CBS/Entercom Sacramento to part ways with...

[TheBigA]

Entravision already has 4 stations in sacremento. I think they would still be under the cap if they got the 4 stations from Bonneville within the next 180 days.

Hmmm if Entravision had the money, why didn't they just get them directly from Entercom?

 

[34james]

The only other buyer out there right now that isnt broke like Cumulus or Iheart radio would be townsquare media. They have been on a buying spree with other online ventures. I bet grabbing some FM's in a big city like Sacremento would give them a foot in the door in California. They own over 300 radio stations, so they aint broke like Cumulus is.

 

[davideduardo]

The only other buyer out there right now that isnt broke like Cumulus or Iheart radio would be townsquare media.

Townsquare's BoD demoted the CEO and put in question the long-term survivability of the company; the principal backers have indicated their desire to cash out.

They have been on a buying spree with other online ventures. I bet grabbing some FM's in a big city like Sacremento would give them a foot in the door in California. They own over 300 radio stations, so they aint broke like Cumulus is.

While iHeart, and, to an extent, Cumulus, have cash from operations to fun smaller purchases (Cumulus bought two FMs in Chicago, iHeart a big AM in Boston), Townsquare appears to have zero free cash.

 

[davideduardo]

I would not rule out entravision getting Mix 96 and KNCI FM. That would enable them to switch formats on their lower performing country format and make another spanish format available

I don't see present time synergy were Entravision to acquire more stations. They can only add one FM, and there is no viable Hispanic format option available there (as well as low total Spanish-language media dollars). The revenue in the market won't support trading up with better facilities because the stations in question will sell for prices based on their cash flow.

Further, Entravision does not have TV in the market, and they are, principally, a TV company.

 

[Kent]

Bonneville didn’t do this deal with the intention of it being temporary. It's most likely trying to hammer out the final terms of the deal. I wouldn’t be surprised if Bonneville were working with Entercom to find properties to buy that it could then swap for some of the stations involved. That would lessen Entercom’s tax liabilities on some of the stations it’s unloading.

 

[Y2kTheNewOldies]

https://www.rbr.com/bonneville-for-entercom-8/

Update Bonneville to acquire 8 divested Stations from Entercom and they affect Sacramento and San Francisco radio outlets.

 

[TheBigA]

Thus ending Entercom's less-than-happy experience in Sacramento.

 

[Michael Rivers Kramer]

Thus ending Entercom's less-than-happy experience in Sacramento.

You mean when they screwed Sacramento out of a full powered Class B FM for several years in order to expedite a merger instead of following the due process? The loss to the market was greater than their loss on paper.

 

[TheBigA]

The loss to the market was greater than their loss on paper.

The other side of that is now there's a frequency that someone local to the market can own if there is such a person.

 

[Michael Rivers Kramer]

The other side of that is now there's a frequency that someone local to the market can own if there is such a person.

Who will probably be out-bidded by EMF.

 

[davideduardo]

You mean when they screwed Sacramento out of a full powered Class B FM for several years in order to expedite a merger instead of following the due process? The loss to the market was greater than their loss on paper.

That was a real loss, not a paper loss. The station had been purchased, and they lost all their equity in the station when they turned in the license.

The return of the license indeed expedited the completion of the sale/merger. But it also, most importantly, avoided the possibility that Entercom might have been declared an unfit licensee, making expansion dubious and putting the rest of the licenses in potential jeopardy.

Sacramento, in the Age of the Internet, has no lack of media outlets.

 

[Mediaace]

Hopefully iHeart or a real fit owner snaps it up.

 

[Michael Rivers Kramer]

KYMX, KNCI, KZZO, and KHTK. They'll be among the 16 that they're spinning off, which was announced Tuesday (October 10, 2017):

https://www.allaccess.com/net-news/...re-stations-to-be-spun-off-from-entercom-cbs-

That was a real loss, not a paper loss. The station had been purchased, and they lost all their equity in the station when they turned in the license.

The return of the license indeed expedited the completion of the sale/merger. But it also, most importantly, avoided the possibility that Entercom might have been declared an unfit licensee, making expansion dubious and putting the rest of the licenses in potential jeopardy.

Sacramento, in the Age of the Internet, has no lack of media outlets.

I have tremendous respect for you and value the insight you share. I do have a quick question. Has your view changed in the last year since your response to Sue Wilson's comments? You were stating that losing the signal was driving more listeners to streaming, calling it a significant loss to the market, but a small cost to the owner.

And "then" can be a number of years as the vacated channel is put up for a future auction and brought back to the air under new owners.

A monetary sanction and continued service on that channel or the immediate assignment to an interim operator would have been vastly superior solutions.

Depriving the market of one of its broadcast signals is not a victory. All that does is drive more listeners to streaming, where there is far less or no regulation and no localization at all. A small cost for the station owner, but a signifant loss for the 2.5 million people in the market.

True...There a plenty of choices online. Especially for an old geezer like myself.

 

[stewie]

There has been some speculation that Bonneville is interested. Lance and Fybush mentioned that Entercom keeping KSFM would make that cluster ideal for Bonneville because KSFM was the one station in the soon-to-be former CBS cluster Bonneville wouldn’t want. Again, that’s just speculation, but the pieces fit.

Is it too far-fetched to think that iHeart would make a play and spin off: KFBK-FM, KSTE, KYRV, and KFBK-AM? I know, I'm speaking crazy but KYMX, KNCI, AND KZZO would be a BIG upgrade (in the signal department) for iHeart (KHTK excluded). Yes, I'm prepared for the backlash from my comment.

^ of course the KFBK format would remain, moved over to KZZO or something like that.

 

[TheBigA]

Is it too far-fetched to think that iHeart would make a play...

Read post #26 in this thread. Bonneville bought the cluster a few days ago. Too late.

 

[stewie]

Read post #26 in this thread. Bonneville bought the cluster a few days ago.

Ha! Oops, I was on vacation for the last two weeks.

 

[Y2kTheNewOldies]

https://radioinsight.com/headlines/...stoltz-complaints-against-entercom-dismissed/

Another update on Ed Stoltz

Ed Stolz’ decades long one-sided war against Entercom has been deal two more defeats as the FCC has denied his Petitions for Reconsideration on the Entercom/CBS Radio merger and license renewals of the company’s Sacramento market stations.

Stoltz has been battling Entercom since agreeing to sell 106.5 KWOD (now KUDL) Sacramento to Entercom in February 1996. After multiple lawsuits on both ends Stolz was ordered to transfer the license to Entercom in 2003. Since then Stolz has been unrelenting in constantly filing objections with the FCC and legally to attempt to get the decision overturned and to hurt Entercom Sacramento any way he can to no avail. The closest Stolz came to a win was when Entercom turned in the license of 107.9 KDND Sacramento rather than take it to a license revocation hearing. Even there Stolz’ request to have his case added to that hearing was denied as meritless.

In the most recent petitions, Stolz and Deborah J. Naiman claimed that the Entercom/CBS Radio merger should be reconsidered due to the subsequent review of the failed Sinclair/Tribune merger and studies alleging “intentional news distortion” by CBS Television. The FCC restated that there were numerous differences in the deals to no warrant a review of Entercom’s, while providing “no evidence or other basis to support a finding that conduct occurring at CBS TV stations is relevant to CBS’s qualifications to assign or transfer control of its radio station licenses.”