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CC and 790

Forgive me for extending further speculation on rumors about ABC radio stations, but I want to hear your thoughts about this (Los Angeles) market with regard to 790 and CC. Putting aside capital gains implications for a moment,if something were to happen, would CC want 790? Would it be worth CC giving up a strong FM, say 92.3, for a high brand equity AM? What would they do with 790? It seems to me that 790 might be the only one worth selling an FM for but I can't imagine how they would position it. I could see Infinity going for 790. Entercom?
 
> Forgive me for extending further speculation on rumors about
> ABC radio stations, but I want to hear your thoughts about
> this (Los Angeles) market with regard to 790 and CC.
> Putting aside capital gains implications for a moment,if
> something were to happen, would CC want 790? Would it be
> worth CC giving up a strong FM, say 92.3, for a high brand
> equity AM? What would they do with 790? It seems to me
> that 790 might be the only one worth selling an FM for but I
> can't imagine how they would position it. I could see
> Infinity going for 790. Entercom?

While I am tired of the speculation as well, I have a thought which has been expressed on a number of boards here.

In markets where CC and Disney both own stations, CC is at the ownership caps, thus the only possibilities are going to be where CC might acquire a better signal for one of its existing formats.

And neither CC or Disney is going to make a cash deal because of the tax implications. Nor will Infinity (which is also maxed out in this market).

NO ONE is going to give up an FM to acquire an AM.

Now, here is a possibility, although it is unlikely to affect the major markets. CC owns television stations in several smaller markets, and could trade those for Disney-owned radio stations in markets where either they are still under ownership limits or could move a format to a better signal. Such a deal would not incur the tax liabilities, and benefits both parties, since CC's television presence is much, much lower than radio.

The same thinking is behind many analysts thinking Emmis might do the deal with Disney; even more probable, in fact, because Emmis has said they want to get out of television.

<a target="_blank" href=http://www.entercom.com/pages/markets.html>Entercom</a> has little presence outside of the Midwest and East Coast, so they are probably a long shot.<P ID="signature">______________


</P>
 
> > Forgive me for extending further speculation on rumors
> about
> > ABC radio stations, but I want to hear your thoughts about
>
> > this (Los Angeles) market with regard to 790 and CC.
> > Putting aside capital gains implications for a moment,if
> > something were to happen, would CC want 790? Would it be
> > worth CC giving up a strong FM, say 92.3, for a high brand
>
> > equity AM? What would they do with 790? It seems to me
> > that 790 might be the only one worth selling an FM for but
> I
> > can't imagine how they would position it. I could see
> > Infinity going for 790. Entercom?
>
> While I am tired of the speculation as well, I have a
> thought which has been expressed on a number of boards here.
>
>
> In markets where CC and Disney both own stations, CC is at
> the ownership caps, thus the only possibilities are going to
> be where CC might acquire a better signal for one of its
> existing formats.
>
> And neither CC or Disney is going to make a cash deal
> because of the tax implications. Nor will Infinity (which
> is also maxed out in this market).
>
> NO ONE is going to give up an FM to acquire an AM.
>
> Now, here is a possibility, although it is unlikely to
> affect the major markets. CC owns television stations in
> several smaller markets, and could trade those for
> Disney-owned radio stations in markets where either they are
> still under ownership limits or could move a format to a
> better signal. Such a deal would not incur the tax
> liabilities, and benefits both parties, since CC's
> television presence is much, much lower than radio.
>
> The same thinking is behind many analysts thinking Emmis
> might do the deal with Disney; even more probable, in fact,
> because Emmis has said they want to get out of television.
>
> Entercom has little presence outside of the Midwest and East
> Coast, so they are probably a long shot.


Emmis would seem to be the logical choice. While CC has expressed interest, any large company with big $$ would express interest. They have some good facilities here. But CC and Infinity are both maxed out in most of these markets - so they are really a long shot without having to divest.

The only thing with Emmis is - they don't like AM's - and have sold most of the ones they have acquired - but then there's been some talk that Disney would hold on to the "Radio Disney" and "ESPN" affiliates - although they are starting "ESPN Deportes" and partnered with Lotus.

While David said earlier he felt 1150 was a better facility than 790 - I've always thought 790's signal was better (especially at night). I think KABC is a great facility.


If they had the cash (and ABC was selling them outright), Radio One would be the best choice since they really want to get into New York and Chicago - and could add major stations to their existing clusters in Atlanta, Dallas, Los Angeles, Detroit, Washington and Minneapolis - all markets Emmis is not in (sans L.A.). WZZN is struggling in Chicago and RO could immediately put an Urban format on there.
 
> > > Forgive me for extending further speculation on rumors
> > about
> > > ABC radio stations, but I want to hear your thoughts
> about
> >
> > > this (Los Angeles) market with regard to 790 and CC.
> > > Putting aside capital gains implications for a moment,if
>
> > > something were to happen, would CC want 790? Would it
> be
> > > worth CC giving up a strong FM, say 92.3, for a high
> brand
> >
> > > equity AM? What would they do with 790? It seems to me
>
> > > that 790 might be the only one worth selling an FM for
> but
> > I
> > > can't imagine how they would position it. I could see
> > > Infinity going for 790. Entercom?
> >
> > While I am tired of the speculation as well, I have a
> > thought which has been expressed on a number of boards
> here.
> >
> >
> > In markets where CC and Disney both own stations, CC is at
>
> > the ownership caps, thus the only possibilities are going
> to
> > be where CC might acquire a better signal for one of its
> > existing formats.
> >
> > And neither CC or Disney is going to make a cash deal
> > because of the tax implications. Nor will Infinity (which
>
> > is also maxed out in this market).
> >
> > NO ONE is going to give up an FM to acquire an AM.
> >
> > Now, here is a possibility, although it is unlikely to
> > affect the major markets. CC owns television stations in
> > several smaller markets, and could trade those for
> > Disney-owned radio stations in markets where either they
> are
> > still under ownership limits or could move a format to a
> > better signal. Such a deal would not incur the tax
> > liabilities, and benefits both parties, since CC's
> > television presence is much, much lower than radio.
> >
> > The same thinking is behind many analysts thinking Emmis
> > might do the deal with Disney; even more probable, in
> fact,
> > because Emmis has said they want to get out of television.
>
> >
> > Entercom has little presence outside of the Midwest and
> East
> > Coast, so they are probably a long shot.
>
>
> Emmis would seem to be the logical choice. While CC has
> expressed interest, any large company with big $$ would
> express interest. They have some good facilities here. But
> CC and Infinity are both maxed out in most of these markets
> - so they are really a long shot without having to divest.
>
> The only thing with Emmis is - they don't like AM's - and
> have sold most of the ones they have acquired - but then
> there's been some talk that Disney would hold on to the
> "Radio Disney" and "ESPN" affiliates - although they are
> starting "ESPN Deportes" and partnered with Lotus.
>
> While David said earlier he felt 1150 was a better facility
> than 790 - I've always thought 790's signal was better
> (especially at night). I think KABC is a great facility.
>
>
> If they had the cash (and ABC was selling them outright),
> Radio One would be the best choice since they really want to
> get into New York and Chicago - and could add major stations
> to their existing clusters in Atlanta, Dallas, Los Angeles,
> Detroit, Washington and Minneapolis - all markets Emmis is
> not in (sans L.A.). WZZN is struggling in Chicago and RO
> could immediately put an Urban format on there.
>
Emmis does own properties WLUP-FM and WKQX-FM in Chicago.
<P ID="signature">______________
art estrada</P>
 
> Emmis does own properties WLUP-FM and WKQX-FM in Chicago.

That wasn't the issue. It's pretty much acknowledged in the industry that if Emmis was to do a deal with Disney, they would spin off their television stations:

Mobile, AL-Pensacola, FL (WALA-TV, WBPG-TV)
Tucson, AZ (KGUN-TV)
Ft. Myers-Naples, FL (WFTX-TV)
Orlando, FL (WKCF-TV+)
Honolulu, HI (KHON-TV, KGMB-TV)
Terre Haute, IN (WTHI-TV)
Topeka, KS (KSNT-TV)
Wichita-Hutchinson, KS (KSNW-TV)
New Orleans, LA (WVUE-TV)
Albuquerque-Santa Fe, NM (KRQE-TV)
Portland, OR (KOIN-TV)
Charleston-Huntington, WV (WSAZ-TV)
Green Bay-Appleton, WI (WLUK-TV)

None of those are markets where Disney owns television stations (Disney has stations in Chicago, Flint, Fresno, Houston, Los Angeles, New York, Philadelphia, Raleigh-Durham, San Francisco, and Toledo) so the only limit they have is not exceeding the 35% of the country ownership cap.<P ID="signature">______________


</P>
 
> > Emmis does own properties WLUP-FM and WKQX-FM in Chicago.
>
> That wasn't the issue. It's pretty much acknowledged in the
> industry that if Emmis was to do a deal with Disney, they
> would spin off their television stations:
>
> Mobile, AL-Pensacola, FL (WALA-TV, WBPG-TV)
> Tucson, AZ (KGUN-TV)
> Ft. Myers-Naples, FL (WFTX-TV)
> Orlando, FL (WKCF-TV+)
> Honolulu, HI (KHON-TV, KGMB-TV)
> Terre Haute, IN (WTHI-TV)
> Topeka, KS (KSNT-TV)
> Wichita-Hutchinson, KS (KSNW-TV)
> New Orleans, LA (WVUE-TV)
> Albuquerque-Santa Fe, NM (KRQE-TV)
> Portland, OR (KOIN-TV)
> Charleston-Huntington, WV (WSAZ-TV)
> Green Bay-Appleton, WI (WLUK-TV)
>
> None of those are markets where Disney owns television
> stations (Disney has stations in Chicago, Flint, Fresno,
> Houston, Los Angeles, New York, Philadelphia,
> Raleigh-Durham, San Francisco, and Toledo) so the only limit
> they have is not exceeding the 35% of the country ownership
> cap.
>

I have a hard time believing ABC would deal their valuable radio properties for a bunch of mid market TV stations... New Orleans and Portland - and maybe Tucson may be of interest to them - but I wouldn't deal those major market radio properties for Emmis' TV stations. And I wonder what the value of these TV assets is...

I am aware Emmis owns in NYC and Chicago but that wasn't the point.
 
Paul Harvey and other issues...

It seems to me that often, the way that Clear-channel solves problems is to buy them, and thus obtaining many of Disney's talk stations is a logical move.
For example, Clear-channel recently switched many of their Talk stations in large markets from ABC to Fox. The problem? ABC would not let any of these stations run any programming from ABC. In San Diego, as an example, they refused to let them run Paul Harvey on KOGO. By purchasing some of these stations (WLS, WABC, KABC), they essentially take control of such programming.
You may also recall that Jacor took over the premier networks, giving them control of Rush and Dr. Laura, and was able to have no problems running them on their own stations.

I'm not even sure if Paul Harvey or Dr. Laura still makes money for those stations, but that's one motive that comes to mind.


> > Forgive me for extending further speculation on rumors
> about
> > ABC radio stations, but I want to hear your thoughts about
>
> > this (Los Angeles) market with regard to 790 and CC.
> > Putting aside capital gains implications for a moment,if
> > something were to happen, would CC want 790? Would it be
> > worth CC giving up a strong FM, say 92.3, for a high brand
>
> > equity AM? What would they do with 790? It seems to me
> > that 790 might be the only one worth selling an FM for but
> I
> > can't imagine how they would position it. I could see
> > Infinity going for 790. Entercom?
>
> While I am tired of the speculation as well, I have a
> thought which has been expressed on a number of boards here.
>
>
> In markets where CC and Disney both own stations, CC is at
> the ownership caps, thus the only possibilities are going to
> be where CC might acquire a better signal for one of its
> existing formats.
>
> And neither CC or Disney is going to make a cash deal
> because of the tax implications. Nor will Infinity (which
> is also maxed out in this market).
>
> NO ONE is going to give up an FM to acquire an AM.
>
> Now, here is a possibility, although it is unlikely to
> affect the major markets. CC owns television stations in
> several smaller markets, and could trade those for
> Disney-owned radio stations in markets where either they are
> still under ownership limits or could move a format to a
> better signal. Such a deal would not incur the tax
> liabilities, and benefits both parties, since CC's
> television presence is much, much lower than radio.
>
> The same thinking is behind many analysts thinking Emmis
> might do the deal with Disney; even more probable, in fact,
> because Emmis has said they want to get out of television.
>
> Entercom has little presence outside of the Midwest and East
> Coast, so they are probably a long shot.
>
 
Re: Paul Harvey and other issues...

> It seems to me that often, the way that Clear-channel solves
> problems is to buy them, and thus obtaining many of Disney's
> talk stations is a logical move.
> For example, Clear-channel recently switched many of their
> Talk stations in large markets from ABC to Fox. The problem?
> ABC would not let any of these stations run any programming
> from ABC.

Huh? Sean Hannity is syndicated by ABC Radio and is on many Clear Channel stations. He - among other ABC Talk talents - will continue to do so despite the switch - which hasn't occured on most CCU stations yet.

The stations are quite happy to be getting RID OF Paul Harvey. He is THE FOSSIL that attracts a 55 to dead audience they don't want. ABC is the big loser here not Clear Channel. They gain big time by casting off Paul Harvey. Ultra liberal MSM dinosaur ABC News does not fit the feel of Clear Channel's conservative talk stations.

And it is not just large market Clear Channel stations that are dropping ABC, ALL Clear Channel stations are dropping them where there isn't a current Fox affilate.

In San Diego, as an example, they refused to let
> them run Paul Harvey on KOGO. By purchasing some of these
> stations (WLS, WABC, KABC), they essentially take control of
> such programming.
> You may also recall that Jacor took over the premier
> networks, giving them control of Rush and Dr. Laura, and was
> able to have no problems running them on their own stations.
>
>
> I'm not even sure if Paul Harvey or Dr. Laura still makes
> money for those stations, but that's one motive that comes
> to mind.
>
>
> > > Forgive me for extending further speculation on rumors
> > about
> > > ABC radio stations, but I want to hear your thoughts
> about
> >
> > > this (Los Angeles) market with regard to 790 and CC.
> > > Putting aside capital gains implications for a moment,if
>
> > > something were to happen, would CC want 790? Would it
> be
> > > worth CC giving up a strong FM, say 92.3, for a high
> brand
> >
> > > equity AM? What would they do with 790? It seems to me
>
> > > that 790 might be the only one worth selling an FM for
> but
> > I
> > > can't imagine how they would position it. I could see
> > > Infinity going for 790. Entercom?
> >
> > While I am tired of the speculation as well, I have a
> > thought which has been expressed on a number of boards
> here.
> >
> >
> > In markets where CC and Disney both own stations, CC is at
>
> > the ownership caps, thus the only possibilities are going
> to
> > be where CC might acquire a better signal for one of its
> > existing formats.
> >
> > And neither CC or Disney is going to make a cash deal
> > because of the tax implications. Nor will Infinity (which
>
> > is also maxed out in this market).
> >
> > NO ONE is going to give up an FM to acquire an AM.
> >
> > Now, here is a possibility, although it is unlikely to
> > affect the major markets. CC owns television stations in
> > several smaller markets, and could trade those for
> > Disney-owned radio stations in markets where either they
> are
> > still under ownership limits or could move a format to a
> > better signal. Such a deal would not incur the tax
> > liabilities, and benefits both parties, since CC's
> > television presence is much, much lower than radio.
> >
> > The same thinking is behind many analysts thinking Emmis
> > might do the deal with Disney; even more probable, in
> fact,
> > because Emmis has said they want to get out of television.
>
> >
> > Entercom has little presence outside of the Midwest and
> East
> > Coast, so they are probably a long shot.
> >
>
 
Re: Paul Harvey and other issues...

Sean is syndicated. Harvey is network property, not syndicated.
A very simple distinction.


> > It seems to me that often, the way that Clear-channel
> solves
> > problems is to buy them, and thus obtaining many of
> Disney's
> > talk stations is a logical move.
> > For example, Clear-channel recently switched many of their
>
> > Talk stations in large markets from ABC to Fox. The
> problem?
> > ABC would not let any of these stations run any
> programming
> > from ABC.
>
> Huh? Sean Hannity is syndicated by ABC Radio and is on many
> Clear Channel stations. He - among other ABC Talk talents -
> will continue to do so despite the switch - which hasn't
> occured on most CCU stations yet.
>
> The stations are quite happy to be getting RID OF Paul
> Harvey. He is THE FOSSIL that attracts a 55 to dead audience
> they don't want. ABC is the big loser here not Clear
> Channel. They gain big time by casting off Paul Harvey.
> Ultra liberal MSM dinosaur ABC News does not fit the feel of
> Clear Channel's conservative talk stations.
>
> And it is not just large market Clear Channel stations that
> are dropping ABC, ALL Clear Channel stations are dropping
> them where there isn't a current Fox affilate.
>
> In San Diego, as an example, they refused to let
> > them run Paul Harvey on KOGO. By purchasing some of these
> > stations (WLS, WABC, KABC), they essentially take control
> of
> > such programming.
> > You may also recall that Jacor took over the premier
> > networks, giving them control of Rush and Dr. Laura, and
> was
> > able to have no problems running them on their own
> stations.
> >
> >
> > I'm not even sure if Paul Harvey or Dr. Laura still makes
> > money for those stations, but that's one motive that comes
>
> > to mind.
> >
> >
> > > > Forgive me for extending further speculation on rumors
>
> > > about
> > > > ABC radio stations, but I want to hear your thoughts
> > about
> > >
> > > > this (Los Angeles) market with regard to 790 and CC.
> > > > Putting aside capital gains implications for a
> moment,if
> >
> > > > something were to happen, would CC want 790? Would it
>
> > be
> > > > worth CC giving up a strong FM, say 92.3, for a high
> > brand
> > >
> > > > equity AM? What would they do with 790? It seems to
> me
> >
> > > > that 790 might be the only one worth selling an FM for
>
> > but
> > > I
> > > > can't imagine how they would position it. I could see
>
> > > > Infinity going for 790. Entercom?
> > >
> > > While I am tired of the speculation as well, I have a
> > > thought which has been expressed on a number of boards
> > here.
> > >
> > >
> > > In markets where CC and Disney both own stations, CC is
> at
> >
> > > the ownership caps, thus the only possibilities are
> going
> > to
> > > be where CC might acquire a better signal for one of its
>
> > > existing formats.
> > >
> > > And neither CC or Disney is going to make a cash deal
> > > because of the tax implications. Nor will Infinity
> (which
> >
> > > is also maxed out in this market).
> > >
> > > NO ONE is going to give up an FM to acquire an AM.
> > >
> > > Now, here is a possibility, although it is unlikely to
> > > affect the major markets. CC owns television stations
> in
> > > several smaller markets, and could trade those for
> > > Disney-owned radio stations in markets where either they
>
> > are
> > > still under ownership limits or could move a format to a
>
> > > better signal. Such a deal would not incur the tax
> > > liabilities, and benefits both parties, since CC's
> > > television presence is much, much lower than radio.
> > >
> > > The same thinking is behind many analysts thinking Emmis
>
> > > might do the deal with Disney; even more probable, in
> > fact,
> > > because Emmis has said they want to get out of
> television.
> >
> > >
> > > Entercom has little presence outside of the Midwest and
> > East
> > > Coast, so they are probably a long shot.
> > >
> >
>
 
Re: Paul Harvey and other issues...

> Sean is syndicated. Harvey is network property, not
> syndicated.
> A very simple distinction.

ABC Radio does shop its syndicated fare to its affilates FIRST so your "distinction" isn't entirely correct.

One of the Clear Channel talk stations that I work with is dropping ABC Radio newscasts for Fox News in the next few weeks. 100's of listerners have e-mailed thank you's for getting rid of ABC News and their liberal bias. Again, this is a big PLUS for Clear Channel conservative talk stations.

>
>
> > > It seems to me that often, the way that Clear-channel
> > solves
> > > problems is to buy them, and thus obtaining many of
> > Disney's
> > > talk stations is a logical move.
> > > For example, Clear-channel recently switched many of
> their
> >
> > > Talk stations in large markets from ABC to Fox. The
> > problem?
> > > ABC would not let any of these stations run any
> > programming
> > > from ABC.
> >
> > Huh? Sean Hannity is syndicated by ABC Radio and is on
> many
> > Clear Channel stations. He - among other ABC Talk talents
> -
> > will continue to do so despite the switch - which hasn't
> > occured on most CCU stations yet.
> >
> > The stations are quite happy to be getting RID OF Paul
> > Harvey. He is THE FOSSIL that attracts a 55 to dead
> audience
> > they don't want. ABC is the big loser here not Clear
> > Channel. They gain big time by casting off Paul Harvey.
> > Ultra liberal MSM dinosaur ABC News does not fit the feel
> of
> > Clear Channel's conservative talk stations.
> >
> > And it is not just large market Clear Channel stations
> that
> > are dropping ABC, ALL Clear Channel stations are dropping
> > them where there isn't a current Fox affilate.
> >
> > In San Diego, as an example, they refused to let
> > > them run Paul Harvey on KOGO. By purchasing some of
> these
> > > stations (WLS, WABC, KABC), they essentially take
> control
> > of
> > > such programming.
> > > You may also recall that Jacor took over the premier
> > > networks, giving them control of Rush and Dr. Laura, and
>
> > was
> > > able to have no problems running them on their own
> > stations.
> > >
> > >
> > > I'm not even sure if Paul Harvey or Dr. Laura still
> makes
> > > money for those stations, but that's one motive that
> comes
> >
> > > to mind.
> > >
> > >
> > > > > Forgive me for extending further speculation on
> rumors
> >
> > > > about
> > > > > ABC radio stations, but I want to hear your thoughts
>
> > > about
> > > >
> > > > > this (Los Angeles) market with regard to 790 and CC.
>
> > > > > Putting aside capital gains implications for a
> > moment,if
> > >
> > > > > something were to happen, would CC want 790? Would
> it
> >
> > > be
> > > > > worth CC giving up a strong FM, say 92.3, for a high
>
> > > brand
> > > >
> > > > > equity AM? What would they do with 790? It seems
> to
> > me
> > >
> > > > > that 790 might be the only one worth selling an FM
> for
> >
> > > but
> > > > I
> > > > > can't imagine how they would position it. I could
> see
> >
> > > > > Infinity going for 790. Entercom?
> > > >
> > > > While I am tired of the speculation as well, I have a
> > > > thought which has been expressed on a number of boards
>
> > > here.
> > > >
> > > >
> > > > In markets where CC and Disney both own stations, CC
> is
> > at
> > >
> > > > the ownership caps, thus the only possibilities are
> > going
> > > to
> > > > be where CC might acquire a better signal for one of
> its
> >
> > > > existing formats.
> > > >
> > > > And neither CC or Disney is going to make a cash deal
> > > > because of the tax implications. Nor will Infinity
> > (which
> > >
> > > > is also maxed out in this market).
> > > >
> > > > NO ONE is going to give up an FM to acquire an AM.
> > > >
> > > > Now, here is a possibility, although it is unlikely to
>
> > > > affect the major markets. CC owns television stations
>
> > in
> > > > several smaller markets, and could trade those for
> > > > Disney-owned radio stations in markets where either
> they
> >
> > > are
> > > > still under ownership limits or could move a format to
> a
> >
> > > > better signal. Such a deal would not incur the tax
> > > > liabilities, and benefits both parties, since CC's
> > > > television presence is much, much lower than radio.
> > > >
> > > > The same thinking is behind many analysts thinking
> Emmis
> >
> > > > might do the deal with Disney; even more probable, in
> > > fact,
> > > > because Emmis has said they want to get out of
> > television.
> > >
> > > >
> > > > Entercom has little presence outside of the Midwest
> and
> > > East
> > > > Coast, so they are probably a long shot.
> > > >
> > >
> >
>
 
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