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Bloodbath at Atlantic

Q

qtpieislit

Well, look a here, The Brett Denafo fraud legacy still permeates that poor radio group and sadly has brought it to it's knees. All voice talent has been let go. Look for a fire sale of all the broadcast properties.

I'm almost for certain, as sure as a hot dog needs mustard, that upon Denafo's felony conviction, and at his sentence, all of the lives of the hard working careers he has wrecked and the devastation of a once thriving business comes into account, as well as all the sponsors he has ripped off.
 
So will JVC fully buy all of Atlantic's stations? I at least hope Wild 102.7 doesn't get sold to anyone but JVC.
 
I'm going to paraphrase Aaron Sorkin's writing from the final episode of Sports Night: "Anyone who can't make money with WMGM and WTKU should get out of the money making business."
 
Seems like anywhere where dance resides that's anything more than KTU, Z100 on Friday/Saturday Nights and Party 105.3/101.5 is cursed and eventually vanishes away. Cmon everyone you should've known this wouldn't last long, expecting straight up dance or close to what you're wanting long term around here is truly expecting a miracle.
 
kickass367 said:
Seems like anywhere where dance resides that's anything more than KTU, Z100 on Friday/Saturday Nights and Party 105.3/101.5 is cursed and eventually vanishes away. Cmon everyone you should've known this wouldn't last long, expecting straight up dance or close to what you're wanting long term around here is truly expecting a miracle.
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Wow that is ridiculous statement if I ever heard one. The stations that all vanished had nothing to do with the format but the companies that owned them. Pulse in NY was all about the company being in major financial trouble from the start. Phoenix and San Francisco were sold. San Fran's station was doing well in the ratings. Party in Miami the company saw an opening when another station flips and they went after that format. Guess what that plan back fired and they flipped again. Wild signed on in July, its November. Formats take time. Look at 92.3 in New York they have doing the same thing for a long time and finally they are seeing some results.

Look at stations like Q102. Do you know how they got to where they are today? It was because it was a well programmed dance station in the early 90's. The Rock format on 102.7 was not doing anything. There are lot of problems down there that JVC is trying to fix. Its like buying an old house, its going to take some time to get it up to standards. Give Vic and the crew some time. Besides Wild is not a straight up dance station.
 
Dancerev889 said:
kickass367 said:
Seems like anywhere where dance resides that's anything more than KTU, Z100 on Friday/Saturday Nights and Party 105.3/101.5 is cursed and eventually vanishes away.  Cmon everyone you should've known this wouldn't last long, expecting straight up dance or close to what you're wanting long term around here is truly expecting a miracle.
Click to expand...

Wow that is ridiculous statement if I ever heard one.  The stations that all vanished had nothing to do with the format but the companies that owned them.  Pulse in NY was all about the company being in major financial trouble from the start.  Phoenix and San Francisco were sold.  San Fran's station was doing well in the ratings.  Party in Miami the company saw an opening when another station flips and they went after that format.  Guess what that plan back fired and they flipped again.  Wild signed on in July, its November.  Formats take time.  Look at 92.3 in New York they have doing the same thing for a long time and finally they are seeing some results. 

Look at stations like Q102.  Do you know how they got to where they are today?  It was because it was a well programmed dance station in the early 90's.  The Rock format on 102.7 was not doing anything.  There are lot of problems down there that JVC is trying to fix.  Its like buying an old house, its going to take some time to get it up to standards.  Give Vic and the crew some time.  Besides Wild is not a straight up dance station.
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Let's not forget these former dance leaning stations that were in the AC market.  Boss 97, 99.3 The Buzz, and Hot 106.3 that did decent.  99.3 if I recall was on the Top 10, but just like Hot 97 NYC in the 90's, they saw more revenue going urban hip-hop and the Buzz became #1.  Hot 106.3 was in a similar position JSE was in regards to their coverage area and was sold to Press Communications which simulcasted The Breeze.  Boss 97, well, if they didn't get sold to NJ 101.5 back in 95, it would still be here.


The thing with Wild is technically they are still an Atlantic station, and in my opinion with how the former GM acted on his behalf caused not only Wild, but The Shark, and Kool to suffer as well.  If you want to advertise on those radio stations and found out that you were scammed based on bogus numbers, and it turns out that YOUR MONEY was being used for wrong reasons, would you still advertise to the same Atlantic Broadcasting regards if there is new management running it?  Atlantic has a bad rep thanks to one man who corrupted a radio broadcasting company, and putting the blame on Wild for it's demise is unfair and if you didn't her about the arrest of the former Atlantic GM then you will now.

http://boards.radio-info.com/smf/index.php?topic=177582.0
 
I wonder now if some of the major advertisers who spent thousands of dollars with Atlantic are going to sue the station for misrepresntation for decetions and go after Brett personally. Another thought one of the biggest advertisers on Atlantic when Brett took it over was Bretts brothers law firm (Denafo & Walcoff) I wonder if Brett made a special deal with them or even charged them at all for advertising . The accounting team should look into that.
 
Hot 106.3 was in a similar position JSE was in regards to their coverage area and was sold to Press Communications which simulcasted The Breeze.
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Actually WKOE flipped from Hot 106.3 to a simulcast of NJ-101.5.......The sale to Press didn't come to more than 1 year later.
 
The only thing i have read is that when I did a google search on Brett Denafo. Bretts old partner Ken Schafer is suing Atlantic broadcasting and Brett in a Federal case. If any one knows what its for can they please fill us all in . On the other case with Brett and his stealing monies I havent heared or read a thing.
 
This past weekend KOOL had some "talent" on-air. My old buddy Bill Cain was doing Saturday morning. Good hearing him on, but to my ear it didn't sound quite right; brokered perhaps?

Don O'Brien was on Saturday afternoon. Have they started rehiring some people. Didn't hear any of the other stations.
 
I think not...just heard today that down in Atlantic County, the bank has taken over Atlantic Broadcasting. Can anyone confirm this?
 
sethjamz said:
I think not...just heard today that down in Atlantic County, the bank has taken over Atlantic Broadcasting. Can anyone confirm this?
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They did, but they sent it back - someone forgot the relish and mustard.

Wakka wakka...
 
So I decided to take a chillaxation in LBI last night and was listening to Wild pretty well. Noticed that no commercials are airing during the late night hours and are more on a dance lean. Something has to be going down for Wild to be commercial free overnights.
 
Per Northeast Radio Watch by Scott Fybush:

http://www.fybush.com/nerw.html#nj

NEW JERSEY's Atlantic Broadcasting is expected to filed for bankruptcy early this week, turning the page on a troubled chapter in the history of the Atlantic City station cluster that began in the summer of 2008 when several local radio people got together to buy the three FMs (WTKU 98.3, WJSE 102.7 - now WWAC, WMGM 103.7) and two AMs (WOND 1400 and WTAA 1490, now WBSS) that had belonged to Access.1 Communications, and to Howard Green before that.

Despite some savvy programming and technical moves, shifting the 102.7 signal into the heart of the Atlantic City market and flipping it from modern rock to top 40, the cluster sailed into stormy weather. The stalled economy that made the $9.5 million purchase price look untenably high, and it was soon exacerbated by a series of legal problems, including the arrest of former PD and Atlantic partner Brett Denafo on charges that he stole nearly $175,000 from the stations through fraudulent use of a station credit card and the sale of airtime for which Atlantic never received payment.

With some $6 million still owed to Sun Bank, the local bank that financed the purchase back in 2008, we're hearing things have gotten ugly at Atlantic's headquarters in suburban Linwood: the stations were reportedly running largely automated last week, and we're told Atlantic failed to make payroll on Wednesday and that few employees were seen at the building for the rest of the week.



That should answer your question d21ofnj.


Seems like dance is the final nail on another coffin. With Pulse and now Wild. Those people who wanted Wild to fail after getting rid of WJSE feel this is irony at it's finest. Seems like Dance is cursed, whereever it lands...bankruptcy and another format change follows.


[Link added by Radio-Info as a courtesy]
 
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