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Christian Contemporary Music Coming to 96.7, from New Rochelle NY

According to Tom Taylor's newsletter, Cox is selling WCTZ to EMF for a very respectable $15 million.
Is EMF the party that will be paying for construction of the new transmitting facilities in New Rochelle, NY? Will there be some sort of studio in this area for local announcements, or will the station be strictly a relay of the K-Love network?
 
K-Love's biggest station at the moment, WJKL in Chicago, does have a small local promotions office. Given the size of the New York market, I'd be surprised if they didn't do the same here.
 
encarta95 said:
K-Love's biggest station at the moment, WJKL in Chicago, does have a small local promotions office. Given the size of the New York market, I'd be surprised if they didn't do the same here.
Click to expand...

And the Wegener ipump sat system that EMF uses allows local insertion.. they can run local concert annoucements etc.. in the break windows on the EMF KLove Feed.
 
Can't believe it's only selling for $15 million when a station with a similar signal, 92.7, sold for over $100 million to Univision. Island Broadcasting wanted to sell WNYZ, a channel 6 LPTV with a worse signal than the new 96.7, for $15 million.
 
Nick said:
Can't believe it's only selling for $15 million when a station with a similar signal, 92.7, sold for over $100 million.
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92.7 went for $60 million. That was pre-recession... when a full signal was valued at between $200 and $300 million. A full signal went for $45 million 18 months ago... post recession.

$15 million is reasonable for today's market.
 
IIRC, Univision paid about $140 million for the weak 105.9 signal in the late 1990's. That would seem to be one of the biggest overpayments for a local frequency. They must have been desperate to get an FM frequency in the New York market for WCAA (now WXNY).
Of course Univision ended up offering it to the NY Times along with some cash as part of the deal to acquire the full power 96.3 signal. But they had to endure many years of very low ratings, due in large part to the poor signal from their expensive purchase of 105.9.
 
Barry said:
IIRC, Univision paid about $140 million for the weak 105.9 signal in the late 1990's. That would seem to be one of the biggest overpayments for a local frequency.
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Not in New York, but I believe the biggest overpay was probably SBS's purchase of what was KFSG in Los Angeles for some $250,000,000. KFSG was owned by The Church of the Four Square Gospel and played preaching programs and music, thus it was only a stick transaction. KFSG isn't even on Mount Wilson, but rather on the much shorter Verdugo Peak.
 
DToTheJ said:
Even with the impending sale, The Coast is still doing promotions. This Friday, they're scheduled to "welcome" Santa Claus:
http://www.connecticutplus.com/cplu...y-at-the-Stamford-Town-Center1066710667.shtml
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Well, at the speed these transactions usually move, it could be a very long time before the sale is actually completed, especially if they are waiting for a new transmitter to be constructed. I remember 3 years ago when they were supposed to move the transmitter to Yonkers. After about 2 years they finally figured out that was not going to happen. I have a feeling The Coast is still going to be around for a very long time.
 
They could just redirect their listeners to Star 99.9. In fact, when they have a closing date set, I think 96.7 will simulcast Star 99.9 for a month. That station covers most of 96.7's coverage area. In Stamford itself, the biggest obstacle to radio reception was overload from 96.7, which will be gone when it moves to New Rochelle.

They could go off the air for a week or so to move the transmitter to the new site. There's no point buying a new transmitter to install at the new site, especially if the station's being sold, since they would have invested in a transmitter but sold the license to operate it. They'll have nothing to lose by going off the air for the last week Cox owns 96.7.
 
Doesn't this whole move have to be coordinated with WTSX moving from Port Jervis to Lehman PA as well?
 
amisdead said:
Not in New York, but I believe the biggest overpay was probably SBS's purchase of what was KFSG in Los Angeles for some $250,000,000.
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Quite a few people went through the purchaser's financials filed with the SEC and determined that 100.3 in LA went for $400 million as part of a multistation deal with AMFM.
 
Barry said:
IIRC, Univision paid about $140 million for the weak 105.9 signal in the late 1990's.
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In December, 1997, the sale of WNWK to Heftel Broadcasting for $115 million plus WPAT (AM) was announced. Univivision purchased Hispanic Broadcasting about 5 years later.
 
KML-224 said:
How mangled will the reception of WQHT-FM 97.1 (HOT 97) get in Westchester County, once the WCTZ-FM transmitter goes to the Trump Tower in New Rochelle? (Picture of the building at the link.) Their existing transmitter wipes out WQHT in Stamford along I-95, no matter what type of Walkman I've used in all of my travels.

http://www.snapgalaxy.com/3738/77d58f3b77c990f7add1d7692bdf4192_m.jpg
Click to expand...

One should stay out of Stamford unless you're gonna be a guest on the Maury Show.

*my best Maury impression* "KML-224, you ARE NOT the father." ::)
 
Either that or Stamford-based WWE can buy it and use the transmitter to fuel their Stand Up For WWE propaganda. Titan Tower is very close by at 1241 East Main Street, are they not? ;)
 
KML-224 said:
How mangled will the reception of WQHT-FM 97.1 (HOT 97) get in Westchester County, once the WCTZ-FM transmitter goes to the Trump Tower in New Rochelle? (Picture of the building at the link.) Their existing transmitter wipes out WQHT in Stamford along I-95, no matter what type of Walkman I've used in all of my travels.

http://www.snapgalaxy.com/3738/77d58f3b77c990f7add1d7692bdf4192_m.jpg
Click to expand...

You can't exactly judge a station's signal by reception on a walkman. How many people still use those anyway?I have an mp3 player with FM tuner. Reception is pretty bad on most stations with that, but on my home or car stereo they come in fine. I routinely drive along I-95 and the Merritt through the Stamford area and never had a problem with Hot 97's signal on my car stereo.
 
I don't own an MP3 player or an I-Pod because I don't need one. I have a Panasonic AM/FM/CD "Walkman" and it works fine. I only have it with me on day trips. As for the Stamford overload, it's not quite as bad on the Merritt Parkway (CT Route 15), since it's another mile or so north, away from that transmitter.
 
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