• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Citadel Markets Up More Than 5% Nationally, But Knoxville Called Out in Report

J

jetfli

According to Business Wire's report of today's Citadel 2010 Second Quarter results announcement, the company's Radio Markets Segment was up 5.3% over last year. However, they go on to say, "Knoxville, TN, stations [were among those that] were lower when compared to the prior year quarter."

We know, of course, that next quarter, the Knoxville stations will look better now that they're saving 60 thou per month, right?
 
I don't think that's totally unexpected, considering multiple times in the past, Knoxville and Nashville were recognized as the most profitable markets for Citadel, especially during the height of the economic downturn.
 
If they only lose $100k in net monthly profit, that leaves a true loss of only $10k a week. WIVK might be able to make that up on its own.
 
trapper12 said:
The next quarter may show a savings of 60k/month bu t the ratings will show a loss as well as the advertising rates.
Click to expand...

I've always found it funny that they reported the lease as about 100k a month less than it actually was.
 
jetfli said:
According to Business Wire's report of today's Citadel 2010 Second Quarter results announcement, the company's Radio Markets Segment was up 5.3% over last year. However, they go on to say, "Knoxville, TN, stations [were among those that] were lower when compared to the prior year quarter."

We know, of course, that next quarter, the Knoxville stations will look better now that they're saving 60 thou per month, right?
Click to expand...


So if the other markets are up 5.3% and the Knoxville Citadel cluster is down 5%. Then the Knoxviulle cluster is really down 10.3%. The other thing that is interesting is the Paul O'Malley is responsible for two of the failing clusters Knoxville and Dallas.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom