A
Anyacat
Guest
Lee Anderson said:
Clear Channel can do any thing it wants and usually does. If it is in their best financial interest to take over a foreign company, they will do so.
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Clear Channel agrees to $19 billion takeover
- Thread starter DashRiprock
- Start date
Clear Channel can do any thing it wants and usually does. If it is in their best financial interest to take over a foreign company, they will do so.
T
ThisMarketSucks
Guest
Re: This Just In: ClearChannel sold!
Boise, ID - Market 203 1A 108
Lancaster, PA - Market 393 1A 113
Victorville, CA - Market 344 1A 127
Reading, PA - Market 147 1A 131
Shreveport, LA - Market 208 1A 132
Burlington, VT - Market 337 1A 136
Fayetteville, AR - Market 267 1A 141
Salisbury, MD - Market 347 1A 146
Ann Arbor, MI - Market 350 1A 147
Tyler, TX - Market 288 1A 149
Albany, OR - Market 230 1A 150
Montgomery, AL - Market 300 1A 151
Huntington, WV - Market 329 1A 156
Rome/Utica, NY - Market 151 1A 159
Poughkeepsie, NY - Market 339 1A 162
Anchorage, AK - Market 248 1A 172
San Luis Obispo, CA - Market 384 1A 173
Lincoln, NE - Market 273 1A 176
Fort Smith, AR - Market 268 1A 177
Binghamton, NY - Market 245 1A 179
Lebanon, NH - Market 392 1A 180
Lubbock, TX - Market 284 1A 182
Midland/Odessa TX - Market 286 1A 188
Tupelo, MS - Market 379 1A 189
Amarillo, TX - Market 277 1A 195
Yakima, WA - Market 242 1A 201
Tri-Cities, WA - Market 407 1A 202
Duluth, MN - Market 424 1A 204
Santa Barbara, CA - Market 186 1A 207
Medford, OR - Market 231 1A 212
Bangor, ME - Market 352 1A 216
Fargo, ND - Market 361 1A 223
Laurel, MS - Market 381 1A 227
Rochester, MN - Market 371 1A 230
Charlottesville, VA - Market 174 1A 231
Muskegon, MI - Market 375 1A 232
Marion/Carbondale, IL - Market 380 1A 235
Eau Claire, WI - Market 348 1A 242
Abilene, TX - Market 360 1A 243
Wheeling, WV - Market 330 1A 248
Lima, OH - Market 220 1A 249
Parkersburg, WV - Market 410 1A 249.1
Battle Creek, MI - Market 294 1A 258
Billings, MT - Market 403 1A 260
Wichita Falls, TX - Market 387 1A 261
Texarkana, TX - Market 287 1A 262
Augusta, ME - Market 377 1A 266
Williamsport, PA - Market 159 1A 269
Sioux City, IA - Market 395 1A 272
Mankato, MN - Market 370 1A 273
Lawton, OK - Market 276 1A 282
Cookeville, TN - Market 107 1A 284
Bismarck, ND - Market 211 1A 285
Grand Forks, ND - Market 244 1A 287
Jonesboro, AR - Market 374 1A 289
Cheyenne, WY - Market 240 1A 290
The Florida Keys, FL - Market 123 1A 291
Mason City, IA - Market 372 1A 292
Meridian, MS - Market 408 1A 295
Casper, WY - Market 239 1A 297
Ashland/Mansfield, OH - Market 369 1A NR
Ashtabula, OH - Market 368 1A NR
Bozeman, MT - Market 404 1A NR
Burlington, IA - Market 197 1A NR
Centralia, WA - Market 237 1A NR
Chillicothe, OH - Market 214 1A NR
Defiance, OH - Market 217 1A NR
Dickinson, ND - Market 363 1A NR
Fairbanks, AK - Market 249 1A NR
Farmington, NM - Market 262 1A NR
Findlay/Tiffin, OH - Market 218 1A NR
Fort Dodge, IA - Market 200 1A NR
Frankfort, KY - Market 411 1A NR
Gadsden, AL - Market 298 1A NR
Gallup, NM - Market 362 1A NR
Laramie, WY - Market 420 1A NR
Lufkin, TX - Market 285 1A NR
Marion, OH - Market 222 1A NR
Minot, ND - Market 246 1A NR
Missoula, MT - Market 405 1A NR
Ogallala, NE - Market 274 1A NR
Pocatello, ID - Market 204 1A NR
Randolph, VT - Market 390 1A NR
Sandusky, OH - Market 223 1A NR
Shelby, MT - Market 406 1A NR
Somerset, KY - Market 391 1A NR
Springfield, IL - Market 292 1A NR
Twin Falls, ID - Market 206 1A NR
Victoria, TX - Market 289 1A NR
Yuma, AZ - Market 260 1A NR
wangchung said:
Boise, ID - Market 203 1A 108
Lancaster, PA - Market 393 1A 113
Victorville, CA - Market 344 1A 127
Reading, PA - Market 147 1A 131
Shreveport, LA - Market 208 1A 132
Burlington, VT - Market 337 1A 136
Fayetteville, AR - Market 267 1A 141
Salisbury, MD - Market 347 1A 146
Ann Arbor, MI - Market 350 1A 147
Tyler, TX - Market 288 1A 149
Albany, OR - Market 230 1A 150
Montgomery, AL - Market 300 1A 151
Huntington, WV - Market 329 1A 156
Rome/Utica, NY - Market 151 1A 159
Poughkeepsie, NY - Market 339 1A 162
Anchorage, AK - Market 248 1A 172
San Luis Obispo, CA - Market 384 1A 173
Lincoln, NE - Market 273 1A 176
Fort Smith, AR - Market 268 1A 177
Binghamton, NY - Market 245 1A 179
Lebanon, NH - Market 392 1A 180
Lubbock, TX - Market 284 1A 182
Midland/Odessa TX - Market 286 1A 188
Tupelo, MS - Market 379 1A 189
Amarillo, TX - Market 277 1A 195
Yakima, WA - Market 242 1A 201
Tri-Cities, WA - Market 407 1A 202
Duluth, MN - Market 424 1A 204
Santa Barbara, CA - Market 186 1A 207
Medford, OR - Market 231 1A 212
Bangor, ME - Market 352 1A 216
Fargo, ND - Market 361 1A 223
Laurel, MS - Market 381 1A 227
Rochester, MN - Market 371 1A 230
Charlottesville, VA - Market 174 1A 231
Muskegon, MI - Market 375 1A 232
Marion/Carbondale, IL - Market 380 1A 235
Eau Claire, WI - Market 348 1A 242
Abilene, TX - Market 360 1A 243
Wheeling, WV - Market 330 1A 248
Lima, OH - Market 220 1A 249
Parkersburg, WV - Market 410 1A 249.1
Battle Creek, MI - Market 294 1A 258
Billings, MT - Market 403 1A 260
Wichita Falls, TX - Market 387 1A 261
Texarkana, TX - Market 287 1A 262
Augusta, ME - Market 377 1A 266
Williamsport, PA - Market 159 1A 269
Sioux City, IA - Market 395 1A 272
Mankato, MN - Market 370 1A 273
Lawton, OK - Market 276 1A 282
Cookeville, TN - Market 107 1A 284
Bismarck, ND - Market 211 1A 285
Grand Forks, ND - Market 244 1A 287
Jonesboro, AR - Market 374 1A 289
Cheyenne, WY - Market 240 1A 290
The Florida Keys, FL - Market 123 1A 291
Mason City, IA - Market 372 1A 292
Meridian, MS - Market 408 1A 295
Casper, WY - Market 239 1A 297
Ashland/Mansfield, OH - Market 369 1A NR
Ashtabula, OH - Market 368 1A NR
Bozeman, MT - Market 404 1A NR
Burlington, IA - Market 197 1A NR
Centralia, WA - Market 237 1A NR
Chillicothe, OH - Market 214 1A NR
Defiance, OH - Market 217 1A NR
Dickinson, ND - Market 363 1A NR
Fairbanks, AK - Market 249 1A NR
Farmington, NM - Market 262 1A NR
Findlay/Tiffin, OH - Market 218 1A NR
Fort Dodge, IA - Market 200 1A NR
Frankfort, KY - Market 411 1A NR
Gadsden, AL - Market 298 1A NR
Gallup, NM - Market 362 1A NR
Laramie, WY - Market 420 1A NR
Lufkin, TX - Market 285 1A NR
Marion, OH - Market 222 1A NR
Minot, ND - Market 246 1A NR
Missoula, MT - Market 405 1A NR
Ogallala, NE - Market 274 1A NR
Pocatello, ID - Market 204 1A NR
Randolph, VT - Market 390 1A NR
Sandusky, OH - Market 223 1A NR
Shelby, MT - Market 406 1A NR
Somerset, KY - Market 391 1A NR
Springfield, IL - Market 292 1A NR
Twin Falls, ID - Market 206 1A NR
Victoria, TX - Market 289 1A NR
Yuma, AZ - Market 260 1A NR
Re: This Just In: ClearChannel sold!
Surprisingly, there are very few Southeastern markets on the block, none of them in Georgia. So, that must mean CC will keep all of its stations in the Peach State, right? Does anybody know?
ThisMarketSucks said:
Surprisingly, there are very few Southeastern markets on the block, none of them in Georgia. So, that must mean CC will keep all of its stations in the Peach State, right? Does anybody know?
D
dbdigital
Guest
Re: This Just In: ClearChannel sold!
Unfortunately no bargains if this opinion by a broker is to be believed.
"Veteran broker Frank Boyle tells R&R he expects the pricing on this sale to be a lot like what CBS pushed through when it put its stations out for bid last summer. In Boyle talk: “Steep.” “I think there will be some steep pricing and I think they will drive a hard bargain,” Boyle says. He also expect that Goldman, Sachs & Co. will ride herd on the sale and that “for brokers like myself, we’ll not be on the first two or three tiers, it’ll be the Wall Street guys [who get first pick at the inventory]. Then it’ll get down to 10 or 15 guys like me who have an inventory of ready buyers.”
And all we need is another media conglomerate.
"...could spawn the beginning of a new ownership era for many individuals and groups, Blackburn and Boyle tell R&R. Boyle says that with so many stations being available for purchase at once, the “emergency of four-to six new groups that would use this as seed groups” is possible. Blackburn acknowledged that, while remote, there is always the chance that a company might come “out of nowhere with zero stations and [buy] 100 or 200 stations.”
http://www.radioandrecords.com/radi...article_display.jsp?vnu_content_id=1003409230
db
wangchung said:
Unfortunately no bargains if this opinion by a broker is to be believed.
"Veteran broker Frank Boyle tells R&R he expects the pricing on this sale to be a lot like what CBS pushed through when it put its stations out for bid last summer. In Boyle talk: “Steep.” “I think there will be some steep pricing and I think they will drive a hard bargain,” Boyle says. He also expect that Goldman, Sachs & Co. will ride herd on the sale and that “for brokers like myself, we’ll not be on the first two or three tiers, it’ll be the Wall Street guys [who get first pick at the inventory]. Then it’ll get down to 10 or 15 guys like me who have an inventory of ready buyers.”
And all we need is another media conglomerate.
"...could spawn the beginning of a new ownership era for many individuals and groups, Blackburn and Boyle tell R&R. Boyle says that with so many stations being available for purchase at once, the “emergency of four-to six new groups that would use this as seed groups” is possible. Blackburn acknowledged that, while remote, there is always the chance that a company might come “out of nowhere with zero stations and [buy] 100 or 200 stations.”
http://www.radioandrecords.com/radi...article_display.jsp?vnu_content_id=1003409230
db
Out of nowhere like Peak Broadcasting that has just purchased CBS Radio's Fresno, CA. cluster for $90 Million dollars cash. CEO Todd Lawley says this is only their first purchase and that Peak will begin programming the stations under an LMA in December. And be sure to watch for Cherry Creek Radio to buy many more stations along with all the other usual suspects.
Re: Sold Out
Clear Channel's business model for small markets is a miserable failure. There are no "economies of scale" to be had in small markets because people who live in small markets don't WANT big city radio. They ignored satellite-fed pap in large numbers, and revenues dropped as a result.
>> It's surprising that CC didn't give up more of its small markets, especially many in the Southeast.
The top of the broadcasting market is past. New technologies are going to impact radio as we know it, and companies that structure themselves as content providers, instead of broadcasters, will succeed. Others will continue to bleed to death slowly as listeners drift off to other technologies.
>> Agreed. It's all about the product, and if you don't give the listeners what they want, you might as well as give it up.
Clear Channel's business model for small markets is a miserable failure. There are no "economies of scale" to be had in small markets because people who live in small markets don't WANT big city radio. They ignored satellite-fed pap in large numbers, and revenues dropped as a result.
>> It's surprising that CC didn't give up more of its small markets, especially many in the Southeast.
The top of the broadcasting market is past. New technologies are going to impact radio as we know it, and companies that structure themselves as content providers, instead of broadcasters, will succeed. Others will continue to bleed to death slowly as listeners drift off to other technologies.
>> Agreed. It's all about the product, and if you don't give the listeners what they want, you might as well as give it up.
th lee and bain capital are 2/3 of cumulus media partners. now how are they able to be owners of cc or am i just out of touch with what is going on with fcc ownership rules. will there be crossownership problems down the rd? i don't understand this.
D
dbdigital
Guest
Re: Sold Out
I was talking to a friend of mine who works for a Clear Channel cluster on the East Coast and he was saying that the Victorville, CA group (which is on the block) had been enjoying a 33% increase in revenue. So some rising media conglomerate will find them attractive and pay dearly for them.
db
radionut925 said:
I was talking to a friend of mine who works for a Clear Channel cluster on the East Coast and he was saying that the Victorville, CA group (which is on the block) had been enjoying a 33% increase in revenue. So some rising media conglomerate will find them attractive and pay dearly for them.
db
Re: Sold Out
Victorvile has 31 stations, and $12 million in revenue. That is a bout $400,000 per station in revenue... or about half the gross sales of an average McDonalds. Average household income is below that of any other CA metro, and it is national market 127, yet in billings it is not in the top 150.
33% of nothing is nothing. It's about the most horrible market in the entire US.
dbdigital said:
Victorvile has 31 stations, and $12 million in revenue. That is a bout $400,000 per station in revenue... or about half the gross sales of an average McDonalds. Average household income is below that of any other CA metro, and it is national market 127, yet in billings it is not in the top 150.
33% of nothing is nothing. It's about the most horrible market in the entire US.
Mays Family Says Thanks...
There is also some federal scrutiny of T.H. Lee and Bain Capital's role in the CC purchase. The sale of 400+ stations as part of the deal may be an attempt to avoid conflict of interest charges.
There's also a shareholder lawsuit being filed in Texas because some CC shareholders feel that the price per share is too low. Analyst evaluations put the value per share at $36 - $40, so those shareholders may have a point.
There is also some federal scrutiny of T.H. Lee and Bain Capital's role in the CC purchase. The sale of 400+ stations as part of the deal may be an attempt to avoid conflict of interest charges.
There's also a shareholder lawsuit being filed in Texas because some CC shareholders feel that the price per share is too low. Analyst evaluations put the value per share at $36 - $40, so those shareholders may have a point.
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