PCS Electronics product descriptions are © PCS Electronics, who are solely responsible for their contentWhen banks own radio stations
Which will apparently be quite soon!
Those leveraged buy-outs that drove massive consolidation seem to have come back on the financiers with a vengence.
Read about that here: When Banks Take Control of Radio, By Jerry Del Colliano
So, wanna buy a radio station? Banks are numbers driven and love cash - with the consolidators out of the picture, a small station with limited resale potential could be an easy buy in a few months.
No, we'll never get a crack at an urban blow-torch, but a rural AM with restricted night power and a horrible P&L could proabaly be plucked from the portfolio for a bit of ready cash...
Comments
Inspiration
A banker at my bank almost hired me to transfer an 8mm tape to a DVD, but he disappeared and is either laid off or transferred. But here's my inspiration.
If you ask your banker whether the bank owns a radio station, if the answer is "yes," let him know you just happen to be a radio manager (you manage a Part 15 station!). Maybe you can go to work for your bank.
Carl Blare
Early signs of the big sell off to come?
According to a recent blurb in the famous and well connected DCRTV
"Radio Disney Sells VA Outlet - 1/26 - That Radio Disney outlet you can often hear in the DC area on 1650 AM, WHKT from the Norfolk area, has been sold for $350,000 to a group that will probably flip it to religion. Disney paid $1,075,000 for the stronger 1650 and a nearby weaker AMer back in 2002. Ouch..."
If an AM station in one of the most expensive media markets in the nation is selling for a third of its recent purchase price, well, keep your eyes peeled, folks, the "for sale" signs might be going up around the country...
Experimental broadcasting for a better tomorrow!
More Radio Disney stations up for sale
From Inside Radio
"Disney is erasing any doubts it plans to sell more Radio Disney owned-and-operated stations. In a series of FCC filings, it alerts the agency it is taking five stations off the air while it moves forward with their sale."
mediaservicesgroup.com has been a broker for Disney in the past and currently has quite a few listings...
Experimental broadcasting for a better tomorrow!