Broadcasting Telecasting (Jul-Sep 1960)

by John T. Carey to Lincoln Dellar for $427,500. Mr. Dellar is the former owner of KXOA Sacramento and of KCCC-TV there. He is a broadcast consultant in Santa Barbara, Calif., and he and his wife own 75% of KACY Port Hueneme, Calif. KROY operates on 1240 kc with 250 w, and is affiliated with CBS. KROY-FM is 18.2 kw on 102.5 mc. ■ KWIP Merced, Calif.: Sold by Maxwell Hurst and associates to Yosemite Broadcasters for $170,000. Principal owner of Yosemite is Ellsworth Peck, former co-owner of KNGS Hansford and of KGYW (now KNBA) Vallejo, both California. Minority stockholders are Jerry Pero, sales manager of KHSL-TV Chico, Calif., and Brian Loughran, sales manager of KHSL, same city. KWIP is 500 w daytime on 1580 kc. APPROVED ■ The following transfers of station interests were among those approved by the FCC last week (for other commission activities see For The Record, page 98). ■ KODY North Platte, Neb.: Sold by KODY Broadcasting Co. to North Platte Broadcasting Co. for $200,000 and agreement not to compete within 75 miles for five years. North Platte Broadcasting is owned by multiple broadcaster Stuart Investment Co. (KFOR Lincoln, KRGI Grand Island, both Nebraska; KMNS Sioux City, Iowa, and KSAL Salina, Kan.). ■ WMMW Meriden, Conn.: Sold by Silver Crystal Co. to Meriden Radio Inc. for $110,000. Meriden Radio is headed by Ralph N. Weill, and includes Arnold Hartley and Edward Connoly. Same group owns KATZ St. Louis and is buying KCOR San Antonio, Tex. Messrs. Weil and Hartley are former New York broadcasters. Commissioners Robert T. Bartley and Robert E. Lee dissented. ■ WRNY Rome, N.Y.: Sold by WRNY Inc. to Alert Radio Inc. for $90,000 which includes $20,000 for agreement not to compete in radio or tv within 50 mile radius of Rome or Utica, N.Y., for five years. Alert Radio Inc. is headed by Herbert Mendelsohn and includes Edward McMullen, Ernest Field and Louis Beck, all equal owners. Messrs. Mendelsohn and McMullen are employes of WINS New York. New management firm Key Broadcast Management Inc., a new management counselling firm, has opened offices at 565 Fifth Ave., New York. KBM offers advisory services to broadcasters on all phases of management, sales, sales and audience promotion, merchandising, program development, accounting and organizational structure. Ralph N. Weil is president of the organization; Arnold Hartley was elected executive vice president and secretary and Edward Connolly is treasurer. Messrs. Weil and Hartley have been active in broadcasting since the early '30s. They sold WOV New York (now WADO) in August 1959. They and a stockholder group acquired KATZ St. Louis last March and their purchases of KCOR San Antonio, Tex., and WMMW Meridian, Conn., pend FCC approval. Mutual adds 12 Twelve radio stations have joined Mutual in the past three weeks, Charles W. Godwin, MBS stations vice president announced. New affiliates include five stations belonging to Robert E. Ingstad (KEYJ Jamestown, N.D., 1440 kc; KOVC Valley City, N.D., 1490 kc; KEYD Oakes, N.D., 1220 kc; KEYL Long Prairie, Minn., 1440 kc; KBMW Breckenbridge, Minn., 1450 kc.) Other additions to the Mutual list are KMEO Omaha, 660 kc; KWNT Davenport, Iowa, 1580 kc; WOMP Bellaire, Ohio, 1290 kc; WGSA Ephrata. Pa., 1310 kc; WKTL Sheboygan, Wis., 950 kc; WTIV Titusville, Pa., 1290 kc and WCMC Wildwood, N.J., 1230 kc. STATIONS FOR SALE EASTERN TV-VHF STATION IN SOUTH — affiliated with top network. Plont investment approximately three quarters of a million dollars. Current cash throw-off over $300,000.00 annually. National and local sales growing. Total price $2,200,000.00 with terms. On right kind of deal will entertain exchange of stock for listed stock. Hamilton-Landis & Associates, Inc. handling this property exclusively, but are limited in our negotiations to qualified buyers only. Sellers will arrange to meet with authorized officers of other companies interested in discussing exchange of stock transaction. WASHINGTON, D.C. 1737 DE SALES ST., N.W. EXECUTIVE 3-3456 RAY V. HAMILTON JOHN D. STEBBINS MIDWEST Daytime station in city of over 30,000 grossing $7,000-$8,000 monthly can be purchased for $90,000 all cash. Valuable real estate goes with deal. Fulltimer grossing around $90,000 is available for $115,000 with $30,000 down payment. CHICAGO 1714 TRIBUNE TOWER DELAV/ARE 7-2754 RICHARD A. SHAHEEN SOUTHWEST WEST TEXAS DAYTIMER— $90,000.00, $30,000.00 down, liberal terms on balance. Single station market, billing better than $60,000.00 per year. Owner-manager can net $2,500 per month with this one. DALLAS 1511 BRYAN ST. RIVERSIDE 8-1175 DEWITT 'JUDGE' LANDIS WEST Major market West Coast radio station grossing well over $15,000 monthly and making money. Capable of doing much better under new, adequately-financed ownership. Total price $350,000 cash. SAN FRANCISCO 1 1 1 SUTTER ST. EXBROOK 2-5671 JOHN F. HARDESTY Hamilton-Landis & Assoc., INC. NATIONWIDE BROKERS RADIO & TELEVISION STATIONS • NEWSPAPERS NEGOTIATIONS • APPRAISALS • FINANCING BROADCASTING, September 26, 1960 51