A Closing Bonanza for Early December


SoldFour major deals have closed. Starting with the highest-dollar deal first, Kalil & Company represented seller Drewry Communications in a $160M deal for television and radio stations. Raycom bought KXXV Waco, Texas; KFDA-KEYU Amarillo, Texas; KSWO Wichita Falls, Texas-Lawton, Okla.; KWAB-KWES Odessa-Midland, Texas: and two radio stations: Spanish-language formatted KTXC(FM) and Amarillo KEYU(FM) in Odessa-Midland.

As part of the sale, Raycom is also buying KAUZ, the CBS affiliate in Wichita Falls, from Hoak Media and selling it to American Spirit, which will enter into a shared services agreement with Raycom. KSWO will provide news, production services, equipment and building space to KAUZ. KSWO and KAUZ had a JS, which was to end at closing.

Kirby Confer and Donald Alt-owned Forever Media closed on their purchase of WGTY(FM), Gettysburg, Pa. from Times and News Publishing Co. for $4.25M. Michael J. Bergner of Bergner & Co.was the exlcusive broker.

Sunrise Broadcasting purchased WBNE(FM) and an FM translator in Wilmington, N.C. from Sea-Comm. The price was $1.85M and George Reed of the Jacksonville office of Media Services Group represented seller Sea-Comm.

James Goodman-owned Capitol Broadcasting sold WILT(FM), Wilmington,, N.C to Bible Broadcasting Network for $300,000 cash at closing. WILT broadcasts at 3,100 watts @ 449’ HAAT on 104.5 MHz. Greg Guy of Patrick Communications brokered the sale.