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.
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…
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.
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…
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…