Chaparral to sell three in Hawaii


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.

See the Hawaii Tribune Herald story here.