Resonate Hawaii, a Kailua-Kona, Hawaii-based company is seeking to purchase three Hawaii stations from Chaparral Broadcasting of Jackson, WY. Resonate, lead by managing member Dan Deeb, filed an application to acquire two Hilo, HA-based KHBC-FM, KIPA-AM and Kona-based KHWI-FM from Chaparral.
The price of the deal is $500,000 — with $50K in the form of an escrow deposit held by brokerage of record Kozacko Media Services, an additional cash payment of $250K at closing and a $200K note. Chaparral paid $350,000 for the stations in November 2011.
Deeb owns 49% of Resonate’s assets while an Australian member claiming U.S. citizenship and an Austrian trust not claiming U.S. citizenship each owns 20%, reports the Hawaii Tribune Herald. A California-based member owns 1% of the assets, according to the application.
Deeb is also general manager of Mahalo Broadcasting, which operates East Hawaii FM stations KBGX, KKOA and AM station KHNU.