Tibbs2 said:Holladay's got the cash to fix all the towers in AL. But, you are right about those add-on expenses. Actually, I bought a station
years ago that cost more to maintain and rebuild than the license itself. Strong and painful lesson learned. Explains why it was
so "cheap." Still probably only worth $500,000, but whose counting???
He will be counting very soon. Yeah, for everyone except Holladay and Woof 450-500K is about all you could afford to pay and come out right side up anytime soon. To TRP and Woof it'd be worth much more if you wanted to gain more market control and share (expecting to sell in the next 5-7 yrs).
But let us count a little on our own here right now, 1.1M for RJM, 1M for tower "fixes" and to move the studios (oh yes they will), that adds to 2.1M. Now let us add in on air salaries from the folks downtown in the process of moving from the clouds to the burbs......120-140K(?), now the number is 2.24M for rebuilds and staffing. If you've got the cash on hand (and Holladay does) it makes sense strategically and economically........especially after you whittle down or OUT some salaries (which will happen). I still say the biggest and most hurtful loss for Magic is the number one sales person in the cluster going to TRP (didn't count that in the costs 'cause sales pay for themselves).