greg.hahn said:Kent said:greg.hahn said:That was the speculation this afternoon- that turning them off would reduce their value too much for it to make any sense- unless they were already sold.
Maybe this is what you're getting at, but non-comms don't pay based on cash flow. They pay based on population within the signal contour.
It doesn't even matter if it's a non-comm. Suppose somebody agreed to their asking price last week, and gave Cumulus the reievables.
Lets further suppose they intended to change the format to jazz once they took over.
Under that scenario, how does going dark for a week hurt anything? It doesn't. the day they switch to jazz they lost every listener WLCL had.
Incidentally, the book came out 2 hours before Cumulus turned it off, and it was one of the best books they ever had. A certain high profile morning show was probably embarrassed to the max when they lost to WLCL!
WOW! WLCL beat 102.3 in morning drive???