Home arrow Home arrow Neuhoff Buys Decatur

In Decatur, Illinois, buyer Geoff Neuhoff says somethign very important to the employees at WDZ, WDZQ, WCZQ, and WSOY -AM/FM - "I can assur eyou this will be the last sale for a very long time." (That's per the Springfield State Journal Register.) Amazingly, Neuhoff Communications is the fourth entity to buy this cluster in the last 2 1/2 years. It's traveled through the hands of NextMedia to Archway, the to North Carolina-based Tom Joyner, and now to second-generation owner Geoff Neuhoff. His dad Roger was a principal of Eastern Broadcasting, and Springfild, Illinois-based Geoff later sold some stations to Capstar - and eventuall bought them back from Clear Channel.   But let's return to Decatur, where seller Tom Joyner (as usual) makes some money on the "sell side." He paid $4.4 million for the five station cluster exactly a year ago.  Now Neuhoff is paying  $5,250,000 for these properties - "Decatur's Hot Talk 1340" WSOY (1-kw fulltime). CHR "Y103" WSOY-FM (a class B at 102.9). "Fox Sports Talk RAdio 1050" Fan WDZ (1-kw days, 254 watts night). Country "95Q" WDZQ (a class B at 95.1). And a station who call laters would make you think it's simulcasting WDZQ, but is actually urban "Hot 105.1" WCZQ, a Class A licensed to Moniticell, IL. Broker- Michael Bergner.  If my records are correct, this is the third time Bergner's made this sale.