Davis Broadcasting Announces New Simulcast

[RoddyFreeman]

Davis Broadcasting of Columbus, which owns WLKQ-FM and WNSY-FM (La Raza) in Buford and Elijay, has announced a new format simulcast on its 96.5 translator licensed to Winder (and on the WSRV/WSBB tower) and WCHK-AM/1290 in Canton.

The station is called La Nueva Mega and features a Latin Pop format targeted to people from Mexico, Central American and South America. Examples of artists include Enrique Iglesias, Pepe Aguilar, Alejandro Fernandez, Shakira, Maluma, Luis Fonsi , Daddy Yankee, Juanes, Ricky Martin, Mana, Prince Royce, Marc Antony, Camila and Romeo Santos. Of course, I'm one of the world's biggest Pepe Aguilar fans (just kidding).

La Nueva Mega's website is at www.lamegatl.com, which kind of looks like "lame" when you read it.

 

[caller10]

Davis Broadcasting of Columbus, which owns WLKQ-FM and WNSY-FM (La Raza) in Buford and Elijay, has announced a new format simulcast on its 96.5 translator licensed to Winder (and on the WSRV/WSBB tower) and WCHK-AM/1290 in Canton.

The station is called La Nueva Mega and features a Latin Pop format targeted to people from Mexico, Central American and South America. Examples of artists include Enrique Iglesias, Pepe Aguilar, Alejandro Fernandez, Shakira, Maluma, Luis Fonsi , Daddy Yankee, Juanes, Ricky Martin, Mana, Prince Royce, Marc Antony, Camila and Romeo Santos. Of course, I'm one of the world's biggest Pepe Aguilar fans (just kidding).

La Nueva Mega's website is at www.lamegatl.com, which kind of looks like "lame" when you read it.

Or LaMegaATL? And the "a" is serving as both the last letter in "megA" and the first letter in "Atl"

 

[caller10]

Davis Broadcasting of Columbus, which owns WLKQ-FM and WNSY-FM (La Raza) in Buford and Elijay, has announced a new format simulcast on its 96.5 translator licensed to Winder (and on the WSRV/WSBB tower) and WCHK-AM/1290 in Canton.

The station is called La Nueva Mega and features a Latin Pop format targeted to people from Mexico, Central American and South America. Examples of artists include Enrique Iglesias, Pepe Aguilar, Alejandro Fernandez, Shakira, Maluma, Luis Fonsi , Daddy Yankee, Juanes, Ricky Martin, Mana, Prince Royce, Marc Antony, Camila and Romeo Santos. Of course, I'm one of the world's biggest Pepe Aguilar fans (just kidding).

La Nueva Mega's website is at www.lamegatl.com, which kind of looks like "lame" when you read it.

Or LaMegaATL? And the "a" is serving as both the last letter in "megA" and the first letter in "Atl"

 

[davideduardo]

La Nueva Mega's website is at www.lamegatl.com, which kind of looks like "lame" when you read it.

And it looks a bit like "lick the cat" in Spanish.


Yuch.

 

[secondchoice]

Didn't Davis have financial issues a couple of years ago?

 

[RoddyFreeman]

Didn't Davis have financial issues a couple of years ago?

Yes. Not sure exactly what happened, but they say they're okay now.

 

[caller10]

Yes. Not sure exactly what happened, but they say they're okay now.

Well that's likely more than iHeartMedia can say!

 

[wavo]

Well that's likely more than iHeartMedia can say!

Check the iHeart stock....seems the financial guys think they're about to make a breakthrough on debt refinancing. The small part of the company that is publicly traded is up 224% since the first of the year.

I think Greg's (Davis - davis Broadcasting) problems were limited to the Atlanta area stations - the ones in Columbus are doing well last I heard. Greg Davis is a good guy and I hope this works for him...

 

[RoddyFreeman]

Check the iHeart stock....seems the financial guys think they're about to make a breakthrough on debt refinancing. The small part of the company that is publicly traded is up 224% since the first of the year.

I think Greg's (Davis - davis Broadcasting) problems were limited to the Atlanta area stations - the ones in Columbus are doing well last I heard. Greg Davis is a good guy and I hope this works for him...

iHeart is basically asking their lenders to refinance for half of what is owed. The incentive is that they (supposedly) will get paid as opposed to bankruptcy, in which case they would not.

I agree with you that Greg Davis is a good guy. I also know his son, Greg Davis Jr, who is based in Columbus but works in Buford a day a week.

 

[secondchoice]

Check the iHeart stock....seems the financial guys think they're about to make a breakthrough on debt refinancing. The small part of the company that is publicly traded is up 224% since the first of the year.

If the debtholders take a 50 % “haircut”, they should be given stock or options which would give them at least 50% of the voting shares. There is no way I would let “management” stay in place without feeling some pain too.

I am surprised that I Heart doesn’t try to recapitalize with a “super” preferred class of stock. This class would be paid dividends based on an EBITDA or a cash flow formula. Current management stays employed for now; debt holders (now preferred stockholders) get a check every quarter. There would be provisions in the “super” class stock to have voting rights if certain cash flow targets are not achieved. It is easier to fire a CEO than it is to renegotiate debt.

 

[secondchoice]

Check the iHeart stock....seems the financial guys think they're about to make a breakthrough on debt refinancing. The small part of the company that is publicly traded is up 224% since the first of the year.

If the debtholders take a 50 % “haircut”, they should be given stock or options which would give them at least 50% of the voting shares. There is no way I would let “management” stay in place without feeling some pain too.

I am surprised that I Heart doesn’t try to recapitalize with a “super” preferred class of stock. This class would be paid dividends based on an EBITDA or a cash flow formula. Current management stays employed for now; debt holders (now preferred stockholders) get a check every quarter. There would be provisions in the “super” class stock to have voting rights if certain cash flow targets are not achieved. It is easier to fire a CEO than it is to renegotiate debt.

 

[secondchoice]

Check the iHeart stock....seems the financial guys think they're about to make a breakthrough on debt refinancing. The small part of the company that is publicly traded is up 224% since the first of the year.

If the debtholders take a 50 % “haircut”, they should be given stock or options which would give them at least 50% of the voting shares. There is no way I would let “management” stay in place without feeling some pain too.

I am surprised that I Heart doesn’t try to recapitalize with a “super” preferred class of stock. This class would be paid dividends based on an EBITDA or a cash flow formula. Current management stays employed for now; debt holders (now preferred stockholders) get a check every quarter. There would be provisions in the “super” class stock to have voting rights if certain cash flow targets are not achieved. It is easier to fire a CEO than it is to renegotiate debt.