Second $1M installment payment due today on the SBS purchase of KROI. Four more to go.
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SBS Buys KROI for $7.5 million
- Thread starter davideduardo
- Start date
If they walk, I will buy it. Lock, stock and toolbox for the same price. But they ain't gonna tell me what to do with it...
D
Deleted member 108832
Guest
You could've had KTHT for less than half the price. 🤷♂️If they walk, I will buy it. Lock, stock and toolbox for the same price. But they ain't gonna tell me what to do with it...
I want a signal that can be heard in most of the city it serves without a coat hanger on the end of my radio antenna...
Hey now, KTHT had an impeccable signal…
…in Cleveland, Splendora, and Livingston. Where it was the only station that came up on seek. 😂
If the SBS sale falls through you might see KROI going for $3-4M.
I believe the tower alone cost over $1 million. Is it part of the deal, or was it sold to a vertical real estate company for management?
A search of KROI’s antenna registration number shows Vertical Bridge as the tower owner.
Astros2023
Banned
I beleive the Tower is not part of deal. Only studio equipment ,tower equipment and license.
Reminds me of that saying, "if you don't like the weather wait 5 minutes." If you don't like the price, wait 5 months.
Thread bump: SBS settles with Voz Media over the TV asset sale failure. This should help SBS make the remaining payments on its acquisition of KROI. Next installment due March 29.
radioinsight.com
SBS Reaches Financial Settlement With VOZ Media Following TV Sale Collapse
Spanish Broadcasting Systems has reached a multimillion dollar out-of-court settlement with VOZ Media after VOZ defaulted on its $64 million
radioinsight.com
If the settlement is substantial, and with their cashflow, SBS should be in a position to close on this acquisition now.Thread bump: SBS settles with Voz Media over the TV asset sale failure. This should help SBS make the remaining payments on its acquisition of KROI. Next installment due March 29.
SBS Reaches Financial Settlement With VOZ Media Following TV Sale Collapse
Spanish Broadcasting Systems has reached a multimillion dollar out-of-court settlement with VOZ Media after VOZ defaulted on its $64 million
Of course that would depend on when VOZ actually has to fork over the cash. It’s possible they would be on a payment schedule, just like SBS is doing for the KROI deal.
Still assuming a July 1 closing for 92.1 with a format flip shortly afterwards, if not the same day.
July 4 is a common date for format flips, albeit not a particularly fitting one for Regional Mexican!
Probably the best idea for a July 4 format flip was WTOK in Puerto Rico, where they switched to mostly American English-language CHR! I wonder if any stations switched to country on a 4th of July.
WLEY flipped to RM on July 4th.
Only two in my database:
KWEN/Tulsa flipped to Country on July 4, 1981
KATC/Colorado Springs on July 1, 2006 (July 4th weekend)
Actually, it was still WYSY-FM then (I recorded the ID given in Spanish), and there were two flips: one April 14, 1997* at noon when the oldies format gave way to the engineer's collection of CDs, a/k/a "Bill's Format", a stunt that got some notice, and then July 4, 1997, when the regional Mexican format started.
(* SBS actually took over a couple of days before that.)
Third installment payment of $1M due today on the SBS purchase of KROI. Assuming scheduled payments have been made, $3.9M of the $7.5M sale price has now been paid down, with three more installments left.
RO/SST will have to file a second Extension of Consummation request with the FCC by April 9 to push past the planned July 1 closing date.
Likely three months away from a new format on 92.1.
RO/SST will have to file a second Extension of Consummation request with the FCC by April 9 to push past the planned July 1 closing date.
Likely three months away from a new format on 92.1.