This is a very sad light at the end of a very dark tunnel.
The problem with this station and all the other former ABC stations goes back to Disney ownership 20 years ago. This is not a recent problem, and longtime listeners know it.
This is a very sad light at the end of a very dark tunnel.
True, but the rampant mismanagement at Cumulus (doing nothing to help this also-ran station for years while assuming and running up debt) finally killed the patient. Cumulus did little to nothing to fix the properties that needed it - WPLJ is a prime example. Blink/Fresh/WNEW-FM was a basket case for years, but CBS put some effort into finding a workable format.The problem with this station and all the other former ABC stations goes back to Disney ownership 20 years ago. This is not a recent problem, and longtime listeners know it.
Blink/Fresh/WNEW-FM was a basket case for years, but CBS put some effort into finding a workable format.
So now the station will have a new owners who will change the format to something that's not duplicated in the market.
Had Cumulus fixed PLJ (what competent owners do), they wouldn't have had to forgo the revenue. Cumulus' debt, of course, is still an issue either way.
After 20 years and three different owners (plus lots of staff changes) it's obvious that there would be no real "fix" to the station. It needed to be blown up, which is what's happening now. It has nothing to do with debt. This was not a problem that could be fixed with money.
Yep. Cumulus gets the cash they need and it's one less commercial station to compete in the market for a dwindling revenue pie, so its win-win for radio operators. But Cumulus loses the revenue and the listeners lose a mainstream outlet. Had Cumulus fixed PLJ (what competent owners do), they wouldn't have had to forgo the revenue. Cumulus' debt, of course, is still an issue either way.
The debt is the reason they sold WPLJ to EMF - the quick cash fix.
fixing PLJ, IMHO, would have needed WHOLE new air talent.
Huh? How do you fix a problem station, with magic? Of course it costs money. But it also requires a business strategy other than "leave it be and bleed it dry." Blowing up PLJ was one of the fix options Cumulus had. Cumulus has fixed stations - WRQX and WMAL in DC come to mind (though they also screwed up RQX first). Companies inherit and fix problem stations all the time. However, Cumulus did not. The debt is the reason they sold WPLJ to EMF - the quick cash fix.
The begining of the end for me was 2010.
2000-2010 was their best years of morning radio ever IMHO.
I didn't last more than 2 months into the todd show....and by then i jumped ship full time to cbs.
Had Cumulus fixed PLJ (what competent owners do), they wouldn't have had to forgo the revenue. Cumulus' debt, of course, is still an issue either way.
K-Love is also on 95.5 here in the Providence area.
You're spreading yourself too thin on these forums - apples and oranges. As David has mentioned, iHeart has a dominant cluster in NYC. They also still have over twice as much debt as Cumulus, so they may be selling somewhere eventually, but not NYC. Plus, iHeart has fixed their problem stations, unlike Cumulus in this case.So iHeart is also going through bankruptcy. Using your logic, which NY stations are they going to sell?
They kept better-billing WMAL (at least for now). Perhaps they'll make swap deals that value the stations better in the future, rather than taking cash at a bargain basement price for markets where they have few properties.Yes Cumulus fixed WRQX, and then they sold it. So fixing a station doesn't mean they keep them.
As David has mentioned, iHeart has a dominant cluster in NYC. They also still have over twice as much debt as Cumulus, so they may be selling somewhere eventually, but not NYC. Plus, iHeart has fixed their problem stations, unlike Cumulus in this case.
Is there is a chance to save WPLJ and have it sold to another owner before EMF flips the switch?