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CC is so CCharitable!
- Thread starter DrAkbar
- Start date
catfish said:
When donkeys fly! (I think I just ticked off the PETA folks. ;D)
And don't even think about suggesting Lumberyard 1440--even though
Cheap Channel doesn't own it.
But if it becomes 95-point-five-fifty KFYI, after simulcasting for a few months
then the home of that great American, El Rushbo, settles in on 95.5 and CC
divvies up 550 and 910 between KOY and KGME, leaving 1230 kHz as the
donation poster boy.
The key is that CC doesn't just want 12 to a market, they want the AM/FM caps removed...so all 12 could be any mixture of the 2 bands...or all one band.
IF CC wanted to own 12 FMs in Phoenix, it could be done...and the donations to the Minority Media Telecom Council (which then facilitates getting donated stations licensed by minority broadcasters) makes it easy, with tax write-offs and the argument that the moves enhance diversity of ownership.
Let's say CC donates KFYI, KGME and KOY. MMTC finds 3 minority owners.
CC buys CBS/Phoenix and adds KOOL, KZON and KMLE to their cluster. That's 8 FMs.
CC buys Bonneville/Phoenix and adds KTAR-FM and KPKX to their cluster. That's 10 FMs.
CC donates KTAR-AM to the MMTC, which finds another minority owner.
CC buys Sandusky and adds KDKB, KUPD and KSLX to their cluster. That's 13 FMs. One too many.
So...
CC donates one of the 13 FMs to the MMTC along with KDUS and KAZG. MMTC finds 3 more minority owners.
CC's next biggest remaining competitor is Riviera...and CC gets to tell the DOJ with a straight face that CBS, Bonneville and Sandusky...3 corporate owners...have been replaced by 7 minority owners, enhancing diversity.
IF CC wanted to own 12 FMs in Phoenix, it could be done...and the donations to the Minority Media Telecom Council (which then facilitates getting donated stations licensed by minority broadcasters) makes it easy, with tax write-offs and the argument that the moves enhance diversity of ownership.
Let's say CC donates KFYI, KGME and KOY. MMTC finds 3 minority owners.
CC buys CBS/Phoenix and adds KOOL, KZON and KMLE to their cluster. That's 8 FMs.
CC buys Bonneville/Phoenix and adds KTAR-FM and KPKX to their cluster. That's 10 FMs.
CC donates KTAR-AM to the MMTC, which finds another minority owner.
CC buys Sandusky and adds KDKB, KUPD and KSLX to their cluster. That's 13 FMs. One too many.
So...
CC donates one of the 13 FMs to the MMTC along with KDUS and KAZG. MMTC finds 3 more minority owners.
CC's next biggest remaining competitor is Riviera...and CC gets to tell the DOJ with a straight face that CBS, Bonneville and Sandusky...3 corporate owners...have been replaced by 7 minority owners, enhancing diversity.
michael hagerty said:
I'm not so sure if CC wants to blow up the caps because they want to buy more stations of if the venture capital guys want to cash out CC and need the caps lifted so other groups could assume the CC stations, since it would be hard to find someone who isn't already in the market able to do a deal. Investment firms aren't known for holding on to their assets very long. Just a thought.
johndavis said:
A good one, too, John. But that would just mean that those other groups wind up with 12 stations in a market.
Now, admittedly, CBS and Bonneville haven't shown the tendency to run right up to the limit that CC has (CBS is one AM light in L.A....two if you count KFWB being in a trust...and 2 FMs and 3 AMs light in Phoenix), but let's say that CC/Phoenix gets sold to CBS. That's 3 AMs (KFYI, KGME and KOY) and 8 FMs (KOOL, KYOT, KMXP, KESZ, KZON, KNIX, KZZP and KMLE).
That's one below the 12-to-a-market limit, but do they really want 910 and 1230? Or any AMs at all, given that they probably wouldn't do their big-city all-news format in Phoenix? Start resolving those issues and pretty soon, the scenario looks like the CC one, just with CBS owning everything bigger than Riviera.
Dr. Akbar said:
Depends, Doc. MMTC would be getting 550, 620, 910 and one of the full-power FMs. That's four significant signals of the seven donated. If the FCC, DOJ and any judges that might be involved aren't smarter than the average fez-wearing Nurse, they might not consider that (or even 1060, 1230 and 1440) crap.
johndavis said:
I don't think Clear really wants to buy any more stations. I think it wants to prevent the FCC from considering a lowering of caps. Since 99% of the informal comments favor a rollback, Clear had to jump in and voice the points that permit its current business model.
Otherwise, the FCC could look at the comments and say, "everyone wants rollbacks." If there are strong, documented opposing views, they leave things alone or have hearings.
Were CC to be sold, it is more likely that the bankers would cash out via an IPO or some kind of private equity master shares. There is not the kind of demand to make anything else viable, and most potential buyers could not purchase even all the stations in the main clusters, requiring costly breakups of clusters and impairment of earnings.
DavidEduardo said:
Makes sense to the Middle Eastern Men of the Media. And anyway, how would CC come up with the dough to cash out SeeBS, TMISU and Gumpdusky? Nurse Jeff and I think we'll see more donations of Ancient Modulation stations that make CC look better in their critics' eyes. There is a Wal-Mart image hangin' over this outfit.
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