Transactions: 11-23-09
$5K AM CP Casa Grande AZ from Everything Groundwave (Jennifer Beckman, Douglas Nelson) to Dallas Ingemunson. Cash. Buyer requests eligible entity CP extension. Duopoly...
Sluggish pace for station trading
The third week of November is on the books, and it continues a pattern of very slow trading that has been in effect all...
Transactions: 11-19-09
$115K KTUG-FM Hudson WY from Kona Coast Radio LLC (Victor A. Michael Jr.) to Higher Calling Communications Inc. (Shane Haynes, Kevin Tippets). $20K escrow...
Hudson FM finds a Higher Calling
Newly-minted KTUG-FM in Hudson WY is getting a new owner. The station is headed from Victor A. Michael Jr.’s Kona Coast Radio to Higher...
Looking for top billing in Billings
Connoisseur Media is doing something we haven’t seen much of for quite some time – it’s striking a good old-fashioned Telecom 1996 consolidation deal...
Transactions: 11-18-09
$425K WDYT-AM Charlotte-Gastonia NC-Rock Hill SC (Kings Mountain NC) from CRN Communications LLC (Danny Fontana) to Iglesia Nueva Vida of High Point (Javier Fernandez...
Close encounter in San Jose
The agreement sending KLOK-AM San Jose CA from Univision Radio Inc. to Principle Broadcasting Network is officially a done deal. According to brokerage Kalil...
Hispanic religious group expands in NC
Javier Fernandez’s Iglesia Nueva Vida of High Point bought its first AM station last year, in the Greensboro-Winston Salem-High Point NC market. Now it’s...
Transactions: 11-17-09
$350K KQAM-AM Wichita KS from Radio Disney Group LLC (Drew Korzeniewski) to Steckline Communications Inc. (Gregory R. Steckline). $10K escrow, balance in cash at...
Steckline buys a piece of the Mouse
Radio Disney Group is spinning off its Wichita KS station, KQAM-AM. It’s headed into a duopoly pairing under the tender loving care of Steckline...
Principle to buy KCNL-FM San Jose
Principle Broadcasting Network has signed an Asset Purchase Agreement to acquire KCNL-FM in San Jose, California from The Aloha Station Trust, LLC. Principle specializes...
Close encounter in Tatum
The deal sending KXAL-FM in Tatum TX from William Waller to Chalk Hill Communications is officially closed. This will be the only station for...
Transactions: 11-16-09
$80K WAMS-AM Dover DE from WXXY Broadcasting Inc. (Vincent Klepac) to K-5 Communications LLC (Vincent Klepac, and family). Debt assumption.
$27K WDNT-AM Dayton TN...
Klepac clan dives into Dover
The K-5 in K-5 Communications LLC does not refer to the typical range of grades in a standard public elementary school – if refers...
Analyst sees M&A activity in 2010
Crystal ball readers at Ernst & Young’s Transaction Advisory Services say that as many as 33% of global players may be looking at strengthening their company via the merger and acquisition route