kentuckymedia said:BONNEVILLE has the money to do whatever they want.
However, Bonneville is here for one of two reasons which we are still waiting to find out.
OPTION 1) USE KSWD AS LEVERAGE
See, Bonneville could potentially exit the LA market like they have done before. This time flipping a LA signal to an operator like Citadel in exchange for additional stations in another market such as Washington DC. They could flip it to another operator for straight up cash. Right now the stick is nothing more than real estate. They spent 130Million on a station that would typically sell for upwards to 200Million. Talk about an investment! Sit on it for a while, collect some free money and spin it off once the markets start to gain footing again.
OPTION 2) USE KSWD AS A TAX WRITE OFF
Bonneville is no stupid operator by any means. The signal while not doing great in PPM does make a little money. With them being the #1 or #2 owner operator concerning income in every other market, Los Angeles is completely a freebie for them. Use this signal as a tax write off and call it a day.
kentuckymedia said:BONNEVILLE has the money to do whatever they want.
However, Bonneville is here for one of two reasons which we are still waiting to find out.
OPTION 1) USE KSWD AS LEVERAGE
OPTION 2) USE KSWD AS A TAX WRITE OFF
Companies like Univision and Clear Channel are so overleveraged, that within the next few years each will default on the bondholders. Neither will ever be able to repay the absurd amounts that were agreed upon for those companies. The two worst poster childs of overpaying for over-the-air broadcast companies in history.DavidEduardo said:kentuckymedia said:BONNEVILLE has the money to do whatever they want.
However, Bonneville is here for one of two reasons which we are still waiting to find out.
OPTION 1) USE KSWD AS LEVERAGE
OPTION 2) USE KSWD AS A TAX WRITE OFF
There is no station today worth $200 million in LA, particularly one with a weaker signal. KSWD is probably worth about $90 million today.
And the myth of the tax write-off is absurd. Nobody needs more expenses today, as most markets are off 20% to 40% in revenue... All business expenses are "written off" against income to get net taxable income, so there is no advantage here.
4U...writes:
Companies like Univision and Clear Channel are so overleveraged, that within the next few years each will default on the bondholders. Neither will ever be able to repay the absurd amounts that were agreed upon for those companies. The two worst poster childs of overpaying for over-the-air broadcast companies in history.
Do you really think those that listened to KLSX even know what AM radio is?Doctah said:Since CBS Radio is paying out Leykis anyway, why not flip KFWB to entertainment/talk? They're already pulling back on news at KFWB; what's the point of even keeping KFWB news, since they've got KNX. Maybe stick with news/entertainment in the morning, but then go with the Triplets/Leykis in midday and afternoon... and either Tim Conway in the evening or, to save a few extra $$$, something syndicated...
Don't try to compare a small company headed by a former Tucson readio general manager to the massive debt that Univision and Clear Channel have to service.elchupacabras said:4U...writes:
Companies like Univision and Clear Channel are so overleveraged, that within the next few years each will default on the bondholders. Neither will ever be able to repay the absurd amounts that were agreed upon for those companies. The two worst poster childs of overpaying for over-the-air broadcast companies in history.
Not nearly as bad Peak Broadcasting out of Fresno:
http://idahoradionews.com/index.php/2009/02/15/peaks-tough-situation/
4UH8SIMBKAGN said:Do you really think those that listened to KLSX even know what AM radio is?Doctah said:Since CBS Radio is paying out Leykis anyway, why not flip KFWB to entertainment/talk? They're already pulling back on news at KFWB; what's the point of even keeping KFWB news, since they've got KNX. Maybe stick with news/entertainment in the morning, but then go with the Triplets/Leykis in midday and afternoon... and either Tim Conway in the evening or, to save a few extra $$$, something syndicated...
I know. I saw him say it and I posted it. Do you really think they're going to blow up KFWB for that kind of talk on an AM station? If they were going to do it, it would already have been done.Doctah said:4UH8SIMBKAGN said:Do you really think those that listened to KLSX even know what AM radio is?Doctah said:Since CBS Radio is paying out Leykis anyway, why not flip KFWB to entertainment/talk? They're already pulling back on news at KFWB; what's the point of even keeping KFWB news, since they've got KNX. Maybe stick with news/entertainment in the morning, but then go with the Triplets/Leykis in midday and afternoon... and either Tim Conway in the evening or, to save a few extra $$$, something syndicated...
Yes, I do, it's not like KLSX was an 18-34 station. And I do think these hosts have enough of a following that some -- not all, some -- would follow them to AM. Leykis has even said he'd be willing to return to AM. They're paying him, so why not put him to work?
Doctah said:I noticed that KCRW had suddenly started referring to its "Indie Music." Then last week, they shifted to called it "Independent Music." Wonder if the Entravision lawyers picked up the phone...