I heard today that the wheels are falling off the AMP sale in Fort Wayne.....Anyone know anything about this? Maybe some legal issues with the buyer.....and competitors.....
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AMP Fort Wayne
- Thread starter lurkerjock
- Start date
The AMP/Oasis deal has a pending petition to deny - which may have some merit and prevent the sale...
Summit City's restructuring has turned out to be an expensive mess.... The results are the following
WGL now has 2 stations and a tenth more audience - and very few commercials on the air.
Wild is half the station it used to be... and according to the Arbitron ratings less than half of JFX.
Rock 104 is built on unrealistic levels of TSL which will result in it crashing in the next ratings period.
I hear revenue is less than half of what was brought in under the previous management, with twice the sales people. The place is burning cash fast and bankruptcy is something you will see very soon...Way to go Summit!
Maybe some of the other groups in town will purchase off the assets.... What should happen:
Sell 102.9 to Federated Media and become a Huntington station.
Sell Wild and Rock 104 to Sarkes.
Find some religious organization to purchase WGL.
Fort Wayne Radio would be a better place.
Summit City's restructuring has turned out to be an expensive mess.... The results are the following
WGL now has 2 stations and a tenth more audience - and very few commercials on the air.
Wild is half the station it used to be... and according to the Arbitron ratings less than half of JFX.
Rock 104 is built on unrealistic levels of TSL which will result in it crashing in the next ratings period.
I hear revenue is less than half of what was brought in under the previous management, with twice the sales people. The place is burning cash fast and bankruptcy is something you will see very soon...Way to go Summit!
Maybe some of the other groups in town will purchase off the assets.... What should happen:
Sell 102.9 to Federated Media and become a Huntington station.
Sell Wild and Rock 104 to Sarkes.
Find some religious organization to purchase WGL.
Fort Wayne Radio would be a better place.
Would be a better place if local radio people called the shots and programmed what the market needed and not what some outsider "thinks" will work based on what the hot national trend is. It's really a simple business.buttheadd said:Fort Wayne Radio would be a better place.
One of the Federated LMA companies could buy 102.9 and run it just like they do the Froggy station up in Auburn - Call it Federated Media Huntington.. The correct ownership structure and the coverage pattern of this station would allow them to be able to do it... The cap in Fort Wayne is 5 stations and how many do they run? I count 7.
As a side note - Three Amigos could buy another of the Summit Properties as well...
As a side note - Three Amigos could buy another of the Summit Properties as well...
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