Two more transactions announced

Media Services Group has announced a couple of transactions. Though small deals, they provide evidence that the deal market is slowly but surely coming back to life.

1) Fort Wayne, IN Area FM Station Is Sold

Godwin-Starkes Property Management, LLC, an Indiana limited liability company has agreed to purchase the assets of WNUY-FM licensed to Bluffton, IN from Independence Media of Indiana, LLC, a Delaware limited liability company and IM IN Licenses, LLC, an Delaware limited liability company. Godwin-Starkes Property Management, LLC through an affiliated company, owns WQSW-LP Fort Wayne, IN.

The purchase price is $350,000.

Bob Heymann of the Chicago office of Media Services Group and Stephan Sloan of
Media Services Group’s Providence office served as the exclusive brokers representing the seller in this transaction.

2) Tennessee Temple University has agreed to purchase the assets of Radio Station WUUS (AM), licensed to Rossville, GA (serving Chattanooga, Tennessee), from 3 Daughters Media, Inc. for $175,000.

Eddie Esserman of Media Services Group’s St. Simons Island, GA, office represented Tennessee Temple University in this transaction.

Both transactions are subject to FCC approval.

Congratulations to Bob, Stephan and Eddie on getting deals done in a tough financing environment!

George
Media Services Group

Meet the Media Services Group partners: Bob Heymann

Bob Heymann is a hard core Tar Heel fan. He is also a darn good broker.

Highlighting my partners on the occasion of MSG's 20th anniversary, I would like to focus on Bob, who runs our Chicago office. Prior to opening that office, Bob spent 24 years brokering radio and TV stations from coast to coast with a total aggregate value in excess of $500,000,000.

A few of his record setting transactions include:

•Sale of WNIB-FM (now WDRV) Chicago for $165,000,000
•Sale of WPNT-FM (now WILV) Chicago for $75,000,000
•Sale of KOMA AM&FM Oklahoma City for $54,000,000

Among his other business enterprises, Bob was co-founder and chairman of the nation’s first broadband cable system and chairman of the largest telecom information company partnered with Pacific Bell (now AT&T).

Prior to beginning his brokerage practice, Bob managed KQAK San Francisco and previous to that, he held management positions and consulting relationships with some of the largest broadcasters in America including NBC, CBS, and Evergreen Media.

Bob got into broadcasting early (becoming interested at 14 years old!) and was one of the youngest people ever to receive a First Class Radio Telephone Operator License from the FCC.

Bob has a B.S. degree from the Kenan-Flagler School of Business at his beloved University of North Carolina. He regularly makes the trek to Chapel Hill to attend ballgames. Go Heels!

George