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1989 vs. Today: Station Prices

davideduardo

davideduardo

Moderator/Administrator
Staff member
In 1989, the dawn of Docket 80-90 and 6 years before "consolidation" here is how the industry looked at station values:

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From The Pulse of Radio, November 1989.
 
davideduardo said:
In 1989, the dawn of Docket 80-90 and 6 years before "consolidation" here is how the industry looked at station values:
Click to expand...

1989 was the year Robert F.X. Sillerman & Carl Hirsch sold Legacy Broadcasting to Westinghouse for $727 million.

He took that money and started SFX Broadcasting, which became Capstar and was later sold to Clear Channel.

That's why I often say the foundations for the Telecom act were laid in 1988 and 89.
 
TheBigA said:
1989 was the year Robert F.X. Sillerman & Carl Hirsch sold Legacy Broadcasting to Westinghouse for $727 million.

He took that money and started SFX Broadcasting, which became Capstar and was later sold to Clear Channel.

That's why I often say the foundations for the Telecom act were laid in 1988 and 89.
Click to expand...
But what kicked the Telecom Act movement into gear was the effect of Docket 80-90 which severely affected local radio in so many markets and resulting in over half of all U.S. radio stations not being profitable.
 


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