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Good Karma To Lease 880; WCBS News Programming To End

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Those stations are WKVI, WGL and WXIS.


Apparently there are all-news stations that are managed by local interests and they are not tied to Audacy as of August 2024.
I love learning about these little all-news stations. There's one here, Alfred 107.3, all local news in a town of 9,000: This is Alfred
 
Every deal is different. Just because something is "unaffordable" at one time doesn't mean one side or the other can't change the terms the next time. That's how negotiations work.
Or more likely it was upper management at Entercom ignoring any advice from the old CBS guard and only thinking about the shiny stuff. With the local management predictably taking the fall.
They may be different company names, but Chris Olivero has been there since the CBS Radio days, so he knows the situation under both ownerships. Same with Mark Chernoff, a 30-year veteran who just retired in 2021. The NY cluster was basically kept intact from CBS Radio.
But run by David Field, who asserted himself as The Smartest Man in The Room and wasted no opportunity to trash and bash upper management at CBS. Nothing was ever his fault.

And look where that attitude got him.
Good idea, given they're responsible for $125 million in revenues. Anything else?
Let's check in on that number next year after forfeiting the numbers from WCBS. Because it ain't going to be $125M ever again. $100M? Sure. $110M? Maybe. But certainly not $125M.
 
Or more likely it was upper management at Entercom ignoring any advice from the old CBS guard and only thinking about the shiny stuff. With the local management predictably taking the fall.

Once again, where are you coming up with this? Why would a Philadelphia Phillies fan named David Field want to lose money on the Mets? Makes no sense. Go back to Ohio.
 
I'm not aware of prices being public. You can see the Time Brokerage Agreement between ESPN and Emmis if you look in the WEPN Online Public Inspection File, but the schedule with the financials is not included.

I know that when a sale is filed with the FCC, you can see the terms of an LMA in the Asset Purchase Agreement in most cases. However, an LMA or TBA doesn't have to be filed with the FCC for approval. I don't know where else you would find those types of contracts made available unless it was required by stockholder agreements or the like.
 
I'm not aware of prices being public. You can see the Time Brokerage Agreement between ESPN and Emmis if you look in the WEPN Online Public Inspection File, but the schedule with the financials is not included.

LMA's are usually redacted when filed with the FCC. However, given that Audacy is still going through Chapter 11, the LMA should become available to the public through filing with the Bankruptcy Court.
 
LMA's are usually redacted when filed with the FCC. However, given that Audacy is still going through Chapter 11, the LMA should become available to the public through filing with the Bankruptcy Court.
I have seen them in the filings when the LMA fees are used as part of the total purchase price.
 
Point of fact: The phrase "armchair quarterback" and your derivative above are defined within the industry as people outside of the business who think they know more than those in it.

TheBigA, David, Scott Fybush, myself, and certain others do not deserve to be called by that term, because we are not outsiders.

What you interpret as "celebrating" is simply our explaining what has happened at 880 based on years of watching the industry change. If you don't like it, that's fine. You are entitled to your opinions. But PLEASE, no more name calling.

I appreciate the expertise of insiders on this board. Always have and I've been here for 21 years. Unfortunately, this smacks of gatekeeping the conversation.

As I mentioned up thread - I don't work in radio. But I have a great business career. I do revenue numbers all day every day. This is my domain area. I'm adding my expertise to the conversation and drilling down on some of the assertions made here.

I don't feel like I should have to defer because I didn't pursue a radio career to posters that can't logic their way through the implications of their statements.
 
I've heard of it, and EBay at one time had a Buy It Now offering for 10 old issues of that paper for (IIRC) $45; I should have taken them up on it, because I never got to see what that failed paper was like (all that's left now is single issues and memorabilia; I'm a vintage newspaper collector, BTW).
I have the first issue. It was a tabloid. Its big selling point was having the daily TV schedules on the center page of the tabloid that could be pulled out.

Ingersoll really misread the market. I think he let his political views override common sense. Yes, the Post had a liberal editorial page, and was very much part of the St. Louis Establishment, but its news coverage was solid, as was its sports coverage. The Post also adopted color-capable technologies way before most other newspapers, and, by the 1980s, had a classic yet attractive layout. It had a lot going for it.
 
For those wondering where CBS News On the Hour goes after WCBS flips into WHSQ 880 ESPN New York. They go to Audacy app as an all news feed for national news. At this point I don't know if Paramount cares about who get the CBS Radio News affiliation at on the local level at this point given that Paramount itself is currently focused on protecting the flagship app Paramount+ as we seen in how they eliminated channel numbers off the local TV CBS O&O's like KPIX5 San Francisco is now known as CBS News Bay Area as part of a ploy to boost attention to the CBS News and Paramount+ apps on the TV side. Also Paramount itself has paid attention to how Newer TV's emphasize on wifi signals and apps given their situation.
Mentioning what Paramount Global is doing at the CBS-owned TVs is irrelevant to this discussion.

PG manages CBS News Radio but takes no active role in distribution. That task belongs to Skyview Networks, and it will be up to them to find a new home for the network in Market One.
 
CBS News Radio is not as good as it used to be. Now it's sloppy at times. The intro has a sponsor on it. Sometimes it has reverb (Likely from WINS) I used to consider it the best. I can see why some stations might not want to run it anymore.

Westwood One shut down their news a few years ago. iHeart has an unbranded feed on Total Traffic

Other than that it's ABC, Fox or AP. USA shut down. SRN is a good deal for non comms and smaller stations but it leans to the right, so it might not be a good fit for everybody.

I'm going to guess WINS will end up with the CBS affiliation at some point. They have a close relationship with Audacy, including online distribution
 
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Mentioning what Paramount Global is doing at the CBS-owned TVs is irrelevant to this discussion.

PG manages CBS News Radio but takes no active role in distribution. That task belongs to Skyview Networks, and it will be up to them to find a new home for the network in Market One.
All correct here.
 
Conclusion: WCBS was not really very profitable. Two news stations in the same market is one too many. Putting WINS on FM solved that AM's coverage issues in the MSA and left no future for the second AM-only news station.
I’ve seen you mention this before. Is this another case of a radio group making it “appear” they bill more than they do and it’s really another station in the cluster getting most of the profits?
 
are Audacy and GK thinking a lot of the same clients will stick around for sports? I just wish they could keep the WCBS calls. I think that would help them from a sales standpoint, regardless of format change
 
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