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AIR AMERICA PHOENIX SOLD

Written by Subject: Media: Radio
Thursday, Oct. 13, 2005

James Crystal Enterprises Sells Trio Of AMs To Communicom

Communicom Broadcasting, the owners of Religious WLNO/New Orleans, have purchased Religious WLVJ/West Palm Beach-Miami and two AMs in Phoenix — Talker KXXT (Air America Phoenix) and Religious KXEG — from James Crystal Enterprises for $20 million in cash.

The deal marks a return to multiple-station ownership for Communicom, which at one time owned religious stations in such markets as New York, Philadelphia, Boston and San Antonio. James Crystal will continue to own and operate WDJA, WFTL, WJBW & WJNA/West Palm Beach, in addition to KNIF/Roswell, NM. John Pierce served as the exclusive broker in the Communicom deal.

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Wednesday, Oct. 12, 2005

Arizona, Florida

KXEG-AM/Phoenix and KXXT-AM/Tolleson (Phoenix), AZ and WLVJ-AM/Boynton Beach (West Palm Beach), FL

PRICE:

$20 million

TERMS:

Terms unavailable

BUYER:

Communicom, headed by VP Karl DiMari. Phone: 303-759-8481

It owns one other station: WLNO/New Orleans.

SELLER:

James Crystal Enterprises, headed by President Jim Hilliard. Phone: 954-315-1515

FREQUENCY:

1280 kHz; 1010 kHz; 1040 kHz

POWER:

3kw day/49 watts night; 15kw day/250 watts night; 25kw day/1kw night

FORMAT:

Religious; News/Talk; Religious

BROKER:

John Pierce of John Pierce & Company LLC

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