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620 up for sale

It's interesting on air they are making no mention at all of this being the last day. Still Running promo's for the top 30 countdown for Saturday and Sunday, still using the call in to win promos and everything like nothing is happening.

During listening checks I've noticed that RD frequently mentions the Radio Disney app, as well as the availability via the Watch Disney Channel app.

With the large majority of listening occurring either online or by satellite radio, RD might not want to take the chance of confused listeners thinking the entire service is being closed.

There is a poster on the NYC board that says the WQEW shutdown happens tonight at midnight. Probably the same thing for the other stations, if that claim is correct.
 
I'd like to think that as of now there's a 50-50 chance it could go either way after Friday, I'm thinking of the RD 1450 in New Orleans that AFAIK has yet to be unloaded and that was taken dark sometime in 2012; but that's just one scenario........still recall listening to that outlet with RD programming

WBYU 1450 had its license turned back in to the FCC and was deleted October 3, 2012.
 
Well, make a bid! but expect to pay several million (IIRC, Disney paid $12 million for it in 97....I doubt it is worth that now..the land may be worth more than the signal these days!)
 
lma?

i don't I'm going to pay 12 million for it, in todays dollars the station maybe worth only even 400k to get a deal from me... I'm might just do an lma agreement with abc/disney... but if i operated it... i would create a adult contemporary album alternative cross over with talk radio programming and a hodge podge of programming that will aim at a sherman denison audience... as of way of reaching dallas fort worth and wichita falls... those are the big cities that KMKI is in city grade coverage for...


i don't know yet... for me i don't think its the right time i don't know theres a lot on the plate to discuss for me and my family (yea it will be family owned if i buy it or LMA it)... I'm just a 20 year old with the basic of radio broadcasting under my belt... so a lot to discuss and think and go over...
 
i don't I'm going to pay 12 million for it, in todays dollars the station maybe worth only even 400k to get a deal from me...

Even with the depressed state of AM radio these days, KMKI will go for a LOT more than 400k.

I'm might just do an lma agreement with abc/disney

Disney is selling the station...they want to wash their hands of it...no LMA.

i would create a adult contemporary album alternative cross over with talk radio programming and a hodge podge of programming

Huh?!? "Hodge-podge" doesn't work in today's world of finely targeted radio programming. The audience will have absolutely no idea of what you are. They want consistency.

that will aim at a sherman denison audience... as of way of reaching dallas fort worth and wichita falls... those are the big cities that KMKI is in city grade coverage for...

Sherman-Denison maybe...but DFW and Wichita Falls have many local FM options as your competition. And WF is 120 miles from the KMKI transmitter. Local advertisers in any of those three areas won't want to pay for reaching the other two where there are no potential customers. And, oh yeah, it's AM radio.

i don't know yet... for me i don't think its the right time i don't know theres a lot on the plate to discuss for me and my family (yea it will be family owned if i buy it or LMA it)... I'm just a 20 year old with the basic of radio broadcasting under my belt... so a lot to discuss and think and go over...

Remember the following saying, which is well known in the business: "How do you make a small fortune in radio? Start with a large fortune."
 
okay... more than 400k, no LMA, and a consistency, start with a large fortune...

clearly you know a lot more than i do... then what would you recommend me to do that would be better? your own thoughts and ideas? I'm open to it... cause i really want to buy it...


and like i said those were just starting thoughts for 620...

and if i do buy it... I'm going to need help but you know i got a ways to go...
 
i want 620 to be successful in the north texas area... just as much as anybody whose wanting to own a station to be successful... i would like that a lot for a station... am fm internet whatever... since i come from a small town market don't know the big time market like dallas too well... or some cases at all...


guys i would like your input on if i do buy KMKI and what i should i do?...
 
It's a challenging question, ABMedia1. Even with so many Sherman/Denison stations having moved-in to DFW, quite a few signals still reach the area, both from DFW and from southern Oklahoma. I think a/c music is gonna be a tough sell on AM. Unfortunately, most listeners no longer care whether the station comes from Sherman-Denison, Dallas or Southern Oklahoma, as long as it sounds good. Duplicating a format that's anywhere nearby isn't likely to work. (Fortunately I figured that out before I spent a lot of money to start an LPTV up there in the 90s.)

I'm originally from that area and I'd love to see more successful radio stations there. For AM, I think you're limited to talk or some kind of oldies. KSEO/750 seems to have a lot of 70's and 80's. KJIM/1500 already covers oldies with it's Nostalgia format, although when I've had the chance to listen, it seems like anything from 1945-2000 could pop up there.

Maybe you could really narrow it down to "Back to the 50's" or "Stuck in the 60's." Recently I listened to some of KLIF/1190's coverage of the JFK assassination, which included some of their music, news and commercials. Maybe that could provide some "inspiration" for a format. A song or two, quick break then back to the music, QUICK news/weather on the hour and half hour, even QUICKER breaking news when it happens.

I don't know enough about the sales end of things to be a good source for that, but if you keep costs low and keep the format and operation simple, you might be able to make it work.

(edit: You know, easy listening used to be so popular. I'd love to see a station offering it again, but again, I just don't know if there's enough of an audience.)

Start now making a list of all the things you find annoying about local radio and how you'd address them--then stick to it. As an example, if *I* were making such a list, I'd be very concerned about commercial load. (I think local radio has driven much of their available audience to satellite and Pandora with excessive commercial loads.) Of course, you have to make money, but can you get a bigger audience by having a smaller commercial load, and justify charging more per spot? Maybe that's just me. :)

If you really want to do this, don't let anyone talk you out of it. Be glad for their pessimism, because they'll help you troubleshoot problems before they arise! Good luck and keep me posted!
 
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I'm just a 20 year old with the basic of radio broadcasting under my belt
<SNIP>
okay... more than 400k, no LMA, and a consistency, start with a large fortune...

clearly you know a lot more than i do... then what would you recommend me to do that would be better? your own thoughts and ideas? I'm open to it... cause i really want to buy it...

You were born just before Disney started buying stations for RD....you obviously don't understand MUCH about the broadcasting business and since you dont, you should not jump into it until you do..I seriously doubt your family would shell out cash for a business you know nothing about...(especially AM radio)

Make a bid for 400k and be prepared to be laughed at ....the LAND is worth more than that (and probably the copper in the ground is worth twice that much....) really want to buy it?? Get serious with money.....Disney wants to SELL, not lease..if they are still owning it, they would have liabilities, etc they DONT want...insurance, transmitter/tower maintenance, etc which remain with the licensee..

Get real and think about it...I would think around $5million will be the minimum price (Disney paid over $12 million for it originally...the going rate for a station is around 20x cash flow rate...620 was no where near 1/20 of $12million a year at the time) The NY WQEW station was bought for an outrageous amount...now it looks like it may go for around $12 million...which is a pittance compared to what Disney bought it for.

If you don't know the biz you want to get into, either read up on it and all the rules, hire a good attorney familiar with FCC procedures and prepare to spend money since we are talking top10 stations...OR don't even bother.. This is not a hobby...
 
ContinuousWave;6006378 Get real and think about it...I would think around $5million will be the minimum price (Disney paid over $12 million for it originally...the going rate for a station is around 20x cash flow rate...620 was no where near 1/20 of $12million a year at the time) The NY WQEW station was bought for an outrageous amount...now it looks like it may go for around $12 million...which is a pittance compared to what Disney bought it for.[/QUOTE said:
Based on recent comparable sales, the station will likely go for something in the $3 to $4 million range, even with the land.

Current AM multiples are around 5 times BCF, but this is a stick value transaction and will be based on population coverage.

Almost anything bought in the consolidation peak is selling today for much less. 96.3 in LA sold, as a stick, for nearly $250 million in 2000, and resold last year for just over $80 million. Examples like that abound. FMs that are profitable are now going to 6 to 8 x multiples.
 
I'd have to think a better way to run a station targeting Sherman/Denison or Wichita Falls would be to find a translator and lease an HD subchannel from an established broadcaster. That should run well under $400k (which wouldn't be enough to buy 620 anyway), and you wouldn't be constrained by being on AM.

Not sure what translators would run in Sherman/Denison or Wichita Falls, but there are some areas of similar size where translators go at a relatively cheap price. I'd actually think Sherman/Denison would be tougher than Wichita Falls to find an FM translator at a good price. The close proximity to Dallas means fewer, if any, available translators, which usually raises prices, and I could see some translator operators in the area holding out for more money thinking their translators could be moved south.

Of course, there would be obvious potential pitfalls and risks. Again, Sherman/Denison would probably have more than Wichita Falls. If no one operates an HD signal, you might have to find someone who would be willing to do so and foot some, or even all, of the costs of adding HD Radio. If you were to do that, you'd also have to have a translator lined up because an HD multicast channel by itself is worthless. An FM translator with no programming to originate is only worth slightly more. There's also always the possibility that your translator could be forced to move or go off-air if a station complains of interference. That would incur plenty of legal and engineering expenses, and you could potentially be back at having an HD multicast channel and no way to get it on most radios.

So, it wouldn't be without its challenges, but I'd think an FM translator and HD subchannel would be a cheaper and more effective way to go.
 
Dayum Kent with all that effort it'd be easier just to buy KJIM from Bob and nab an FM translator for it.
(Probably Substantially cheaper too!)
 
LIbertyNT and Kent, I gotta admire your creative solution. However, I see two problems:

1. VERY FEW people in Sherman/Denison are gonna go out and get an HD Jump or some other receiver just to get one extra station. I really doubt there are a lot of HD radios already in use up there.

2. There are a few translators in use in that area, but they're all either religious or KERA. I don't see either selling out. I doubt you could get a new signal licensed there--almost every frequency is occupied or adjacent-to-occupied. Maybe 104.1, the old KTDK (The Ticket) frequency.
 
Would have to file to get 104.1 allocated 1st...then go through the bidding war with others....that will take time and $$$$ before any CP is issued...and I dont know if you could get 104.1 allocated...depends on what is to the north (which may have prevented it from moving north from/upgrading at Sanger in the 1st place)
 
LIbertyNT and Kent, I gotta admire your creative solution. However, I see two problems:

1. VERY FEW people in Sherman/Denison are gonna go out and get an HD Jump or some other receiver just to get one extra station. I really doubt there are a lot of HD radios already in use up there.

That's why you'd need the translator. There aren't even enough HD radios in Dallas for HD subchannels to make the book, and the translator would be your ticket to getting on radios people could hear. The HD would be your ticket to getting on the translator, which can't originate its own programming, legally.

2. There are a few translators in use in that area, but they're all either religious or KERA. I don't see either selling out. I doubt you could get a new signal licensed there--almost every frequency is occupied or adjacent-to-occupied. Maybe 104.1, the old KTDK (The Ticket) frequency.

If any were to sell out, it would be at a lower price than what Disney wants for 620, but there's no guarantee. Like I said, this solution seems easier in Wichita Falls. Less interference and less move-in potential to Dallas/Ft. Worth.
 
Announced today that Disney is selling KMIC Houston to DAIJ Media which runs Spanish language religion. So the actual station sales are starting to happen. Keep a close eye on KMKI.
 
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