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969 WFPG CAT 1073 ESPN 1450 SOLD??

IT LOOKS LIKE IT BEEN SOLD TO CLEARCHANNEL FOR OVER $30MILL. THEY WANTED TO GET INTO THE SOUTH JERSEY FOR A LONG TIME.
 
> IT LOOKS LIKE IT BEEN SOLD TO CLEARCHANNEL FOR OVER $30MILL.
> THEY WANTED TO GET INTO THE SOUTH JERSEY FOR A LONG TIME.
>

Only $30 mil for Millennium's three AC properties?

What kind of crack are you smoking? Must be high quality stuff. Moron.
 
> > IT LOOKS LIKE IT BEEN SOLD TO CLEARCHANNEL FOR OVER
> $30MILL.
> > THEY WANTED TO GET INTO THE SOUTH JERSEY FOR A LONG TIME.
> >
>
> Only $30 mil for Millennium's three AC properties?
>
> What kind of crack are you smoking? Must be high quality
> stuff. Moron.
> THEY ARE ONLY BILLING ABOUT 3.1 MIL A YEAR. FOR ALL PROP. THIS IS NOT 1015 AND 973.
 
> > > IT LOOKS LIKE IT BEEN SOLD TO CLEARCHANNEL FOR OVER
> > $30MILL.
> > > THEY WANTED TO GET INTO THE SOUTH JERSEY FOR A LONG
> TIME.
> > >
> >
> > Only $30 mil for Millennium's three AC properties?
> >
> > What kind of crack are you smoking? Must be high quality
> > stuff. Moron.
> > THEY ARE ONLY BILLING ABOUT 3.1 MIL A YEAR. FOR ALL PROP.
> THIS IS NOT 1015 AND 973.
>

Will you shush, please? Sales of radio stations take forever to complete. It's not like you can go out to a car lot and just throw down money on whatever. Tiny stations in the middle of nowhere go for 10 million... And there's nothing on All Access.

So... shhhhhhhhhh.
 
> IT LOOKS LIKE IT BEEN SOLD TO CLEARCHANNEL FOR OVER $30MILL.
> THEY WANTED TO GET INTO THE SOUTH JERSEY FOR A LONG TIME.

I highly doubt that. WFPG alone would be worth at least 25
mil in that market based on status in ratings, signal and
certainly billing--which drives the AC cluster. All 3 would
be worth more like 50M.
 
> > > > IT LOOKS LIKE IT BEEN SOLD TO CLEARCHANNEL FOR OVER
> > > $30MILL.
> > > > THEY WANTED TO GET INTO THE SOUTH JERSEY FOR A LONG
> > TIME.
> > > >
> > >
> > > Only $30 mil for Millennium's three AC properties?
> > >
> > > What kind of crack are you smoking? Must be high
> quality
> > > stuff. Moron.
> > > THEY ARE ONLY BILLING ABOUT 3.1 MIL A YEAR. FOR ALL
> PROP.
> > THIS IS NOT 1015 AND 973.
> >
>
> Will you shush, please? Sales of radio stations take
> forever to complete. It's not like you can go out to a car
> lot and just throw down money on whatever. Tiny stations in
> the middle of nowhere go for 10 million... And there's
> nothing on All Access.
>
> So... shhhhhhhhhh.
>

As I posted a couple of weeks ago, The CEO of Millenium is actively attempting to sell all of the NJ properties
 
> As I posted a couple of weeks ago, The CEO of Millenium is
> actively attempting to sell all of the NJ properties
>

Got a cite on that, hotshot? Rumors in the building, perhaps? Or are you just trying to psyche out the competition?
 
> > As I posted a couple of weeks ago, The CEO of Millenium is
> > actively attempting to sell all of the NJ properties

I am assuming that this crapola is coming from someone across
the street. Someone who has had the screws turned tighter
and tighter on him as he struggles to make the drunken spending
spree he went on over the past 5 years pay off for his equity
investors. If Millennium is selling then it won't be for less
than the stations are worth. Certainly not given the success
they have had so far and the platform they have built in the
Garden State. And there isn't a hip-hop or urban station in
the bunch. (that would be because while those stations make
all of the R&R radio geeks gush....they are a drag on earnings)
Get real.
 
> And there isn't a hip-hop or urban station in
>
> the bunch. (that would be because while those stations make
> all of the R&R radio geeks gush....they are a drag on
> earnings)

That must explain why there are so few of them across the country.

> Get real.

Indeed.
 
> > And there isn't a hip-hop or urban station in
> >
> > the bunch. (that would be because while those stations
> make
> > all of the R&R radio geeks gush....they are a drag on
> > earnings)
>
> That must explain why there are so few of them across the
> country.
>
> > Get real.
>
> Indeed.
>
Although...

Tom McNally is strangley quiet. He usually perks right up when mentioning one of his stations... Tom? Can you squash this rumor?
 
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