92.7 Rev

[SomeRadioGuy]

In his bankruptcy filing, Stolz says KREV is worth itself could command "tens of millions of dollars." Methinks Mr. Stolz still lives in the 90s. My guess for KREV alone would be a bit less than 103.3 in Dallas. Maybe $7 million. iHeart just got the 107.9 frequency alone in Sacramento for $6.1 million. So the frequency & facilities in Alameda might be worth $7 million.

I’d probably compare it more to the recent KRTY sale. Both are class A’s, both will be sold sans offices/studios (as mentioned before), both lease tower space, and both cover roughly the same amount of people in different parts of the market.

I’m saying $3-5 million, tops.

What neither of you are factoring in is the pain in the ass Stolz has become and whos gonna wanna deal with that AND has the money? I think that factors into this a little bit too.

 

[TheBigA]

What neither of you are factoring in is the pain in the ass Stolz has become and whos gonna wanna deal with that AND has the money? I think that factors into this a little bit too.

I'm aware of that, and it's one of the side aspects of dealing with a small radio owner. I read a lot about the bad things big corporate radio does, but they would never stoop to the kinds of things that Stolz has done.

 

[fybush]

Not to give away too many brokerage tricks of the trade, but KREV would be a "stick value" sale - no ongoing business coming along with it and no real estate.

There's a pretty stable formula for valuing stick deals, based on a dollar multiple of the population in the 60 dBu contour. $7 million is about twice what the upper end of my stick valuation would be. And of course all the drama around KREV probably skews the actual value downward from what the formula would ordinarily yield. There could also be a downward adjustment because KREV's coverage is only a portion of the full SF Nielsen market.

(None of this should be construed as a formal appraisal or valuation, of course.)

 

[TheBigA]

KREV would be a "stick value" sale - no ongoing business coming along with it and no real estate.

You don't think an auction value (which is what they're demanding in bankruptcy court) would be higher than stick value?

 

[davideduardo]

I’d probably compare it more to the recent KRTY sale. Both are class A’s, both will be sold sans offices/studios (as mentioned before), both lease tower space, and both cover roughly the same amount of people in different parts of the market.

But the San Jose station covers nearly all of an actual real market... even if it is a subset, an embedded market in the larger SF one. The SF station is simply limited. It does not cover an actual rated market well and there is no subset for what it does cover

I’m saying $3-5 million, tops.

It's best used for an ethnic format that exists well concentrated in the coverage area.

An example of this kind of use is Stevie Wonder's LA Class A station which has coverage of over 80% of the LA Black population and all of the LA HDHA areas.

 

[fybush]

You don't think an auction value (which is what they're demanding in bankruptcy court) would be higher than stick value?

You need a willing buyer for a successful auction. The pool of buyers willing to go significantly above market value in an auction is probably going to be close to nil. It's easier to walk away than to overpay.

 

[david]

And in Judaism, life does not begin until the actual birth.
It is because of those differing beliefs that all these laws about abortion are little more than forcing one set of values onto those who do not agree with their underlying principles.
...

* David E believes humanity begins shortly after a fetus has a heartbeat
* Others believe it begins when a fetus can survive outside the womb
* K.M. shared how others believe it begins at birth

America's concept of freedom of religion means that one group's beliefs shouldn't prescribe how others, who hold different beliefs, should orchestrate their decisions. Individuals possessing 'morals and beliefs' that life begins prior to birth can certainly uphold that belief for their own actions (including defining which trimester they feel comfortable about); but they should not be imposing their 'beliefs' to dictate the actions of others.
It is what is so frustrating about the VCY type of broadcasting. They don't seek to discuss or relate; they seek to convert and to mandate.

 

[K.M. Richards]

America's concept of freedom of religion means that one group's beliefs shouldn't prescribe how others, who hold different beliefs, should orchestrate their decisions. Individuals possessing 'morals and beliefs' that life begins prior to birth can certainly uphold that belief for their own actions (including defining which trimester they feel comfortable about); but they should not be imposing their 'beliefs' to dictate the actions of others.
It is what is so frustrating about the VCY type of broadcasting. They don't seek to discuss or relate; they seek to convert and to mandate.

And that is the real problem our democracy faces. Too many factions trying to remove freedom of choice in favor of their own views being the law of the land. Broadcasters such as VCY contribute to that.

 

[K.M. Richards]

You don't think an auction value (which is what they're demanding in bankruptcy court) would be higher than stick value?

You need a willing buyer for a successful auction. The pool of buyers willing to go significantly above market value in an auction is probably going to be close to nil. It's easier to walk away than to overpay.

But the San Jose station covers nearly all of an actual real market... even if it is a subset, an embedded market in the larger SF one. The SF station is simply limited. It does not cover an actual rated market well and there is no subset for what it does cover

It's best used for an ethnic format that exists well concentrated in the coverage area.

An example of this kind of use is Stevie Wonder's LA Class A station which has coverage of over 80% of the LA Black population and all of the LA HDHA areas.

That's the answer!

Stevie Wonder should buy KREV while he can do so cheaply, and program it similarly to KJLH.

 

[Identnut]

That's the answer!

Stevie Wonder should buy KREV while he can do so cheaply, and program it similarly to KJLH.

But does KREV cover African-American areas well, like Oakland and Marin City?

And covering large African-American areas doesn't equal success. WNBM in New York, which covers the Bronx, comes to mind.

 

[KilowattKat]

Another possible suitor for KREV, would be the Silicon Valley Asian Media Group (owner of KSJO), they have the money, and read an article at the time they bought KSJO, that they would like to purchase additional stations, and expand Asian radio programming. This would give better coverage of the Bay Area for Bolly 92.3 (a plus having the signals close to each other), or do a separate Asian format .

 

[K.M. Richards]

But does KREV cover African-American areas well, like Oakland and Marin City?

Extremely well. Here's a zoom in of the Radio-Locator map showing the primary service contour with more city detail.



Oakland is pretty much a straight shot across the bay from the transmitter site.

 

[KyleSmith1988]

I remember hearing KREV on the Dumbarton Bridge coming from Palo Alto when it was still a dance/EDM station. Plenty of line of sight...Weak but listenable there. But going up 280 I barely heard it in San Bruno and into Daly City only a few miles away (perhaps signal was blocked by San Bruno Mountain)

I guess KTOM prevents them from moving any further south, still lots of potential in the city of SF, as it is stronger than a translator. Maybe moving to the Sutro tower / San Bruno even at reduced power would help a bit (not sure if they can)...Focusing on just SF and/or Oakland.

 

[seattlesarchiebunker]

Random question: where was the transmitter site back in the KJAZ days?

I coulda swore for awhile they were on Sutro but they moved back to their current site. Perhaps I’m hallucinating, though.

 

[K.M. Richards]

You need a willing buyer for a successful auction. The pool of buyers willing to go significantly above market value in an auction is probably going to be close to nil. It's easier to walk away than to overpay.

That noted, I know of at least one party, which owns stations in several markets, that is watching this play out and would be inclined to participate in an auction for KREV if one eventually takes place.

 

[K.M. Richards]

Random question: where was the transmitter site back in the KJAZ days?

I coulda swore for awhile they were on Sutro but they moved back to their current site. Perhaps I’m hallucinating, though.

I did a little digging and found nothing to suggest they were ever anywhere but Russian Hill. I even found a discussion in Google's Usenet archives from when the sale of KJAZ was announced in 1994 which included a discussion of the signal's limitations and there was no mention of it ever having moved. (I would think that if there had been a move back and forth to Sutro, there would have been some kind of discussion of the difference in signal.)

 

[Signal Geek]

I did a little digging and found nothing to suggest they were ever anywhere but Russian Hill.

I might be hallucinnating too, but I remember a comment on this board that they briefly moved to the Sutro Tower -- but the wattage from that site had to be so low, it just gave them a poor signal everywhere.

 

[K.M. Richards]

I might be hallucinnating too, but I remember a comment on this board that they briefly moved to the Sutro Tower -- but the wattage from that site had to be so low, it just gave them a poor signal everywhere.

Well, I just did a search of all threads on "KJAZ" and nothing like that came up.

Of course, the call letters were changed in early 1995 (to KZSF) and underwent four more changes between then and Stolz changing them to KREV in 2009, and the first couple of changes came before any of the predecessor message boards to this one, so there might have been some discussion here under one of the subsequent calls.

But under the KJAZ calls, nothing found in a search of Broadcasting over its entire history other than the 1966 increase in antenna height to 370 feet and ERP to 1.85kw, which did not include a change of transmitter site. And the Sutro tower wasn't operational until 1973 anyway ...

 

[Ryan Williams]

Back in 2006 they filed a License Application for an ERP for 510 watts from Sutro, but it was dismissed and I am not clear why. The corresponding imported letter doesn't match. You can see the map here though...

https://fccdata.org/?lang=en&appid=1073614&facid=36029

 

[PTBoardOp94]

There definitely was a construction permit for KREV at Sutro Tower, when it was known as KNGY at 380 ft AGL with 500 watts ERP. It looks like Stolz nixed that when he acquired the station, in favor of its current location near Candlestick Point.