Looks like a 205 townhome community on the tower site was denied by Miami Gardens: SelfService Public Site
I figured the power reduction was because the land was going to be redeveloped.Looks like a 205 townhome community on the tower site was denied by Miami Gardens: SelfService Public Site
The Marlins were only 16 watts away from being in a no-WINZ situation.Headline: "WINZ loses."
That listing makes it seem like the whole property is for sale. Wonder if the 16 watts is a step towards something else? WAQI moved with WQBA after their land was sold in Miramar. Doesn't iHeart also own the 880 site if WIOD's new facility doesn't work? Just don't see them signing 940 off the air completely.The property is definitely on the market, but it's not clear if it's been sold yet.
Any AM station chronically not getting sufficient enough advertising revenue to merely pay the power bill is in trouble.Just don't see them signing 940 off the air completely.
Would think 940 with the Dolphins, Marlins, and Gators would be able to generate enough revenue. Dolphins are on 105.9 and they mainly play during the day, so it's not an issue. The Marlins and Gators either have to move to 610 or some other place. Marlins last renewed in 2020 with iHM...wonder if they may move somewhere else like back to 560 after this season? The deal with 940 has been good for fans as they offer a consistent home with spring training games too.Any AM station chronically not getting sufficient enough advertising revenue to merely pay the power bill is in trouble.
Unfortunately, that's a lot of once legendary AM radio signals....
Just look station at IHeart app, better audio quality.WINZ 940, 50kw days and 10kw nights (though they've supposedly been using 25kw nights on a STA), has applied to downgrade significantly. Their daytime power stays at 50000 watts, but after sunset they'll be putting out a whopping 16 (sixteen) watts non directional from one tower. Right now WINZ uses six towers, which must be on valuable land. If this FCC application goes through, apparently iHeart gets to bulldoze all but one tower and sell the real estate reclaimed.
The power bill will be less, undoubtedly. But how far will that 16-watt nighttime signal go?
I thought iHeart had sold all their towers and leasing them back. Did they "forget"* this property?
WINZ 940, 50kw days and 10kw nights (though they've supposedly been using 25kw nights on a STA), has applied to downgrade significantly. Their daytime power stays at 50000 watts, but after sunset they'll be putting out a whopping 16 (sixteen) watts non directional from one tower. Right now WINZ uses six towers, which must be on valuable land. If this FCC application goes through, apparently iHeart gets to bulldoze all but one tower and sell the real estate reclaimed.
The power bill will be less, undoubtedly. But how far will that 16-watt nighttime signal go?
iHeartMedia Offloads 22-Acre Miami Gardens Site for $14 Million to Fuel Townhome Boom
iHeartMedia Offloads 22-Acre Miami Gardens Site for $14 Million to Fuel Townhome Boomwww.bldup.com
Here is a link to the original announcement from 2014. It was for "select radio towers."
“This is a great example of how we continue to optimize our balance sheet and maximize liquidity -- and how we continually review our entire portfolio of assets to ensure we operate them in the most efficient way possible and invest our resources in the highest return opportunities,” said Richard J. Bressler, President and Chief Financial Officer of iHeartMedia, Inc.
LOL nice spin. It was pure asset stripping by the private equity firm that owned iHeart at the time.
will IHeart be forced to move WINZ's single tower to a new site.
I was thinking the same thing....why not use that new facility for WIOD to diplex with WINZ. Makes sense to me.Forced? It was their choice to sell the land. My suspicion is they already have another site. Perhaps near where the WIOD tower is?
They received $14 million for that tower land. It would take them a long time for that station to make that amount of money.