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CC sell off of Newnan/LaGrange?

K

kingcreole

Guest
I hope these synidicated programs on 720 AM are just a temporary fix until an all new budget and line up comes out. The change in programming could be a sign of things to come. With Pedicino gone and the nearest GM an hour or so away, could the Newnan/Lagrange stations be put on the market? I read on the Georgia board, Clear Channel sold a few non major market CC stations in North Ga were sold off.

Here's the orginal post:

Whitfield Communications picks up 5 north Georgia radio stations from Clear Channel. Dalton's 1230 WBLJ (N/T), 1430 WDAL (S) and 104.5 WYUU(AC) along with 98.9 WQMT (country) were sold for $ 3.85 million. Ringgold licensed 101.9 WTUN (clsc Country) was sold for 2.15 million to Whitfield as well.

It was announced that CC would be looking at selling non-core market radio stations so this does not represent a major sale-off.


I know the frequancies in the Newnan/Lagrange cluster are not strong enough to affect the arbitron ratings in Atlanta or Columbus. Yeah, I do know 720 gets to Atlanta, Columbus, and close to Birmingham; however, its not going to affect the ratings. CC really can't do much with the stations except compete with Tarkington and Gradick and both aren;t really big enough to worry about in the grand scheme of things...in the business world.

Since these stations are non-core..that raises the question of a sell off of the stations. CC might be more concerned with Columbus and Atlanta than the hole-in the-wall stations in Newnan...in corporate's eye. If CC sells the stations, it raises alot of questions. Could Pedicino try and buy them back? If not Pedicino, could Chuck Tarkington or Steve Gradick by the cluster (or Gradick take one or two while Tarkington takes the other(s))? Or could the stations be sold indivdually? What's in the deck for the stations?
 
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