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Atlantic to be Liquidated

OC3

OC3

From today's Inside Radio:

Atlantic Broadcasting to be liquidated. Following its Chapter 11 filing last month, Atlantic Broadcasting will be sold. The bankruptcy court has hired Media Services Group to sell its five Atlantic City, NJ stations, as well as two tower sites and other property. Court documents show Atlantic defaulted on a 2008 loan with $6.3 million left on the note held by Sun National Bank. A number of partners are involved in the company, with the Long Island, NY-based Northwood Ventures holding a controlling 75% stake in the company. Atlantic Broadcasting has already lined up financing from Sun National to operate while it works its way through Chapter 11.
 
2008, huh? Hmmm...who was in charge running those stations in 2008.......wasn't JVC :-X Just saying.
 
Wild 102.7's days are numbered, unless JVC buys it.

I wonder what the What I Heard guy or the Bankrupt guy has to say about this.
 
Better hope EMF doesn't step in or you will have sat fed K-Love & Air-1....They just grabbed 92.1 WLBW & 105.5 WDKZ in Delmarva.
 
Who Cares said:
I think there are FCC market allotment issues with Gary buying any FM stations. Not positive, but pretty sure.
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Correct. They're already at 9 stations thanks to all of the simulcasters.
 
Would Clear Channel, CBS, Greater Media, or any of the large broadcasters be interested in Atlantic's stations? 102.7 and 98.3 would be good signals to simulcast a Philly station since they're all weak down the shore. Perhaps Greater Media could simulcast WMGK on 102.7 and CBS could simulcast WOGL on 98.3, and 103.7 could be a whole new format.

What I'd love to see happen is JVC buying 103.7 and moving Wild there.
 
Nick said:
Would Clear Channel, CBS, Greater Media, or any of the large broadcasters be interested in Atlantic's stations? 102.7 and 98.3 would be good signals to simulcast a Philly station since they're all weak down the shore.
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Usually, I would say no way, market's too small, but given how much of the Philly population spends at least some time down the shore, it might not be such a bad idea.

Say you put WMMR on 98.3. Greater Media's objective wouldn't necessarily be to make money with the 98.3 frequency. Rather they'd hope that having WMMR available down the shore, when WYSP and WRFF are not, would inspire vacationers to get used to listening to WMMR, so they would listen to WMMR when they come back to Philly. It would act as more of a promotional vehicle than anything else- a really expensive billboard.

This is currently being tried on the non-commercial dial: People in the Washington and Baltimore areas often vacation in the Rehoboth Beach, DE-Ocean City, MD areas. The NPR Talk stations in both Washington and Baltimore (WAMU and WYPR respectively) each have recently acquired a simulcaster in these resort areas.
 
What I'd love to see happen is JVC buying 103.7 and moving Wild there.
[/quote]


right and leave WZXL as the only rock station at the shore
 
Mike said:
What I'd love to see happen is JVC buying 103.7 and moving Wild there.
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right and leave WZXL as the only rock station at the shore

[/quote]

Us dance fans will not have a station in AC that plays our type of dance music at all. The Shark isn't that unique in its approach to classic rock. Plus I had also mentioned that it would be a great idea for Greater Media to buy 102.7 and simulcast WMGK on it since they're so close in frequency and WMGK is splattered by Wild 102.7 past Egg Harbor Township. That would get the displaced classic rock fans, and they can get revenue by selling local ads in the AC market, and charge more for the national and regional ads.
 
Does anyone who cares to own one or all of these stations have deep enough pockets to make the purchase?
 
OC3 said:
Does anyone who cares to own one or all of these stations have deep enough pockets to make the purchase?
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Can any money be made with these stations...or enough to make Press/GM/Millennium/Equity want to buy them? Who has a clean enough balance sheet to even attempt to buy them without ending up in the same place as Atlantic in 18 months?

Or are there simply too many stations in Atlantic/Ocean City for the non class B sticks to make money?
 
They can. They were all (except for the two small AM's which were write-offs, although attempts were made to make money with them) very profitable when Howard Green was alive. Access.1 at least broke even. It was the mismanagement of the new regime that destroyed them.

WOND looks to still be somewhat profitable at a glance. Someone with vision can make the FM's successful again.
 
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