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Citadel closing in on ABC

Re: KMKY Not Included?

Mr. Eduardo stated:

> every trade report, as well as Eisner and Iger´s respective
> statements has said that the brand extensions are not part
> ot the deal, either the statons or the networks of ESPN and
> Disney.


Be careful when you say "every":

Disney's senior EVP/CFO Thomas Staggs made it clear during this afternoon's earnings conference call (Aug. 9, 2005) that if there is a sale of any ABC Radio properties, it would comprise the owned and operated stations and not any of the company’s networks.

"ABC Radio is a premiere set of assets," Staggs said, "and the group is run by an exceptionally capable management team." The CFO acknowledged that Disney is "in the process of evaluating" a possible sale or "combination" but stressed that "we do not anticipate that ESPN or [the ABC] radio networks would be part of such a deal."

This report and variations on it -- based on the conference call noted here -- appeared in Reuters, Bloomberg, CNBC, Moodys and Billboard.

In the conference call, Disney's CFO "made it clear": O&O STATIONS yes, NETWORK no. Not "O&O stations -- except for the stations that are carrying Radio Disney and ESPN Radio."

I could not find a quote anywhere from ex-Disney CEO Michael Eisner saying that the company would keep the Radio Disney and ESPN Radio stations in the sale.

And, just for the sake of argument, answer this for me: could you seriously imagine a meeting among Disney/ABC executives in which they'd decide that it was okay to spin off marginal stations such as KGO and WABC ... but that they would keep prestigious properties like KMKY?

"We've gotta hang on to KMKY -- that's one of the jewels in the Radio Disney crown! But let's dump KGO; it's a perennial under-performer and a ratings loser."

DJ
 
Re: KMKY Not Included?

> Mr. Eduardo stated:
>
> > every trade report, as well as Eisner and Iger´s
> respective
> > statements has said that the brand extensions are not part
>
> > ot the deal, either the statons or the networks of ESPN
> and
> > Disney.
>
>
> Be careful when you say "every":
>
> Disney's senior EVP/CFO Thomas Staggs made it clear during
> this afternoon's earnings conference call (Aug. 9, 2005)
> that if there is a sale of any ABC Radio properties, it
> would comprise the owned and operated stations and not any
> of the company’s networks.

The Disney and ESPN stations are not part of the O&O radio group. They are part of the Disney and ESPN brands, and are marketing extensions in thier eyes, not radio stations.
>
> In the conference call, Disney's CFO "made it clear": O&O
> STATIONS yes, NETWORK no. Not "O&O stations -- except for
> the stations that are carrying Radio Disney and ESPN Radio."

Again, the radio stations in question are not part of the radio group, but part of Disney and ESPN.

> I could not find a quote anywhere from ex-Disney CEO Michael
> Eisner saying that the company would keep the Radio Disney
> and ESPN Radio stations in the sale.

Inside Radio, RBR, even R&R have reportedd that the branding extension stations will not be part of the sale.
>
> And, just for the sake of argument, answer this for me:
> could you seriously imagine a meeting among Disney/ABC
> executives in which they'd decide that it was okay to spin
> off marginal stations such as KGO and WABC ... but that they
> would keep prestigious properties like KMKY?

Absolutely. Both ESPN and Disney are bvrand enhancements for very valuable franchise trademarks. You are thinking ¨radio¨ and they are thinking ¨marketing.¨
>
> "We've gotta hang on to KMKY -- that's one of the jewels in
> the Radio Disney crown! But let's dump KGO; it's a perennial
> under-performer and a ratings loser."

It´s about the brand. Niether ESPN Radio nor Radio Disney are supposed to be profit centers... they enhance the overlying brand.
 
Re: KMKY Not Included?

This time around, Mr. Eduardo said:

> Both ESPN and Disney are bvrand enhancements for very valuable franchise trademarks. You are thinking ¨radio¨ and they are thinking ¨marketing.¨


Let me cover your second comment first: please don't tell me what I'm thinking.

Now, back to your first comment: that has been my point all along, but you just ain't getting it.

The stations are not the vehicle for the "brand enhancements" -- the networks are. You don't have to own a radio station to market your brand; you can LMA a station for that, or sign an affiliate agreement.

> The Disney and ESPN stations are not part of the O&O radio group. They are part of the Disney and ESPN brands...

Ummm, no they aren't. The Disney/ABC O&O stations may have different corporate names as licensees, but they are all under the same ownership: The Walt Disney Company.

Have a look at:

http://www.publicintegrity.org/telecom/analysis/CompanyProfile.aspx?HOID=8034#Radio

The subsidiary names that are listed aren't separate, autonomous businesses. They are Disney owned-and-operated companies. Period.

Please note that there is no "ESPN Radio Group" of O&O stations. For example, the ESPN Radio station in Los Angeles (KSPN/710) is owned by "KABC-AM Radio, Inc." (as are KABC/790 and KDIS/1110, which just happens to be the Radio Disney outlet in L.A.) -- and "KABC-AM Radio, Inc." is a wholly-owned subsidiary of The Walt Disney Company.

None of the four other Disney O&O stations that carry ESPN Radio are under the same corporate licensee name. You are confusing the programming networks with the stations. The network is the brand extension; the station is just a bunch of equipment and an FCC license.

Let's take it one more step: KDZR/1640 in Lake Oswego, Ore., is owned by Radio Disney. So is KKSL/1290 in the same town. The former broadcasts Radio Disney programming. The latter doesn't, but it's still owned by Radio Disney! So, in essence, what you're saying is that Disney won't be selling either of them because they are "Radio Disney" stations.

Beyond that, are you saying that you are correct and that the Chief Financial Officer of Disney is wrong? And beyond that, could you please post links to the quotes by Eisner and Iger that you referred to?

DJ
 
Re: KMKY Not Included?

>This time around, Mr. Eduardo said:

Eduardo is a given name... like Jean Paul.

>> Both ESPN and Disney are bvrand enhancements for very valuable franchise trademarks. You are thinking ¨radio¨ and they are thinking ¨marketing.¨

>Let me cover your second comment first: please don't tell me what I'm thinking.

Disney is a company of companies. It has internal divisions. The radio division operates all stations, including thier assests, except Radio Disney and ESPN
Radio. These radio operations, including the network and its associated radio assets, are operated by the Disney division and the ESPN division, espectively. They are not run by radio.

>Now, back to your first comment: that has been my point all along, but you just
>ain't getting it.

>The stations are not the vehicle for the "brand enhancements" -- the networks are.
>You don't have to own a radio station to market your brand; you can LMA a station for that, or sign an affiliate agreement.

The ESPN and Disney radio brands are not intended to be major profit centers, if at all. The Disney company, meaning the overall corporation, not the Disney
Entertainment brand, uses these to promote the brands. In other words, the model is not advertising ssales drivin, but branding driven. Radio Disney is not making money on ad sales, but is helping to reinforce the overall brand.

This is analogous to Bloomberg's New York AM, which is definitely not a profit center, but a very crucial part of keeping the profitabl eBloomberg services in the minds of the NY financial community. In other words, the station, overall, is a commercial for the financial services.

>> The Disney and ESPN stations are not part of the O&O radio group. They are part of the Disney and ESPN brands...

>Ummm, no they aren't. The Disney/ABC O&O stations may have different corporate names as licensees, but they are all under the same ownership: Disney's.

That is irrelvant and immaterial. Disney has multiple operating divisions. The Disney radio operation and the ESPN radio operation are not part of the ABC Radio division, but, instead of the Entertainment and ESPN divisions of DIsney. They are, for all practical purposes, only incidentally radio stations and primarily brand extentions for non-radio brands.

> Have a look at:

> http://www.publicintegrity.org/telecom/analysis/CompanyProfile.aspx?HOID=8034#Radio

> The subsidiary names that are listed aren't separate, autonomous businesses. They are Disney owned-and-operated companies. Period.

We know that. However, the Radio Disney stations and programming is not part of the Radio division, nor is ESPN radio. They use local cluster facilities, but report to the brands.

>Please note that there is no "ESPN Radio Group" of O&O stations. For example, the ESPN Radio station in Los Angeles (KSPN/710) is owned by "KABC-AM Radio,
>Inc." (as are KABC/790 and KDIS/1110, which just happens to be the Radio Disney outlet in L.A.) -- a wholly-owned subsidiary of The Walt Disney Company.

we are not talking corporations here, but operating divisions. ESPN is a separate division, and it operates the radio brand. Disney Entertainment is a

separate division, and is responsible for the Radio Disney brands. This is jus tlike the fact that Jeep and Mercedes Bends are Daimler Chrysler brands, but
all owned by DC... but the Jeep executives do not design the next Benz.

>None of the four other Disney O&O stations that carry ESPN Radio are under the same corporate licensee name. You are confusing the programming networks with
>the stations. The network is the brand extension; the station is just a bunch of equipment and an FCC license.

That is irrelevant. All are subsidieries of Disney. And internally, the ESPN and Disney stations are part of different divisions.

You are mistaking legal entities that own licences for operating divisions. Operating divisions are administrative, and this is why there are different
groupings. Of course, Inside Radio and RBR and R&R and such have all said this over and over.
 
Re: KMKY Not Included?

[snip] This is jus tlike the fact that Jeep and Mercedes Bends are Daimler Chrysler brands, but all owned by DC... but the Jeep executives do not design the next Benz. [/snip]

But, MBZ did design the Chrysler Crossfire....
 
Re: KMKY Not Included?

> Mr. Eduardo stated:
>
> > every trade report, as well as Eisner and Iger´s
> respective
> > statements has said that the brand extensions are not part
>
> > ot the deal, either the statons or the networks of ESPN
> and
> > Disney.
>
>
> Be careful when you say "every":
>
> Disney's senior EVP/CFO Thomas Staggs made it clear during
> this afternoon's earnings conference call (Aug. 9, 2005)
> that if there is a sale of any ABC Radio properties, it
> would comprise the owned and operated stations and not any
> of the company’s networks.
>
> "ABC Radio is a premiere set of assets," Staggs said, "and
> the group is run by an exceptionally capable management
> team." The CFO acknowledged that Disney is "in the process
> of evaluating" a possible sale or "combination" but stressed
> that "we do not anticipate that ESPN or [the ABC] radio
> networks would be part of such a deal."
>
> This report and variations on it -- based on the conference
> call noted here -- appeared in Reuters, Bloomberg, CNBC,
> Moodys and Billboard.
>
> In the conference call, Disney's CFO "made it clear": O&O
> STATIONS yes, NETWORK no. Not "O&O stations -- except for
> the stations that are carrying Radio Disney and ESPN Radio."
>
>
> I could not find a quote anywhere from ex-Disney CEO Michael
> Eisner saying that the company would keep the Radio Disney
> and ESPN Radio stations in the sale.
>
> And, just for the sake of argument, answer this for me:
> could you seriously imagine a meeting among Disney/ABC
> executives in which they'd decide that it was okay to spin
> off marginal stations such as KGO and WABC ... but that they
> would keep prestigious properties like KMKY?
>
> "We've gotta hang on to KMKY -- that's one of the jewels in
> the Radio Disney crown! But let's dump KGO; it's a perennial
> under-performer and a ratings loser."
>
> DJ
>

Ok Folks, I work at KGO and KSFO and I think YOU should know what we know:

Quick Answer...Nothing. That Includes an email from the President of ABC Radio
John Hare who said on Tuesday he didn't know either. But It was business as usuall.

Here is what the EMPLOYEE's Of KGO/KSFO have always known about the sale and how it would probably be done.

ESPN Radio and their affiliates and Radio Disney are not part of the deal.

The Sale would include ALL 71 of the radio stations ABC/Disney owns.

In the Bay Area, KSFO and KGO are ABC O/O

The Networks were not included.

The Sale is really a merger. The Buyer Company and ABC Radio would be merged into a newly created company. Disney would own 50.1 percent the other folks
would get 49.9% Disney would have controling interest. Disney would have a seat on the board.

The Merger/Sale would need to be executed as a "Reverse Morris Trust" So Disney would not get killed on taxes on the sale.

The Buying company would manage all the assets in the newly created company.

If as speculated by many folks, here and on BA Broadcast, that Citadel would soon start dumping ABC assets. The tax conseqences for Disney would be there
again. If Disney didn't care about the taxes, they would have broken up and sold the stations themselves...

If anyone here ever picks up a Broadcast Trade Journal you would know what I say is true, but then I only work there.

I recommend Inside Radio from This Past Tuesday. Or the M Street from Tuesday.
They did great articles on this potential deal.

Now I realize that logic and radio don't belong in the same sentance most of the time, but, A smart person, who did research, or read the broadcast trades
would find out that Citadel upon merging with ABC will own aprx. 291 stations
making them the #3 radio group with a a combined income of 900 million a year.
That is according to inside radio. ABC operates in the top 25 markets. Citadel does not. It would also make the new combined ABC/Citadel a nice takeover target. The line from the trade Inside Radio was "Citadel had to grow or Die"
Why would you buy a Set of assets like ABC Radio to sell them off? sell off your
small and medium Mkt stuff first and keep the big ones, where the money is from
national and local advertising.

The folks at Citadel may be small/medium operators but they are not stupid.
Will they make changes, probably. Will they blow places up wholesale, not likely. If you walked into KGO and KSFO and fired everyone. It would cost millions and I meen millions in severace pay. Union Contracts, personal contracts, Management Contracts...Your ratings would die and you would have a Turkey you couldn't sell. Not real smart. If you sold it off to say a Clear Channel as speculated by folks on BA broadcast they would have the same problem if they did the same thing. This is not a music staion it's a newstalk...Translation expensive to run. It's Not an RDS unit with a DJ from Idaho doing Voice tracks for SF.

Faried Sulemon, run's Citadel, go get a copy of "Radio Ink" from 2002, don't know what month, read about this guy. He's a Ballbuster but he's sucessful.
He ran Infinity for Mel. Took it from 8 million to 2 Billion when he left.

And while you well intentioned under informed folks sit here and guess, realize
there are 71 radio stations in other markets that are going through what the
nice folks at KGO and KSFO are going through too.

Give us a break, YOU KNOW Nothing...Just like the employees...You may know less If you really LOVE radio, as most of you claim, then have some compassion for the people who make the product you claim you love.

There are only 2 folks who know if this is gonna happen. One is Iger the
other is Sulemon,and a large group of Attornies and Investment bankers.

Now you know what the employee's of KGO/KSFO and ABC radio know.

PS. To David Edwardo and DJ. Thanks for trying to explain on both sites what's going on. Only one problem, No one is listening. Guessing is so much more fun...oh I'm sorry, it's not Guessing, It's speculation...No wait it's guessing.
 
Re: KMKY Not Included?

ProductionBoy wrote:

> Here is what the EMPLOYEE's Of KGO/KSFO have always known
> about the sale and how it would probably be done.
>
> ESPN Radio and their affiliates and Radio Disney are not
> part of the deal.

Of course "their affiliates" are not part of the deal. You can't sell the affiliates because you don't own them -- those are "owned and operated" stations.

> The Sale would include ALL 71 of the radio stations
> ABC/Disney owns. ...In the Bay Area, KSFO and KGO are ABC O/O

...And so is KMKY. Every list -- excuse me, but let me shout that so everyone gets it - EVERY LIST that I've seen of the 71 radio stations that Disney/ABC owns shows three O&O stations in the Bay Area: KGO, KSFO and KMKY.

Show me a list of the 71 stations that Disney/ABC owns that doesn't show those three stations on it.

Here's the bottom line, ProductionBoy: if the sale (or Reverse Morris Trust) is finalized, and KMKY/1310 is not included in the transaction and remains under the ownership of The Walt Disney Company, I'm taking you and Mr. Eduardo out for dinner in the city.

I won't even ask for a reciprocal arrangement.

DJ
 
Re: KMKY Not Included?

I don't think they're selling, because its taking so long.



Here is what the EMPLOYEE's Of KGO/KSFO have always known
> > about the sale and how it would probably be done.
> >
> > ESPN Radio and their affiliates and Radio Disney are not
> > part of the deal.
>
> Of course "their affiliates" are not part of the deal. You
> can't sell the affiliates because you don't own them --
> those are "owned and operated" stations.
>
> > The Sale would include ALL 71 of the radio stations
> > ABC/Disney owns. ...In the Bay Area, KSFO and KGO are ABC
> O/O
>
> ...And so is KMKY. Every list -- excuse me, but let me shout
> that so everyone gets it - EVERY LIST that I've seen of the
> 71 radio stations that Disney/ABC owns shows three O&O
> stations in the Bay Area: KGO, KSFO and KMKY.
>
> Show me a list of the 71 stations that Disney/ABC owns that
> doesn't show those three stations on it.
>
> Here's the bottom line, ProductionBoy: if the sale (or
> Reverse Morris Trust) is finalized, and KMKY/1310 is not
> included in the transaction and remains under the ownership
> of The Walt Disney Company, I'm taking you and Mr. Eduardo
> out for dinner in the city.
>
> I won't even ask for a reciprocal arrangement.
>
> DJ
>
 
Re: KMKY Not Included?

> ProductionBoy wrote:
>
> > Here is what the EMPLOYEE's Of KGO/KSFO have always known
> > about the sale and how it would probably be done.
> >
> > ESPN Radio and their affiliates and Radio Disney are not
> > part of the deal.
>
> Of course "their affiliates" are not part of the deal. You
> can't sell the affiliates because you don't own them --
> those are "owned and operated" stations.
>
> > The Sale would include ALL 71 of the radio stations
> > ABC/Disney owns. ...In the Bay Area, KSFO and KGO are ABC
> O/O
>
> ...And so is KMKY. Every list -- excuse me, but let me shout
> that so everyone gets it - EVERY LIST that I've seen of the
> 71 radio stations that Disney/ABC owns shows three O&O
> stations in the Bay Area: KGO, KSFO and KMKY.
>
> Show me a list of the 71 stations that Disney/ABC owns that
> doesn't show those three stations on it.
>
> Here's the bottom line, ProductionBoy: if the sale (or
> Reverse Morris Trust) is finalized, and KMKY/1310 is not
> included in the transaction and remains under the ownership
> of The Walt Disney Company, I'm taking you and Mr. Eduardo
> out for dinner in the city.
>
> I won't even ask for a reciprocal arrangement.
>
> DJ
>
Can I get a free meal too? As I stated in this thread on January 24 at 3:40am, KMKY will not be a part of the sale. It has been said that the Radio Disney signals will not be a part of the sale. Period. Why can't you let it go? Forget what you call O&Os. Disney has always, always, always reserved the ESPN and Radio Disney stations as opted-out of any deal. Plus, the $3bil is for a 50% stake in a new venture. It is not for a controlling interest.
 
Re: KMKY Not Included?

>
> ...And so is KMKY. Every list -- excuse me, but let me shout
> that so everyone gets it - EVERY LIST that I've seen of the
> 71 radio stations that Disney/ABC owns shows three O&O
> stations in the Bay Area: KGO, KSFO and KMKY.

Those are lists of what Disney as a corporation owns.

What we are saying to you is that some of them, the owned ESPN and Disney ones, are not part of the radio division, but part of the Disney Entertainment and ESPN divisions and are not part of the Citadel deal as described as recently as last week in Inside Radio.
>
> Show me a list of the 71 stations that Disney/ABC owns that
> doesn't show those three stations on it.

You are missing the point. GE makes light bulbs and Jet Engines. But the two divisions are separate, including management.
>
> Here's the bottom line, ProductionBoy: if the sale (or
> Reverse Morris Trust) is finalized, and KMKY/1310 is not
> included in the transaction and remains under the ownership
> of The Walt Disney Company, I'm taking you and Mr. Eduardo
> out for dinner in the city.

Every report, every interview, going back to when Eisner was CEO, said the branded stations are not part of the auction. In fact, why would Citadel want the Disney staitons, as they do not make money... and Disney does not want to lose the branding.
 
Re: Citadel sale announcement

> I don't think they're selling, because its taking so long.

Inside Radio and RBR say the announcement will probably be coming this week.
 
Re: KMKY Not Included?

> ProductionBoy wrote:
>
> > Here is what the EMPLOYEE's Of KGO/KSFO have always known
> > about the sale and how it would probably be done.
> >
> > ESPN Radio and their affiliates and Radio Disney are not
> > part of the deal.
>
> Of course "their affiliates" are not part of the deal. You
> can't sell the affiliates because you don't own them --
> those are "owned and operated" stations.
>
> > The Sale would include ALL 71 of the radio stations
> > ABC/Disney owns. ...In the Bay Area, KSFO and KGO are ABC
> O/O
>
> ...And so is KMKY. Every list -- excuse me, but let me shout
> that so everyone gets it - EVERY LIST that I've seen of the
> 71 radio stations that Disney/ABC owns shows three O&O
> stations in the Bay Area: KGO, KSFO and KMKY.
>
> Show me a list of the 71 stations that Disney/ABC owns that
> doesn't show those three stations on it.
>
> Here's the bottom line, ProductionBoy: if the sale (or
> Reverse Morris Trust) is finalized, and KMKY/1310 is not
> included in the transaction and remains under the ownership
> of The Walt Disney Company, I'm taking you and Mr. Eduardo
> out for dinner in the city.
>
> I won't even ask for a reciprocal arrangement.
>
> DJ
>


Well, that's a nice offer. I'll pick out somthing nice. Boulavard is my
choice. David you'll love it.

DJ, I work there, I'm telling you what as always been said to the
employee's since this thing started.

Radio Disney was an Eisner creation.His Idea was to build Lifetime Disney Customers. Radio Disney is a 24/7 infomercial for Disney. They overpaid for a bunch of Losser AM's,and at last count Disney owned 39 of the 50 R/D outlets outright. then 11 +/- Stations took the format as licencee's. Radio Disney and The Few ESPN stations they own will stay with The Disney Unit and ABC/ESPN Unit after any sale.They are, as David said, "Brand Extensions" Which is what Disney Loves...It won't be just Pixar...It will be Disney/Pixar.

They are not part of the ABC Radio Stations for sale. BTW, as I was
researching my prospective New Employers, I noticed that Citadel has
at least 1 station that has an ESPN format. So, obviously the Format
can be bought, just like the Radio Disney format.

David is correct, Radio Disney is a part of the Entertainment Division.
Owened By ABC. Not Part of ABC Radio.
Same Company Different Division.
 
Re: KMKY Not Included?

I havn't seen anything on R&R about this.

Link?
>
>
> Here is what the EMPLOYEE's Of KGO/KSFO have always known
> > > about the sale and how it would probably be done.
> > >
> > > ESPN Radio and their affiliates and Radio Disney are not
>
> > > part of the deal.
> >
> > Of course "their affiliates" are not part of the deal. You
>
> > can't sell the affiliates because you don't own them --
> > those are "owned and operated" stations.
> >
> > > The Sale would include ALL 71 of the radio stations
> > > ABC/Disney owns. ...In the Bay Area, KSFO and KGO are
> ABC
> > O/O
> >
> > ...And so is KMKY. Every list -- excuse me, but let me
> shout
> > that so everyone gets it - EVERY LIST that I've seen of
> the
> > 71 radio stations that Disney/ABC owns shows three O&O
> > stations in the Bay Area: KGO, KSFO and KMKY.
> >
> > Show me a list of the 71 stations that Disney/ABC owns
> that
> > doesn't show those three stations on it.
> >
> > Here's the bottom line, ProductionBoy: if the sale (or
> > Reverse Morris Trust) is finalized, and KMKY/1310 is not
> > included in the transaction and remains under the
> ownership
> > of The Walt Disney Company, I'm taking you and Mr. Eduardo
>
> > out for dinner in the city.
> >
> > I won't even ask for a reciprocal arrangement.
> >
> > DJ
> >
>
 
Re: KMKY Not Included?

> I havn't seen anything on R&R about this.

It has been constantly in Inside Radio and RBR since the idea of a sale was introduced around a year ago.
 
Re: KMKY Not Included?

> > I havn't seen anything on R&R about this.
>
> It has been constantly in Inside Radio and RBR since the
> idea of a sale was introduced around a year ago.
>
The sale idea started around June or July. I know it's true because I heard Gene Burns talkling about it one night.
 
Re: KMKY Not Included?

> > > I havn't seen anything on R&R about this.
> >
> > It has been constantly in Inside Radio and RBR since the
> > idea of a sale was introduced around a year ago.
> >
> The sale idea started around June or July. I know it's true
> because I heard Gene Burns talkling about it one night.
>

Actually, the sale idea came up int he 2004 operating results investor and analyst call in early 2005, and was renewed mid year when Iger took over. A June 5 Inside Radio even names the companies bidding.
 
Re: KMKY Not Included?

> > I havn't seen anything on R&R about this.
>
> It has been constantly in Inside Radio and RBR since the
> idea of a sale was introduced around a year ago.
>
An announcment is coming Monday according to R&R.
 
Re: excluding ESPN RADIO and RADIO DISNEY

> > > I havn't seen anything on R&R about this.
> >
> > It has been constantly in Inside Radio and RBR since the
> > idea of a sale was introduced around a year ago.
> >
> An announcment is coming Monday according to R&R.

Per Allaccess, it does not include the Radio Disney nor the ESPN stations.

Here is a bit of the story...
"ABC-Citadel Deal Rumored To Be Imminent
ALL ACCESS hears from numerous sources in both camps that the official announcement of the ABC RADIO-CITADEL deal is imminent, with some saying the deal could be finalized by next week. The price will be close to $3 billion for ABC RADIO's stations, excluding ESPN RADIO and RADIO DISNEY. "
 
Re: You misread this all along.

> > KMKY isn't part of this dumb deal. I'm very upset!
> Another
> > heritage radio station down the tubes. :(
>
>
> Are you sure that KMKY isn't included? The way I understood
> the offering, the Radio Disney *network* (programming, etc.)
> wasn't for sale because Disney would never give up the
> trademark rights and control over specific properties (like
> Mickey Mouse and other characters and properties that it
> merchandises).

All Access reports, along with all the other trades, that....

ABC-Citadel Deal Rumored To Be Imminent
ALL ACCESS hears from numerous sources in both camps that the official announcement of the ABC RADIO-CITADEL deal is imminent, with some saying the deal could be finalized by next week. The price will be close to $3 billion for ABC RADIO's stations, excluding ESPN RADIO and RADIO DISNEY.
 
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