1160"s future

[gordon]

I read on First Broadcasting that Magic 1160 is rumored to switch to talk later this month. Does anyone have any idea about what it might be? I'm not very familiar with First Broadcasting, but maybe someone else is.

 

[longtimelistener]

> I read on First Broadcasting that Magic 1160 is rumored to
> switch to talk later this month. Does anyone have any idea
> about what it might be? I'm not very familiar with First
> Broadcasting, but maybe someone else is.
>
My impression of First is that they are primarily a venture capital company that looks for investment opportunities in radio stations that they can "pump & dump" in 3-5 years.

 

[AliceTheCook]

That's all I've ever heard, too. I think this latest accumulation of a "portfolio" of stations is to just to sit on until HD Radio takes off. Far as I've read, 1190 and 1160 are already doing such an upgrade. It will make their properties more valuable later, and gives the impression that they're a "player" in the industry, now. There's no rush on anything now, given the very slow takeoff of HD, evidenced by them dragging their feet on this final power upgrade of 1160. If they were in their usual buy-and-flip mode, they'd have had everything in place when the move from 1150 to 1160 happened, and it'd already be in the hands of some foreign language interest!


> > I read on First Broadcasting that Magic 1160 is rumored to
>
> > switch to talk later this month. Does anyone have any idea
>
> > about what it might be? I'm not very familiar with First
> > Broadcasting, but maybe someone else is.
> >
> My impression of First is that they are primarily a venture
> capital company that looks for investment opportunities in
> radio stations that they can "pump & dump" in 3-5 years.
>

 

[allisonmarie]

> > I read on First Broadcasting that Magic 1160 is rumored to
>
> > switch to talk later this month. Does anyone have any idea
>
> > about what it might be? I'm not very familiar with First
> > Broadcasting, but maybe someone else is.
> >
> My impression of First is that they are primarily a venture
> capital company that looks for investment opportunities in
> radio stations that they can "pump & dump" in 3-5 years.
>
Watching First Broadcasting for a few years now, shouldn't that be "Plump and Dump?" Couldn't resist that one, Sorry! It's what they do though!