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Any new rumblings on CC spinoffs?

M

Mediafrog+

Looks like the Clear Channel deal will close on July 30...which means there should be some action in the next six weeks about the sale of KLOL and either KHMX or KTBZ. This thing has sure dragged on long enough.

Anyone hearing any new rumblings? As long as this has taken, you would think some deals would be ready to go. Or would they wait until the actual shareholder vote on July 24 to reveal anything?
 
They have to trade/sell Mix and Mega. The DOJ mandated it to approve the sale.
Look for the stations to go into a trust run by a third party untill the sale/trade transaction is completed.
All this should happen very soon because the closing has been moved up to July 30th.
Rumor on the street was CBS was going for the stations hard.
 
Knowitol said:
They have to trade/sell Mix and Mega. The DOJ mandated it to approve the sale.
Look for the stations to go into a trust run by a third party untill the sale/trade transaction is completed.
All this should happen very soon because the closing has been moved up to July 30th.
Rumor on the street was CBS was going for the stations hard.
Click to expand...

I knew it had to be Mega, but I guess I missed when they confirmed it would definitely be Mix.

I passed a billboard the other day that had the Buzz logo, and then the word Rocks. Sorta made me wonder if there was some repositioning going on in advance of spinning off the classic rock format?
 
stan said:
Maybe they won't spin off anything. Its really the same company, just private ownership.
Click to expand...

They don't have a choice. It's a private ownership group that already has an interest in Cumulus and Univision, so they'll be over the ownership limit.
 
Knowitol said:
Rumor on the street was CBS was going for the stations hard.
Click to expand...


I can tell you that, a number of years ago when I worked at KILT & KIKK, they (CBS) were very interested in having at least two more FM's. Don't exactly know how that line of thinking has changed, if at all, over the last 10 or 15 years.
 
I knew it had to be Mega, but I guess I missed when they confirmed it would definitely be Mix.

Aunti,

I haven't been in the Houston area for awhile now, but I check in here often to catch up on what my former pals are doing. I hadn't read or heard any confirmation about Mix. A good friend of mine, still in the CC building, e-mailed me this morning to let me know that Hunter was parting from Mix. Maybe he saw what's coming next?
 
Hunter's jumping ship to KKHH to become their Promotion Director
 
I was talking to a co-worker about this the other day. We decided there was no way CC would sell both stations to one company, even if that one company was the high bidder.

Even after the spinoffs, CC will still have more stations than anyone in the market. The last thing they would want is for someone else to be able to put together a comparable cluster, or get close to it anyway.
 
Radioman100 said:
Even after the spinoffs, CC will still have more stations than anyone in the market.
Click to expand...

Um, not true. CC will have six stations. Liberman is top radio dog with seven stations and one TV. Univision has six radio and two TV.

CC's three FMs will tie them on that band with Cumulus, Liberman, and Radio One. However both Univision and Cox will be tied for first with four FMs apiece.

Of course all the numbers might change if existing market owners get the two CC spinoffs. It is possible that Cox could wind up with five FMs, or CBS with four.
 
Mediafrog+ said:
Um, not true. CC will have six stations. Liberman is top radio dog with seven stations and one TV. Univision has six radio and two TV.

CC's three FMs will tie them on that band with Cumulus, Liberman, and Radio One. However both Univision and Cox will be tied for first with four FMs apiece.

Of course all the numbers might change if existing market owners get the two CC spinoffs. It is possible that Cox could wind up with five FMs, or CBS with four.
Click to expand...

I'd much rather have CC's full C Missouri City sticks than the Liberman and Univision rimshots and low powered C3s.

I guess I should have specified signals that actually matter.
 
Radioman100 said:
I'd much rather have CC's full C Missouri City sticks than the Liberman and Univision rimshots and low powered C3s.

I guess I should have specified signals that actually matter.
Click to expand...

The KLTN and KOVE signals definitely matter.
 
DavidEduardo said:
Radioman100 said:
I'd much rather have CC's full C Missouri City sticks than the Liberman and Univision rimshots and low powered C3s.

I guess I should have specified signals that actually matter.
Click to expand...

The KLTN and KOVE signals definitely matter.
Click to expand...

Yes, but there are only two of them and neither compares to a signal from the Senior Road stick. If I were Univision, I'd gladly trade all of the rimshots and KAMA for another full power Missouri City station.
 
Radioman100 said:
Yes, but there are only two of them and neither compares to a signal from the Senior Road stick. If I were Univision, I'd gladly trade all of the rimshots and KAMA for another full power Missouri City station.
Click to expand...

The only thing the Senior Road signals add is coverage outside the metro, which is not salable.
 
I dont know if its my radio or what but KAMA signal is better than KOVE! I live in the Heights! So I dont know if my location makes a difference!
 
Radioman100 said:
DavidEduardo said:
Radioman100 said:
I'd much rather have CC's full C Missouri City sticks than the Liberman and Univision rimshots and low powered C3s.

I guess I should have specified signals that actually matter.
Click to expand...

The KLTN and KOVE signals definitely matter.
Click to expand...

Yes, but there are only two of them and neither compares to a signal from the Senior Road stick. If I were Univision, I'd gladly trade all of the rimshots and KAMA for another full power Missouri City station.
Click to expand...
Mhh, I would think about that a bit more throughly.

Let's examine what stations Univision would be giving up.
You included KAMA as one of the stations traded.
Univision currently has KPTY as it's only FM rimshot.
The other two rimshot stations would be the sand dune (KPTI 105.3) that is aimed at Galveston and the suburban AM rimshot (KRTX) that is aimed at Houston. (Granted that KRTX no longer exists past Downtown Houston in cheap car and home radios due to the heavy interference of IBOC buzz from KPRC. The station is just unlistenable unless you like to hear music full of static).

I think selling "air time" in these 4 stations as a combo makes more sense than just selling space in one full market signal station. Just my guess, Besides, wasn't the 104.9 signal in the process of being upgraded accross the freeway to KLTN's Xmitter?
 
oldjohnny said:
I think selling "air time" in these 4 stations as a combo makes more sense than just selling space in one full market signal station. Just my guess, Besides, wasn't the 104.9 signal in the process of being upgraded accross the freeway to KLTN's Xmitter?
Click to expand...

I don't. I have to think any of the Missouri City signals has the potential to outbill that combination.
 
CC takes in about 50 cents of every advertising dollar spent in Houston. Losing Mix and Mega is going to hurt that ratio. It will bring CC Houston back into the pack as far as advertising dollars.
Mix and mega will go to whichever company either:
A) Has the $$$$$$$, which isn't a large number of companies right now....
B) Trade the station or stations with whichever company has something worth trading....
c) Both

They will go into a trust until a, b or c occurs, which could happen before or AFTER July 30th.
 
Knowitol said:
CC takes in about 50 cents of every advertising dollar spent in Houston. Losing Mix and Mega is going to hurt that ratio.
Click to expand...

For '07, Clear took aobut $110 to $115 million out of $385 million in market revenue. That is just under 30%, not 50%.
 
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