TR1992 said:Fred Eychaner is a sharp business man. I know it is probably wishful thinking in today's radio world, but I wish he would do with
WAIT what he did with NINE-FM. That is take a chance, he might not be getting great ratings but he is giving Chicago something
different especially for the people who liked ENERGY 927/5 with Dance Factory. I don't listen to dance music that often but I know
a lot of people who listen to it all the time, and sometimes I like to turn it on when I'm in the mood for something different. I
think if he was not making a profit on the FM stations he would have pulled the plug on them already. I don't really want to see
another brokered AM station, I think we have enough already. I know that is probably what he will do with WAIT,but as a person
in my twenties I wish he would put an ez hits/ nostalgia format on, with a real Chicago feel about it, just like with Dance Factory, it would be nice to have the option to listen to something different on the radio. I know some people will say get XM or Sirius or an
Ipod, but if radio owners especially local guys like Fred don't start programming stations that people want to listen to and not just
cookie-cutter formats radio is going to keep losing people. I really love radio and I would like to see it viable for a long time to come.
Unfortunately Fred is was one of the last of the local owners and if he doesn't help save radio as we know it who will Clear Chanel and CBS?
I agree with what you are saying. It would be nice if Eychaner would take more chances.
What I know of him, Eychaner, whose wealth was self-made(no idiot son of a millionaire, he), has contributed to a number of Progressive political candidates, and has been generous to charities, almost to a fault. But when it comes to business, he has very tight purse strings.
That's not to say that he won't take a chance, as evidenced by launching Nine-FM. He is willing to spend when he can be convinced that he is making a solid investment. This is a guy who took Channel 50 from its humble beginnings, and eventually sold it to Fox for nearly a half a billion dollars.
NewsWeb, when it decided to break into radio, found itself in a situation in which deregulation brought about a frenzy of station acquisitions. The price for the city-grade signals that had been up for sale were terribly inflated. And Eychaner is certainly not one to engage in Clear Channel's philosophy of, "buy them now, figure out what to do with them later".
Now, if Clear Channel, or some other massive media conglomerate, were to self-destruct, you might see Fred with his checkbook in hand, if he can pick up a property that he believes is a good value.
Also remember, that despite having only a number of day timer AM stations(the triumvirate that makes up Nine-FM not included) , NewsWeb has tried, unsuccessfully, to change the COL of WNDZ, WAIT, and WCPT, with the intent of eventually going full time. They were able to change the COL of 820-AM to Willow Springs, but were unable to get a night time license. They were unsuccessful at changing the COL of WNDZ 750-AM from Portage, IN to Calumet City, but were able to get a power boost to 15,000 watts during the day. And they got nowhere at all when it came to changing the COL of 850-AM from Crystal Lake to Addison. You have to get them credit for trying to make what they have better, successful or otherwise.
Doing something other than brokered time for 850-AM, and especially WNDZ, would be nice, but having day timer only stations sort of hogties you in a way, especially this time of year, when they have to shut down so early. WCPT probably wouldn't have ended up on 820-AM, as it did recently, had NewsWeb received its approval of a night time license on that frequency. So, looking at it that way, one AM signal that properly covers the city, albeit only during the day, has changed from brokered(Relevant Radio) to commercial(WCPT). I consider it a victory, regardless of political bent. I am hoping that if WCPT can show that it can grow on a better signal, it might convince Mr. Eychaner to loosen those tight purse strings and pay for a local host or two. But I know that will take time.