Listeners don't care about who owns the station. They care about music selection, their favorite air personalities, and how many commercials they have to put up with before getting back to the music.Im thinking new ownership.
Think about this... Why would you go on-air and tell your listeners in the most listened to time of the day that you're promoting ahead of time, "Hey our station is being sold. We don't know what the new owners have planned and maybe we'll be here in three months and maybe we won't". What benefit does that give to the station? Advertisers would stop advertising due to doubts.Im thinking new ownership.
There were a few mentions of it on Eagle's morning show on Wednesday... but mostly along the lines of "there are a bunch of corporate people in suits in the building this morning".Think about this... Why would you go on-air and tell your listeners in the most listened to time of the day that you're promoting ahead of time, "Hey our station is being sold. We don't know what the new owners have planned and maybe we'll be here in three months and maybe we won't". What benefit does that give to the station? Advertisers would stop advertising due to doubts.
Look at the Cox/Radio One announcement earlier this week. A press release was released from corporate not even locally in the later afternoon. Nobody has mentioned it on-air nor will they until maybe the deal is done, but more as an anecdote, hey we're moving to new studios. It make ZERO business sense to do that.
TrueListeners don't care about who owns the station. They care about music selection, their favorite air personalities, and how many commercials they have to put up with before getting back to the music.
Im thinking new ownership.
Kind of reminds me of what happened with WYSY (now WLEY) in Chicago in 1997, actually.Think about this... Why would you go on-air and tell your listeners in the most listened to time of the day that you're promoting ahead of time, "Hey our station is being sold. We don't know what the new owners have planned and maybe we'll be here in three months and maybe we won't". What benefit does that give to the station? Advertisers would stop advertising due to doubts.
OK, so tell us what happened with WYSY (now WLEY) in Chicago in 1997, actually.Kind of reminds me of what happened with WYSY (now WLEY) in Chicago in 1997, actually.
Cumulus won't sell the station....it's EBITDA is higher than any other station in Cumulus's portfolioIm thinking new ownership.
Individual stations in a large group don't really have individual "EBITDA" figures. The do have cash flow figures based on the local cost of operation plus an allocation of corporate expenses, but the "interest, taxes, depreciation and amortization" are generally calculated on a corporate level.Cumulus won't sell the station....it's EBITDA is higher than any other station in Cumulus's portfolio
I wouldn’t be surprised if corporations looked at how individual stations contributed, or did not, to EBITDA of the corporation. I worked in an industry where corporations would look at how locations contributed to EBITDA and if they didn’t they were often eliminated.Individual stations in a large group don't really have individual "EBITDA" figures. The do have cash flow figures based on the local cost of operation plus an allocation of corporate expenses, but the "interest, taxes, depreciation and amortization" are generally calculated on a corporate level.
Of course each station is evaluated individually on costs, revenue and cash flow. That is normal. But in same market cluster, the synergy of the group is also considered.I wouldn’t be surprised if corporations looked at how individual stations contributed, or did not, to EBITDA of the corporation. I worked in an industry where corporations would look at how locations contributed to EBITDA and if they didn’t they were often eliminated.