Silent Hawaiian trio sold out of Chapter 7


Jerrold Lundquist’s Chaparral Broadcasting Inc. already has a foothold in the Hawaiian Islands with an FM on Maui. Chaparral now has a deal to add two more unrated markets on a second island, but it will have to restore the stations to good working order.

The stations are KIPA-AM and KHBC-FM Hilo and KHWI-FM Holualoa, all on the Big Island of Hawaii from which the entire state takes its name. The big island in terms of radio markets remains Oahu, however, where Honolulu is located.

The seller is Gary L. Rainsden, Chapter 7 Trustee. The former licensee was Parrott Broadcasting LP. All three stations are listed by the FCC as licensed but silent, and are being sold on an “as is where is” basis.

According to Greg Merrill and Tom McKinley of Media Services Group, the price is $350K, with $16.5K placed in escrow and the rest due at closing.

The Hilo stations are on the east side of the Big Island, and the Holualoa station is on the west. The broadcast specs are as follows:

* KIPA-AM is a Class B on 1060 kHz with 5 kW-U, ND
* KHBC-FM is a Class C3 on 92.7 MHz with 7.5 kW @ -256’
* KHWI-FM is a Class C1 on 92.1 MHz with 4.5 kW @ 3,114’

Chaparral’s Maui station is KLZY-FM Honokaa, a C2 on 102.9 MHz with 2.5 kW @ 2,306’.