The Wichita Eagle from Wichita, Kansas • 6

6 A THE WICHITA EAGLE Thursday June 16 1994 CHANNEL 12 Well pay for your parking IHf'Chawiol 12 will be sold this fall to a In South Carolina for $58 million Here a look at KWCH as is today: lFsaadsdiid53 WIHMIskCBS KWCH-TV I fcys KBS Limited Partnership (since 2989) rreskfente Sandy DiPasquale of Wichita Other properties: KWCH has satellite stations in Hays Dodge City and Good and The stations use KWCH's basic programming but insert local advertising and news Empfoyees: 115 Prospective buyer: Spartan Radiocasting Co Spartanburg SC: Fended: 1947 President Nick Evans Other properties: two radio and five television stations WSRA i and WSPA-TV in Greenville-Spartanburg SC and Asheville WBTW-TV Florence-Myrtle Beach SC WJBP7V Augusta! KIMT-TV Mason City lowa-Rochester Minn Purchase price: $58 million for KWCH (DiPasqualelinCf the station for $41 million in 1989) The Federal Communfcrtion Commisiton must approve pier concludes Participants expect FCC approve! by Nw If you're looking for a guaranteed big yield without a big commitment have we got a parking place for you In todays uncertain rate environment this investment gives you a healthy return without sacrificing financial flexibility So pull into Vlforld today park your money in the perfect CD and enjoy valuable services worth over $150 a year But hurry The meter's running Annual Percentage Yieid 3Afonth Minnie jumbo $10000 Minimum From Page IA Hays Dodge City and Good land Evans said Most KWCH employees work in Wichita but some sell advertising or gather news in the other cities News reports and ads from those markets are inserted into KWCH broadcasts that are transmitted by satellite stations KWCH and the satellite stations are owned by KBS Limited Partnership Sandy DiPasquale of Wichita is president of KBS and general manager of the station The partnership paid $41 million for KWCH just five years ago DiPasquale said happened so fast" he said when asked about his plans HI think my family and I will just take it easy for a little while and get together with some people on Wall Street and go pursue some television acquisitions He hasn't decided which markets he will concentrate on however he ruled out Wichita be leaving the station once the deal is closed Spartan owns five television stations and two radio stations primarily in the Southeast Virtually all its television stations dominate their markets Evans said Three are CBS affiliates two are ABC affiliates The privately held company's revenues in 1992 the most recent year for which figures are available were $45 million Spartan was founded in 1947 by broadcast pioneer Walter Brown who turns 91 next month Brown is chairman His son Tom Watson Brown is vice chairman Spartan's most recent acquisition was in Augusta Ga about 18 months ago The company likes to buy strong stations and make them stronger Evans said It emphasizes news and community involvement he said The company likes Wichita because it's "very he said has a good economic base and low unemployment We believe it will continue to be a growth market It WORLD SAVING Our Strength Is Your Security Tkt Wichita EtfU Federal Communications Commission The FCC requires a public-comment period during which viewers may voice concerns about the transaction Evans and DiPasquale said they expect FCC approval by Nov 1 Spartan chosen a replacement for DiPasquale and he probably will be hard to replace When he arrived in 1989 the station's newscast was ranked No 1 at 6 pm and 10 pm in Wichita but it didn't lead statewide About three years ago KWCH began leading both In the metropolitan area and the state in all newscasts It has dominated both markets in all newscasts since was a very good television station when we bought DiPasquale said The station had been owned since the early 1980s by Ross Beech and Bob Schmidt of Hays he said Billion in Assets Established 1912 has had steady growth since 1991 and 1992 when everyone suffered through the socalled recession has bounced back from that We hope to build on their Evans expects to keep KWCH's affiliation with CBS he said however new terms will be negotiated with the network later this year CBS lost eight affiliates last month to Fox Broadcasting Co Since the Fox raid analysts have been raising their opinions of station values Given the health of the industry today the $58 million price that KBS Limited Partnership is getting for KWCH unreasonable said Paul Sweeney media analyst with Wheat First Butcher It Singer of Richmond Va wouldn't call this the top of the he said are in the midst of a cyclical upturn in advertising which is coming off a very very depressed level in 1992-93 (Fox) deal brought to the forefront the real value inherent in local broadcast Before the KWCH deal can conclude it must be approved by the FDfC Hours Mon-Thurs9-5 Fri 9-6 Sat 9-12 Wichita 6321 Central At Woodlawn St 685-5495 455 West St At Taft St 943-3159 TallgrassCtr 2191 Rock Rd 687-9761 Ml Fqr World savings rates call 24 hours 1800-HOTVRATE APY effective as of date of publication subject to change Personal funds only $90000 maximum Penalty for early withdrawal OS" UmiImU Hggnngn ehubp Alpha-numeric memory stores both names and numbers Includes battery and charger Ultra-thin design i7-imo Phone answerer Don't let Dad miss another important call With remote Btlon rag 4SW 43-752 KIDS 149" Our bett handheld Scratch-pad memory lets you store notes Optional PC interface Electronic lock Battery and charger 17-1061 Set price good diu 81894 only ALL CELLULAR ON SALE! UVEtt llrCOannBI SCWIKT Hear police fire security and more 20000 frequencies ng HIM 20-306 because their parents have abused neglected or abandoned them Eight hundred such children are wards of the state during any given year SRS says And each month scores of those children have birthdays Before now gifts or cards had been sent out sporadically whenever someone made a special donation said Glover who usually chooses the cards and writes personal messages to the birthday kids The latest time the SRS cards came to public notice was in 1991 In me of her first official acts Gov Joan Finney decried by state government citing $175 fMr 500 birthday cards mailed by SRS as an example Stung by the criticism SRS dropped the cards from its budget get Dad the same old tired gift for Day when you can get him something really like At Radio Shack got great gift ideas for the last-minute shopper frmimoblti Perfect for 2-car families Installs in just plug Into car cigarette lighter and strap to seat (17-1021 8ala price good tfmi 61994 only From Page 1A sent pocket calculators and Dr Seuss books that cannot be delivered or returned Sixteenyearold Ana Coons collected donations from her Rainbow Girls group And an anonymous family who said it couldn't give much has sent two $15 checks and fast-food gift certificates as their budget allowed "It's just so much dealing with the outpouring said Betty Glover whose small Topeka office has absorbed a festive clutter of Bap neys and birthday cards "It makes me think Kansas is a great place I think this is one (effort) that just really hit people in their In May SRS asked the public to show that remembers someone cares" enough to send children in the state child-welfare system cards and small gifts on their birthdays The children are in state custody 24" ora Hsstotradto Lightweight AMFM stereo headset for active dads Mg 34se 12-104 Keep in touch in and out of your car with our transportable cellular 3-watt output Bag battery charger 17-1007 SUBSCRIBE TO 29s1 Mobflsnlubr A small price to pay for security I and convenience on the road Includes handsfree mike and mounting hardware 17-1079 II'JS mm 119" Coll 268-6344 1 -800-825-NEWS ir color TV Pocket LCD TV lets Dad taka the show on the go rag 13696 16-164 MUv phona pneaa raqulra nw KHMon and momma Mntaa MimMM Mh Nadn attack (7-nao (Mam 17-1041 ma: tr-wi wa aa 17-1007 aw i7-7a enn omrvad CA MaA In Mora 0 0 INTEREST ft NO PAYMENTS 70 UNTIL SEPTEMBER '84 On appimad Radio Shack VahaPhia account aHt aingto-ttal purchaaa ot or am Odor andi Juna 19 WS4 DaMa bate UVESI Portable CD ptaysr Gat Dad moving with digital Includes Bass Boost and 1-bit DAC rag 149 42-5033 COT 17 5-ln-1 remote Put Dad in control with our preprogrammed universal remote rag 29gg fts-iaoa -'TANDY-: v' T'-'J -r -r-v Vi! ifT V- 4a t' UFIBBSI pnOlM Law It SM NpHsatt Compact styling with touch redial for da desk TERRADACTYL Lightweight performance sandal ideal for trail use or casual wear VISA MASTERCARD AM EXPRESS DISCOVER TowneEMt Square TowaeWeatSqnare MM771 9454844 lone-r or wall rag 3338(43-1001 Lowest Pries Evirl Pirformuci PC with list tool bos truss A ssltwsrs Wromty tastsOed Nobody brings you the best in computing like Radio Shadu 1100 ia optimized for today'i program! and SoundBlaster audio outputs dynamic stereo sound The Tandy 3 rich I ia optimized for sound and Local bus video speeds screen graphics Mister toir Success GUARANTEED! new eeeia ni ywe iweyy iunws as Mp you imtir your PC Iron Wcmoft Windows WoniPKlNt Lota 1-2-1 dMSE Md mon yaw own pace Unit IVmiI Ww Uul Ihdfi Rat Mml Syfvwi Tschnoioey Centers iri pert of ttw Nan Learning CenOw MMworli North America 1 Traidng m3 FaAWAAI tflUCUw uPfflpNIy Purchase! 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