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Article: ChangingHands.(TV and radio broadcasting sales)(Brief Article)

Article from:
Broadcasting & Cable
Article date:
September 3, 2001
Copyright

TVs

WFXU (TV) Live Oak/Tallahassee, Fla./Thomasville, Ga.

Price: $250,914

Buyer: Pegasus Communications Corp., Bela Cynwyd, Pa. (Marshall W. Pagon, president/owner); owns/is buying seven other TVs; has LMAs with four more.

Note: Pegasus has option to acquire all of seller's TVs; Pagan's mother is married to chairman of seller

Seller: KB Prime Media LLC, Gladwyne, Pa. (Guyon W. Turner, president/20% owner); owns three TVs

Facilities: Ch. 49,2,500 kW visual, ant. 443 ft.

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