC Ind.IUPN Mercury B'csting 65<~ Foxtu'gyl&TeJ~Visil)ll Hokli!lQS' KXAN NBC LIN .' KNVA. IndJWB54 B'csting 69 KHNL Fox Providence Journal KFVE IndJUPN KFVE Joint Venture 70),!~BA' ·.FoXi .. P()OIlid Clark r WXGZ",lndJUPNikelV . 74 KPTM Fox Pappas Telecasting KXVO Ind. Cocola Broadcasting Co. .J 80KMSB FoX, " Proyi~enceJoumal KTIU IndJUPN C1earCllannel 89 WBBH NBC Waterman B'cast Group WEVU ABC Ellis Comm. s- 91WATM MC ,.,J ,J:ei'

~Ie Broadcasting & Cable January 27 1997 5 ~------fOP of the Wee..------....., predicts that further relaxation of local ownership rules will spur more consoli­ dation. "We feel very strongly that it's not good for the industry and it's not good for consumers," says Hubbard. "It removes from the market precise­ ly those stations that have historically provided entry to new and different voices-minorities and women," adds Media Access Project's Schwartzman. One issue threatening to affect the ownership status of several stations is the must-carry law pending before Supreme Court justices. Defenders of the law requiring cable carriage of local broadcast signals had a rough outing before the court last October, and several expect the court to throw out the law. Broadcasters say that could threaten the viability of many UHF stations. "It makes the weak weaker," says Mered­ ith's Jones. "It could be a major negative impact," adds LIN's Babb, who pre­ dicts that a struck-down must-carry law combined with relaxed restrictions .\ could accelerate TV consolidation. _ For syndicators, access is key Despite consolidation, hot shows can stUlfind space one market at a time; for some, however, access to growing groups has become tougher

By Cynthia Littleton dynamics of syndica­ stronger stations in many markets, HOLLYWOOD tion sales. which translates to better customers for "The problem with All American, Back says, citing the he supply side of consolidation isn't the growth of Sinclair Broadcasting's the syndication size of the groups, it's LMA outlets in Baltimore, Pittsburgh Tbusiness is anx­ access to them," says and Milwaukee. iously awaiting the All American Distrib­ Moreover, industry veterans say, it's outcome of the FCC's ution President George misguided to view major station groups review of long-stand­ Back. All American as monoliths. Warner Bros. struck a ing TV station owner­ had sold its new fall group deal for The People's Court last ship restrictions. 1997 talk show con­ month with the key NBC O&Os except Conventional wis­ tender, Arthel & Fred, Los Angeles; KNBC-TV had already com­ dom dictates that the in more than 60% of mitted to co-producing and airing Arthel increasing concentra­ the country by the & Fred, co-hosted by the station's tion of station owner­ close of NATPE. sports anchor, Fred Roggin. ship helps syndicators with corporate For a few station operators, "sales are Worldvision generated a buzz early ties to station groups and hurts those no longer a content issue but an access on in the sales season with the game without them. But distributors in both issue. Now we're faced with companies show strip Pictionary, which was positions say it's not so cut-and-dried. that block us and tell us, 'I've got my cleared at NATPE by a different group The activity on the floor of this own agenda and it supersedes yours, '" in each ofthe top three markets. "Ifyou month's NATPE convention proved Back says. "Today's recourse is to go to have desirable programing, you will be that independents can still clear a hot their competitors. Tomorrow's heard from," says Worldvision Presi­ property the old-fashioned way-one recourse may have to be other means. " dent John Ryan. market at a time. Yet NATPE also On the other hand, the easing of the Kelly News & Entertainment also demonstrated how new-model giants duopoly rule could benefit many dis­ found a number of network 0&0 buy­ such as CBS and Fox are changing the tributors. LMAs have helped produce ers for its FCC-friendly weekend teen

8 January 27 1997 Broadcasting & Cable E EXHIBIT E

Jac~~~~~~l ~~~f~! says. Noting that "the downside to a bunch ofsmall markets is bright ilia' .',,' figuring out how to run them," Michaels says Jacor's clusters strategy in the works. will be linked via computer, also by the end of the year. While 1996 "was a year when we created an Not only will this "allow us to invent new ways to manage awful lot of chaos," buying stations right and left, 1997 will the stations," but advertising can be sold to advertisers in a be "absolutely as busy [but] in a somewhat different way," package, he says. Programing and regional ads will be simul­ Michaels says. Broadcasters will have to figure out how to cast, with airtime reserved for each town to do its own local run all the stations they've bought "to continue to have ads, news and weather. above-average performance.... "This makes a lot of niche formats-not previously seen "No one knows how to do this yet," he says. "We're all as attractive by major broadcasters--extremely attractive, making it up as we go along. None of us are very far up the because you can put them on mUltiple transmitters and cre­ learning curve. None of us are experts. I think the proper ate multiple profit centers with a single product," Michaels thing to be doing in that circumstance is a lot of experimen­ says. The product also can be sold to other companies in tation, a lot of trial and error." need of programing. Meanwhile, Jacor will keep doing deals. "Bring me some­ Jacor is managing its clusters with regional managers who thing that requires some creativity, bring me something report directly to Jacor. "It's going to be very interesting as where there's a problem and where we can bring a little extra we try to actually implement some of the plans we have to work and a little more creativity to the deal to make it hap­ run this many stations," Michaels says. But the future is so pen. Those are the kind ofdeals we like," Michaels says. _ The $1 million-plus club A new year, a new $1 million-plus list. But in 1996, deregulation not only changed the face of radio, it altered the arrangement 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 are ordered from most valuable to least, while the other deals remain alphabetical by state. And the unprecedented volume of deals in 1996 has forced another change: The list has grown from 12 pages last year to 18 this time around. -EAR

KSAZ·TV las/Fort Worth Price:$1.13 billion cash KWWL(TV) Waterloo/Cedar Rapids, Iowa; Phoenix; WTVT (merger) Buyer: Tribune Co. (John Madigan, WAFB(TV) Baton Rouge, La.; KFVS-TV Tampa, Fla.; president) Seller: Renaissance Communica­ Cape Girardeau, Mo., and WITN·TV Wash­ WAGA-TV tions (Michael Finkelstein, chairman) Bro­ ington/Greenville, N.C. Price: $485 million Atlanta; WJBK­ kers:Merrili Lynch & Co. (buyer); Morgan Buyer: Raycom Media Inc. (formerly Ellis TV Detroit; Stanley & Co. (seller) Acquisitions Inc. [Stephen I. Burr, principal; WDAF-TV Retirement Systems of Alabama, financier]) Kansas City, KOLD-TV Tucson; WZVN-TV Naples, Fla.; WSAV-TV Savannah, Ga.; KSLA-TV Seller: AFLAC Inc. (Daniel P. Amos, presi­ Mo., and KTVI­ dent) TV St. Louis; Shreveport, La.; WJTV(TV) Jackson and satellite WHLT Hattiesburg, Miss.; KAME­ KNSD(TV) San Diego and WVTM-TV Birm­ lH'nIICfed by nriN.) WJW·TV Cleve- (....UJ'!j ...",.. land; KTBC(TV) TV Reno; WECT(TV) Wilmington, N.C.; ingham, Ala. Price: $425 million plus work­ Austin and WUPW(TV) Toledo, Ohio; WACH·TV ing capital Buyer: NBC Inc. (Robert Wright, KDFW(TV) Dallas, Texas (LMA with KDFI­ Columbia, S.C.; KSFY-TV Sioux Falls and president) Seller: New World Communica­ TV Dallas). and Win-TV Milwaukee satellites KABY·TV Aberdeen and KPRY­ tions Group Inc. (William C. Bevins, CEO) (inclUdes remaining 80% of New World Com­ TV Pierre, all S.D., and WTNZ-TV Knoxville WHOI(TV) Peoria/Bloomington, III.; munications Group Inc.) Price: $3 billion and WMC-TV-AM-FM Memphis, Tenn. WWLP(TV) SpringfleldlHolyoke, Mass.; Buyer: News Corp./Fox Television Stations Price: $732 million cash Buyer: Ellis Acquisi­ WILX·TV Onondaga/lansing, Mich.; Inc. Ltd. (Rupert Murdoch, chairman) Seller: tions Inc. (Stephen I. Burr, principal; Retire­ KOSA·TV OdessaIMldland and KAUZ-TV New World Communications Group Inc. ment Systems of Alabama, financier [David Wichita FallslLawton, Tex.; WTRF-TV (Ronald O. Perelman, chairman) G. Bronner, CEO]) Seller: Ellis Communica­ Wheeling, W.Va.lSteubenvllJe, Ohio, and KMSB·TV Tucson, Ariz.; KTVB(TV) Boise, tions Inc. (Bert Ellis, president) WMTV(TV) Madison and WSAW-TV Idaho; KHNL(TV) Honolulu and satellites WBMG(TV) Birmingham and WHOA·TV WausaU/Rhinelander, Wis. Price: $270 mil­ KHBG-TV Hlio and KOGG(TV) Wailuku, all Montgomery, Ala.; WTVQ-TV lexington, lion ($225 million cash, $45 million stock) HawaII; WHAS-TV LouiSVille, Ky.; KASA· Ky.; KALB-TV Alexandria, La.; WUTR(TV) Buyer: Benedek Broadcasting Corp. (A. TV Santa Fe., N.M.; WCNG-TV Charlotte, Utica, N.Y.; WNCT·TV Greenville, N.C.; Richard Benedek, chairman) Seller: Bris­ N.C.; KGW(TV) Portland, Ore., and KING­ WDEF-TV Chattanooga and WJHL·TV sette Broadcasting Corp. (PaUl Brissette, TV Seattle and KREM-TV Spokane, Wash. Johnson City, Tenn., and WTVR-TV Rich­ CEO) Price: $1.5 billion (merger; includes newspa­ mond and WSLS-TV Roanoke, Va. WHO-TV Des Moines and KFOR-TV Okla­ per and cable networks) Buyer: A.H. Belo (includes 28 daily and 82 weekly newspa­ homa City Price: $226 million ($155 million (Robert W. Decherd, president) Seller: Provi­ pers) Price: $71 0 million cash (merger) for KFOR-TV; $71 million for WHO-TV) Buyer: dence Journal Co. (Stephen Hamblett, chair­ Buyer: Media General Inc. (J. Stewart Bryan New York Times Co. (Lance R. Primis, presi­ man) Broker: Bear, Stearns & Co. (Belo) III, president) Seller: Park Communications dent) Seller: Palmer Communications Inc. KTXL(TV) Sacramento, Calif.; WTlG-TV Inc. (Wright M. Thomas, president) Broker: (Joseph Lentz, president) Hartford, Conn.; WDZL(TV) Miami; Media Venture Partners (seller) WALA·TV Mobile, Ala.; KHON·TV Honolu­ WXIN(TV) Indianapolis; WPMT(TV) WAFF(TV) Huntsville, Ala.; WTVM(TV) lu and satellites KHAW-TV Hilo and KAII· York/Harrisburg, Pa., and KOAF(TV) Oal- Columbus and WTOe-TV Savannah, Ga.; TV Wailuku, Hawaii; WVUE(TV) New

Broadcasting & Cable February 3 1997 23 STATION &CABLE TRADING

Buyer: Ramcast Corp. (Rachamim Anatian, OrIe8ns, and WLUK-TV Green Bay, Wis. Alabama chairman; Barbara Laurence, president) Price: $21 0 minion (merger) Buyer: Silver WJSU-TV Seller: West Coast United Broadcasting Co. King Communications Inc. (Barry Diller, Anniston Price: (Carson Chen, president) Broker: Gammon owner) Seller: Savoy Pictures Entertainment $19 million ($10 Media Brokers Inc. Inc. (Lewis Korman, president) Broker: million for option Gleacher & Co. to bUy and LMA; KFWU-TV Fort Bragg/San Francisco WPBN-TV Traverse City/Cadlllac-WTOM­ $2 million to Price: $3.25 million Buyer: Pappas Tele­ TV Cheboygan/Cadillac and WLUc-TV exercise option; casting Cos. (Harry J. Pappas, president) Marquette, Mich.; WDAM-TV LaureltHat· $7 million to Selier: Sainte Ltd. (Chester and Naomi tlesburg, Miss.; KTVO(TV) Ottumwa, move tower) Smith, 51% general partners) IowaIKlrksvllle, Mo., WSTM-TV Syracuse, Buyer: Allbritton Communications Co. ConnecfIcut N.Y., and KNDO(TV) Yaklma-KNDU(TV) (Robert L. Allbritton, executive VP) Seller: RlchlandlYaklma, Wash. PrIce: $170 million Osborn Communications Corp. (Frank D. WTWS(TV) New LondonlHartford Price: (merger) Buyer: Raycom Media Inc., Boston Osborn, president) $3,050,949 Buyer: Roberts Broadcasting of (Stephen I. Burr, secretary; Burr Family Trust, Hartford LLC (co-owners Steven C. and WOWL-TV F10renceJHuntsville Price: Michael V. Roberts) Seller: Paxson Commu­ 33.3% owner) Seller: Federal Enterprises $2.407 million Buyer: Galleria Broadcast nications Corp. (Lowell W. "Bud" Paxson, Inc. (Dale G. Rands, president) Broker: Group (managing partners Gary Kneller, Media Venture Partners Bruce Lumpkin) Seller: Rick Biddle Broker: chairman) WCTV(TV) thomasville, Ga./Tallahassee, Stan Raymond &Associates District ofColumbia As., and WKXT·TV Knoxville, Tenn. Price: WHOA·TV Montgomery Price: $6 million WMDo-TV Washington and WMDO(AM) $165 minion for stock ($15 million for WCTV; plus assump1ion of liabilities liz has to call Wheaton, MdJWashlngton Price: $4.7 mil­ $150 million for WKJ(T-TV) Buyer: Gray Com­ to check final price Buyer: Park Communi­ lion Buyer: Latin Communications Group munications Sytems Inc. (Ralph W. Gabbard, cations Inc. (Wright M. Thomas, president) Inc. (Peter W. Davidson, president) Seller.' president) Seller: John H. Phipps Inc. (John Seller: WHOA-TV Inc. (Louis Frey Jr., presi­ Los Cerezos Broadcasting Corp. (Antonio E. Phipps, chairman) dent) Broker: Media Venture Partners Guernica, president) KSBW(TV) SalinaslMonterey, Calif.; AlIIfIIuJ WVVl(TV) Manassas, VaJWashlngton WEYI(TV) Saginaw/flint, Mich., and Price: Up to $40 million ($30 minion plus $1 ' WROC-TV Rochester, N.Y. PrIce:$160 mil­ KTBY(TV) Anchorage Price: $8.5 million million more if Supreme Court upholds must lion Buyer: Hicks, Muse, Tate &Furst Inc. Buyer: GrapeVine Communications Inc. (Thomas O. Hicks, chairman) Seller: Smith (Wendell Reilly, president) Seller: Ronald carry) Buyer: Paxson Communications Broadcasting Partners LP (Robert N. Smith, Bradley Broker: Kalil &Co. Corp. (Lowell W. "Bud" Paxson, chairman) Selier: ValueVision International Inc. president) Arizona (Nicholas M. Jaksich, president) WDKY-TV Danvlllellexington, Ky., and KOCB(TV) Oklahoma City PrIce: $63 million CP for KAJW-TV Tolleson/Phoenix Value: Rorida for stock Buyer: Sinclair Broadcast Group $12 million ($5.4 million for 49% interest; option to buy remainder for $6.6 million after WBSG·TV Brunswick, GaJJacksonvllle Inc. (David D. Smith, president) Seller: Supe­ Price: $10,567,500 Buyer; Allbritton Com­ rior Communications Group Inc. (Perry Sook, station is built and running one year) Buyer: Paxson Communications Corp. (Lowell W. munications Co. (Robert L. Allbritton, exect: president). Brokers: Alex. Brown & Sons Inc.; tive VP) Seller: Coastal Com lne. Communications Equity Associates "Bud" Paxson, chairman) Seller: Hector Gar­ cia Salvatierra Broker: Kalil &Co. WZVN-TV Naples Prlce:$21.3 million Swap of WLWT(TV) Cincinnati and Buyer: Montclair Communications Inc. (Lal KOCO-TV Oklahoma City (owner, Gannett Arfca..... Kunkler, president) Seller: Ellis Communic, Co. Inc. [John Curley, chairman]) for WZZM­ KHBS(TV) Fort Smith and satellite KHOG· tions Inc. (U. Bertram Ellis Jr., president) TV Grand Rapids, Mich., and WGRZ-TV TV FayettevillelFort Smith Price: About WPGX(TV) Panama City Price: $5 million Buffalo, N.Y. (owner, Argyle Television Inc., $30 million (merger) Buyer: Argyle Televi­ Buyer: Wicks Broadcast Group LP (WOO Bob Marbut, chairman) Price: More than $20 sion Inc. (Bob Marbut, chairman) Seller: Management Inc., general partner [Edgar million Sigma Broadcasting Inc. (Robin "Robert" r Berner, president]) Seller: Ashling Broaoo WSTR·TV Cincinnati and KSMQ-TV Hernreich, Cynthia Hemreich-Beller, owners) Group Inc. (Elizabeth W. Mooney, prineipa Kansas City, Mo. Price: $20 million ($11 Broker: Chase Manhattan Bank N.A. Brokers: Kalil &Co. (buyer); York Street million for WSTR-TV; $9 million for KSMO-TV) Buyer: Sinclair Broadcast Group Inc. (David CIIlifomla Partners (seller) D. Smith, president) Seller: ABRY Holdings KIEM·TV Eureka Prlce:$3.05 million WTWC·TV Tallahassee Price: $4.6 millio

Inc. (Royce Yudkoff, president) Buyer: Pollack/Belz Broadcasting Co. < Buyer: Guy Gannett Communications KWBF(TV) FlagstafflPhoenlx, Ariz.; (William H. Pollack, president) Seller: Precht (James B. Shaffer, president) Seller: KUBD(TV) Denver and LPTV at Fort Television Associates Inc. (Robert H. Precht, Thomas M. Duddy (receiver for Holt-Robir Collins, Colo.; WCEE(TV) Mount Vernon, president) Broker: Blackburn &Co. son Television Inc.) lIIiSt. Louis, and WTJC(TV) Springfield/ KCAL-TV Los Angeles Price: $385 million WFCT-TV BradentonlTampalSt. Peters· Dayton, Ohio Value: $18.7 million ($18.3 Buyer: Young Broadcasting Inc. (Vincent J. burg Price: $1.491 million (includes loan million in loans + $100,000 per station) Young, chairman) Seller: Walt Disney Co. and option to bUy) Buyer: Christian Netw! Buyer: Paxson Communications Corp. (Michael D. Eisner, chairman) Broker: Bear, Inc. (James L. West, chairman; Lowell W. (Lowell W. "Bud" Paxson, chairman) Seller: Stearns &Co. Inc. (seller) "Bud" Paxson, co-founder) Seller: PaxSOI Christian Network Inc. (James L. West, chair­ Communications Corp. (Lowell W. "Bud" man, Lowell W. "Bud" Paxson, co-founder) KCSO(TV) Modesto/sacramento Price: Paxson, chairman) $40 million Buyer: Univision Communica­ KSWT(TV) Yuma, Ariz., and KTVH-TV tions Inc. (A. Jerrold Perenchio, president) Georgia Helena, Mont. Price: $8 million cash ($3.43 Seller: Sainte ltd. (Chester and Naomi million for KSwr) Buyer: Grapevine Commu­ Formation of LP to own WFXL(TV) Alb Smith, 51% general partners) Broker: Kalil & nications Inc. (Wendell S. Reilly, president) Value: $5.7 million Buyer:BCI Growth I Co. Seiler: John K. Radeck Broker: Sailors & LP (Theodore T. Horton Jr., principal; aft· Associates KCNS-TV San Francisco Price: $30 million transfer, BCI will be 66.5% limited partn€

24 February 3 1997 Broadcasting 8 STATION &CABLE 'lKAVINU

Raycom Media Inc. (Bryan Kent Hawkins, Seller: Clarion Broadcasting Corp. (Daniel Holdings Inc. (Marshall W. Pagon, president) president) S. Dayton, president; before transfer Clarion Seller: Bride Communications Inc. (John W. was 100% general partner; after transfer will Bride, president) ,.. be 33.5% GP) ... If...... ". KHGI-lV Kearney, KWNB-lV Hayes cen­ WFXG(TV) Augusta and WXTX(TV) WNDS(TV) Derry, N.HJBoston PrIce: $18 ter and KSNB-lVSuperior Prlce:$12.75 Columbus Price: $40.1 million Buyer: Gal­ million Buyer: Ramcast Corp. (Rachamim million Buyer: Pappas Telecasting Cos. leria Broadcast Group LLC (managing mem­ Anatian, chairman) Seller: CTV of Derry Inc. (Harry J. Pappas, president) seller: Fant bers Gary D. Kneller, Bruce K. Lumpkin) (Gerald Q. Nash, chairman) Broadcasting Co. (Anthony J. Fant, presi­ Seller: John D. Pezold Broker: Stan Ray­ dent) Broker: Kalil & Co. WHRC(TV) Norwell/Boston Price: $15 mil­ mond & Associates Inc. (buyer) lion Buyer: Christian Network Inc. (James L. NewYodc WTGS-lV HardeevUle, S.CJSavannah West, chairman; Lowell W. "Bud" Paxson, WOCO(TV) Amsterdam/Albany Price: $2.5 Price: $7 million Buyer: LP Media Inc. (J. co-founder) Seller: Massachusetts Redevel­ Curtis Lewis III, president) 5eiIer:Hilton Head million Buyer: Christian Network Inc. (James opment LLC (Micheal L. Parker, president) L. West, chairman; Lowell W. "Bud" Paxson, Television Inc. (Carleton D. Burtt, president) co-founder) Seller: Cornerstone TeleVision Mk:IJI#In Inc. (Oleen Eagle, president) '"inois WXON-lV Detroit Price: $175 million cash WYZZ(1V) BloomlngtonlPeoria Price: $23 Buyer: Granite Broadcasting Corp. (W. Don WNYB(TV) Buffalo Price: $12 million (plus million Buyer: Sinclair Broadcast Group Inc. Cornwell, chairman) Seller: Aben E. John­ transfer of WTJA(TV) Jamestown, N,Y., to seil­ (David D. Smith, president) Seller: Bloom­ son Jr. Broker: H.B. La Rue Media Brokers er) Buyer: Grant Television Inc. (Milton ington Comco Inc. (Gerald J. Robinson, Grant, president) Seller: Tri-State Christian 50% of WLAJ·lV Lansing Value: $17 mil­ TV Inc. (Garth W. Coonce, president) Bro· president) lion Buyer: Paul Brissette Jr. Seller: Joel I. ker: Fox Media Ferguson Louisiana WNYS-lV Syracuse (includes construction WVLA(TV) Baton Rouge Price: $23.975 "'"",.."" permit for LPTV at Mexico, N.Y.) Price: million Buyer: White Knight Broadcasting KXLJ-lV St. CloudlMinneapolislSt. Paul $4.245 million Buyer: RKM Media Inc. Inc. (Sheldon H. Galloway, owner) Seller: Price: $12 million Buyer: Paxson Commu­ (Ronald W. Philips, president) Seifer: Metro Vetter Communications (Cyril Vetter, owner) nications Corp. (Lowell W. "Bud" Paxson, TV Inc. (Craig L. Fox, president) KlVE(1V) EI Dorado, ArtUMonroe Price: chairman) Seller: KX Acquisition LP c/o WFXV(1V) utica (includes low-power $9.5 million Buyer: GOCOM Television (Ric Lang Communications (Dale W. Lang, WUPN[TV]) Price: $3.2 million Buyer: Sullivar Gorman, CEO) Seller: Gray Communications owner) Broadcasting Co. (J. Daniel Sullivan, presi­ Sytems Inc. (Ralph W. Gabbard, president) dent) Sellers: - WFXV: Mohawk Valley "'ississippi Broadcasting Inc. (Craig Fox, 37.5% owner) Maine WDAM·lV LaurellHattiesburg Price: $6 -WUPN: Acme TV Corp. (Kevin O'Kane, WPXT(1V) AuburnIPortland Price: $17.25 million Buyer: Media Broadcasting Group president) million Buyer: Pegasus Communications Inc. (Donald R. Tomlin Jr., president) Seller: Notfh c.oHna WAAP(TV) BurlingtonlWinston-Salem Price: $5.5 million Buyer: Paxson Commu­ nications Corp. (Lowell W. "Bud" Paxson, chairman) Seller: Television Communica­ tions Inc. (debtor-in-possession; Jack Rehburg, president) Broker: Connelly Co. WYDO(TV) Greenville Price: $1.5 million Buyer: GOCOM Broadcasting Corp. (Richard L. Gorman, president) Seller: KS Family Television Inc. (Frederick J. McCUnE principal) WRAZ(TV) Raleigh/Durham Price: $3.1 million ($600,000 pius $2.5 million in assumptions) Buyer: Carolina Broadcastin System 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: Wil

";.C son Telecasters Inc. (James Thrash, presi­ dent) Broker: Blackburn & Co s Inc. (later Raycom' Media,' Letter of intent for WSFX-TV Wilmingtol tions Inc.'s 15 TVs, two ra Price: $10 million Buyer: Twin Towers Co ral.lnc. buys Park Comm munications Co. (Edward L. Gargano, pref eekly newspapers 8fo'" dent) Seller: Wilmington Telecasters Inc. ( Watts, president). ns merges into American R 0IIi0 WNWQ.TV Toledo Price: $39.5 million acquires AFLAC Inc.'s seve Buyer: Malrite Communications Group In (John Chaffee, president) Seifer: WNWO

26 February 3 1997 Broadcasting & SPECIAL REPORT

Associates (Ralph E. Becker, principal) Bro­ FallsIMitchetl, KCLo-TV Rapid CIty and $7.5 million Buyer: Paxson Communications ker: Media Venture Partners KPLo-TV ReilancelSloux FallsIMitchel Corp. (Lowell W. "Bud" Paxson, chairman) Price: $50 million Buyer: Young Broadcast­ Seller: Alpha & Omega Communications ...... ing Inc. (Vincent Young, chairman) Seller: LLC (Max Jarimillo, president) Midcontinent Media Inc. (Joseph H. Floyd, KMMZ·TV Oklahoma City Price: $6.395 Virginia million Buyer: Paxson Communications president) Broker: Kalil &Co. Corp. (Lowell W. "Bud" Paxson, chairman) WJCB(TV) Norfolk Price: $6.75 million Seller: Aracelis Ortiz Broker: Patrick Com­ r...... ee (merger) Buyer: Lockwood Broadcasting munications Corp. WKZX(TV) CookevillelNashville Price: Inc. (James L. Lockwood, CEO) Seller: $1.2 million Buyer: Co-owners Michael V. Tidewater Christian Communications Corp. Pennsylvania and Steven C. Roberts SeIter: InaVision (Sam Jacobs, principal) WJAL·TV Hagerstown, MdJChambers­ Broadcasting Inc. (Ed Gilgenbach, president) Washington burg Price: $7.5 million cash Buyer: Ala Broker: Kalil & Co. Inc. KAYU-TV Spokane Price: $6.44 million Holdings Ltd. (Joseph M. Wolz, chairman) WNAB(TV) Nashville Price: $2.2 million ($3.6 million in subordinated promissory Seller: Good Companion Broadcasting Co. cash for stock Buyer: Speer Communica­ notes; $2,398,222 for stock; $441,778 for (Gerald Jacobs Sr., president) tions Holdings LP (General Hershey Inc., Class A LP interests) Buyer: Alta Subordi­ general partner [Richard M. Speer, owner]) .....,."setts nated Debt Partners III LP (Alta Subordinat­ Seller: Ruth Payne Carman W1CU-TV Erie Price: $11 million for stock ed Debt Management Partners III LP, gener­ WXMT(TV) Nashville Price: $28.9 million Buyer: SJL Communications LP (George D. al partner [Craig L. Burr, founding general (merger) Buyer: Mission Broadcasting I Inc. \ , Lilly, president) Seller: Lamb Enterprises partner]) Seller: Brian W. Brady Broker: (David S. Smith, owner) Seller: Central Ten­ (Priscilla Lamb Schwier, president) Broker: Amsterdam Pacific nessee Broadcasting Corp. (Michael P. Wood & Co. Thompson, president) Wisconsin WFXP(TV) Erie Price: $5 million Buyer: WHKE(TV) Kenosha/Milwaukee Price: Jason Elkin Seller: Erie Broadcasting Inc. Texas $6.1 million ($6 million forgiveness of debt; (James Keirn, president) KTAB-TV Abilene Price: $8 million Buyer: $100,000 cash) Buyer: Paxson Communica­ WSEE·TV Erie Price: $12 million for stock ShootingStar Inc. (Diane Sutter, president) tions Corp. (Lowell W. "Bud" Paxson, chair­ 8uyeI':WSEE Television 1996 Trust (James Seller: Shamrock Holdings Inc. (Roy E. Dis­ man) Seller: Christian Network Inc. (James L Winston, trustee) 5el1er:NorthstarTelevi­ ney, chairman) L. West, chairman; Lowell W. "Bud" Paxson, sian Group Inc. (Mark Vander Starre, principal) KYLE(TV) Bryan Price: $1.1 million Buyer: co-founder) WYOU-TV Scranton Value: At least $23.3 Communications Corp. of America (Thomas WMSN-TV Madison Price: $26.5 million cash million Buyer: Nexstar Broadcasting Group R. Galloway Sr., chairman) setter: Silent Buyer: Sullivan Broadcasting Co. (J. Daniel Inc. (Perry Soak, president) Seller: Diversified Minority Group Inc. (Rodger B. Wains, princi­ Sullivan, president) Seller: Channel 47 LP c/o Communications (David H. Lowell, principal) pal) Madison GP (Ronald J. Koeppler, president) Puel'to Ilko KFOX-TV EI Paso Price: $20.855 million Buyer: Cox Enterprises Inc. (Nicholas D. 5O"A. of WKPV(TV) Ponce, WSJN-TV san Trigony, president) Seller: KFOX-TV Inc. Juan and WJWN-TV san Sebastian Price: (John B. Mulderrig, president) KROQ-FMand $4 million for stock Buyer: Paxson Commu­ KRTH-FMLos KINT-TV EI Paso (and KSVE(AM)-KINT-FM EI nications Corp. (Lowell W. "Bud" Paxson, Angeles and Paso) Price: $29.2 million Buyer: Entravi­ chairman) Seller: Housing Development KOME-FM, sion Communications Co. LLC (Walter F. Associates SE (Don Blakeman, president) KFRc-AM-FM Ulloa, managing member) Seller: Paso del and KYCY(FM) Rhode Island Norte Broadcasting Corp. (Jose Angel Silva san Francisco; Jr., president) WPRI·TV Providence Price: $68 million WQYK-AM-FM Buyer: Clear Channel Communications Inc. 51% of KZJL(TV) Houston Price: $1.4 mil­ TampalSt. Seller: CBS Inc. lion for stock Buyer: Shop at Home Inc. Petersburg, (Kent E. Lillie, president) Seller: Urban ~:d; SofItII Carolina Broadcast Systems Inc. (Charles E. Walker, (arranged by price) WZGc-FM WBNU-TV Charleston Price: $4.2 million president) WAOK(AM)­ Buyer: Max Media Properties LLC (John A. KE-TV JacksonviliefTyler, and KLSB-TV WVEE(FM) Atlanta; WUSN-FM, Trinder, president) Seller: New View Broad­ NacogdochesfTyler Price: $17.1 million WJJD(AM)-WJMk·FM, WCKG(FM) and casting Inc. (Lawrence E. Steinberg, presi­ Buyer: Max Media Properties LLC (John A. WYSY(FM) Chicago; WBCN-FM, WZLX­ dent) Brokers: Richard A. Foreman Associ­ Trinder, president) Sellers: - KE-TV: Lone FM, WBOS(FM) and WOAZ-FM Boston; ates Inc. (buyer); Bergner & Co. (seller) Star Broadcasting Inc. (James M. Buck III, WYCD(FM), WOMc-FM and WXYT(AM) Detroit; WFAN(AM) and WZRC(AM)­ WFVT(TV) Rock Hill/Charlotte Price: $4 principal) -KlSB-TV: KLSB Acquisition Corp. WXRK-FM New York; WYSP-FM and million Buyer: TV 55 LLC (H. Wharton Win­ (Paul Lucci, president) WIP(AM) Philadelphia; Kews(FM), stead Jr., president) Seller: Family Fifty-Five KRRT(TV) KerrvilielSan Antonio Price: $2 KDMM(AM)-KVIL-FM, KLUV-FM, Inc. (Paul E. Hood, 20% owner) million plus assumption of liabilities Buyer: KYNG(FM), KRBV-FM and KHVN(AM)­ WGSE(TV) Florence/Myrtle Beach Price: Glencairn Ltd. (Edwin L. Edwards Sr., presi­ KOAI(FM) Fort Worth/Dallas, and $1,500,010 Buyer: JME Media Inc. (James dent) Seller: KRRT Inc. (John Kanzius, pres­ KXYZ(AM), WJFK(AM)-WUF-FM, WPGC­ McGregor Everett, president) Seller: Caroli­ ident) AM-FM, WJFK-FM and WCAO(AM)­ na Christian Broadcasting Inc. (James H. KNVO(TV) McAllen/Brownsville Price: WXYV(FM) BaltimorelWashington Price: Thompson, president) Broker: Broomall $24.8 million cash for stock (merger) Buyer: $4.9 billion (merger) Buyer: Westinghouse ,\ Enterprises Inc. Entravision Merger Corp. (Walter F. Ulloa, Electric Corp.lCBS Inc. (Michael H. Jordan, t chairman) Seller: LS Communications Ltd. chairman) Seller: Infinity Broadcasting Corp. , SoutIr Dakota ,~ (Mel Karmazin, president) Brokers: Merrill KELo-TV Sioux Falls/Mitchell and satel­ Utah Lynch & Co. (Infinity); Chase Securities Inc., lites KDLO-TV Florence/Sioux KOOG-TV Ogden/Salt Lake City Price: Salomon

Broadcasting & Cable February 3 1997 STATION &CABLE TRADING

ing Inc. (Robert F.X. Sillerman, executive KBLA(AM) Santa MonIcaILos Angeles KYKY(FM) Sl Louis; WSQC-FM and WSSS{FM) Charlotte, N.C.; WBZZ(FM) chairmanl53.2% owner) Seller: Secret Com· and KOVR(TV) StocktonlS8cramento, munications LP (Frank Wood, president) Calif.; WTTV(TV) Bloomington and and WZPT(FM) Pittsburgh; WlOQ(FM) and WITK(TV) Kokomolboth IndlanapoUs; WUSL(FM) Philadelphia, and KRPM(AM), Swap of WIOQ..FM and WUSL-FM KDSM-TV Des MoInes, Iowa; KMEZ(FM) KYCW(FM), KMPs-AM-FM and KZOK-FM Philadelphia plus $10 million for Belle ChasselNew Orfeans and WWl(AM), Seattle and KBKS(FM) TacomaJSeattie, WPEG(FM) Concord/Charlotte, WLMG-FM and WSMB(AM) New Orleans, Wash. Price: $655 million (merger) Buyer: WBAV(AM) Charlotte-WBAV-FM Gasto­ La.; KDNL-TV St. Louis, WVRV(FM) American Radio Systems Corp. (Steven B. nia/Charlotte, WFNZ(AM)-WRFX-FM and Wilmore, Ky.lEast St. Louis and Dodge, chairman) Seller: EZ Communica- WNK5-FM Charlotte, N.C. Value: $250 mil­ KPNT(FM) St. tions (Alan Box, presi­ lion Swapper, WIOQ-FM, WUSL-FM: EZ Com­ GenevievelSl Louis, dent) munications (Alan Box, president) Swapper, Mo.; KZSS(AM)-KZRR­ WHOO(AM)-WHTQ(FM) WPEG, WBAV-AM-FM, WFNZ-WRFX, WNKS-FM: FM Albuquerque and and WMMO(FM) Orlan­ Evergreen Media Corp. (Scott K. Ginsburg, KLSK-FM Albu­ do, Fla.; WAOK(AM)­ chairmanl55.6% owner) Broker: Star Media querquelSanta Fe, N.M.; WVEE(FM) Atlanta; Group WBEN(AM), WCAO(AM)-WXYV(FM) WZZK-AM-FM and WODL-FM Birming­ WWKB(AM), WKSE-FM, Baltimore; WBOS(FM) ham, Ala.; WEZN.fM Bridgeport, Conn.; WMJQ..FM, WGR(AM) BrooklinelBoston and WCFB(FM) Daytona Beach and and WWWS(AM) Buffa· WOAZ·FM WDBO(AM)-WWKA-FM and WZKD(AM) 10, N.Y.; WLOS(TV) LowelllBoston, and Orlando, Fla.; WJZF-FM La Asheville, N.C.; KRBV-FM Dallas and Grange/Atlanta; WBBS(FM) FultonlSyra­ WSYX(TV) Columbus, KHVN(AM)-KOAl(FM) cuse and WSYR(AM)-WYYY(FM) Syra­ Ohio; WKRZ-FM, Fort Worth, Tex. Price: cuse, N.Y.; KRMG(AM)-KWEN(FM) and WGGY-FM, WlLK(AM), $4tO million (merger) KJSR(FM) Tulsa, Okla., and KCJZ(FM) WGBI(AM), WWSH-FM, Buyer: Infinity Broadcast­ Terrell HIIlslS8n Antonio and KKYX(AM)­ WXPX(AM) and ing Corp. (Mel Karmazin, KCYV(FM) San Antonio Price: $250 millior WQEQ(FM), all Wilkes­ president) Seller: Buyer: Cox Broadcasting Inc. (Nicholas D. BalTelScranton, Pa.; Granum Holdings LP Trigony, president; Robert F. Neil, executive WFBe-AM-FM, (Herb McCord, president) VP/radio) Seller: NewCity Communications WORD(AM) and WSPA· KOOL-FM, K1S0(AM)· Inc. (Dick Ferguson, president) AM-FM Greenville, KZON(FM) and WCKT(FM) Lehigh Acres/Fort Myers and WLOS(TV) KOY(AM)-KYOT·FM Asheville/Greenville WXRM-FM Naples Park/Fort Myers, Fla.; Phoenix;WGMS(FM), WNOE-FM and KLZJ-FM New Orleans; andWFBe-TV WBIG(FM) and Greenville, S.C.; WRVR­ WHYN-AM-FM Springfield, Mass.; WTEM(AM) Washing­ WXRA(FM) Eden and WSJS(AM)­ FM, WJCE(AM)-WOGY· ton; WBOB(FM) and FM Memphis and WTQR(FM) Winston Salem, N.C.; KXXY· KQQL(FM) Minneapo­ AM-FM and KTST(FM) Oklahoma City; WLAe-AM-FM and 11sISt. Paul, and WWBB(FM) Providence and WWRX·FM WJCE-FM Nashville, WOKY(AM)-WMIL(FM) Westeriy, R.I.; WWDM(FM) Sumter and and KABB-TV San WaukeshalMilwaukee, WARQ(FM) Columbia, S.C., and Antonio, Tex. (and LMA Wis. Price: $365 million WREC(AM)-WEGR-FM and WRXQ..FM with KRRT-TV Ker· Buyer: Chancellor Broad­ rvilielS8n Antonio) Memphis Price: $235 million Buyer: Clear casting Co. (Steve Channel Communications Inc. (L. Lowry Price: $1.2 billion (merg­ Dinetz, president; Hicks, er) Buyer: Sinclair Broad­ Mays, president) Seller: Radio Equity Part­ Muse, Tate &Furst Inc., cast Group Inc. (David D. ners LP (George Sosson, president) 90% owner) Seller: Col­ Smith, president) Seller: fax Communications Inc. (L. Steven Gold­ KDFC(AM) Palo AftolS8n Francisco­ River City Broadcasting LP (Barry Baker, stein, president) KDFe-FM san Francisco, KKSF-FM San president) Broker: Communications Equity Francisco and WDA5-AM-FM Phlladel· KTNQ(AM)-KLVE(FM) Los Angeles; Associates Inc. phia Price: $218 million Buyer: Evergreen WRTO(FM) Goulds, FIa.lMiami, WAQI(AM) KOPA(AM)-KSLX(FM) Media Corp. (Scott K. Ginsburg, chair­ and WQBA(AM)-WAMR·FM Miami; 5cottsdalelPhoenix, Ariz.; KSEG(FM) man/55.6% owner) KDFC-AM-FM, WLXX(AM) Chicago; KLSQ(AM) Laughlin, Sellers:- Sacramento and KRXQ(FM) Nev.; WPAT(AM) Paterson, N.J./New KKSF-FM: Brown Organization (Michael RosevlllelSacramento, Calif.; WXTB(FM) York, WGLI(AM) Babylon, N.Y., and .Brown, president; Phil Melrose, president, ClearwaterlTampa, WTBT(FM) New Port WADO(AM) New York, and in the Brown Broadcasting Co.) - WDAS-AM-FM: RicheylTampa and WTSP-TV Sl Peters­ Dallas/Fort Worth market: KINF(AM) Den­ Beasley Broadcast Group (George G. burglTampa, Fla.; WKL5-FM Atlanta; ton, KICI-FM Corsicana, KMRT(AM) Dal· Beasley; president! owner) Broker: Star WDAF(AM)-KYYS(FM) Kansas City, Mo.; las, KMRT·FM GranbUry, KESS(AM) Fort Media Group Inc. WKRe-TV, WKRQ(FM) and WWNK(FM) KSOL(FM) San Mateo/San Francisco an, Cincinnati and WTVN(AM)-WLVQ(FM) Worth, KECS(FM) Gainesville and KYLZ(FM) Santa Cruz, Calif.; W1ND(AM)· Columbus, Ohio, and KEX(AM)-KKRZ(FM) KHCK(FM) Denton Price: $336 million Buyer: Clear Channel Communications Inc. WOJO(FM) Evanston/Chicago; KBNA­ Portland and KKCW(FM) BeavertonIPort· (L. Lowry Mays, presidenV22% owner) Selt· AM-FM and KAMA(AM) EI Paso, land, Ore. Price: $774 million (merger) er: Heftel Broadcasting Corp., Las Vegas KGBT(AM)-KiWW-FM Harlingen, Buyer:Jacor Communications Inc. (Randy KLAT(AM) Houston, KMIA(FM) Jasper Michaels, CEO) Seller: Citicasters Inc. (John (Cecil Heftel, chairman) (moving to Winnie), KQXX(FM) McAllen, Zanotti, president) WNDE(AM)-WRZX(FM) and WFBQ(FM) KLTN(FM) Port Arthur, KMPQ(AM) ROSE KHTK(AM)-KNCI(FM) and KRAK-FM Indianapolis; WTAM(AM)-WLTF(FM) berg/Richmond, KCOR(AM), KROM·FM Sacramento, Calif.; KBEQ..AM-FM (Kan.) Cleveland, and WDVE(FM), WXDX·FM, and KXTN·AM·FM San Antonio and and KFKF·FM (Mo.) Kansas City; WDSY·FM and WJJJ(FM) Pittsburgh KMIA(FM) Winnie, all Tex.; 26% of KFNS(AM)-KEZK·FM, KSD-AM·FM and Price: $300 million Buyer: SFX Broadcast- KUNO(AM)-KSAB-FM Corpus Christi, T·

28 February 3 1997 Broadcasting &' • SlATlON &CAHLb IKAVINU

Value: $210 million (merger) Buyer: Heftel WNND-FM Fuquay-Varina/Raleigh, N.C., per, KISW: Nationwide Communications Inc. Broadcasting Corp.lClear Channel Commu­ and KJOJ-AM-FM FreeportlHouston, Tex.; (Steve Berger, president) to Entereom; nications Inc. Seller: TIChenor Media Sys­ Joint sales agreements with WOWI-FM Secret trades rights to acquire KTBZ to tems Inc. (McHenry T. Tichenor Jr., presi­ and WJCD(FM) Norfolk and WSVY-AM-FM Nationwide Broker: Gary Stevens dent/1 0.1 % owner) Broker: Star Media Portsmouth, Va. Price: $140 million (merg­ KSJO(FM) San Jose and KUFX(FM) Group Inc. er) Buyer: Clear Channel Communications Gilroy/san Jose, calif., and KUPL-FM WINE(AM)-WRKI(FM) Brookfield, Inc. (L. Lowry Mays, president) Seller: US Portland and KKJZ(FM) Lake WNLK(AM)-WEFX(FM) Norwalk and Radio Group Inc. (Ragan A. Henry, chair­ OswegolPortland, Ore. Price: $1 03 million WSTC(AM)-WKHL(FM) Stamford, all man/SO.9% owner) Buyer: American Radio Systems Corp. Conn.; WJBR-AM-FM Wilmington, Del.; KMJ(AM)-KSKS(FM) and KKDJ(FM) Fres­ (Steven B. Dodge, chairman) Seller: Bay­ WKQS(FM) GlffordlVero Beach, no and KCTC(AM)·KYMX(FM) sacramen­ Com Partners LP (Jack McSorley, COO/gen­ WZZR(FM) Stuart and WQOL(FM) and to, calif.; KFAB(AM)-KGOR(FM) Omaha, eral partner; Triad Capital Management Inc., WAXE(AM)-WAVW(FM) Vero Beach, all Neb., and KBBT(AM)-KUFO(FM) Portland, partner) Broker: Media Venture Partners Fla.; WPUT(AM) Brewster, WVIB(FM) Ore. Price: $115 million Buyer: American K1SO(AM)-KZON(FM) and KOY(AM)­ Mount Kisco, WVYB(FM) Patterson, and Radio Systems Corp. (Steven B. Dodge, KYOT·FM Phoenix, ArIz.; KARO(FM) WFA8-AM-FM White Plains, all N.Y.; chairman) Seller: Henry Broadcasting Co. NampalBolse and K1DO(AM}-KLTB(FM) WBVB(FM) Coal Grove and WlRO(AM) (Charlton Buckley, chairman) Broker: Media Boise, Idaho, and WOKY(AM) Milwaukee­ and WMLV(FM) Ironton, Ohio; WAEB-AM· Venture Partners WMIL(FM) WaukeshaIMIlwaukee, Wis. FM Allentown and WZZO(FM) Bethlehem, WAAX(AM)-WQEN(FM) Gadsden, Ala.; Price: $95 million Buyer: Colfax Communi­ Pa., and WKEE-AM-FM and WHRO(AM) WOLZ(FM) Fort Myers and WKlI(AM)­ cations Inc. (L. Steven Goldstein, president) Huntington, WTCR(AM) KenovalHuntlng­ WEEJ(FM) Port ChariotteIFort Myers, Ra.; Seller: Sundance Broadcasting (Mike Jor­ ton-WTCR-FM Huntington, WZZW(AM) WWNC(AM)-WKSF(FM) Ashevflle, N.C.; genson, president) Broker: Kalil &Co. Milton and WFXN-FM MlltonlHuntlngton, WlNG-FM DaytonlSpringfleld, Ohio; all W.Va. Price: $200 million Buyer: Cap­ Swap of WOMX-FM Orlando, Fla., pius WTJS(AM)-WTNV(FM) Jackson and $43.5 million for WMJI(FM) and star Broadcasting Partners (A. Steven Hicks, WYNU(FM) Milan/Jackson, Tenn.; WKWK­ president/3.2% owner) Seller: Commodore WMMS(FM) Cleveland Value: $93.5 million AM-FM, WWVA(AM)-WOVK(FM) and (includes $1.5 million consulting agreement) Media Inc. (Bruce A. Friedman, president) WEGW(FM), Wheeling and WHLX(FM) Brokers: BT Securities (Hicks Muse); Media Swapper, WOMX-FM: Nationwide Communi­ BethlehemlWheellng, W.Va., and 50% of cations Inc. (Steve Berger, president) Swap­ Venture Partners, CIBS Wood Gundy (Com­ WDRR(FM) SanlbellFort Myers, Fla. PrIce: per, WMJI, WMMS: OmniAmerica Group (Carl modore) Buyer: $111.4 million (merger) Capstar E. Hirsch, chalrman) Brokers: Star Media Swap of WTSP-TV St. PetersburglTampa, Broadcasting Partners Inc. (R. Steven Hicks, Group Inc. (OmniAmerica); Crisler Co. chairmanl3.2% owner Seller: Osborn Com­ Fla., for KIIS(AM)-KFMC(FM) Los Angeles, (Nationwide) KSDO(AM)-KCLX·FM San Diego and munications Corp. (Frank D. Osborn, presi­ WDAE(AM)-WUSA-FM Tampa Value:$190 dentl6.3% owner) Broker: Bankers Trust, Swap of WAXQ(FM) New York for million Swapper, WTSP-TV: Jacor Communi­ Robert Chaisson (seller) KNDD(FM) Seattle and KBSG(AM) Auburn/Federal Way-KBSG-FM Tacoma, cations Inc. (Randy Michaels, CEO) Swap­ Swap of WFYV-FM Atlantic Beach/Jack­ Wash. Vslue: $91.2 million SwtIpper, WAXO: per, radios: Gannett Co. Inc. (John Curley, sonville and WAPE-FM JacksonVille, Ra., Entertainment Communications Inc. (Joseph chairman) for Long Island, N.Y.-market stations M. Field, president) SWllpper, Washington KUDL-FM and KMXV(FM) Kansas City, WGBB(AM) Freeport·WBAB.FM Babylon, stations: Viacom Intemationallnc. (Sumner Mo.; KBGQ-FM, KSNE-FM and KFM8-FM WBLI(FM) Pstchogue and WHFM(FM) M. Redstone, president) Broker: Media Ven­ Las Vegas and KWNR(FM) Henderson Southhampton Value: $1 08 million Swap­ ture Partners and Las Vegas, Nev.; WEZL(FM) and per, WFYV-FM, WAPE-FM: Chancellor Broad­ WXLY(FM) Charleston, S.C., and KUTa­ casting Co. (Steve Dinetz, president) Swap­ Swap of KPOP(AM)-KGB·FM San Diego FM BountifUl, KZHT(FM) Provo, per, Long Island stations: SFX Broadcasting for KSLX·AM-FM Scottsdale, Ariz. Value: KALL(AM)-KODJ(FM) Salt Lake City and Inc. (Robert F.X. Sillerman, executive chair­ $90 million. Swapper, KPOP(AM)-KGB-FM: KKAT(FM) Ogden/Salt Lake City, all Utah man/53.2% owner) Broker: Star Media Nationwide Communications Inc, (Steve Price: $184.7 million Buyer: Jacor Commu­ Group Inc. Berger, president) Swapper, KSLX-AM-FM: nications Inc. (Randy Michaels, CEO) Seil­ KCEE·AM·KWFM(FM) and KNST(AM)­ Jacor Communications Inc. (Randy er: Regent Communications (Terry S. KRQQ(FM) Tucson, Ariz.; WOKV(AM)­ Michaels, CEO) Jacobs, president) WKQL(FM), WIVY(FM) and WPDQ(AM) Swap of KRRW(FM) Dallas/Fort Worth XETRA·AM-FM TIJuana, MexlcolSan JacksonVille, Ra.; KNSS(AM)-KKRD(FM) and KTXQ(FM) Fort Worth/Dallas for Diego; KHOW(AM)-KHIH(FM) Denver and Wichita and KRZZ-FM DerbylWlchlta, WHFS(FM) Annapolis, MdJBaltlmore/ KBCQ-AM-FM Boulder/Denver, Colo.; Kan.; WWKY(AM)-WVEZ(FM) and Washington Value: $80 million Swapper, KATZ(AM)-KMJM(FM) St. Louis and KNJZ­ WTFX(FM) louisville, Ky., and WZZU(FM) KTXO, 'KRRW: Westinghouse Electric Corp.! FM Alton, 1IIJSt. Louis, and WSPD(AM)­ Burlington/Graham/Raleigh and CBS Inc. (Michael H. Jordan, chairman) WVKS(FM) Toldedo and WRVF-FM WDCG(FM) Durham/Raleigh, N.C. Price: Swapper, WHFS: SFX Broadcasting (Robert BeavercreekIToledo, Ohio Price: $152 mil­ $105.25 million Buyer:SFX Broadcasting F.X. Sillerman, executive chairman/53.2% lion (merger) Buyer: Jacor Communications Inc. (Robert F.X. SiJlerman, executive chair­ owner) Broker: Star Media Group Inc. Inc. (Randy Michaels, CEO) Seller: Noble man/53.2% owner) Seller: Prism Radio Los Angeles-market stations KVAR(FM) Broadcast Group Inc. (John Lynch, CEO) Partners LP (Bill Phalen, president) Broker: Riverside, KSZZ(AM) San Bernardino and Broker: Crisler Capital Co. J.P. Morgan KCAL(AM) RedlandslSan Bernardino; KMJX(FM) Conway/Little Rock and Swap involving KISW(FM) Seattle; WDSY­ KRCX(AM) RosevlllelSacramento and KDDK(FM) Jacksonvllle/Little Rock, Ark.; FM and WNRQ(FM) (to be WJJJ) Pitts­ KMYC(AM)-KSXX-FM Marysville/sacra­ WRAW(AM)-WRFY-FM Reading, Pa.; burgh, and KTBZ(FM) Lake mento, calif., and KOTK(AM)-K1NK-FM I' WDIA(AM)-WHRK-FM Memphis; KHEY­ Jackson/Houston, Tex. Value: $105 million Portland, Ore. Price: $80 million Buyer: AM-FM and KPRR(FM) EI Paso, Tex., and Swapper, WDSY-FM, WNRQ(FM): Entertainment EXCL Communications Inc. (Christopher 40% of WKKV(FM) Racine, Wls.lMllwau­ Communications Inc. (Joseph M. Field, pres­ Marks, chairman; Latin Communications kee; LMAs with options to bUy identl70.3% owner) to Secret Communica­ Group Inc., 80% owner) Seller: Embarcadero WQOK(FM) S. Boston, Va.lRaleigh and tions LP (Frank E. Wood, president) Swap- Media Inc. (Luis G. Nogales, chairman)

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: Shockley tems 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, Ken bum &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, for JO/gen- vatSacramento, Calif. Value: $40.25 million (Nicholas D. Trigony, president) r' ~nc., WCSO(FM) Portland and WLPZ(AM) Swapper, KSTE-FM: American Radio System- WCUZ-AM-FM Grand RapIds, Mich., and Westbrook, Maine, and WHOM(FM) Mount I 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 assign I) (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 Broadcasting I 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- frey Broadcasting Cos. (Robert F. Fuller, Jr- WJMZ-FM Anderson/Greenville, S.C. 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 million illion nications LP (Allen Shaw, presidenVowner) WKEE-AM-FM and WHRD(AM) Huntlng- Buyer: Salem Communications Corp. ant) - KJMZ: Parker Communications (John D. (Edward G. Atsinger III, presidenVco-owner) :_ni- ton and WZZW(AM)-WFXN(FM) Mlhon, all 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, ~ Brokers: Media Venture Partners (Vegas 'r:arl Price: $12 million Buyer: Commodore president) Broker: Gary Stevens (seller) I stations); Blackbum & Co. Inc. (Sacramento ia Media Inc. (Bruce A. Friedman, president) stations) Note: Besides acquiring KMJI-KSFM KVIK(FM) Decorah, Iowa, and KQYB(FM) sellers: - WKEE-AM-FM, WZZW(AM), WBVB-FM, from Secret Communications LP, ARS will Spring Grove and KSOF(FM) Caledonia, WIRO(AM): Adventure Communications Inc. get $20 million. In tum, ARS will trade to Minn. Price: $2.814 million Buyer: - WHRO(AM), WFXN(FM), WMlV(FM): Simmons Secret its WORS-FM Detroit and WFLN-FM Marathon Media LLC (Bruce Buzil, 90% Broadcasting Co. (David L. Simmons, owner) seller: Greg Wennesa na, Philadelphia VP/51 % owner) Broker: Media Venture ; WAXO: Swap of WKLB-FM Framingham/Boston Partners WDIF(FM) Marlon and WHMQ(FM) North for WEBR(FM) Washington Value: $34 mil- Baltimore, Ohio, and WKYG(AM)- (Joseph KWLO(AM)-KFMW·FM Waterloo/Cedar lion Swapper, WKlB-FM: Evergreen Media WXKX(FM) Parkersburg, W.Va. Price: At on Rapids, Iowa, and WDEF-AM·FM Chat- ner Corp. (Scott Ginsburg, chairman) Swapper, least $2.782 million ($1.722 million for WOlF; tanooga, Tenn. Price: $11.2 million ($7.7 $1.02 million for WHMO; at least $40,000 for JIlIVen- WEBR-FM: Greater Media Inc. (Peter A. Bor- million for Chattanooga stations; $3.5 million des, chairman/owner) WKYG-WXKX) Buyer: Burbach Broadcasting for Iowa stations) Buyer: Bahakel Communi- Co. (John L. and Suzanne C. Laubach, joint , WIRA(AM)-WCLB(FM) West Palm JO 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 Bulmer, president) WBES-FM Dunbar/Charleston, W.Va. A. lve 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.; (Richard M. Fairbanks, president) - WVSR- WHYS(AM)-WBDY·FM Bluefield and KTTT(AM)-KKOT(FM) Columbus and WBBY(FM) Cedar Bluff, Va., and AM-FM, WBES-FM: Bristol Broadcasting Co. Inc. KMEM(AM)-KNET(FM) Lincoln, Neb., and H1h WKOY(AM) Bluefleld-WKMY(FM) Prince- ,r (W.L. "Pete" Nininger, presidenV89.29% KBRK·AM-FM Brookings and KIJV(AM)- ton, W.Va. Price:$1.795 million Buyer: owner) - WENZ-FM: Clear Channel Communi- KZNC(FM) Huron, S.D. Price: $1 0.2 million cations Inc. (L. Lowry Mays, president) sell- New Adventure Communications Inc. " er, Buyer: Three Eagles Communications Co. er: Ardman Broadcasting Corp. (Myer Feld- (Michael R. Shott, president; Adventure orp.l (Rolland C. Johnson, CEO; Gary Buchanan, man, president) Broker. Blackburn & Co. Communications Inc., 50% owner) sellers: in) president) sellers: - wcco: TKO Broadcast- (seller) - WHYS, WBOV-FM, WBBV: Bluefield Broadcast- ing LLC (Scott Krusinksi, president) - All :>art ing Co. (George F. Barnes Jr., president) % Swap of KRPM(AM)-KCIN-FM Seattle for other stations: Radio One Broadcasting (Ray - WKOV-WKMV: Country Broadcasting Corp. :(;; WRNO-FM, WEZB-FM and WBYU(AM) Lamb, presidenVowner) Brokers: Chapin New Orleans Price: Value: $25 million (Richard T. Judy, president) l(FM) Enterprises, Star Media (sellers) Swapper, KRPM(AM)-KCIN-FM: Heritage Media KDGO(AM)-KWXA(FM) Durango, Colo., and WGBF(AM) Evansvllle, Ind.-WGBF-FM Corp. (James Hoak, chairman) Swapper, and KENN(AM)-KRWN(FM) Farmington, : Henderson, Ky., and KOEL-AM-FM 081- WRNO-FM, WEZB-FM, WBVU(AM): EZ Communi- weln/Cedar Falls, Iowa Price: $9.2 million N.M. Price: $1.72 million Buyer: Roberts Itno! cations Inc. (Alan Box, president) Radio LLC (Robert W. Pittman, chair- aa- Buyer: Connoisseur Inc. (Jeffrey D. War- .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 Kendrick I 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

i' Price: $1.386 million Buyer: Brothers Ran­ KOOL·AM-FM Phoenix Price: $35 million Dodge, chairman) Sellers: - KXOA-AM-FM, dolph H., Robert A. and N. Scott Knight Buyer: Colfax Communiations Inc. KOPT: Brown Broadcasting Co. (Phil Melrose, (sons of seller; each will be 16% owner after (L. Steven Goldstein, president) Seller: Par president) - KOClO-AM-FM: 0&V Equinox XX I sale) seiter: Norman Knight, (54.8% owner Broadcasting Co. (Steve Jacobs, president) Inc. (Dwight Casey, president) Broker: before salel26% owner after sale) Broker: Kalil & Co. Media Venture Partners (Sacramento sta­ WCLY(AM) RalelghlOurham, N.C., and KXEW(AM) South TucsontTucson and tions); W. John Grandy Radio Brokers (Fres­ WLLV(AM) Louisville, Ky. Prlce:$1 million KOHT(FM) Marana PrIce: $2.725 million no stations) Buyer: Mortenson Broadcasting Co. (Jack Buyer: Big Broadcast of Arizona LLC (Arthur KDE8-AM-FM Palm Springs Price: $2 mil­ M. Mortenson, president) Seller: Argie Dale "Art Laboe" Egnoian, president) Seller: Cac­ lion Buyer: Rozene R. Supple seller: tus Broadcasting LP (Frank Lazarus, general Tourtelot Broadcasting Co. (Joseph V. partner) Tourtetot, 72.5% owner) KEZC(AM)-KJOK.FM Yuma Prlce:$1.375 KHJJ(AM)-KGMX(FM) LancasterlPalmdale million Buyer: MonsterMedia LLC (Western Price: $1 ,437,500 Buyer: Point Broadcast­ AIIIbIIma Newspapers Inc., Gordon Keith Lewis, co­ ing Co. (John Q. Hearne, president) Seller: owners) setler: Magnamedia Inc., (Jim Eric-Chandler Communications of Antelope WHMA·AM-FM Stowe, president) Valley Inc. (Tom Miserendino, Robert Ged­ Anniston Price: des, owners) Broker: Media Venture Part­ At least $25.05 ArluI..... million ($15.05 ners KAAB(AM) Batesvllle-KWOZ(FM) Moun· million plus $20 KNRO(AM) Reddlng-KARZ(FM) taln View Price: $1.05 million for stock million for CP for Burney/Redding Pries: $1.2 million Buyer: Buyer:WRD Entertainment Inc. (Preston W. ClassC-1 FM Power Curve Inc. (John C. Power, president) Grace Jr., president) Seller: John Dan facility, $13 mil­ Seller: Merit Broadcasting Corp. (Jeff Martin, Kemp, Daniel E. Thomas, Guy W. Moseley lion for CP for president) Class C-2 FM facility or $10 million for CP for (before sale owned 74.6% of FM, 51% of AM; after sale owns 0% of both) KCEO(AM) Vista/San Dlego-KUPR·FM Class C-3 facility or below) Buyer: Susque­ CarfsbadlSan Diego Price: $32 million KWHN(AM)-KMAG(FM) Fort Smith Price: hanna Radio Corp. (David E. Kennedy, pres­ Buyer: Nationwide Communications Inc. $3.5 million Buyer: GulfStar Communica­ ident) seller: Sapphire Broadcasting Inc. (Steve Berger, president) Seiter: Tri-Cities tions Holdings Inc. (John Cullen, president) (Hoyt J. Goodrich, partner) Broadcasting ltd. c/o Philadelphia Music seller: Ft. Smith FM Inc. (DaVid Baugher, WHOS(AM)·WDRM(FM) Decatur and Works (Ken Gross, president) Brokers: president) Broker: Media Venture Partners WBHP(AM) Huntsville Price: $23 million Gary Stevens & Co. (buyer); Media Venture (merger) Buyer: Osborn Communications CalHomia Partners (seller) Corp. (Frank D. Osborn, president) seller: J. KOGO(AM)-KKLQ-FM, KCBQ(AM) and Mack Bramlett Broker: Stan Raymond & KHIS·AM·FM Bakersfield Price: $2.65 mil­ KIOZ(FM) San Diego Value: $72 million Associates lion Buyer: Hemisphere Broadcasting LLC (Clifford N. Burnstein, Peter D. Mensch, Buyer: Jacor Communications Inc. (Randy WKSJ(AM) PrlchardlMoblie-WKSJ·FM owners) seller: International Church of the Michaels, CEO) Seller: Par Broadcasting Mobile and WMYC(FM) Mobile PrIce: Foursquare Gospel Inc. (James Rogers, Co. (Steve Jacobs, president) Broker: Kalil $11.27 million Buyer: Capitol Broadcasting executive assistant) Broker: Sterling Associ­ &Co. Co. LLC (Kenneth S. Johnson, president) ates seller: Gardner Broadcasting Inc. (Wayne KPOP(AM)·KGB·FM San Diego Price: $50 Gardner, president) Broker: Blackburn & 30.9% of KLOC(AM) ceres and KTDO(FM) million Buyer: Nationwide Communications Co. Columbia, Calif. Price: $1 ,442,448 for stock Inc. (Steve Berger, president) seller: Brown Buyer: Silverado Broadcasting Co. (John A. Broadcasting Co. (Phil Melrose, president) WACT·AM-FM Tuscaloosa Price: $1 mil­ Winkel, president) Seller: Clock Broadcast­ Broker: Gary Stevens & Co. (buyer) lion Buyer: Osborn Communications Corp. ing Co. (Michael Sturtevant, president) (Frank D. Osbom, president) Seller:Taylor KKSJ(AM)-KBAY(FM) San Jose/San Fran­ Communications Corp. (Edward L. Taylor, KNSN(AM) Chico and KHSL·FM Paradise cisco Price: $31.212 million Buyer: Ameri­ chairman) Broker: Media Services Group Price: $1.466 million Buyer: McCoy Broad­ can Radio Systems Corp. (Steven B. Dodge, Inc. casting Co. (Craig W. McCoy, president) chairman) seller: United Broadcasting Co. seller: Alta California Broadcasting Inc. (Andrew MoJasky, president) Broker: Media WTNW(AM)·WFFX(FM) (to be WBHJ) (John C. Power, president) Broker: Exline Venture Partners Tuscaloosa Price: $2.8 million Buyer: H&P Co. Radio LLC (H. Carl Parmer, Cecil Heftel, co­ KIST(AM) Santa Barbara·KMGQ-FM Gole­ owners) Seller: Alabama Universal Corp. SOOIO of KBRG(FM) Fremont, KLOK(AM) ta/Santa Barbara Price: $3.5 million Buyer: (James L. Kirk II, president) San Jose-KLOK·FM Greenfield and Engles Enterprises Inc. (Steven B. Engles, KVRG(AM) Soledad·KVRG·FM seaside president) seller: Channel Islands Broad­ Alaska Price: $15 million Buyer: Latin Communica­ casting Inc. (Michael Micassio, president) tions Group Inc. (Peter Davidson, president) Broker: Media Services Group Inc. (buyer) KHAR(AM)·KBRJ(FM) Anchorage, Seller: Estelle Gonzales-Walgreen 51 % KTMS(AM)·KHTY(FM) Santa Barbara KJNO(AM)·KTKU(FM) Juneau, owner, (and other shareholders) KTKN(AM)·KGTW(FM) Ketchikan and Price: $2 million Buyer: Engles Enterprises KIFW(AM)-KSBZ(FM) Sitka Price: $3.5 mil­ KOQO(AM} Clovis·KOQO-FM Fresno and Inc. (Steven B. Engles, president) Seller: lion (includes $3.3 million assumption of KSRQ(AM) Sacramento Price: Payment of Atmor Properties Inc. (Lee W. Shubert, pres­ debt) Buyer: Steven L. Rhyner Seller: $4.2 million in debts/stock (merger) Buyer: ident) Broker: Exline Co. Media Ltd. (E. Roy Paschal, general partner) Silverado Broadcasting Co. (John A. Winkel, KSRO(AM}·KXFX(FM) Santa Rosa, president/trustee, Winkel Family Trust) Sell· Arizona KLCQ(FM) Healdsburg/Santa Rosa and er: D&V Equinox XX Inc. (Dwight Casey, KMGG(FM) Monte Rio/Santa Rosa Price: KFLG-AM-FM Bullhead City Price: $1.675 president) $8.7 million Buyer: Amaturo Group Ltd. million Buyer: Continental Radio Broadcast­ KOQO(AM) Clovis/Fresno·KOQO·FM (Joseph C. Amaturo, general partner) sell· ing LLC (David F. Peschau, president) seil­ Fresno and KXOA-AM-FM and KQPT(FM} ers: - KLCO, KSRO-KXFX: Fuller-Jeffrey Broad­ er: Guyann Corp. (Guy Christian, owner) Sacramento Price: $56 million Buyer: casting Cos. Inc. (Robert F. "Doc" Fuller, Broker: Rowan Media Brokers American Radio Systems Corp. (Steven B. president) - KMGG: Pacific Radio Santa Rosa 32 J February 3 1997 Broadcasting & Cable ~PECIAL KEPUK1.

WPBH(FM) Port St. Joe/Panama City;, , Corp. (Rick Dames, president) Broker: FIotIdII Exline Co. WTKX·FM and WOWW-FM Pensacola, ~se. WSWN(AM)-WBGF(FM) Belle Glade and and WSNI(FM) Thomasville, Ga.fTaliahas­ ,xXX KTRO(AM) Port Hueneme-KCAQ(FM) WCTH(FM) Plantation Key PrIce: $2 million see, WNlS(AM)-WTNT(FM) Ta~lahassee, r' OxnardNentura PrIce: $3.65 million Buyer: 001 Broadcasting LP (David P. Lam­ WTPS(FM) and WXSR(FM) QumcyfTalla­ 1­ Buyer: Gold Coast Broadcasting Co. (John pel, principal) SeIItN: Seminole Broadcasting hassee Price: $43.3 million Buyer: Paxson 'res- Hearne, Carl Goldman, principals) Seller: Inc./Sounds of ServIce Radio Inc. (Marie B. Communications Corp. (Lowell W. "Bud" Rivers, principal) Broker: Hadden & Associ­ Alta Subordinated Debt Partners LP Broker: Paxson, chairman) Seifers:. WDIZ: Sham­ t? mil- Media Venture Partners ates rock Communications Inc. (Edward J. Lynett KVEN(AM)-KHAY(FM) OxnardNentura WMYM(AM)-WLRQ-FM Cocoa, Jr., George V. Lynett, William R. Lynett, Price: $12.7 million Buyer: McDonald WMMB(AM)-WGGD-FM Melbourne and Cecelia Lynett Haggerty, owners) - All other Investment Co. Inc. (William W. McDonald, WHKR(FM) Rockledge Price: $9.3 million stations: Southern Broadcasting Cos. Inc. "",dale chairman)lBengal Pacific Communications ($3.5 million for WMYM-WLRO-FM; $1.8 million (Paul C. Stone, president) Broker: Media : ISt- (Joseph D. Schwartz, president) Seller: for WMYM-WLRQ-FM; $4 million for WHKR) Venture Partners i 'er: KVEN Broadcasting Corp. (Robert L. Fox, Buyer: Capstar Broadcasting Partners LP WGNE(AM)-WFSY(FM) Panama City and te10pe David Loa, principals) Broker: Media Ven­ (R. Steven Hicks, president) Sellers: WEBZ(FM) Mexico BeachlPanama City Ged- ture Partners (seller) • WMYM-WLRQ-FM: EZY Com Inc. (Tanya Price: $2.907 million Buyer: Paxson Com­ rt- KXSP(AM) Ventura-KTND(FM) OjaINentu­ Klepper, president) • WMMB-WOOD-FM: City munications Corp. (Lowell W. "Bud" Paxson, ra and KBBY(FM) Ventura Price: $8.6 mil­ Broadcasting Co. Inc. (David P. Franco, chairman) Seller: B. Radio Inc. and Boss president) • WHKR: Roper Broadcasting Inc. lion ($6.6 million for for KBBV; $2 million for Radio Group Inc. (Timothy O'Brien, presi­ (Robert T. and Gwendolyn G. Roland, princi­ AM-FM) Buyer: KXSP-KTNO: Gold Coast dent) Broker: Media services Group Inc. Buyer: pals) "lent) Broadcasting Co. (John Hearne, Carl Gold­ (buyer) WNDB(AM) Daytona Beach-WTSM(FM) artin, man, principals) Seller: Buena Ventura Inc. WSPB(AM)-WSRZ-FM Sarasota and CP Onnond-by-the-Sea PrIce: $3.6 million (Kathy Duncan, president) Broker: Media for WYNF(FM) Coral CovelSarasota Price: Buyer: Crow Broadcasting Inc. (J. Venture Partners (seller) Black $12.5 million plus assumption of contracts FM Michael Linn, presidentfjOint owner with KVVQ(AM) Hesperla-KVVQ-FM Victorville Buyer: Jacor Communications Inc. (Randy Nicole Linn) Seller: Root Communications ! PrIce: $1 million Buyer: Power Surge Inc. Michaels, CEO) Seller: New Wave Commu­ Ltd. (James L. Devis, president) ~"..as (John C. Power, president) Seller: William nications LP (John Ferrari, president; D&F Jsic R. Rice (receiver) WNOG(AM)-WARO(FM) and WNOG-FM Broadcasting Inc., general partner) Broicers: r!:' NapleslFort Myers Price: $9.25 million Jorgenson Broadcast Brokerage (buyer); ture Colorado Buyer: Meridian Broadcasting Inc. (Joseph Blackburn & Co. (seller) C. Schwartzel, president) Seller: Palmer KKLI(FM) Widefield/Colorado Springs WNLS(AM)-WTNT-FM Tallahassee Price: Communications Inc. (Joseph Lentz, presi­ and Price: $3.8 million Buyer: Citadel Broad­ $3.5 million Buyer: WTNT Inc. (R. Sanders dent) lion casting Co. (Lawrence R. Wilson, president) Hickey, president) Seifer: Park Communica­ 1dy Seller: Tippie Communications (Henry B. WOLZ(FM) Fort Myers and WKII(AM)­ tions Inc. (Wright M. Thomas, president) Tippie, president) 9 WFSN(FM) Port Charlotte/Fort Myers Broker: Media Venture Partners Price: $11 million Buyer: Clear Channel nf

'. & Cable Broadcasting & Cable February 3 1997 • 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 City Inc. (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. Kansas E.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 for BrunswicklSavannah and WFGA-FM and million Buyer: Zimmer Broadcasting KDGB(FM) Dodge City, KZLS(FM) Great WBGA(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) Oberlin munications 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 Empire Sr., 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- Kerrtucky dent) Broker: Media Sar- field and WCV5-FM Vir- vices Group Inc. den Price: $7 million WLAP(AM)-WMXL(FM) lexington and WWVe-FM Winchester Price: $14 million WLET-AM-FM Toccoa Buyer: Patterson Broad- Price: $2.2 million casting Inc. (James Wes- plus assumption of obligations Buyer: Jacor Buyer: Southern Broad- ley Jr., president) seller: Communications Inc. (Randy Michaels, casting Cos. of Pensacola Neuhoff Broadcasting CEO) Seller: Trumper Communications Inc. Inc. (Paul C. Stone, presi- Corp. (Geoffrey H. (Jeffrey E. Trumper, president) dent) seller: Sonic Neuhoff, president) Bra- WTKT(AM)-WXZZ(FM) Georgetown/Lex­ Broadcasting Inc. ker: Blackburn & Co. ington and WKQQ(FM) Lexington Price: (Eugene J. Mark Jr., pres­ $24 million Buyer:Jacor Communications ident) Indiana Inc. (Randy Michaels, CEO) seller: Village WJOB(AM) Hammond­ Communications Inc. (James A. Heavner, Hawaii WZVN(FM) Merrillville president) Broker: Media Venture Partners KIKI-AM-FM and Price: $5.3 million WHKW(AM) Louisville and intellectual KHVH(AM)-KKLV-FM Buyer: M&M Broadcast­ rights to WHKW·FM Louisville Price: $1 Honolulu Price: $9.1 mil· ing Inc. (Thomas McDer­ million Buyer: Clear Channel Communica­ lion Buyer: Patterson mott, president) Seller: tions Inc. (L. Lowry Mays, president) seller: Broadcasting Inc. (James Julian Colby (chairman) Regent Communications Inc. (Terry S. W. Wesley Jr., president) Broker: George Jenni­ Jacobs, president) seller: Henry Broadcast­ son ing Co. (Charlton H. WWKY(AM)-WVEZ(FM) and WTFX(FM) Buckley, president) Bro­ Iowa Louisville Price: $19.5 million Buyers:­ ker: Media Venture Part­ KBUR(AM)-KGRS(FM) WTFX, "-IfflKY: Clear Channel Communications ners BUrlington Price: Inc. (L. Lowry Mays, president) - WVEZ : Regent Communications Inc. (Terry S. KQMQ-AM-FM HonolUlu $1,560,725 (mostly for Price: $4 million Buyer: stock) Buyer: John M. Jacobs, president) seller: SFX Broadcasting Caribou Communications Weir seller: James M. Inc. (Robert F.X. Sillerman, executive chair­ Co. (J. Kent Nichols, and Mary J. Livengood man) president) seller: Desert (joint tenants/58.84% WNBS(AM) and WSJP(AM)-WBLN-FM Mur­ Communications II Inc. (Matthew M. Breyne, owners) ray Price: $2.8 million Buyer: WRUS Inc. president; FINOVA Group Inc., ultimate par­ WMT-AM-FM Cedar Rapids and (William McGinnis, president) seller: Samuel ent) WHO(AM)-KLYF(FM) Des Moines Price: Parker Broker: Media Venture Partners KMVI-AM-FM Wailuku/Pukalani, Maui $52.5 million cash Buyer:Jacor Communi­ WVJS(AM) and WSTO(FM) Owensboro Price: $1.25 million Buyer: C&C Radio cations Inc. (Randy Michaels, CEO) seller: Price: At least $7 million Buyer: Brill Media License Co. (co-owners Cortland J. Dahl, Palmer Broadcasting LP (Joseph Lentz, Co. Inc. (Alan Brill, president) Seller: Christopher T. Dahl Jr.) seller: Obie Broad­ president) Brokers: Kalil &Co. (buyer); Owensboro On the Air Inc. (Leonard and casting of Maui Inc. (Brian B. Obie, presi­ Salomon Bros. (seller) Claire Tow, owners) Brokers: Patrick Com­ dent) KWSL(AM).KGLI(FM) Sioux City Price: munications Corp. (buyer); Edwin Tornberg Idaho $2.1 million plus option to purchase up to & Co. (seller) 25% of stock and assumption of liabilities WPAD(AM)-WDDJ(FM) Paducah Price: KGEM(AM)-KJOT(FM) Boise and Buyer: Chesterman Communications Sioux $2.9 million Buyer: Bristol Broadcasting Co. KQXR(FM) Payette/Boise Price: $5.1 mil­ City Inc. (Cy W. Chesterman, president) Inc. (W.L. Nininger, president) Seller: Robert lion Buyer: American General Media (Antho- seller: Cardinal Communications Inc. (John Lee Hagan J 34 February 3 1997 Broadcasting & cable ~ftGIAL Htl'UHI •

Broadcast Inc. (Robert G. Liggett Jr., chair­ Seller: Chickering Associates Lou'.... Inc. (John E. Chickering, president) WKJN-FM HammondlBaton Rouge and man; R.G. Liggett Jr. Trust, owner) Seller: W1BR(AM) Baton Rouge PrIce: More than Jencom Broadcasting Inc. (James A. WOOD-AM-FM and WBCT·FM Grand $6 million for stock (merger) Buyer: Citywide Jensen, president) Broker: Blackburn &Co. Rapids Price: $42.25 million cash Buyer: Communications Inc. (Peter Moncrieffe, WVFN(AM)-WVIc-FM East lansing/lans­ Clear Channel Communications Inc. (L. president) seller: Southem Communications ing Price: $2 million Buyer: Jencom Broad­ Lowry Mays, president) Seller: WOOD Radio LP (Bruce H. Holberg, presidenVgeneral part­ Inc. (Don Nelson, president) Broker: Klein casting Inc. (James A. Jensen, president) ner) Broker: Kalil & Co. Ainsworth & Co. seller: MSP Communications Inc. (Jackson KACY(AM)-KSMB(FM) Lafayette Price: Smart, chairman) Broker: Blackburn &Co. WCCW-AM-FM Traverse City Price: $2.2 $4.4 million Buyer: Powell Group Inc. million Buyer: Midwestern Broadcasting Co. WKLA-AM-FM Ludington, WMTE(AM) (Nanette N. Kelley, president) seller: Media (Ross A. Biederman, president) Seller: Fabi­ Properties (Rish Wood, president) Broker: Manistee and WKZC(FM) Scottville Price: ano-Strickler Communications Inc. (James Questcom Media Brokerage Inc. $1,130,068 Buyer: Lake Michigan Broad­ C. Fabiano, president) casting Inc. (Roger K. Baerwolf, president) KVOl(AM) Lafayette-KVOL-FM Opelousas 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, son Danny Johnson, owners) Broker: Sunbelt for the Communications In Media Inc. KWKH-AM-FM Shreveport Price: $4.05 million Buyer: Progressive United Corp. FINOVA. It stands for financial innovators- (William R. Fry, president) seller: Great Empire Broadcasting Inc. (Michael C. Oat­

man, principal) ~~vators who deliver unique financillJ:l :>UlI,uUI/lj Maine " \ , . WPOR-AM-FM Portland Price: $1 0 million ~'o adyerti~ing Buyer: Saga Communications Inc. (Edward , the needs of your K. Christian, president) seller: OCean Coast Properties (Phil Corper, president) Broker: \, Gary Stevens &Co. iipported business. With $8 billion in l MlI8ffIIChusetts WWTM(AM)-WAAF(FM) Worcester/Boston Price: $24.8 million Buyer: American Radio Systems Corp. J (Steven B. Dodge, chairman) seller: lapis t Communications (Xenophon Zapis, presi­ I dent) Broker: Star Media Group (seller) • Mlchlg.n • WYTZ(FM) Bridgman, WCSY-AM-FM • South Haven and CP for WZTY(FM) Hart­ I ford PrIce: $3.088 million Buyer: WSJM • Inc., (William R. Walker, secretary) Sellers: -WCSY-AM-FM: CoSY Broadcasting Inc. (Don­ •I 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 million Buyer: Rylinds ltd. (Mary Reynolds, presi­ denVjoint owner with husband, Del Reynolds) Seller: - Combo: Mighty-Mac Broadcasting Co. - WCKC-FM: Four Seasons Broadcasting Co WDFN(AM)-WWWW-FM Detroit Price: $30 million Buyer: Evergreen Media Corp. (Scott Ginsburg, chairman) Seller: Chancellor Broadcasting Co. (Steve Dinetz, president) Broker: Star Media Group Inc. WVFN(AM)-WVIC-FM East Lansing Price: $2.2 million cash (merger) Buyer: Liggett

Broadcasting & Cable February 3 1997 35 • ~lAnUN&CAtlLb lKAUlNU

M'IIfHMOfa Group (Jerome R. Zimmer, president) Bra- KRZY(AM)·KRST(FM) Albuquerque and ker: Media Services Group Inc. (seller) KOLT(FM) Santa Fe Price: $23 million KASM-AM·FM Albany Price: $1.25 million Buyer: Citadel Broadcasting Co. (Lawrence Buyer: 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 Media KLlZ·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 d KKWS(FM) Wadena and KNSP(AM) Sta· KBOZ-KATH and KPKX; KBKO valued at SS( •- uquerque an n..tce.·$4.1 m,'IIIO'n Buyer.' Robert M. B . Co KLSK(FM) Santa Fe/Albuquerque PrIce: pIes "HI $750,000) Buyer: Reier roadcastlng. $8 '11' B TC. +; 'ler.·lngstad Broadcastl'ng lie ml Ion uyer: rumper ommunlca"ons Kommerstad Se" (William R. Reier, president) Se r: I (J ff ET 'd t) selle Inc. (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: $3.9 neapollslSt. 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 a er, pres,'dent) Par1< Communica- I J ff MS ith and KDAG(FM) Farmington Price: $5.25 Berg Se/"--.'... keting & Communications nco (e . m I' G ItS C .. I tions Inc. (Wright M. Thomas, president) mil Ion Buyer: u tar ommunlcations nco Brokers: Media Venture Partners; Gary Jr., principal) (John D. Cullen, president; Hicks, Muse, Stevens & Co. NebnIsIca Tate & Furst, owner) seller:J. Thomas KVOX.AM-FM Moorhead Price: $3.3 mil- KFOR(AM)-KFRX(FM) Uncoln Price: $5.3 Development of N.M. Inc.lRadio Properties lion 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.....y MlsalsslppI (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 Partners Jackson 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 (John Communiations (Bruce R. Spector, Joseph nd UI Neb ) 8 T' thlo Broad L Mathl'as IV general partners) sel"er' a nco n, . uyer: na n - Ferrari, president; D&F Broadcasting Inc., ., ". casting.Co. (Norman Feuer, president) sel",- general partner) Broker: Blackburn & Co. Chrysler Capital Corp. (Thomas J. Allen, VP) A' R d' S Co (S " G St & C( II ) er: mencan a 10 ystems rp. teven WNNJ.AM.FM Newton n.J .· $4.5 ml'lll'on Broller: ary evens o. se er B. Dodge, president) Broker: Media Venture ,..",ce WZRX(AM)-WSTZ.FM JacksonNlcksburg Partners (seller) cash Buyer: Nassau Broadcasting Partners Price: $3.5 million Buyer: Multi-Mar1Nevada partner) Seller: Group M Communications II Seller: Lewis Broadcasting Corp. (J.C. Lewis KXNO(AM) North Las Vegas-KLUc-FM Inc. (Michael B. Levine, president) Broker: Ford, principal) Las Vegas Price: $11 million Buyer: Ameri- Serafin Bros, Inc.; Hickman Associates Missouri can Radio Systems Corp. (Steven B. Dodge, WTIM(AM)-WCHR(FM) Trenton Price: $20 chairman) seller: Nationwide Communica- million Buyer: Nassau Broadcasting Part- KGIR(AM) Cape Glrardeau·KCGQ-FM tions Inc. (Steve Berger, president) Broker: ners LP (Louis F. Mercatanti Jr., presi- Gordonville/Cape Girardeau Price: $1.35 Media Venture Partners dent/33.4% owner; Spectrum EqUity million Buyer: Zimmer Broadcasting KPLY(AM)-KQNV(FM) Spar:kslReno and Investors LP, 5017% owner) seller: Great (Jerome R. Zimmer, president) Seller: Tar­ KZAK.FM Incline VlllagelReno Price: $1.9 SCott Broadcasting (Faye Scott, president) get Media Inc. (Thomas P. Stine, president) million cash Buyer: Americom (Tom Quinn, Broker: Americom Broker: Media Services Group Inc. general partner) Seller: New World Enter- New York KFSB(AM) Joplin and KIXQ(FM) and prises Inc. (Duane Hoover, president) Bro- KXDG(FM) Webb City Price: $3.25 million ker: Media Services Group Inc. WQBK·AM-FM Rensslaer/Albany and Buyer: Big Mack Broadcasting Inc. (Jim von WQBJ(FM) Cobleskill/Albany, N.Y. Price: Gremp, president) Seller: West Group Broad­ New Mexico $7.5 million Buyer: Radio Enterprises Inc. casting Ltd. (Richard M. Reider, principal) KDZZ(AM)-KTEG(FM) and KHTZ(FM) (Clear Channel Communications Inc., majori­ KCAZ(AM) Mission, Kan.lKansas City and Albuquerque Price: $7.4 million Buyer: ty owner; minority owners David Arcara, KXTR(FM) Kansas City PrIce: $10.5 million Trumper Communications II LP (Jeffrey E. president, and James Arcara, chairman) (inclUdes monthly business magazine) Trumper, president) Seller: Bengal Commu­ Seller: Maximum Media Inc. (Joe Weiss, Buyer: Heritage Media Corp. (James Hoak, nications of N.M. Ltd. Co. (Eric Seltzer, prin­ president) Broker: Blackburn & Co. chairman; Paul W. Fiddick, president, Radio cipal) WHTT·AM·FM and WSJZ-FM Buffalo Group) Seller: Ingram Media LLC (Robert P. KHFN(AM)-KHFM(FM) Albuquerque Price: $32 million Buyers: - WHTT-AM-FM: Ingram, chairman) Price: $5.725 million Buyer: Citadel Broad­ Mercury Radio Communications (Charles W. KFNS(AM) Wood River, III.1St. louis­ casting Co. (Lawrence R. Wilson, president) Banta, president) - WSJZ-FM: American Radio KEZK·FM St. Louis Price: $48 million Seller: Peter Besheer, F. Michael Langner Systems Corp. (Steven B. Dodge, chairman) Buyer: EZ Communications Inc. (Alan Box, 80% of KIVA(AM) Corrales/Albuquerque, Seller: Evergreen Media Corp. (Scott K. president) Seller: Par Broadcasting Co. KZKL·FM Rio Rancho/Albuquerque, Ginsburg, chairman) Broker: Star Media (Steve Jacobs, president) Broker: Kalil & KRLl(AM)-KZRQ(FM) Santa Fe and KIOT­ Group Inc, Co. FM Los Lunas/Simmons Price: $5 million WTKO(AM)-WQNY(FM) Ithaca Price: $2.1 WKBQ(AM) St. Louis, WLBQ-FM Jer­ (merger of buyer and seller to form Simmons­ million Buyer: Eagle II Broadcasting Corp. seyville, III.1St. Louis and WKKX-FM Gran­ New Mexico) Buyer: Simmons Family Inc. (Kenneth Cowan, president) Seller: Gilmore ite City, 111./51. Louis Price: $42.5 million (Craig Hanson, executive VP) Seller: Territo­ Communications Inc. (James Gilmore III, Buyer: Emmis Broadcasting Corp. (Jeffrey rial Communications (Martin Balk, president) president/general manager) Broker: Black­ Smulyan, president) Seller: Zimmer Radio Broker: Media Services Group Inc. burn & Co,

36 February 3 1997 Broadcasting & cable I ~l't~IAL Ktl'UKI •

WNYC-AM-FM New Yolic: PrIce:$20 million (Wright M. Thomas, president) Broker: Rees Poag Buyer: WNYC Foundation (Laura Walker, Media Venture Partners WEWO(AM)-WAZZ(FM) Laurinburg Price: president) Seller: City of New York WUTQ(AM)-WOUR(FM) UtIca PrIce: $1.5 $4.2 million Buyer: Beasley Broadcast WLNA(AM)-WHUD(FM) PeeIalIdIl PrIce: mimon Buyer: Dame Media Consultants Inc. Group (George G. Beasley; president) Sell- $20 million Buyer: Albany Broadcasting Co. (J. Albert Dame, president/83% owner) Sell- er: Carolina Media Group (Donald W. Curtis, Inc. (James J. Morrell, president) Seller: er: Benclat Communications and Broadcast- principal) Radio Terrace of Albany Inc. (Gary B. ing Inc. (Paul N. Benclat, 50% owner) Bro- WSlC(AM)-WFMX(FM) Statesville/Hickoryl Pease, president) ker: Biernacki Brokerage salisbury PrIce: $9.6 million Buyer: Bench- WKlp(AM)-WRNQ(FM) and LMA with WNCQ(AM)-WCIZ(FM) Watertown, N.Y., mark Radio Acquisition Fund VIII LP (Bruce WNSX·FM Poughkeepsie PrIce: $3.475 and LMA with WKGG(FM) Cape Vincent R. Spector, Joseph L. Mathias IV, general million Buyer: Straus Media Group (Eric PrIce: $2.8 million Buyer: Forever Broad- partners) seller: Adventure Communications Straus, president) Seller: Dutchess Commu­ casting Inc. (Kristen Cantrell, presidenVGM, Inc. (Michael Shott, presidenV85% owner) nicationsIWKIP Broadcasting Corp. (Richard WTSH(AM) Rome, Ga.) SslIer:Watertown Broker: Michael Bergner Radio Associates (Jeffrey Shapiro, William D. Novik, president) Broker: B1ackbum & North Dakota Co. Goddard, Bruce Danzinger, principals) Bro­ ker: Richard A. Foreman Associates Inc. KQFN(AM) West FargolFargo-KQWB·FM WHAM(AM)-WVOR-FM, WPXY·FM and Moorhead, MlnnJFargo Price: $2 million WHTK(AM) Rochester PrIce: $30.5 million NorIh Carolina Buyer: Ingstad Broadcasting Inc. (James D. Buyer: American Radio Systems Corp. WZFX(FM) WhltevllleJFayettevllle and Ingstad, president) Seller: Brill Media Co. (Steven B. Dodge, chairman) Seller: Uncoln WYRU(AM) Red Spring&IFayettevllJe. Inc. (Alan R. Brill, president) Broker: Black­ Group lP (Albert "Bud" Wertheimer, presi­ WLRD(FM) St. PaulsJFayettevllle PrIce: bum &Co. dent) $8.2 million ($7 million for W1FX; $1.2 million KNOX-AM-FM Grand Foric:s Price: $1.1 WRNY(AM)-WSKS(FM) Rome and for WVRU-WLRO) Buyer: Sound communica­ million Buyer: Leighton Enterprises Inc. WADR(AM)-WUUU(FM) Remsen PrIce: tions LLC (Richard H. Churchill Jr., manag­ (Alver Leighton, president/86.5% owner) $1.5 million Buyer: Dame Media Consul­ erl99% owner) Sellers: - WZFX: Joyner Com­ Seller: Radio Grand Forks Associates Ltd. tants Inc. (J. Albert Dame, presidenV83% munications Inc. (David Weil, president) (Henry Slane, president) owner) seller: Norma Eilenberg Broker: - WYRU-WLRO: Lumbee Regional Develop­ Biemacki Brokerage ment Association Inc. (Adolph Blue, chair­ 01110 WHEN-AM-FM Syracuse Price: $4.5 million man) Broker: Whittle Agency (sellers) WHLO(AM) Akron·WTOF-FM canton Buyer: Cox Broadcasting Inc. (Nicholas D. WQMG-AM-FM Greensboro PrIce: $6.9 PrIce: $8 million Buyer: Salem Communica­ Trigony, president; Robert F. Neil, executive million Buyer: Max Media Properties LLC tions Corp. (Edward G. Atsinger III, presi­ VP/radio) seller: Pari< Communications Inc. (John A. Trinder, president) Seller: Morgan denV50% owner) Seller: Mortenson Braod-

GAl\t1l\t1C):N TELEVISION/RADIO BROKERS

James A. Gammon Christopher D. Miller President Vice President ;- 7th Floor, 8280 Greensboro Drive 2951 Four Wheel Drive McLean, VA 22102 lawrence, KS 66047 703-761-5020 913-749-7303 Facsimile 703-761-5022 Facsimile 913-749-3377

J The communications Gammon Media Brokers, Inc. A 10 industry is changing and with each firm dedicated to serving clients 1) change it grows more complex. Each with expertise, professionalism and day the headlines seem filled with news integrity. Investigate the highly profitable of mergers and mega-mergers, buyouts and difference Gammon Media Brokers can make acquisitions. And the ever-growing confusion on your next transaction. associated with FCC deregulation adds complications to the industry's future.

: ,18 Broadcasting & Cable February 3 1997 37 • :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. Guild Holdings Inc. (David E Mehling, president) KWJJ-AM-FM Portland PrIce: $35 million Seller: 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 Associates II Inc. (James Embrescia, president) Broker: Pennsylvania Blackburn & Co. WRIE(AM)-WXKC(FM) WIOT(AM)-WIOT·FM Tole­ erie Price: $3.25 million South Dakota do Price: $13 million plus Buyer: Media One KWSN(AM)-KRRO{FM) Sioux Falls Price: assumption of liabilities Group Erie LLC (James $3 million Buyer: Midcontinent Media Inc. Buyer:Jacor Communica­ T. Embrescia, managing (N.L. Bentson, chairmanl58.2"J., owner) tions Inc. (Randy Michaels, member/51 % owner) Sellers: BCR Corp. (Dan Young, 29.6% CEO) Seller: Enterprise Seller: Atmor Properties owner; John W. Biddinger, 17% owner) Media Partners (Edward Inc. (Lee W. Shubert, Rogoff, president) Bro­ president) Broker: TBlJlJessee kers: Jorgenson Broadcast Americom Radio Bro­ WHUB·AM-FM Cookeville Price: $3.8 mil­ Brokerage (buyer); Black­ kers Inc. (seller) lion Buyer: Paxson Communications Corp. burn & Co. (seller) WCMB(AM}-WYMJ(FM) (Lowell W. "Bud" Paxson, chairman) Seller: WSOM(AM)·WQXK(FM) and WWKL(FM) Harris­ WHUB Inc. (M.L. Medley, president) Broker: salem!Youngstown burg PrIce: $11 million Media Services Group Inc. Price: $13.5 million Buyer: Dame Media KWAM(AM)-KJMS(FM) Memphis Price: Buyer: Connoisseur fnc. Consultants Inc. (J. $12.5 million Buyer: US Radio Inc. (Ragan (Jeffrey D. Warshaw, pres­ Albert Dame, presi­ A. Henry, chairmanl5O.9% owner) Seller: ident) Seller: Lincoln dent/83% owner) Sell· ED. Rivers Group (Marie B. Rivers, presi­ Group LP (Albert "Bud" er: Albert J. Kaneb Sro­ dent) Broker: Crisler Co. Wertheimer, president) ker: BIA Capital (buyer) Texas Oklahoma WAZL(AM)-WXMT(FM) Hazelton Price: $3.5 KFON(AM) Austin-KEYI-FM san KGTO{AM)-KRAV-FM million Buyer: Tele­ Marcos/Austin Price: $3,166,556 Buyer: Tulsa Price: $5.5 million Media Broadcasting Co. Clear Channel Communications Inc. (L. Buyer: Cox Broadcasting (Robert E. Tudek, presi­ Lowry Mays, president) Seller: Mercury Inc. (Nicholas D. Trigony, dentl50% owner) Seil­ Broadcasting Co. Inc. (Van Henry Archer III, president) Seller: Kravis er:4M Broadcasting Inc. president) Co. (George R. Kravis II, (Robert Moisey, presi­ KDAE(AM) SintOn/Corpus Christl- president) Broker: Star dent) Media Group Inc. KLTG(FM) Corpus Christl Price: $1.575 WLAN-AM-FM lan­ million Buyer: Broadcasting Corp. of the caster Price: $7 million Buyer: Clear Chan­ Southwest (William D. York III, presi­ Oregon nel Communications Inc. (L. Lowry Mays, dent/5.6% owner) Seller: Stereo Broadcast­ KCMX-AM-FM Ashland and KTMT·AM·FM president) Seller: Peoples Broadcasting Co. ing Corp. (Stephen A. Dewalt, president) Medford/Phoenix Price: $2 million Buyer: (Samuel Altdoerffer IV, president) Broker: Gordon P. Moul & Associates KRYS-AM·FM and KMXR(FM) Corpus Deschutes River Broadcasting Inc. (co-own­ Christl Price: $6 million Buyer: GulfStar ers John W. Dixon, president; Jon Von WARM(AM) Scranton-WMGS(FM) Wilkes­ Communications Inc. (R. Steven Hicks, Schlegell, secretaryttreasurer) Sellers: Barre; LMAs for WBHT-FM Mountain 98.5% owner) Seller: Ranger Broadcasting - KTMT: Sierra Cascade Communications Inc. TopIWilkes-Barre and WKQV-FM Co. (Richard M. Hull, president) Broker: (Karen Johnson, assistant secretary) - KCMX: OlyphantIWilkes-Barre; JSA for John Barger (buyer); Dick Chapin (seller) Rogue Valley Broadcasting Inc. (Karen WKQV(AM) Pittston/Scranton Price: $11 Johnson, president) million Buyer: Tele-Media Broadcasting Co. Swap of KRLD(AM) Dallas/Fort Worth and (Robert E. Tudek, presidentl50% owner) Texas State Network for KKRW·FM Hous­ KLRF(FM) Brownsville and KUGN-AM-FM ton Value: $70 million Swapper, KRLD-AM, Eugene Price: $7.1 million (merger) Buyer: Seller: Susquehanna Radio Corp. (David E Kennedy, president) state network: SFX Broadcasting Inc. DeSChutes River Broadcasting Inc. (Edward (Robert F.X. Sillerman, executive chair­ T. Hardy, presidentl11 % owner; Endeavour WPIC(AM)-WVFM(FM) Sharon Price: man/53.2% owner Swapper, KKRW-FM: CBS Capital Funds LP, 86% owner) Sellers: $5.885 million Buyer: Connoisseur Inc. (Jef­ Radio (Dan Mason, president) Broker: Star Combined Communications Inc.lC&C Broad­ frey D. Warshaw, president) Seller: Wicks Media Group Inc. casting (Charles V. Chackel, Kathryn Chacko Broadcast Group LP (WBG Management el, 65% owners) Inc., general partner [Edgar R. Berner, presi­ KRVA(AM) Cockrell HiIIlDallas-KRVA-FM dentl41 .7% owner]) McKinney/Dallas and KXEB(AM) Shennan KDUK(AM) Eugene-KDUK-FM Price: $5,468,680 (merger) Buyer: KRVA Florence/Eugene Price: $2.5 million 40% of WHTG(AM)-WAVZ(FM) Waynes­ Broadcasting Inc. (51% owner: Z Spanish Buyer: McCoy Broadcasting Co. (Craig W. boro Price: $1 ,068,699 Buyer: John Ver Radio Network Inc. [Amador S. Bustos, pres­ McCoy, presidentl43.7% owner) Seller: Standig, Eileen Gail Lehrer, Brian Madden, ident/72.15% joint owner with wife/secretary Quack Radio Corp. (Richard Dames, P. trustees, Ver Standig 1996 Children's Trusts Rosalie L.]; 49% owner: EI Dorado Commu­ Stephen Bunyard, principals) Seller: Helen Ver Standig nications Inc. [Thomas H. Castro, presi­ KZEL-FM Eugene, KNRQ-FM Creswell South Carolina dentl45% owner]) Seller: Radio Plano Inc. and KNRQ(AM) Springfield Price: $5 mil­ uoint owners Alexander A. Rodriguez and lion Buyer: McDonald Investment Co. WXTC-AM-FM Charleston and WSSP-FM Elesha Rodriguez 1991 Trusts, Irving, Tex.

38 February 3 1997 Broadcasting & cable [Antonio B. Rodriguez, trustee)) KROD(AM)-KLAQ(FM) and KSlI(FM) EI Paso Price:$8.25 million Buyer: Ferrari Broadcasting Inc. (Jon Ferrari, chair­ man/350/0 owner/president of seller) Seller: New Wave Communications LP (Jon Ferrari, president; D&F Broadcasting Inc., general partner) KNUZ(AM)-KQUE(FM) Houston Price: $39.5 million Buyer: Multi-Market Radio Inc. (Michael G. Ferrell, presidentl2.28% owner) Seller: Texas Coast Broadcasters Inc. (DaVid H. Morris, president) KCRS-AM-fM Midland Price: $1 ,004,400 Buyer: Parker Humes Broadcasting Co. (Parker M. Humes, owner) Seller: Midland Broadcasting Co. (Wendell Mayes Jr., 77.5% owner) KWTX·AM-fM Waco Price: $3.8 million Buyer: GUlfstar Communications Inc. (John Cullen, president) Seller: KWTX Broadcast­ ing Co. (Thomas G. Pears, president) WACQ-AM-FM Waco Price: $3.5 million Buyer: Sonance Communications Inc. (William R. Hicks, presidentl80% owner) Seller: SBG Communications Corp. (Gerald Poch, principal) Vlrllhtla Wlsc:on.n WTAR(AM)-WLTY-FM Norfolk and WATK(AM)-WRLQ-FM Antigo Price: WKOC(FM) ChesapeakeINorfolk Price: $1.467 million Buyer: Marathon Media II $14.6 million Buyers: - WTAR, WKOC-FM: Sin­ clair Communications, (John Sinclair, presi­ dent) - WLTY-FM: Susquehanna Radio Corp. (Louis J. Appel Jr., chairman) Seller: Bench­ mark Radio Acquisition Fund VIII LP (Bruce R. Spector, Joseph L. Mathias IV, general partners) Broker: Americom Radio Brokers -----1IIlI'fIII Inc. (WLTY-FM) ...... - ...... ---*...... JosephL. Mathias and Bruce R. Spector WFOG(AM) ChesapeakeINorfolk-WFOG­ FM SuffolkINorfolk and WPTE-FM Virginia of BeachlNorfolk Price: $15.135 million Benchmark Communications, L.P. Buyer: Max Media Properties LLC (John A. have agreed to transfer Trinder, president/COO) Seller: Sunshine Wireless Co. (Dan N. Cohen, president) Broker: Blackburn & Co. WTVR-AM·FM Richmond Price: $18 million 32 Radio Stations Buyer: Clear Channel Communications Inc. for (L. Lowry Mays, president) Seller: Park Communications Inc. (Wright M. Thomas, president) Broker: Media Venture Partners $173;800,000 Washington to KALE(AM)-KIOK(FM) Rlchland/Pascol R. Steven Hicks Kennewick Price: $1.2 million Buyer: of Triathlon Broadcasting Co. (Norman Feuer, Capstar Broadcasting Partners, L.P. president/26.52% owner; Robert F.X. Siller­ man, backer) seller: Sterling Realty Organi­ zation Co. (Fredric A. Danz, chairman) AMERICOM KEZX(AM)-KWJZ(FM) seattle Price: $26 ~~iJIf;rl<""~"1i"'~"'SiIY"'";'iii!_-'*'-_ million Buyer: Sandusky Newspapers Inc. (David Rau, chairman) seller: Park Commu­ nications Inc. (Wright M. Thomas, president) TOP PRICES • QUALITY STATIONS Brokers: Ray Stanfield (buyer); Media Ven­ ture Partners (seller) OVER 2.5 BILLION IN RADIO STATIONS SOLD SINCE 1985 KAQQ-AM-KISC(FM) and KNFR(AM) Spokane Price: $8.75 million Buyer: 1476 Waterfront Road / Suite 100 / Reston VA 22094 / (202) 737-9000 Triathlon Broadcasting Co. (Norm Feuer,

Broadcasting & Cable February 3 1997 39 • ~lAl1Ul\j&LAtlL~ lKAUll'RJ

Madison GP, Montauk, N.Y.) combining Sailors & Associates Seller: Osbom Communications Corp. WMAD-AM-FM Sun Prairie, WlBA·AM-FM WTXT-FM Fayette/Tuscaloosa Price: $5.1 KLCX(FM) Indio Pr1cfI: $1.231 million Madison WTSO(AM)-WZEE-FM Madison million Buyer: Osborn Communications Buyer: RM Broadcasting LLC (Robert and WMU-FM Sauk CltylMadlson, WIs. Corp. (Frank D. Osborn, president) Seller: Rivkin, president) Selisr: Mirage Broadcast­ Value:$17.4 million Owner, WMAD-AAH'M, Tuscaloosa Broadcasting Co. Inc. (Bill Dun­ ing Corp. (Andrew Reimer, president) WlBA-AM-FM: Point Communications (Richard navant, president) Broker: Stan Raymond & KYKF(FM) San FemandolLos Angeles P. Verne, owner) Owner, WTSO(AM)-WZEE­ Associates Price: $10.8 million Buyer: Liberman Broad­ FM, WMlI-FM: Midcontinent Broadcasting Co. casting (co-owners Lenard and Jose (Joseph H. Floyd, president) Inc. Alaska Liberman) Seller: Chagal Broadcasting Inc. WROE(FM) and WNCY-FM Neenah­ KEAG(FM) plus option to bUy KKRO(FM) (Warren W. Chang, VP) Menasha/Oshkosh and WNFl(AM) Green Anchorage Price: $2.5 million Buyer: Pio­ KDJK(FM) MedestolOakdale Price: $5 mil­ Bay Price: $9.5 million and exchange of neer Broadcasting Co. (Matthew N. Clapp WKKQ(AM) Hibbing-WTBX(FM) Nashwauk, lion Buyer: Citadel Broadcasting Co. Jr., owner) Seller: Thomas E. Ingstad (Lawrence R. Wilson, president) Selisr: Pho­ Minn. Buyer: Midwest Communications Inc. tosphere Broadcasting LP (Clifford N. Burn­ (Duke E. "Duey" Wright, presidentl92% Allzona stein, Peter D. Mensch, limited partners) owner) Seller: Central States Network LP KBZR(FM} Coolidge (moving to Gilbert) (Thomas L. Bookey, president) Broker: PrIce: $7.35 million Buyer: NPR Phoenix KSEG(FM) and KRXQ-FM Sacramento Blackburn &Co. (seller) LLL (Scolt Fey, president; Jeny Clifton, Price: $45 million Buyer: Entertainment Communications Inc. (Joseph M. Field, pres­ 50% of WTCH(AM)-WOWN(FM) Shawano COO) Seller: Rainbow Broadcasting Inc. (C. Price: $2,704,670 for stock Buyer: Bruce D. Jayson Brentlinger Jr., president) Broker: ident) Seller:Jacor Communications Inc. Grassman Seller: Ray L. Wheeler Serafin Bros. Inc. (Randy Michaels, CEO; ZelllChilmark Fund LP, 70% owner) Broker: Kalil &Co. WHBL(AM)-WWJR(FM) Sheboygan PrIce: KWA·FM Apache JunctlonlPhoenlx $2.1 million Buyer: Walton LLC (Michael R. Pr1cfI: $8.55 million Buyer: Z Spanish Radio KSSJ-FM Shingle SprIngslSacramento Walton Sr., presidentl51% owner) SBlisr: Network Inc. (Amador S. Bustos, president) Price: $14 million Buyer: American Radio Central States Network LP (Thomas L. Seller: American Broadcasting Systems Systems Corp. (Steven B. Dodge, chairman) Bookey, president) Broker: Blackburn & Co. (Tim Shaffer, Tom Kearney, principals) Selisr: Olympic Broadcasters Inc. (Douglas Inc. Kahle, president) Broker: Star Media Group AItauIaa Inc. WSPO(AM)-WSPT(FM) Stevens Point Price: $1.2 million Buyer: Americus Com­ KEZA(FM) Fayetteville Price: About $7 mil­ KXOA-FM Sacramento Price: $27.5 million munications Inc. (Richard L. Muzzy, presi­ lion Buyer: GulfStar Communications Inc. Buyer: Entertainment Communications Inc. dent) Seller: Americus Communications No. (John Cullen, president) 5e11er: Communi­ (Joseph M. Field, president) Seller: Ameri­ 1 LP (general partners: Continental Broad­ cations Corp. of America (Thomas R. Gal­ can Radio Systems Corp. (Steven B. Dodge, casting Inc. [William C. Davis, president] and loway Sr., chairman) Broker: Media Venture chairman) I Partners :1 Richard L. Muzzy) KBZT(FM) San Diego Price: $25 million for 'I WSAU(AM)-WIFC(FM) Wausau Price: $3.5 KKfX(FM) Fayetteville and KKZQ(FM) stock Buyer: Jefferson-Pilot Corp. (David A. 1 million Buyer: WRIG Inc. (Duey E. Wright, Lowell Price: $10 million Buyer: GulfStar Stonecipher, president) Selisr: Anaheim president) Seller: Joumal Broadcast Group Communications Inc. (John D. Cullen, presi­ Broadcasting Corp. (Timothy R. Sullivan, Inc. (Douglas G. Kiel, president) Broker: dent; Hicks, Muse, Tate &Furst, owner) president) Blackburn &Co. SBlisr: Noalmark Broadcasting Corp. KFSD-FM San Diego Price: $23 million (William Nolan, president) Broker: Whitley Buyer: Nationwide Communications Inc. Wyoming Media (Steve Berger, president) Seller: Lotus Com­ KTWO(AM)-KMGW-FM casper and KOLL(FM) Maumelle/Little Rock PrIce: munications Corp. (Howard A. Kalmenson, Wyoming Radio Network Price: $1.6 mil­ $4.1 million plus assumption of liabilities president) Broker: Gary Stevens &Co. lion Buyer: Jacor Communications Inc. Buyer: Triathlon Broadcasting Co. (Norman KIFM-FM San Diego Price: $28.75 million (Randy Michaels, CEO) Seller: Clear Chan­ Feuer, president) Seller: Multi-Market Radio Buyer: Jefferson-Pilot Communications Co. nel Radio Inc. (Jack Rosenthal, Robert D. Inc. (Michael G. Ferrell, president) (William E. Blackwell, president) Seller: Price, Hugh M. Duncan, owners) KLPQ..FM Sherwood/Uttle Rock and KIFM Broadcasting LP (Bruce Walton, presi­ KBBL-FM cabot Price: $1.009 million dent) Broker: Star Media Group Inc. ($825,000 for KlPO-FM; $184,000 for KBBL-FM) KYLD-FM San Mat80lSan Francisco Buyers:- KLPO-FM: CDB Broadcasting of Price: $44 million Buyer: Evergreen Media AItIbIImtI Arkansas (Calvin G. Arnold, president) Corp. (Scott K. Ginsburg, chairman) Seller: WBHK(FM) War­ - KBBl-FM: Snider Corp. (Ted L. Snider Jr., Crescent Communications LP (Allen Shaw, rior/Blnnlngham president) Seller: Phil and Christy Flynn-Hall president) ~roker: Star Media Group Price: $6 million CIIIlfomla KSOL(FM) San Mateo/San Francisco and cash Buyer: KYLZ(FM) Santa Cruz Price: $40 million KDNO(FM) DelanolBakersfleld Price: H&P Radio LLC Buyer: Tichenor Media System Inc. (McHen­ $1.75 million Buyer: Hemisphere Broadcast­ (H. Carl Parmer, ry T. Tichenor Jr., president) Seller: Cres­ Cecil Hettel, co­ ing LLC (co-owners Clifford N. Burnstein, cent Communications LP (Allen Shaw, presi­ Peter D. Mensch) Seller: Tape Networks owners) Seller: dent) Broker: Star Media Group Inc. North South Inc. (Richard Palmquist, principal) KWIZ(FM) Santa Ana Price: $11.2 million Broadcasting Co. LLC (Robert G. Brennan, KNAX·FM/KRBT-FM Fresno Price: $7 mil­ member, board of managers) cash Buyer: Liberman Broadcasting Inc. lion Buyer: Osborn Communications Corp. (Jose and Lenard Liberman, principals) seil­ WMCZ-FM MlllbrookIMontgomery and (Frank D. Osborn, president) Seller: EBE er: Odyssey Broadcasting Inc. (Stuart Subot­ WZHT-FM Troy/Montgomery Price: $17.75 Communications LP (Ralph C. Guild, presi­ nick, Michael Kakoyiannis, principals) Bro­ million Buyer: Benchmark Communiations dent) ker: Media Venture Partners (Bruce R. Spector, Joseph L. Mathias IV, KNAX-FM and KRBT·FM Fresno Price: general partners) Seller: Capital Communi­ $11 .25 million Buyer: American Radio Sys­ Colorado cations (Ronald Eubanks, principal) Broker: tems Corp. (Steven B. Dodge, chairman) KQK5-FM Longmont/Denver Price: $15

40 February 3 1997 Broadcasting & cable J SPECIAL REPORT l !

million Buyer. Jefferson-Pilot Communica­ WRMA(FM) Fort LauderdalelMlaml and Inc. (John W. Bidinger, president) Brokers: tions Co. (William E. Blackwell, president; WXDJ(FM) HomesteedIMIamI PrIce:$115 Media Venture Partners; William Rice (seller) Jefferson-Pilot Corp., owner) seller:West­ million Buyer: Paxson Communications WKES-FM St. Petersburg Price: $35.323 ern Cities Broadcasting Inc. (Richard C. Corp. (LoweD W. "Bud" Paxson, chairman) million Buyer: Paxson Communications Phalen, president) Broker: Blackburn & Co. Sellers: - WRMA: Seventies Broadcasting Corp. (Lowell W. "Bud" Paxson, chairman) KlKX-FM Manitou Springs PrIce: $2.825 Corp. (Alan and Robert Potemkln, owners) Seller: Moody Bible Institute of Chicago, million Buyer: Salem Communications Corp. - WXOJ: New Age Broadcasting Inc. (Russell Chicago (Joseph M. Stowell, president) (Edward G. Atsinger Ill, president) seller: A. Oasis, owner) WiskeslAbaris Communications KilO Part­ WXOJ(FM) HomesteadIMlaml and Geot'1JIa nership (John P. Higgins and Don J. Wiskes, WRMA(FM) Fort LauderdaleJMlaml Price: WCHZ(FM) Harlem!Augusta Price: $1 .2 general partners) Broker: McCoy Broadcast $110 million Buyer: Spanish Broadcasting million Buyer: Beasley Broadcast Group Brokerage Inc. System Inc. (Raul Alarcon Jr., president) (George G. Beasley; president) Seller: GMR KGFT(FM) Pueblo PrIce: $3 million cash Seller: New Age Broadcasting Inc. (Russell MO Inc. (Frank Copsidas Jr., owner) Bro­ Buyer: Salem Communications Corp. A. Oasis, 50% owner) ker: Bergner & Co. (Edward G. Atsinger Ill, president) seller: WNCV(FM) Niceville Price: $1.26 million WKBG(FM) Martinez/Augusta and WRXR· Falcon Media Inc. (Edward G. Atsinger 11/, cash Buyer: Holladay Broadcasting Co. Inc. FM Aiken, S.CJAugusta PrIce: $5 million president) (Clay E. Holladay, president) seller: century Buyer: Wilks Broadcasting Acquisitions Inc. CorHHH:tIcut 100 Broadcasting Inc. (Robert Lee, VP) (Jeffrey S. Wilks, president) Seller: Multi­ WTKS(FM) Cocoa Beach/Orlando PrIce: Market Radio Inc. (Michael G. Ferrell, presi­ WKSS(FM) Hartford PrIce: $18 million $25 million Paxson Communications dent) Broker: Media Services Group (seller) Buyer: Multi-Market Radio Inc. (Michael G. Buyer: Ferrell, president) seller: Precision Media Corp. (Lowell W. "Bud" Paxson, chairman) WWIQ{FM) Gray Price: $1.6 million Buyer: Seller: Press Broadcasting (Robert Corp. (Timothy Montgomery, VP) Brokers: Co. Stephen J. Taylor Seller: 10 Radio Network MeAllan, president) Sillerman Cos. (buyer); Blackburn & Co. Inc. (Donald L. Jones, president) (seller) WJHM-FM Daytona BeachlOrtando PrIce: WG~ Midway, S.CJSavannah Price: WWYZ(FM) Waterbury Price: $25.25 mil­ $21.3 million Buyer: OmniAmerica Group $2.5 million Buyer: New Adventure Communi­ lion Buyer: SFX Broadcasting Inc. (Robert (Carl E. Hirsch, chairman) Seller: Beasley cations Inc. (Michael R. Shott, president) SeIl­ F.X. Sillerman, executive chairman) Seller: Broadcast Group (George Beasley, presi­ er:Clark Broadcasting Co. (Michael Douglass, Gilmore family dent) Broker: Star Media Group Inc. (seller) president) Broker: Serafin Bros. (seller) WOWW·FM Pensacola Price: $2.6 million Florida Buyer: Southern Broadcasting of Pensacola Hawaii WOSN-FM Indian River Shores/Fort (PaUl Stone, president) Seller: Sun Media KPOl·FM Honolulu Price: $2.125 million Pierce PrIce: $1.6 million Buyer: Com­ modore Media Inc. (Bruce A. Friedman, president) Seller: Indian River Shores Part­ ners LC (Sally Smulley DiLucente, managing member) Broker: Media Venture Partners WWSF(FM) Andalusia, AlaJFort Waban Beach PrIce: $1.9 million Buyer: Patterson Broadcasting Inc. (James W. Wesley Jr., president) Seller: Affable Inc. (Stephen C. 1- Riggs, president) WPVJ-FM Ponte Vedra Beach/Jack­ sonville Price: $4 million Buyer: Paxson Communications Corp. (Lowell W. "Bud" Paxson, chairman) Seller: InterMart Broad­

I- casting First Coast Inc. (James E. Martin, president) WFSJ-FM St. Augustine/Jacksonville Price: Up to $5 million (merger) Buyer: Pax­ son Communications Corp. (Lowell W. "Bud" Paxson, chairman) Seller: Todd Communica­ tions Inc. (Todd and Devon Paxson, owners) WCIE·FM Lakeland Price: $S million Buyer: Moody Bible Institute of Chicago I transaction, (Joseph M. Stowell, president) Seller: Evan­ gel Christian School Inc. (Joseph Perez, ncial advisor to ,i- principal) ng Company, L.P. WEDR(FM) Miami Price: $65 million cash negotiations. Buyer: Evergreen Media Corp. (Scott Gins­ burg, chairman) Seller: Rivers Group (Rex 'I· B. Rivers, president) Broker: Media Venture ) Partners \& COMPANY WTMI·FM Miami Price: $18 million Buyer: Marlin Broadcasting LLC (Howard Tanger, president) Seller: American Radio Systems Corp. (Steven B. Dodge, chairman) Broker: Blackburn & Co.

Broadcasting & cable February 3 1997 41 STATION&CABLE TRADING

K. Christian, president) S61ler: Robert Bunce Buyer: Caribou Communications Co. (J. Jr., president) S6Iler: Eugene Crane (trustee Kent Nichols, president) seller: Kilohana in bankruptcy for Word of Faith) KRKQ(FM) BoonelDes Moines PrIce: Broadcasting (Charles Cotton, president) WIVR.FM (to be WEEK-FM) Eureka Price: $2.35 million Buyer: Fuller-Jeffrey Broad­ Broker: Kalil & Co. Inc. (buyer) $1 million Buyer: Granite Broadcasting casting Cos. Inc. (Robert F. Fuller, president) seller: Radio Ingstad of Iowa Inc. (James D. KRTR-FM KailuaIHonolulu Price: $2.5 mil­ Corp. rN. Don Cornwell, chairman) seller: Ingstad, president) lion Buyer: New Planet Radio (Gerry Clifton, Livingston County Broadcasters (J. Collins Scott Fey, Albert Bracht, managing partners) Miller III, CEO) KFMG(FM) Pella/Des Moines Price: $2.7 seller: Ohana Broadcasting Inc. (Austin and WFP5(FM) Freeport Price: $1.638 million million Buyer: Saga Communications Inc. Linda Vali, owners) (inclUdes $400,000 consulting agreement) (Edward K. Christian, president) seller: Buyer: EveningStarMedia Group LLC Intergalactic Communications Inc. (Ron Idaho (Michael Weckerly, president) S61Ier: Sorenson, president) Broker: Gary Stevens KIZN(FM) Boise and Freeport Radio Inc. & Co. KZMG(FM) New Ply­ (Charles P. Mills, presi­ mouth/Boise Price: $5 dent) Ka..... KTLI-FM EI Dorado Price: $1 ,252,500 rTJillion Buyer: Pacific WBUS(FM) Kankakee Buyer: Adonai Radio Group Inc. (Michael P. Northwest Broadcasting PrIce: $7 million for Corp. (Charles H. Wilson, shares Buyer: Z Spanish Stephens, president) set/er: New Life Fel­ president) seller: West Radio Network Inc. lowship Inc. (Jimmy Wayne Lee, trustee) Group Broadcasting Ltd. (Amador S. Bustos, pres­ KTPK(FM) Topeka Price: $2.9 million (Paul Meacham, presi­ ident) S611er: Trust B, Buyer: Kansas Capital Broadcasting Inc. dent) Lorin E. Milner Revoca­ (Berl Brachner, president) seller: Twenty KMXM(FM) Gooding and ble Trust Agreement First Century Broadcasting Inc. (H. Pat Pow­ KIKX(FM) Ketchum (Jacqueline A. Milner, ers, president) Price: $1 ,118,379 Buyer: principal) FM Idaho Co. (co-owners Kentucky Wendell M. and Lydia C. WXNU{FM) Valley StationILouisvllle Starke) S61ler: Idaho WRBT(FM)"""ana Mt. carmel, PrIce: $2.5 million Buyer: Cox Broadcasting Broadcasting Consortium lII.IEvansvllle Price: Inc. (Nicholas D. Trigony, president) S6Iler: Inc. (Frederic W. Con­ $1.3 million Buyer: Con­ Otting Broadcasting Inc. (John Page Otting, stant, president) Broker: noisseur Inc. (Jeffrey D. president) Broker: Blackburn & Co. Exline Co. (seller) Warshaw, president) WLRO(FM) Richmond Price: $2.048 mil­ seller: Old Northwest Illinois lion Buyer: Clark Enterprises Inc. (Michael L. Broadcasting Inc. (David Douglass, principal) seller: WCBR Radio WBWN(FM)Le L. Crooks, president) Inc. (George W. Robbins, president) Roy/Bloomington Price: Broker: Media Venture $2.975 million Buyer: Partners louisiana Bloomington Broadcasting WFWI(FM) Fort Wayne WTGE.FM Baton Rouge Price: $5.5 million Corp. (Richard D. John­ Price: $4.3 million Buyer: Guaranty Broadcasting Corp. son, senior VP) seller: Buyer: Pathfinder Com­ (George A. Foster Jr., president) seller: Vet­ Mid-America Radio Group munications Corp. (John ter Communications Co. (Cyril E. Vetter, Inc. (David Keister, princi­ F. Dille III, president) chairman) pal) Broker: Media Ven­ seller: Edgewater Radio ture Partners WBBU-FM BakerIBaton Rouge Price: Inc. (Russell A. Oasis, president) $1.75 million Buyer: Guaranty Broadcasting WPNT·FM Chicago Price: $68 million cash WBTU(FM) Kendallville/Fort Wayne Price: Buyer: Evergreen Media Corp. (Scott Gins­ Corp. (George A. Foster Jr., president) seil­ $6.8 miJlion Buyer: Starboard Communica­ burg, chairman) seller: Century Broadcast­ er: BEBE-F Broadcasting (Beatriz Facundus, tions LLC (R. Charles McLravy, preferred president) Broker: Media Venture Partners ing Corp. (George Collias, president) Bro­ member) S61ler: Fort Wayne Media LP (Carl ker: Broadcasting Asset Management Corp. KFTE(FM) Breaux BridgelLafayette and P. Lanci, general partner) (seller) KMDl(FM) Kaplan/Lafayette Price: $4.475 WBYR(FM) Van Wert, Ohio/Fort Wayne WYSY-FM Chicago Price: $33 million million Buyer: Communications Corp. of Price: $5.85 million cash Buyer: Pathfinder Buyer: Spanish Broadcasting System Inc. America (Thomas R. Galloway Sr., chair­ Communications Corp. (John F. Dille III, Raul Alarcon Jr., president I 59% man) seller: Schilling Distributing Co., president) seller: Regional Radio Corp. owner)seller: Infinity Broadcasting Corp. (Kenny I:\ix, principal) (Dennis L. Mockler, president) Broker: (Mel Karmizin, president) KDEA(FM) New Iberia Price: $2 million Richard A. Foreman Associates WABT(FM) Dundee/Chicago and Buyer: Powell Broadcasting Co. Inc. WXTZ(FM) Noblesville Price: $4 million WWJY(FM) Crown Point, Ind.lChicago (Nanette N. Kelley, president) seller: Cajun Buyer: Panache Broadcasting LP (Charles Price: $3.6 million Buyer: Z Spanish Radio Consulting Inc. (Roger W. Cavaness, presi­ D. Schwartz, president) seller: Weiss Com­ Network Inc. (Amador S. Bustos, president) dent) munications Inc. (Mary B. Weiss, principal) seller: M&M Broadcasting Inc. (Thomas Broker: Binford Miles Rodgers & Associates KHOM(FM) Houma/New Orleans Price: McDermott, president) Broker: Snyder and $6.75 million cash Buyer: Clear Channel Sanchez Agency Iowa Communications Inc. (L. Lowry Mays, presi­ WCCQ(FM) Crest Hill/Joliet Price: $2.7 KKCV(FM) Cedar Falls Price: $3.2 million dent) S61ler: KHOM Associates LLP (Ray­ million Buyer: TKO Broadcasting LLC (Scott Buyer: Connoisseur Inc. (Jeffrey D. War­ mond A. Saadi, James J. Buquet Jr., princi­ Krusinksi, president) seller: CHB Venture shaw, president) set/er: Thin Air Invest­ pals) Broker: Serafin Bros. Inc. (seller) (Bob Channick, president) Broker: Media ments Inc. (Diane Winkey, president) Bro­ Maryland Venture Partners ker: Bergner & Co. WWMX(FM) and WOCT(FM) Baltimore WEMG-FM Crete Price: $2.5 million Buyer: KEZT-FM Des Moines Price: $3.2 million Price: $90 million ($60 million for WWMX; $30 Flinn Broadcasting Corp. (George S. Flinn Buyer: Saga Communications Inc. (Edward million for WOCT) Buyer: American Radio

February 3 1997 Broadcasting & Cable 42 SPECIAL REPORT •

Systems Corp. (Steven B. Dodge, chairman) Broadcasting (Charles McLravy, Gregory Partners II LP (Herbert P. Wilkins Sr., 53.4% setler: Capitol Broadcasting Co. Inc. (Jim Capogna, principals) Seller: Regional Radio owner of general partner Wilkins and Jones Goodmon, president; Robert J. Lind, VP, Corp. (Myron Patten, chairman) Broker: LP) Seller: Meyer-Baldridge Radio Inc. radio group) Richard A. Foreman Associates Inc. (Kenneth E. Meyer, president) WXCY(FM) Havre de Grace Price: $3.5 WGER(FM) Saginaw Price: $4.2 million KTOZ·FM Marshfield Price: $1.8 million million Buyer: Steinman Stations Inc. Buyer: Fritz Broadcasting Inc. (Jock Fritz, Buyer: KOSP LP (MW Springmo Inc., gen­ (Julian H. Booker, president) Seller: Pretty­ president) setler: F-B Communications Inc, eral partner (William R. Walker, secretary)) man Broadcasting Co, (William E. Pretty­ (Jack FitzGerald, president) Broker: Richard Seller: GMR MO Inc. (Frank Copsidas Jr.. man Jr., president) A. Foreman Associates o'Nner) KLTQ(FM) Sparta Price: $1 ,063,020 Massachusetts Minnesota Buyer: Great Empire Broadcasting Inc. WFCC(FM) Chatham/cape Cod Price: KFGX(FM) Detroit Lakes Price: $1.3 million (Michael C. Oatman, principal) Seller: $1.19 million Buyer: Charles River Broad­ Buyer: MSB Inc. (Lauris N. Molbert, presi­ Champion Broadcasting Inc. (Michael Crow­ casting Co. (Cynthia D. ScuWn, president) dent) Seller: leighton Enterprises Inc. (Alver der, Jeffery L. laRocca. principals) Seller: Dolphin Productions Inc. (Allen Stan­ Leighton, president) Nebraska ley, president) KCFE(FM) Eden Prairie Price: $6 million WUNZ(FM) Falmouth, WUNX(FM) Har­ ($3.4 million plus $2.6 million assumption of KUHG(FM) Milford/lincoln Price: $1.3 mil­ wichport and WCOD-FM Hyannis Price: liabilities) Buyer: Trusts of James R. Cargill lion option to purchase Buyer:Warner $2.8 million Buyer: Bach Broadcasting Corp. " and Susan M. Cargill St. Paul (James R. Enterprises tnc. (Norton E. Wamer, presi­ clo Subaru of New England Inc. (Ernest J. and Susan M. Cargill, trustees) Seller: dent) setter: Bott Broadcasting Co. (Richard Boch, president) Seller: Leapfrog Radio Southwest Suburban Broadcasting Inc. P. Bott, president) Broker: Patrick Commu­ Partnership (Paul Levesque, president) (Raymond O. Mithun Jr., owner) nications Corp. WBOQ(FM) Gloucester Price: $3.75 million KOSJ-FM Nebraska City/Omaha Price: $5 Buyer: Marlin Broadcasting Inc. (Howard M'sslsslppi million Buyer: Journal Broadcast Group Inc. 'Woody" Tanger, president) setler: South­ WJDX(FM) Jackson Price: $3 million (Douglas G. Kiel, president; Journal Commu­ field Communications LP (Douglas H. Buyer: SFX Broadcasting Inc. (Robert FX nications Inc., owner) Seller: Joerg G. Klebe Tanger, president; Bach Communications Sillerman, executive chairman;) Setler: Spur Broker: Kalil & Co. Jackson LP (Don R. Kuykendall, president) Corp" general partner; (Douglas Tanger, Nevada president)) KTHX-FM Carson City (moving to Fair Mlch'gan KISF(FM)M'...."Lexington Price: $2.42 million Oaks, Calif.) Price: $14.95 million Buyer: WMXD(FM), WJLB(FM) and WQRS(FM) Buyer: Syndicated Communications Venture Susquehanna Radio Corp. (Louis J. Appel Detroit, and WFLN-FM Philadelphia Price: $237.75 million ($168 million for WMXD and WJLB; $32 million for WORS Detroit; $37.75 million for WFLN-FM) Buyer: Evergreen Media Corp. (Scott K. Ginsburg, chairman/55,6% I I owner) Seller: Secret Communications LP SOLD! Sm:-D! SOLD! (Frank E. Wood, presidenVlimited partner) WWYZ-FM WKES-FM WBNW-AM Broker: Star Media Group Inc. Hartford, CT Sr. Petersburg. FL Boston, MA WATR,Inc. The Moody Bible Back Bay WDZR(FM) M1. Clemens/Detroit Value: Institute ofChicago Broadca~ters to to to $12 million Buyer: Syndicated Communica­ Paxson Broadcasting New England tions Venture Partners II LP (Herbert P. SFX Broadcasting of Tampa. L.P. Continental Media.lnc. Wilkins Sr., 53.4% owner of general partner .'25.25 MlIIloa 835.323 Million '.Mlllion >, Wilkins and Jones LP) Seller: Allur Commu­ '0' nications Group Inc. (before sale owns 60% SOLD! SOLD! CLOSED! interest, after sale owns 0%; Ragan Henry KQXR.FM. KCID-PM WKBQ-AM, WKBQ-FM KU1Q-FM National Radio LP, minority owner) KGEM-AM. KJOT-FM 5 Boi~·e. ID WKKX-FM KZnT-FM WKPK(FM) Gaylord and WMLQ(FM) AGM-Nevada, St. Loois, MO Sall~~~~iUT Rogers City Price: $1.4 million Buyer: L.L.c. Zimmer Radio Group BroadcUling n. L.L.C to Northern Broadcast Inc. (Richard A. Dills, to to Lartique Multimedia iY'gent president; Northern Bottling Co., owner) Systems,Ioc. Emmis Broadcasting Cornmulcations, Inc. Seller: Alpine Broadcasting Co. Inc./North $8 MiII.on 142.5 MiUion $1l.Q;MlUion

South Radio Group Inc. (John D. DeGroot, b president) CWSED! SOLD! I ~Ut~i~! WAKX(FM) Holland/Grand Rapids, Mich. WSOK-AM. WLVH-FM WEAS-AMIFM WAEV-FM Sawlnnah, GA KZRQ- • KIVA-AM Price: $4.1 million Buyer: Clear Channel SOI'onnah, GA -AM Communications Inc. (L. Lowry Mays, presi­ Southeastern WEAS,Inc. A .NM Broadcasting 10 Radio dent) Seller: Pathfinder Communications '0 Ogeechee Group~New Mexico Patterson with Corp, (John F. Dille III, president) Broadcasting ...... Broadcasting Company, Inc. Tmitorial C()ttimUni~ons. Inc. WITL-FM Lansing Price: $16,2 million $11.0 Million $3.7ii. .Milli~u., ,$G.O,.lIion Buyer: Liggett Broadcast Inc. (Robert G. Liggett Jr., chairman) Seller: MSP Commu­ (804)282-5561 nications Inc. (Jackson W. Smart Jr., chair­ man) Broker: Blackburn & Co, MEDIA SERVICES GROUP, INC. WBHR(FM) and WJXQ(FM) Jackson/lans­ ACQUISITIONS' VALUATIONS· FINANCING· CONSULTATION ,0 ing and WWDX(FM) S1. Johns/Lansing San Francisco· Philadelphia· Washington· Kansas City· Providence· Salt Lake City· Jacksonville· Richmond Price: $15 million Buyer: 62nd Street

~e Broadcasting & Cable February 3 1997 43