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Dave Wagonvoord buys another radio station

R

radioray

Tom Taylor here at radio-info writes...

In Little Rock, 50-kw (daytime) KGHT is sold for $250,000. The buyer is a surprise, geographically – longtime Tampa station owner Dave Wagonvoord. But he bit on the offer to acquire Metropolitan Radio Group’s KGHT, Sheridan, Arkansas. The station’s got a potent 50,000 watts daytime at 880 – but just 220 watts when the artificial lights go on. Broker – John Pierce of John Pierce & Co. for the seller, Metropolitan’s Mark Acker.

The only thing I don't get is why did he use a broker? I thought he was a broker himself, but maybe no more.
 
radioray said:
Tom Taylor here at radio-info writes...

In Little Rock, 50-kw (daytime) KGHT is sold for $250,000. The buyer is a surprise, geographically – longtime Tampa station owner Dave Wagonvoord. But he bit on the offer to acquire Metropolitan Radio Group’s KGHT, Sheridan, Arkansas. The station’s got a potent 50,000 watts daytime at 880 – but just 220 watts when the artificial lights go on. Broker – John Pierce of John Pierce & Co. for the seller, Metropolitan’s Mark Acker.

The only thing I don't get is why did he use a broker? I thought he was a broker himself, but maybe no more.
Click to expand...

I guess the price got right when Metropolitan took it silent last Tuesday (3/24/09) citing weather related problems at BOTH transmitter sites (yeh, right) and age of their equipment!

Dave is a broker, but the seller had it listed with a broker which obligated the buyer to go through them. Just like if you had a house I wanted listed with Coldwell, I would have to go through them instead of going directly to you.
 
Maybe I am misreading it but it seems he had a broker as a buyer, though.

Of course I understand if the seller has a broker you have to use him/her.
 
The big question is: what's he going to do with it? More of the Tan-Talk Radio Network - over a phone line?
 
I've already done imaging for that station, and as far as I know it's still not "quite" on yet...and I am enjoying all of my restaurant trade I got.

It is a long drive to Sheriden, Arkansas to visit the Homespun Inn Buffet, but it's free food..and really yummy vanilla pudding...try the honey biscuits.
 
.......and LA SAGN YA
 
Cook at a Waffle House in Georgia? Gee, I see you're moving up in the world! ;D
 
Gordon Liddy here for the Grease Bullet
 
You can never have too many Grease Bullets......a great hedge against inflation AND makes a wonderful Holiday gift...
 
Grease Bullet - sounds like a bit on The Greaseman Show - waddle doodle! :D
 
DToTheJ said:
Grease Bullet - sounds like a bit on The Greaseman Show - waddle doodle! :D
Click to expand...
a suppository bit for a sicky Doug?

Jeff in Sa-ra-so-ta!
 
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