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Cume-Less gets Fox and 94

Elephant said:
If Bain tranfers ownership of Warm/WGRR/FTK to Cumulus Media, then why would the DOJ care? It's NOT a technicality. Bain will no longer have any control over those properties and they'll be in the clear with just their CC stations in this market. The DOJ doesn't care about Cumulus Media, they care about CMP which is now out of the market. Bain has no control over Cumulus Media.

I have to hand it to the Cumulus guys. This is an ingenious plan, worthy of the 90s Jacor days.
Click to expand...

Not much different than Jacor/Clear Channel using "Secret Communications" and "Concord Media" as shell companies to skirt ownership caps. (back when LMA's and JSA's didn't count against ownership caps)
 
Why is this so hard to figure out?

On December 31, 2008, Bain was way over the ownership cap and controlled these stations:

WKRC-AM
WLW-AM
WSAI-AM
WCKY-AM
WOFX-FM
WNNF-FM
WEBN-FM
WKFS-FM
WRRM-FM
WGRR-FM
WFTK-FM

In 2009, Bain (now owning the private Clear Channel) will be well under the cap and control these stations:

WKRC-AM
WLW-AM
WSAI-AM
WCKY-AM
WEBN-FM
WKFS-FM

In 2009, Cumulus Media Inc. (a public company NOT affiliated with Bain trading under the CMLS symbol) will control these:

WOFX-FM
WNNF-FM
WFTK-FM
WRRM-FM
WGRR-FM

What's the problem?
 
??? Ok, call me a dummie. (dummie). I have read the posts about the CC and Cumelus "swaps"- "sales". And my little head is spinning. The two stations in question are part a deal to make CC in line with the FCC rules. It is also my "understanding" that CC is up for sale. Has this rumor been verified? Or am I hearing things just bandied about because of the trades? Perhaps to fuel stock prices? HMMMMM
 
Elephant said:
If Bain tranfers ownership of Warm/WGRR/FTK to Cumulus Media, then why would the DOJ care?
Click to expand...

I agree. The DOJ probably would not care in a situation like that. I didn't, however, see anything in the documentation that indicated that was going to happen. I know kentuckymedia said he saw it, and I'll make the same request that I made of him. Please point me to the specific document in the attachment that said WRRM/WGRR/WFTK would be transferred from Cumulus Media Partners to Cumulus Licensing. It's possible that I missed it, and I'd like to see exactly what it said and what the surrounding context is.
 
I know kentuckymedia said he saw it, and I'll make the same request that I made of him. Please point me to the specific document in the attachment that said WRRM/WGRR/WFTK would be transferred from Cumulus Media Partners to Cumulus Licensing.
Click to expand...

Second that. I've scrubbed those docs thoroughly and saw no such thing.

kentuckymedia's postings (click to the profile and read through the previous posts) tend to be long in quantity and short in facts. Hopefully there's some actual meat in this case.
 
Go to the damn FCC WEBSITE, you cant find the link!

Stop being a horses back side.

However, what I read was in CMP that the current 25% ownership stake with CBL goes to 25% limited. Meaning thus that Green Bay will now enter into CMP with a limited operation. Thus the reason for Clear Channel only allowing for a LMA for five years!

CMP Limited doesnt allow CMP to sell the stations in Green Bay without full disclosure. Ask any lawyer buddy of yours. Basically what this means is that Green Bay will still be Cumulus owned, just Clear Channel operated. And your lawyer buddy will also tell you this, CMP Limited is a seperate entity from CMP. Tricky enough yet?

Cumulus still owns a share of CMP. And also trust me on this, do you think the DOJ would allow this to even happen in the first place if THL/BAIN still owned the other three FM's?

Cincinnati will be owned by CBL but run as a LMA to CMPL.
 
Hold you horses here....

Jeff my attorney said, CBL will not fully own Cincinnati. So its not an LMA, just a justified sharing of property. CBL will own 3 full service FM's while CMP will give operations control of the other two to CBL but still own two FM stations in Cincinnati.

So if I get this right, and I may be wrong. CBL will own THREE FM stations and CMP will own TWO FM stations?
 
kentuckymedia said:
Go to the damn FCC WEBSITE, you cant find the link!

Stop being a horses back side.
Click to expand...

Oh, I've been to the website, and I've read every single word of those documents. What you've been claiming thus far isn't there, which is why...

kentuckymedia said:
Jeff my attorney said, CBL will not fully own Cincinnati.
Click to expand...

...you're changing your story.
 
SUIGENERIS -

Here is the deal. 1) Get a life...actually thats really all.

So your telling me that CMP still owns all three FM's and the Department of Justice is asleep at the wheel and you are running around naked in the streets of DC jumping up and down...right?

Okay..makes a whole lot of sense.

CBL and CMP MUST reach a mutual agreement, it is 100% impossible for Cumulus to own those station in your story.

Somebody call Chairman Martin, sounds like we found his best friend~!
 
kentuckymedia said:
SUIGENERIS -

Here is the deal. 1) Get a life...actually thats really all.

...

Somebody call Chairman Martin, sounds like we found his best friend~!
Click to expand...

Ah, yes...the oldest trick in the Failing Debaters Handbook: can't win your argument, so attack the other person.

KY, you posted this:

kentuckymedia said:
Cumulus Media is giving WRRM, WGRR and WFTK to Cumulus Broadcasting free of charge.
Click to expand...

You were asked by multiple posters who looked at the FCC docs and found no such thing to specifically point to where in the docs you found this.

You have not only failed to do so, but you have done everything you can to change the subject away from supporting your statement.

Now, you could simply do as you were asked and provide the specific information you were asked for, in which case I'll gladly apologize in this forum for calling you out, or you can continue to try and save face by posting more notes filled with bitterness and poor grammar without actually supporting your argument.

Basically, put up or shut up. Your call, sir.
 
WZNN/Green Bay and WWWX/Oshkosh aren't a part of the swap, and will be put in a trust.  I have a feeling that WWWX will simulcast WZNN.  WZNN has no jocks except for their PD, WWWX has a history of simulcasting Green Bay (the current WDUZ-FM), and both are alternative (WWWX tweaked from active rock a few months ago).
 
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