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CC Houston to sell KLOL and either KHMX or KTBZ

mrtexmex2007 said:
When is the required time? By when does CC have to sell these stations???
Click to expand...

They're saying "on or before March 15th."
 
Just thinking about valuation...old rule of thumb would have KHMX annual cash flow of 17M x 5 = 85M ... last sale in town was KRTS to Radio One for about 72M...I'm thinking KLOL with cash flow of 14M (?) x 5 = 70M ... hmmm, we HAFTA sell these IMMEDIATELY in a really crappy economy in a declining industry...155M x .8 = $120M-125M for both stations...


Dude radio multiples haven't been in the "5's" since the mid 80's. You really think KLOL is cash flowing 14m. I wish it were, but trust me it's not.
Keep studying
 
Hopefully with the sale of these stations, we can get something we've never had before like more variety for example, rhythmic ac, dance, or a combination of todays pop/ dance and rhythmic hits. I would rather prefer the combination of these that i listed. We have a void in this market for this music.
 
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