I to lecember 8, 1997 um wir 'plume 14, Issue 49

11 1.1 MIL INDUSTRY 4MERICOM VOICE OF THE R ADIO BROADCASTING MIIIIMIL*4111=111INIall II

Over 2.5 Billion Station trading benchmark: $15 Billiontopped 3 Hefty Heftel deal for New York FM put stationtrading for 1997 over i] Radio Stations Sold the $15B mark-a stunning record which shouldstand for a year? PART IV IN A SERIES OF IV KQUE (AM/FM) Pacing for 01 1998 is brisk 3 Houston, TX Booze news: Congresspersons wantFCC in the spirits 3 3 WBGR(AM) Meyers' tarot cards point to sunny '98 forradio RIP: Arbitron plays "Taps" over monthliesconcept 4 Baltimore, MD Jacor gives NSN a Wegener edge 4 WSCQ(FM) Beta buddies: Citadel, DCI link up for tech tests 4 Columbia, SC Many vendors replacing contracts with resumes 4 WKOC(FM) Lesourd caught in mousetrap? Sommers returns toLA trio 4 Norfolk, VA WTAR(AM) Norfolk, VA Towering infernal: Increased need will lead to crunch 6-10 WLTY(FM) Towers: Environmental concerns make it tough to get anerection 10

Norfolk, VA 1.1.1-1II a 1.11/111I1L.1.1.kJlAIMMI 1,'1,131.111111113i1b. WHOM/WCSO Portland, ME Theme scheme: Disney readies new Tokyo park project 11 WRIE(AM) You Otter do as well: Owner finds fat funds in Fargo 11

Erie, PA V 1,11-37TTUIrla. l 1 S. I I r711 -1-1-r I I 13111iI I P11:117111.."W.7 WXKC(FM) I LaLAIJ III1111.17& - Erie, PA Heftel plays "skip to my Liu" to score Apple FM 12 KJJY(FM) Heftel makes a major move in getting an FM in Market #1. To do so, they Des Moines, IA are giving WPAT-AM plus $115M cash to Multicultural Broadcasting. KKSO(AM) Des Moines, IA Max boardroom (plus radio/TV stations) going to Sinclair 12 KFRQ/KKPS(FM) Cloudy weather in four more markets as Cumulus moves in 13 13 McAllen, TX Now it can be told: Deal dollars revealed LMAs live: Cox to rent trio in Dayton 13 KVLY(FM) KJR Seattle gets a little brother 13 McAllen, TX Withers adds Sterling addition to portfolio 13 WSNE(FM) Direct stock market passing radio by 14 Providence, RI TOWER BUSINESS REPORT

Telecom Towers picks up 148 new sticks 14 American Tower Systems gets it in Gearon 14 Now The 1998 RBR Source rom Gammon Dan Gammon on Press Guide Directory 'op Prices 'Quality Stations Available Only call: 703.719.7721 (202) 737-900(1 69.00 Pre -Publication price. Offer expires Dec. 31 PREMIERE RADIONETWORKS PRESENT

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7E1171 'MT t= FR/ink o --1-\/\/ F=I I Jim Carnegie Publisher Associate Publisher Katy Bachman VP/Editor-in-Chief Ken Lee VP Administration Jack Messmer Senior Editor Cathy Carnegie Senior Editor Ronald Greene Executive Director of Production Dave Seyler Account Executive Associate Editor Maggie Daley Carl Marcucci Account Executive Frank Saxe Associate Editor Beth Dell'Isola Admin. Assistant Mona Wargo FCC Research Consultant April Olson

Trading breaks $15B barrier! Pacing forecasts holiday cheer December radio inventory is going fast, It was hardly imaginable back in the recession yearsof 1990 and '91, when station according to the latest RBR/Miller, Kaplan trading volume was strugging to get back to$1B per year, that before the decade pacing report. But it's the strong early was over we would betalking about back-to-back years in thedouble-digit showing for January and February that billions. Despite the efforts of the DOJ to putthe superduopoly genie back in a will be the best holiday present. Those bottle, 1997 trading has broken the$15B barrier. numbers show that so far, radio will be The deal that put trading over thatmark was Heftel's $150M deal to buy keeping up its strong pace into 1998, WNWK-FM New York (see page 12). Withhalf of December remaining, the following a robust 1997. "We're expect- record is certain to move even higher. Breakingthe $16B mark seems unlikely, ing that those markets seeing double though, but with the incredible pace oftrading since the Telcom Act became digit growth will be able to maintain that in law in Feb. 1996, anything is possible. 1998," predicts Miller, Kaplan's George This year's trading had surpassedlast year's record of $14.4B in late Nadel-Rivin. Cheers! October (RBR 11/17, p. 3). RBR/Miller Kaplan Lawmakers want It's crystal ball season Market sell-out FCC booze review Jack Meyers of The Meyers Report is 1997 1996 throwing his predictions into the fore- Congressman Joe Kennedy (D -MA) 73.4% sent a letter Dec. 3 to FCC Chair Billcasting ring. Meyers sees overall na- Dec.1 72.9% Kennard (D) urging him to move tional ad spending growing 7% in '98, 1998 1997 forward with a review of liquor ads on to $58.72B. "For 1998 we're on the radio and TV. The letter was signedconservative side. We continue to Jan. 24.3% 20.8% by 24 House lawmakers, includinganticipate a slight downturn, soft- Republicans Mike Castle (R -DE), ness, in the first quarter [but] we're J.C. Watts (R -OK) and Jamesextremely bullish in the long term," Feb. 14.9% 12.7% Hansen (R -UT). Last month, Kennard says Meyers. said he felt the FCC should consider Network and national spot radio through radio," says Meyers. Next reviewing the affects of alcohol ad- will have another up year, but Meyers week: RBR looks at all the dueling vertising (RBR 11/10, p. 4). sees 1998 growth at just 4.3%, to predictions for 1998 and beyond. "We believe the FCC has a critical$2.78B. That is significantly lower RBR observation: Meyers believes role to play within its own jurisdic-than other predictions made earlier other media are better suited for build- tion to safeguard the public airwaves. this year. Local predictions will be ing brands, and that is why national The FCC's review...would produce a offered in early '98. "We don't neces- radio is getting shorter shrift in his factual record on the topic of liquorsarily see the strength of radio as predictions. We're still puzzled that advertising," Kennedy wrote. being a network," says Meyers. Meyers does not take into account The letter comes on the heels of The calculations are based on in- national spot radio's tremendous Kennedy winning funding for two terviews with top ad executives, and growth in 1997, up 16% YTD (RBR studies aimed at gathering data on76% see more of their budgets going 12/1, p.3). A lot of that growth came alcohol advertising and its effectstoward building brand equity. "You due to the new advertising efficiencies on underage drinkers. don't launch major new brands offered by consolidated radio groups.

1997 Radio Business Report, Inc. Publishers of Radio Business Report, Mid -Week News Brief, the Source Guide, Manager's Business Report Subscription Cost $220.00 and the Information Services Group database. Material may not be reproduced without permission. EDITORIAL/ADVERTISING OFFICES: 6208-B Old Franconia Road, Alexandria, VA 22310 (or) P.O. Box 782, Springfield, VA 22150 Main Phone: 703/719-9500 Editorial/Sales Fax: 703-719-7910 Subscription Phone: 703-719-7721 Subscription Fax: 703-719-7725 Advertising sales information: Ken Lee 703-719-9500 Fax 703-719-9509 Email the Publisher: [email protected] Email Editor: Kbachman@aol,com, Email: Editorial radiobiz@ aol.com Email Sales: [email protected]

12/8/97 RBR 3 Arb Council kills monthlies News Analysis After months of controversy,Arbitron said it will not be producing month- Radio vendors, pick lies. The issue headed the agendaof your partner! the Arbitron Advisory Council,which by Katy Bachman met last week. Broadcasterswere Consolidation is forcing many radio consultants and vendors to rethink theirhi,' split on the issue, but the RABBoard "A lot of the service people are going to have to choosea partner," said David Lebow and the Advisory Councilwere Chancellor's new station research and development VP. "They're going tohave to decide strongly opposed (RBR 10/27,p. 6; how they're going to play consolidation." 11/3, p. 4; 11/10,p. 6). Last week, Lebow finalized his choice to align himself with his biggest client, Chancellor Arbitron also announced council Media (O:AMFM), shuttering Rating Point Management, the Westport researchconsultancy election results:Chuck DuCoty,GM, he founded three years ago. For Lebow, it wasa matter of making the choice himself before WISN-AM Milwaukee is thenew it was made for him. Some of his three -years work will liveon through the The Research Chair.Iry Goldstein,VP/GM, Berk- Group, which was a "silent investor" in Lebow's firm and will be marketingLebow's shire Broadcasting Corp. software and Arbitron ratings crunches. Lebow is not the first consultant in the consolidationage to go from owner to employee. Jacor wires NSN with Wegener Other consultants have made similar choices. Jaye Albright, formerlywith Broadcast for major markets Programming and then her own firm, Albright, Hill and O'Malley, recently tooka position as Jacor's (O:JCOR) VP, Country programming. Dave Martin, founder of the Radio Putting its purchase of NSN Network Consultants, became a CBS (N:CBS) Dallas GM. Rick Petersgave up the program Services (RBR 4/28 p. 4) to work, Jacor consultancy bearing his name to take the position of President/CEO for Capstar's Southern announced the satellite deliverycom- Star Communications radio group. pany has placed an initial order for Even the larger research and consultant firms will need to make toughdecisions. For Wegener digital send and receive hard- example, Paragon Research, which has always done business withselect packaged ware totaling $700K. The equipment goods clients, is looking to step up that part of its business. will allow major market Jacor radio RBR observation: There will be more vendor falloutas groups continue to bring properties to send and receive short inside or consolidate services and resources, either hiring keyindividuals or buying the and long form programming, produc- company (RBR 7/21, p. 3). Look for programming and research togo first-those two tion and commercial spots. resources are critical to radio station and radio group's competitive success. For sending, each market group will be equipped with its own SCPC Here's "The Buzz" uplink to include the Wegener DE98 -Lesourd out, Sommers back digital audio encoder, the DM196 by Carl Marcucci variable rate modulator and a COM- Perhaps it was the December Buzz(LA's trendy monthly mag) article thatbroke Maureen PEL network control system. Lesourd's back, but shortly after last Wednesday's big meeting of all Wegener's DR96Q variable rate QPSK three ABC LA stations' staff, the news came down that Lesourd had resigned after 18+months tenure. receivers will also be installed to com- KLOS-FM veteran Bill Sommers is returning from semi -retirement plete the two-way capability. to take her place. Sommers had been with KLOS since 1973, andwas President/GM from 1986-96. "This is the first step towards what The three -page article, "Squeeze Play," chronologically bashed Lesourd'sterm at the we trust will be an expanding net- LA group and was peppered throughout with stories of rash firings and work. The COMPEL network control poor morale. "There were almost 60 families that were impacted by her and therewas a very thick trail system will tie in their master control of blood around that facility. They were all people that I had hired.I feel very bad about in Avon, CO with Jacor's top markets that," said consultant George Green. 38 -year KABC vet, whowas forced to retire when and allow control from all those areas ABC brought Lesourd to LA. so that there's both a master control Author Ray Richmond wasn't able to interview Lesourd. In -market for a large future network and control sources told RBR that the decision for Lesourd and ABC not to talk to Richmondcame all the way down from within regions," saidKeith Smith, Disney corporate, not ABC as the article said. VP business development, Wegener. The episode caps off weeks of controversy since Lesourd decided tomove KABC-AM host Michael Jackson from weekdays to weekends. Jackson resigned. Citadel to wire up with DCI? Ratings for all three stations have been flat. KABC-AM, averaginga 3.0 P12+, slipped Free trial offer? Citadel has agreed to slightly in Summer to 3.1 from a year ago. KLOS-FM went from a 2.5 toa 2.0 in Summer have Digital Courier International's and KTZN-AM, now a Radio Disney station, posted a 0.7. Internet server application and ISDN RBR observation: RBR sources say Disney hasn't been thrilled with the performance of lines installed at all 101 stations as a its ABC LA stations since acquiring ABC in Feb. 1996. Indeed, all three had slipped from former company -wide corporate intranet glory even before Mickey made the buy. So, a lot of changes were made in a short period of test. Citadel already has 90% of its time: Bringing in Lesourd, retiring Green and Sommers, reprogramming KABC toa younger O&Os wired with DCI to receive com- audience, switching KMPC from News/Talk to KTZN-Women's Talk, and then to Radio Disney. mercial spots. Incorporating the re- KTZN's "The Zone" (Lesourd's "baby") was given only six months before Disney pulled maining stations will complete the plug. Talkers magazine named The Zone "format of the year" and Lesourd, executive Citadel's ability to send and receive of the year. data, programming, spots and other With all the management changes, and now the return of Sommers, it appears ABC and/ inventory corporate -wide. or Disney management is "grasping at straws," again looking for the quick fix.

4 12/8/97 RBR I

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by Carl Marcucci Towering hurdles: Preparing for the crunch at the top It's all hitting the fan at once-FCC arrive at any exact figure before engi- claimed three workers for LeBlanc DTV conversion deadlines, soon to be neering studies are done and choicesCommunications-a fabricating and displaced FMs lessees, a shortage ofare made. erecting company headquartered in tall tower crews, zoning restrictions "We really don't know the extent ofCanada. The other collapses occurred and new RF emission standards-are the problem. We don't have a handle in Fargo, ND (from weather), Dallas, driving the industry into an imminent on how many FM stations are on TVTX and Monroe, LA. "tower crunch." In addition, the FCC towers, how many new TV towers are Is four per year a normal figure for will have to approve permits for build- going to have to be built, how manythe industry? "I would say the latest ing, modifying and consolidating the existing TV towers can handle thenumber of collapses is not typical- ensuing multitude of towers. additional load without having to take we've had some bad accidents in the Its a boon for the tower industry, something off,or whether there'slast year. The problem is the Bureau but DTV coverage often requires tall space on existing towers," said com- of Statistics has only provided data towers to equal the current analog. Ofmunications attorney Gregg Skall, for the past three years on why towers the estimated 100+ tower erecting Pepper & Corazzini. collapsed, or even if they were a com- crews nationwide, only six or seven With NAB and FCC estimates ofmunications tower," said Gordon build and modify tall towers. That 600 new DTV towers needed and aLyman, safety and QC manager, number isn't going to change much in substantial number of FMs kicked LeBlanc. the next few years. out of the nest, there's a lot of work to Towers are weakened from the ice, The DTV deadline for network af- be done. Can the industry toe the wind and coastal saltwater. From time filiate conversion is May 1, '99 in the mark under current conditions? RBRto time, structural reinforcement is top 10 markets, November 1, '99 for examines the hurdles. required-especially when adding the top 30 markets, and May 1, 2002 antennas. When you have 2,000 feet for the remaining markets. All 1,500 Safety a major concern of metal up in the air and you take one US TV broadcasters will need DTV "Crews and safety are just a huge of the guy wires away to replace it, it antennas by 2006. Where necessary, issue. I can't stress that enough. To can be precarious. Imagine what hap- many TV broadcasters will not renew hurry things up for all the wrong pens when you start making changes FM antenna leases to make room for reasons would be inappropriate," said to the weight distribution on a 45 - DTV-those FMs will have to be relo- Carl Hirsch, CEO, OmniAmerica year -old tower. cated to other tall towers. Wireless. (OmniAmerica is backed by While the recent Jackson, MS tower "It's happening now. We've already Hicks, Muse, Tate & Furst and re-collapse is still under investigation, put in a notice in a couple of markets cently purchased a one-third interest RBR spoke with Bob Henke, CE of FM that the lease will not be renewed," said in fabricator Kline Tower). lessee KYNG-FM Dallas. The gin pole Gary Hess, director of tower opera- The tower industry has seen fourthat caused the Oct. 12, '96 Dallas tions, American Tower Systems (A'TS). collapses in the past year, three ofcollapse is a heavy steel derrick that While Hess gave an FM displace- which caused crew fatalities. The lat- is slung from the top of the tower with ment estimate of 25%, it's hard to est in Jackson, MS (RBR 11/3, p.14) a winch attached. It is used to lift Mad Does Your Signal Suck? Passionate Find out with Real Coverage Maps from CMBE! Broadcasting We can measure every station in your market for the in three days with our high speed GPS system. See your real coverage in color for the 1st time! 21st Century 800 801 CMBE (2623) www.cmbe.com +1 916 676 4344

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12/8/97 RBR 7 sections of the tower while being built, LeBlanc employs its own crews- OmniAmerica's Miami supertower: 79 total and is moved higher on a track system out of 40 US crews, only one or two clients; 11 FMs 3 TVs, 3 DTVs to come. until at the top, where antennasare work on tall towers. U.S. production Minor strengthening will be needed to hoisted up. Three deaths resulted in ratios are similar-so far this year, house the DTV antennas. the collapse of the Ch. 39 KXTX tower. the company fabricated and erected "We do not know what caused the 350 cell towers and one tall tower. gin pole to fail. It broke loose and did "Until somebody comes up with how a 180, turning completely over, hit- many more tall towers will be needed, ting and snapping a guy wire. That I don't know how much of a crunch started the whole tower to swivel and there will be. I think it's pretty obvi- then it came down. The day it fell, ous that manpower is a huge prob- three workers were raising Channel lem. The work that's there just can't 39's new DTV antenna to the top of the be done, and I don't think it can be tower. Two of them came straight down manufactured in time," said with the tower, the other was cata- Lyman. pulted through space and out into the Finding and training tall woods. It was horrible," said Henke. tower crews takes on -the job Henke was left in a difficult posi- training and a lot of time. Out tion-KYNG had no back-up or auxil- of Dallas -based Doty -Moore iary site. "It was kind of a scramble. Tower Co.'s 40 erector em- The technical departments of other ployees, only eight are quali- stations realized that I was in trouble. fied to work on or build tall Their management and the chief engi- towers. Don Moore, 20 -year neers offered immediate help-there veteran and co-owner Doty - was no more competition. KDMX-FM Moore, explains: "You can't Dallas offered to retune their auxiliary just run out and teach people Lr Barged view transmitter to 105.3, which is our how to do this kind of work. of the tower frequency. In doing so, I was able to We would be spreading our- get back on the air at a lower power." selves too thin to try and do months average that. We're expecting a lot for that in most Spreading it thin more work, but I'm not train- cities. There are probably only six or seven ing people-we're not going to However, lo- crews-three or four people in each- be any larger than we are cal jurisdictions that can erect tall towers in excess of right now. You have to spend sometimes have a 1,000 feet. Both ATS and OmniAmerica at least three years to get a tendency to draw are concerned about those numbers, decent person, and probably five be- these things out as long as possible. along with the industry's manufac- fore they can be left on their own. "In Hudson, MA, a Home Shopping turing capacity. Even when we bring people in that Network affiliate wanted to take down "My hope is that instead of having have worked on small towers, these an existing tower and replace it with lower -skilled crews trying to do [these large towers are a different animal. a stronger one of the same size that tall tower jobs], more crews will get There's a lot more room for error in could also support their DTV an- trained. But in reality, I think you're small towers. You make a mistake in tenna. It took close to two years of going to see more of a slow -down in your loads on a large tower, and it's a fighting with the township, and fi- getting DTV towers deployed. Also, critical one." nally a win in court for the tower to be there's only three or four manufactur- replaced," said Pete Starke, director ers who can fabricate big towers. If I Regulation restriction of broadcast tower development, ATS. want a tower built by the end of next Many say if the FCC wants broad- Important to the zoning issue is an year, I have to order that tower right casters to stick to its DTV construc- FCC Petition for Rulemaking proceed- tion timetable, the bureaucracy needs now [early Nov.]," said Jim Eisenstein, ing first instituted by the NAB May VP corporate development, ATS. some streamlining. State and local 30. The notice, labeled MM Docket Hirsch echoes Eisenstein's con- zoning delays, building permit delays 97-182, was released August 19. If cerns. "At the moment, we are able to and new RF emission standards all adopted, the FCC would have author- handle the demand that exists. As can impede that timetable. The FCC ity to preempt local and state zoning time goes on, that remains to be rules for DTV rollout state that the regulations for DTV tower placement tower must be located at or within and modification (the FCC can cur- seen," he said. "Some of the metal three miles of the the existing analog benders' capacity is going to be taxed rently override local restrictions on in the fabrication process, and as site-now almost always surrounded cellular and PCS tower siting as by suburbs and zoned residential. granted by the Telcom Act of '96). The such we believe that our investment While the current ordering -to - in Kline Tower certainly is going to Petition also asks for rules to limit the help our situation and our clients completion time frame for tall towers review of CP proposals to 21 days because we will prioritize-first in is over a year, no one can place an when replacing or modifying towers order until they have zoning and at an existing site; 30 days to move a and first out." building permits-so add four to six tower 300 feet or less, consolidate 8 12/8/97RBR HEAD ON,"THE BEST TRAFFIC SYSTEMIN THEBUSINESS."

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12/8/97 RBR 9 facilities or increase tower height; Instead of spending a tremendouscapi- and 45 days for every otherproposal. tal outlay to build a DTV tower them- The FCC could also makethings selves as many broadcasters did better for FMs by adoptinga waiver for analog, all they have to worry aboutis policy under the contourprotection making a lease payment. rules (73-207, 215) to allowmore sta- "We have the capacity to targeta tions to site at existing antenna farms. market with a soup -to -nuts kind of 'This may mean short -spacingwith product-community towers with other broadcasters, but inmany cases master antennas, or what we call only minimal. More people couldget 'supertowers,' are vertical shopping on fewer towers," said Skall. malls. At the top we would haveour While Docket 97-182 wouldre- anchor tenants, which is the DTV move one bottleneck, a recently in- setup, and below that FMs, and lower troduced Senate bill (Oct. 30) could down the personal communications lengthen it. S-1350, the Tower Siting antennas. If there's enough broad- Repeal bill introduced by Senators caster support in that market, we will Patrick Leahy (D) and James own and manage the site, finance the Jeffords (R) of Vermont seeks not construction, zone it and build it," only to remove pre-emptivepower for said Hirsch. "That is the answer." cell towers, but prohibit the FCC ATS, recently spun off from parent from adopting 97-182. company American Radio Systems Tower design is another ever -evolv- American Tower Systems' West Palm Beach (ARS) in the sale to CBS (RBR 9/22 ing regulatory process. Information supertower: Completed in January and not special insert), has already consoli- from historical weather events is gath- yet full,it can host 4 DTV antennas, 5 FMs dated ARS FM O&Os in West Palm ered to come up with new wind load and a large assortment of government and Beach, Austin, Seattle, San Jose, Bos- specifications that new towers have to personal communications antennas. ton and Portland antenna sites. The meet. They have to be built to meet the recently built candelabra tower in latest specification set by engineering came effective Oct. 15. While most tallAustin can hold four DTV antennas groups like TIA, EIA, ANSI and IEEE. tower broadcasters won't need to make and has a top -mounted master FM The latest-RS 222-F spec is providedchanges to comply, mountaintop andantenna that can host 10 stations. by TIA/EIA (Telcom Industry Assoc./ rooftop antennas holders will. "So it's not this doomy, horrible situ- Electronic Industries Assoc.). This is Uncontrolled environments whereation that everybody thinks-that the the standard that most insurance the public could wander in closeprox- FMs are just going to be put out of underwriters require, along with state imity to the antennas are areas thatbusiness. it's just going to drive them and local building codes. the new regulations target-andto be more efficient and consolidate While new standards are issued maybe for good reason. Said Hess: "Iinto a top -mounted FM broadcast an- every few years, old standards areremember getting too close to an an- tenna, andgeta better signal [than grandfathered to existing towers. Most tenna-my skin felt like a swarm ofprevious side -mounts). One six-inch insurance companies continue to bees was attacking me. No one really line can run five FMs," said Hess. "In underwrite to the original design load knows what RF level or exposure time most cities, one tall tower designed spec if it is maintained, regardless ofwill cause damage, but it's better to be properly can handle everybody's added antennas. It is the tower safe until we do." needs-and that's exactly what we do." owner's responsibility to conduct an RBR observation: The supertower engineering/structural analysisA light at the top of the tower?solution will take planning and coop- study to assure coverage and reduce Tower companies like OmniAmerica and eration from everyone involved, in- liability when adding to the tower. ATS will aid broadcasters in certaincluding the FCC. The fewer towers New RF emmission standards be- markets, providing turnkey solutions. that need to be built and the fewer delays they encounter, the faster the deadlines can be met. Turtles can slow the process, too In one respect, technology is driving Gary Hess,director of tower operations American Tower Systems (ATS) offers the broadcasting and personal com- a recent example of how environmental regulation can also impact tower munications industries faster than placement: towers can be built and land can be "In the old days, even with AM, you would just buy a piece of farmlandor zoned to accommodate them. Add to swampland and build your tower. Today those areas may bemore difficult to the list LMDS (Local Multipoint Distri- build than if you built it in the middle of the city-because of environmental bution Service), wireless cable and issues, Army Corps of Engineers and endangered species [protectionism]. Right Internet, which will need cell -type tow- now, I'm migrating 14 turtles from a tower site in Florida [WBZT-AM West Palm ers in 492 cities. The auction for those Beach] at a cost of $13,000 because we have to document them, mark them, trap licenses is coming in February. them and relocate them all under the supervision of the Florida Game and Just imagine if the planned 1999- Freshwater Fish Commission." 2000 IBOC digital conversion required additional antennas....

10 12/8/97RBR .-r.v loviakoriuzikimo..11111.1..1 ill"Jal'AL'AiaL'AMMIIIIII-L'AM1111-111_11&"

December 3 RBR Stock Index 1997

11/25 12/3 Net Pct 12/3 11/25 12/3 Net Pct 12/3 Chg ChgVol (00) ChgVol (00)Company Mkt:Symbol Close Close Company Mkt:Symbol Close Close Chg 2774 0:HBCCA 36.750 42.750 6.000 16.33% 1.313 8.44% 93 Heftel Bcg. Ackerley A:AK 15.562 16.875 0.9372.18% 3118 Jacor O:JCOR 43.000 43.937 0.500 0.500 0.0000.00% 0 Alliance Bcg. O:RADO 76.125 76.750 0.6250.82% 3027 2.13% 705 Jeff -Pilot N:JP Am. Radio Sys. N:AFM 49.812 50.875 1.063 0.46% 94 Jones Intercable O:JOINA 13.625 13.687 0.062 7.750 7.375 -0.375-4.84% 214 AMSC 0:SKYC 31.500 30.750 -0.750 -2.38% 129 2.79% 1550 Metro Networks 0:MTNT Belo Corp. N:BLC 49.250 50.625 1.375 3786 N:NYT 57.937 60.375 2.4384.21% 1.000 3.42% 35093 New York Times CBS Corp. N:CBS 29.250 30.250 0.00% 0 News Comm. O:NCOM 1.750 1.750 0.000 18.312 17.125 -1.187-6.48% 1671 CD Radio O:CDRD 4.000 3.750 -0.250 -6.25% 10 3.62% 3236 Pacific R&E A:PXE Ceridian N:CEN 43.187 44.750 1.563 A: PAX 8.562 7.875 -0.687-8.02% 1609 2.250 3.81% 3088 Paxson Commun. Chancellor 0:AMFM 59.000 61.250 4.43% 64 Pulitzer N:PTZ 53.625 56.000 2.375 O:AAHS 3.750 3.500 -0.250-6.67% 333 Childrens Bcg. 17.250 15.562 -1.688 -9.79% 2598 2825 RealNetworks 0:RNWK N:CCU 67.187 68.500 1.313 1.95% Clear Channel 19.562 19.812 0.250 1.28% 0 261 Saga Commun. A:SGA N:CXR 33.250 37.812 4.56213.72% Cox Radio 74.875 77.062 2.187 2.92% 251 245 SEX Bcg. 0:SFXBA O:DGIT 3.562 3.625 0.063 1.77% DG Systems 34.500 36.125 1.6254.71% 1427 1.625 1.73% 11240 Sinclair O:SBGI Disney N:DIS 93.687 95.312 706 Sportsline USA O:SPLN 8.062 7.750 -0.312 -3.87% 45.125 45.000 -0.125-0.28% 288 Emmis Bcg. O:EMMS 0.656 0.0000.00% 0 20 TM Century 0:TMCI 0.656 O:FXCM 1.000 0.937 -0.063-6.30% Faircom 11.000 11.000 0.000 0.00% 69 0.83% 21 Triathlon O:TBCOA Fisher 0:FSCI 121.000 122.000 1.000 N:TRB 55.250 58.500 3.2505.88% 1286 31.000 -0.375-1.20% 532 Tribune Gaylord N:GET 31.375 337 Westwood One O:WONE 30.375 30.000 -0.375 -1.23% 9.062 -0.438-4.61% 3888 Granite O:GBTVK 9.500 7623 WinStar Comm. 0:WCII 26.562 27.937 1.375 5.18% Harr c, Ccrp NHRS 45 937 47.562 1.625 3.54% 3449

Disney sets sail for new theme park Disney (N:DIS)is teaming up with a It Sounds GoodToday, Japanese company, Oriental Land Co. Ltd., to develop a new theme park adjacent to theexistingTokyo What About Tomorrow? Disneyland Park. The new park, to be called Tokyo DisneySea, will be the first Disney park to feature an ocean theme, with openingslated for Fall 2001. Overlooking Tokyo Bay, the new park will be divided into seven "ports of call," including a Mediterranean har- Don't Sign Until bor, a whimsical area styled after Disney's "The Little Mermaid" movie, and an American waterfront. The de- You Talk To Us. velopers are projecting that 1 OM people will visit the new park each year. Here Today. Here Tomorrow Otter earnings Norwest Communications Finance

Otter Tail Power Co.(0: O'ITR),which Karen Dorn (612) 667-0259 owns a radio superduopoly in Fargo NEL MI and a small combo in Minnesota, INNEN reported Q3 revenues up 7.3% to NORWEST $101.9M. Earnings available to com- I.I.III.. mon shareholders rose17.7% to $7.2M.The majority of Otter Tail's To The Nth Degree" revenuesand earningscome from its 01997 Norwest Sank Minnesota, N.A. electric utility business. Equal Opportunity Lender

12/8/97 RBR 11 v v i i I 1 1IV.1 1I 11.x.7 1 1 1131 1/11M 1 I11111:1 I7IL:1111,.e7 1 I1!Ik'131 I IIf11111 -11L -J&'_1111 m

by Jack Messmer Heftel gets NYC FM in $150M cash/swapdeal battled for ten years against a myriad Heftel Broadcasting (O:HBCCA) is fill-mat until closing, which is antici- of other applicants and an obstruc- ing an important gap in its stationpated in February. tionist interim operator (the previous portfolio with a deal to acquirea New Liu's brokered foreign language pro- owner's license had been revoked) York FM, WNWK-FM Newark. NJ, inagramming won't be without a home. before winning the FCC license and cash/swap deal with Arthur Liu'sAs part of the deal, Heftel is signing putting WNWK-FM on the air in 1992. Multicultural Broadcasting. over WPAT-AM. That will give Liu two He couldn't have imagined when that "New York is the only top -ten His- AMs in New York-the other is WKDM- process began just what kind of regu- panic market in which we have notAM-not to mention the $115M cash latory and legal morass he was get- had an FM station," noted Heftel CEO payment. Heftel will retain its Spanish ting into, or that he would eventually Mac Tichenor. News/Talk WADO-AM. bank $100M+ in profits from selling Adding the 105.9 mHz signal, AM sales in the number -one the station. Even better, he doesn't which broadcasts from the EmpireArbitron market are few and far be- have to abandon any of his clients State Building master antenna, will tween. Heftel paid $19.5M for WPAT- who broadcast to New York's diverse give the number -one Spanish radioAM in late 1995 (RBR 11/6/95,p. melting pot of the world's citizens- group a long -sought FM signal in 12), just before radio station prices just migrate them to a different band. the Big Apple, where arch -rival Span- began a meteoric rise. Our sources ish Broadcasting System already has say the AM is being valued at $35M in Sinclair Max-imizes two. this deal, making the total price of the Sinclair Broadcast Group (0:SBGI) is No LMA is planned, so Heftel won't FM $150M. Broker: Rumbaut & Co. growing both its radio and TV groups be launching its new Spanish for- RBRobservation: Arthur Liu with a $255M cash deal to buy Max Media Properties LLC. The deal in- cludes eight radio stations in Norfolk Lee Zapis, President of and Greensboro/Winston-Salem, six Zapis Communications Corporation TV stations and three TV LMAs. Two as -yet -unspecified FMs will be spun- has agreed to transfer the assets of off in Norfolk to comply with Telcom Act ownership limits. Sinclair CEO David Smith's an- WICT-FM, WWSY-FM and WPAO-AM nouncement said the deal is expected to close in the second quarter of Youngstown, Ohio 1998, following approval by the FCC and DOJ. The transaction will be 1( )r financed with bank borrowings. Max Media is headed by Chairman Gene Loving and President John $2,600,000 Trinder. The radio group is headed by Exec. VP Larry Saunders. 10 RBRobservation: According to BIA, the Max Media TV stations had Youngstown Radio Limited Liability Company 1996 revenues of $36.2M and the radio group $16.6M. That would make radio approximately 31% of this deal. However, the TV group includes three Media "Radio's Full Service developing stations, one owned and Financial Specialists" TM two LMAs, so 1997 TV revenues Group, Inc. should be growing faster than radio. Thus, we're estimating the radio por- 5080 Spectrum Drive, Suite 609 East Dallas, TX 75248 (972) 458-9300 tion of the purchase price at $75M.

12 12/8/97RBR Cumulus buying spree continues WBZN-FM. The seller is Peter Haffenreffer's Castle Broadcasting. There seems to be no quenching Cumu- Cumulus previously purchased lus Media's thirst for medium andsmall WTOS-FM in the Bangor market. SOLD!_ market radio stations. Here's the latest update on buys in four markets-Myrtle Texas deal update Beach, Ocean City -Salisbury, Bangor In the Beaumont -Port Arthurmarket, f and Beaumont-Port Arthur. where Cumulus is buying KQHN-AM, Capstar Broadcasting KAYD-AM & FM & KQXY-FM from Partners, Inc., R. Steven Five stations merged in CarolinasPetracom (RBR 11/24, p. 14), we now Cumulus is heading to the beach-know that the price tag is$10.77M. Hicks, Chairman and CEO, / Myrtle Beach-with a series ofdealsThe double duopoly is being spunoff has entered into an to build an $10.3M superduopoly. as ABRY-backed PHIHoldings ac- agreement toacquire Cumulus Media LLC is headed by quires Petracom's TV properties. Richard Weening and Lew Dickey KFSO-FM/KEZL-FM/ Jr. Its operating subsidiary, Cumu- KTHT-FM, Fresno, CA in lus Broadcasting Inc., is headed by Prices revealed... exchange for KRNO-FM/ William Bungeroth and RichardRecent FCC filings have revealed KWNZ-FM/KCBN-AM, Bonick Jr. prices for the following deals: Reno, NV, and additional In one deal, the company will pay *Clear Channel (N:CCU) is paying consideration, for a total $2.3M for WJXY-AM, WJXY-FM & approximately $28.6M for Capstar's WXJY-FM, currently owned by com- (Atlantic Star) WEEX-AM & WODE- value of $27,000,000. panies controlled by Stan Karas. FM Allentown, based on a multipleof In a pair of related deals, Cumulus 13 times 1997 cash flow (RBR 11/24, Elliot B. Evers. will also pay $5M for WSYN-FM and p. 14). Randall E. Jeffery $3M forWDAI-FM. Richard Laughridge Capstar's GulfStar is paying $9M and and Lewis Cromer are current inves- forBigChiefs KTCS-AM & FM Fort tors in the licensees of both, while Barry Smith, AR (RBR 11 / 10, p. 12). Bro- George I. Otwell, Brown is also their partner in owning ker: John Barger Brokers WDAI. Broker: (all Myrtle Beach deals) The Whittle Agency So old it's news again... Beach buy in Maryland Cox Radio (N:CXR) announced last BRIAN E. COBB Another Atlantic beachfront marketweek (12/2) that it had LMA'd three CHARLES E. GIDDENS where Cumulus already owns a Dayton stations, WPTVV-AM, WCLR- 703-827-2727 superduopoly is Ocean City -Salisbury, that FM & WZLR-FM. RBR reported the RANDALL E. JEFFERY MD.It's now adding to LMA deal in its Oct. 13 issue, when RANDALL E. JEFFERY, JR. superduopoly with a $1.3M buy ofthe three were purchased for $6M by 407.295-2572 WJDY-AM & WSBY-FM from Connor Charles Giddens' Xenia Broadcast- Broadcasting, owned by Parker and ELLIOT B. EVERS ing. Cox itself can't buy any addi- 415.391-4877 Susan Connor. Broker: William Shutz tional radio stations in the Dayton market because its parent company, GEORGE I. OTWELL Buying in Bangor 513.769-4477 Far from those beach resort areas, Cox Enterprises, also owns the Day- ton Daily News and the FCC has Cumulus is growing the Bangor, ME RADIO and TELEVISION market with a $6.4M purchase of an repeatedly said no to waiver requests BROKERAGE APPRAISALS existingduopoly-WQCB-FM & in similar situations.

AM & FM & KKYN-AM & FM Plainview, TX RBR's deal digest for $1M. The seller is Radio Music Box Co. The Ackerley Group (A:AK) is buying LC, owned by Michael Fox and Donald KHHO-AM Tacoma as a complement to A. Williams. Broker: Terry Green- Sports KJR-AM Seattle and a south Puget wood, Patrick Communications... Sound signal for broadcasts of Ackerley's Capstar's GulfStar has a $635,000 deal to NBA Seattle SuperSonics. The Seattle add John Bell's KTFS-AM & KTWN-FM Times reported that seller Southwave Wire- as itsfifth and sixth stations in the MEDIA VENTURE less is being paid $2.1M... Russell With- Texarkana market. Broker: Wally PARTNERS ers is adding WSDR-AM, WSSQ-FM & Tucker; John Barger..Peter WZZT-FM Sterling -Morrison, IL to his ra- Arpin's ADD Radio Group is adding WASHINGTON, DC dio group, paying $1.5M to Alex Seith's WARA-AM Attleboro, MA from Merolla ORLANDO CINCINNATI LH&S Communications. Broker: Frank Chiropractic Inc.Broker: Robert SAN FRANCISCO Boyle, Frank Boyle & Co... Dain Maccini & Stephan Sloan, Media Ser- Subject t F.C.C. approval Schult's Texrock Radio is buying KVOP- vices Group

12/8/97 RBR 13 Sold Radio missing outon WOFR-AM & WCHO-FM direct stock market? A growing number of companies are offer- ing direct stock purchase programs, allow- ing small investors to buy shares directly Jorgenson without paying brokers' commissions. Broadcast 110( Brokerage In the December 1issue of Barron's, Charles Carlson (who tracks the plans for Mark Jorgenson Peter Mieuli his investmentnewsletter, DRIP Investor), (813) 926-9260 (408) 996-0496 lists more than 150 US companies that offer direct stock purchase plans-and nearly as Knowledgeable Confidential many foreign companies whose shares trade in the US. Although theplansincur some expense for the companiesinkeep- ing track of numerous small accounts, they have the advantage of adding long-term NF&A buy -and -hold shareholders. Playing the mar- Norman Fischer & Associates, inc. Media Brokerage Appraisals Management Consultants ket for short-term profits through the direct 2201 N. Lamar, Ste. 204 Austin, Texas 78705 (512) 476-9457 programs is virtually impossible, since most www.2i.cominf&a/email: [email protected] require all buy and sell orders to be ex- ecuted on a set day of each month (and some use multi -day price averages). Sound like a good way to invest in some of the hot broadcast stocks in RBR's weekly stock chart (page1 1)? Sorry, Charlie-broadcasters offering the HOLT MEDIA programs are extremely rare. The only radio station group owners listed by APPRAISALS Carlson as offering the direct stock plans are Disney (call 800-948-2222 for sign-up materials) and Tribune Co. (800-924-1490). The only othercompany Providers of Asset Appraisals, Fair Market Value Appraisals, Expert Testimony, and Confidential on the list that has a major involvement in broadcasting is a lender, Finova Brokerage Services to over two thousand clients Group (800-774-4117). since 1967. Customized reports, reasonable fees, RBRobservation:The number of direct stock purchase plans has grown prompt turnaround and assured on -time project delivery to meet specific client needs. six -fold in the past three years. Maybe a few more broadcast companies will join the parade in 1998. 610-264-4040 ART HOLT & CHRIS BORGER Meanwhile, we'll have to investigate investing in Boston Beer. either via the stock (888-266-6780) or a six-pack of Samuel Adams TM (local stores).

Telecom Towers adds 148 construction management company. ATS will pay $32M in cash and 5.3M Telecom Towers LLC, which is partly shares of stock. Since ATS stock is PATRICK owned by Cox Enterprises, is buying being valued at about $5.50 per COMMUNICATIONS the tower site management business share on Wall Street, the total deal of Arch Communications Group value is approximately $61M. (See Station Brokerage (O:APGR) for $40M. The deal includes related story, "Towering Hurdles," 148 towers and management contracts page 6- 1 O.) Debt & Equity Placement at 134 sites in 21 states. Arch is the Fair Market & Asset Appraisals nation's second-largest paging com- Supertower for beer city Expert Witness Testimony pany. Broker: Daniels & Associates After four years of planning, battling Larry Patrick Another stick deal for ATS and negotiating, OmniArnerica was President recently granted final approval for its Susan Patrick Steve Dodge is continuing to build 1,221 foot supertower by Milwaukee's Executive Vice President American Tower Systems (ATS) for Board of Zoning Appeals. Upon Terry Greenwood its early 1998 spin-off as a standalone completion, the tower will host Vice President company when American Radio Sys- Milwaukee's Public DTV and FM an- tems (N:AFM) sells its radio group to tennas. In total, the $7M tower when (410) 740-0250 CBS (N:CBS). Dodge's latest tower completed in late '98 will be able to www.patcomm.com acquisition is Gearon & Co., an At- house 12 DTV, 14 FM and 35 per- lanta -based tower site acquisition and sonal communications antennas.

14 12/8/97 RBR pending to change its city of Broome Jr.). $25K escrow,balance in cash an applioation Transaction Digest license to Highland BeachMD and add at closing. Broker:Snowden & Associates continued from page 16 nighttime service. (Marietta iam Bungeroth, RichardBonick Jr.), a sub- $600,000-WFTD-AM Atlanta Inc. (Nelson $230,000-WSNQ-AM & WMJZ-FM sidiary of Cumulus MediaLLC (Richard GA) from Pneuma Foundation Dove Inc. (David Educational Foun- Gaylord MI from Morning Weening, Lewis Dickey Jr.).$115K escrow, Price et al) to Providence Advertising Inc. II et al). $25K in M. Essmaker) to Darby balance in cash at closing.Superduopoly dation (Landrum P. Leaven balance in Also, the buyer (Kent D. Smith). $5K escrow, with WSYN-FM & WDAI-FM.Broker: The cash at closing, $575K note. 30 minutes of air cash at closing. Whittle Agency must provide Nelson Price time five days per week for solong as he $226,500-* KKNW-AM PortAngeles $1,300,000-WJDY-AM & WSBY-FM remains pastor of RoswellStreet Baptist WA from Q Media LLC(Steve McCormick, Salisbury -Ocean City (SalisburyMD) from Church. LMA since Oct. 15. John Stephens) to RadioPacific Inc. (Terry Connor Broadcasting & Connor FMBroad- $500,000-WAAW-FM Williston SCfrom L. & James R. MacDonald).$25K escrow, casting Co. (J. Parker Connor,Susan C. Duopoly Corp. (Will- Bay Communications Inc.(Robert J. Cole) balance in debt assumptions. Connor) to Cumulus Licensing with KONP-AM Port Angeles.LMA signed iam Bungeroth, Richard BonickJr.), a sub- to Brown Family BroadcastingInc. (LaTonya Oct. 31, but will not take effectuntil this dark (Richard Brown, Deanna Brown Thomas,Larry sidiary of Cumulus Media LLC station returns to the air. Note:11 stations in Weening, Lewis Dickey Jr.). $1.3Min cash Fridie). $30K deposit, balancein cash at market. at closing. Superduopolywith WTGM- closing. LMA since Sept. 1. Note:the terms by James AM, WLVW-FM, WRXS-FM,WQHQ-FM & of the contract are guaranteed $195,000-KASO-AM Minden LA from Brown WLBW-FM. Broker: William Shutz Brown, who is the father of Deanna Cole Broad- LaTonya Brown Charles D. & Pattie C. Odom to Thomas, grandfather of casting Inc. (Gordon & JanCole). $5K $1,050,000-* KATI-FM California MO in Brown Fam- and a non -voting shareholder escrow, $45K (lessescrow) in cash at clos- from CMB II Inc. (Alan Brill), part ofthe Brill ily Broadcasting. ing, $150K note. Media group, to MVP Radio Inc.(David R. & Thomas M. Zimmer), part of theZimmer $400,000-WANN-AM Baltimore (An-$180,000-WVAY-FM Wilmington VT Broadcasting Broadcasting group. $600K escrow, balance napolis MD) from Annapolis (Martin Nations Radio from Rothschild Broadcasting Inc. in cash at closing. Duopoly withKWOS-AM Corp. (Morris H. Blum) to Inc. Tornberg). Rothschild) to Border Broadcasting & KJMO-FM Jefferson City MO.LMA since LLC (James M. Weitzman, Edwin Shapiro). closing. (William D. Goddard, Jeffrey D. Nov. 1. Broker: Media ServicesGroup $40K escrow, balance in cash at $10K escrow, balance in cash at closing. Notes: This sale does not includethe Broker: Media Services Group $700,000-KVJY-AM McAllen - station's real estate, studios,transmitter, Brownsville (Pharr TX) from JulyBroadcast- towers or "vinyl records." Thisstation has ing Inc. (Philip J. Giordano) toVie Dansante Broadcasting Inc. (Ramon Garcia,Fernando $25K es- CLOSED Zee Zepeda, Roberto Gonzalez). crow, balance in cash atclosing. LMA since Oct. 31. Broker: Arturo Palacios $650,000-WZXS-FM Wilmington NCi.--1WICHITA FALLSSUPERDUOPOLY (Topsail Beach NC) from TopsailBroad- casting Inc. (Sidney H. Williams) toJack- sonville -Topsail Radio LLC (HoyleS. APEX BROADCASTING,L.L.C. Bruce Holberg, President HAMMETT & EDISON, INC. has agreed to acquire CONSULTING ENGINEERS RADIO AND TELEVISION KNIN-FM: $2,000,000 Serving the broadcast industry since 1952... KWFS-AM/FM: $1,400,000 Box 280068 San Francisco 94128 KTLT-FM: $1,400,000 707/996-5200 202/396-5200 [email protected] Patrick Communications wasproud to serve HE www.h-e.com as the broker inthis transaction. Auction Sale! 12/17/97 San Francisco -Oakland -Concord Market #4 Full-time 1480 KRHT Minimum bid $1,300,000 cash. PATRICK LCOMMUNICATIONS New pattern covers 3,000,000+ People-city grades into S.F. Call or fax for information: Chester Coleman (410)740-0250, www.patcomm.com American Radio Brokers Inc./SFO Ph: 415-441-3377 or Fax 415-441-3738

15 12/8/97 RBR rigrirriririp-g-irnr rum 1,1 il'.11111J111111 IRMO VERONIS, SUHLER ..Illi1-1s11111111111111111 & ASSOCIATES INC. by Jack Messmer & Dave Seyler The (teals listed below were taken from FCC filings made public during RADIO OUTLOOK] the week from Wednesday, Nov. 26 $6,625,000-*KL1X-AM& KTXY-FM through Tuesday, Dec. 2.RBR's Transaction Digest reports on all deals Jefferson City MO from Central Missouri Veronis, Suhler & Associates forecasts that involve assignment of a station Broadcasting Inc. (Alan Brill), part of the total radio advertising to grow 9.3% Brill Media group, to Zimmer Radio of Mid license (FCC Form 314) and substan- - per year to $18.3 billion in 2001 tial transfers of control of a licensee Missouri inc. (Jerome R., John P., Donald via a stock sale (FCC Form 315), but W. & James L. Zimmer), part of Zimmer Transaction volume is robust: more not internal corporate restructurings Broadcasting group. $2.4M escrow, bal- than $23 billion worth of radio stations (FCC Form 316). All deals are listed in ance in cash at closing. Superduopoly have changed hands in the last 18 descending order of sales price. with KWOS-AM & KJMO-FM Jefferson City months and KCMQ-FM & KCMQ-FM Columbia- $624,000,000--* 18 stations from Boonville MO. LMA since Nov. 1. Broker: Debt and equity financing is readily Media Services Group available Nationwide Mutual Insurance Company (Robert Woodward, vice chair) to Citicasters $5,500,000-* WSBC-AM Chicago from Co. (Randy Michaels), a subsidiary of Jacor w Financial players and public WSBC Broadcasting LLC (Daniel R. Lee) to companies are entering the radio arena Communications (O:JCOR). $30M escrow, WSBC Inc. (Fred Eychaner). $500K es- additional $590M in cash at closing, $3M in crow, balance in cash at closing. Duopoly Valuations for private sale transactions consulting payments to Willard W. Hoyt Sr., with WCFJ-AM. The buyer is seeking a Daniel S. Morris and Ronald P. Woods. are reaching all-time highs waiver from the FCC to acquire WSBC- Transfers existing superduopoly in Phoe- AM and WCFJ-AM in the same market nix, adds to superduopoly and requires Reduction in capital gains tax is likely where Eychaner already owns WPRW-TV to spur additional activity divestiture of two stations in San Diego, (Ch. 50, UPN). Broker: Michael Bergner, transfers existing duopoly in Houston, adds Bergner & Co. to superduopoly in Columbus OH with no There has never been a more appropriate more than eight Jacor-owned stations over- $5,150,000-* WSPA-AM & FM time for radio station owners to consider lapping at any point (10 of the 12 Jacor Greenville -Spartanburg from Spartan their transaction alternatives. stations are within the Columbus Arbitron Communications Inc. (Nick W. Evans) to market), creates superduopoly in Cleve- Sinclair Radio of Greenville Licensee Inc. land, transfers existing duopoly in Dallas- (David Smith), a subsidiary of Sinclair Ft. Worth, remaining stations are a combo in Broadcast Group Inc. (O:SBGI). $5.15M Minneapolis and a standalone FM in Balti- in cash at closing under option acquired more. See RBR 11/3, p. 12-13 for details. from Keymarket of South Carolina. Broker: Gary Stevens, Gary Stevens & Co. Superduopoly with WYRD-AM, WORD- AM & WFBC-FM (above). LMA by $14,975,000-* WTKA-AM, WDEO- Keymarket of South Carolina since 1992. AM, WIQB-FM & WQKL-FM Ann Arbor The buyer is seeking a waiver to acquire (Ann Arbor -Saline MI) from Arbor Radio LP these stations in the same market with (Alan S. Beck) to Cumulus Licensing Corp. WLOS-TV (Ch. 13, ABC) Asheville, NC. CHRISTINE L. BALCIUS (William Bungeroth, Richard Bonick Jr.), a subsidiary of Cumulus Media LLC (Richard $2,600,000-* WPAO-AM, WICT-FM Veronis, Suhler & Associates, the leading Weening, Lewis Dickey Jr.). $750K es- & WWSY-FM Youngstown OH (Farrell- investment bank exclusively serving the crow, balance in cash at closing. Existing Grove City, Sharpsville PA) from Zapis media and communications industry, double duopoly. Broker: Michael Bergner, Communications Corp. (Leon X. Zapis et specializes in helping entrepreneurs and Bergner & Co. al) to Youngstown Radio License LLC, a family -owned businesses to maximize subsidiary of GOCOM Communications value through private sale transactions, $8,400,000-* WYRD-AM, WORD -AM (Richard & Katherine Gorman, Bain Capi- mergers and acquisitions. & WFBC-FM Greenville -Spartanburg from tal). $260K escrow. balance in cash at Keymarket of South Carolina (Kerby Con- closing. Superduopoly with WRTK-AM & To discuss possible initiatives in complete fer) to Sinclair Radio of Greenville Lic- WBBG-FM. Note: GOCOM also LMAs confidence contact: ensee Inc. (David Smith), a subsidiary of WKBN-TV (Ch. 27, CBS) Youngstown and Sinclair Broadcast Group Inc. (O:SBGI). has an option to purchase the station. Bro- Chris Balcius $1M cash, cancellation of $7.4M debt. ker: Star Media Group Superduopoly with WSPA-AM & FM (be- Director for Radio Broadcasting low). The buyer is seeking a waiver to $2,300,000-* WJXY-AM, WJXY-FM (212) 935-4990 acquire these stations in the same market & WXJY-FM Myrtle Beach (Conway- with WLOS-TV (Ch. 13, ABC) Asheville, Georgetown SC) from Carolina Broadcast- VERONIS, SUHLER & ASSOCIATES INC. NC. Note: Includes option to acquire WOLI- ing Inc. & Georgetown Radio Inc. (Stan FM & WOLT-FM for $3M in debt forgive- Karas) to Cumulus Licensing Corp (Will- 350 PARK AVENUE, NEW YORK, NY 10022 ness. Broker: Star Media Group continued on page 15

16 12/8/97 RBR