I've done a little bit of investigating...and...I've found a whole heap of news for you listeners out there in radioland!
A new Hispanic station is coming to the region. A little bird has confided in me with the information that HITZ 94 is being sold to Norberto Sanchez, a native of Peru. Mr. Sanchez apparently owns around 8 radio stations and a string of 22 restaurants in the Atlanta area. The purchase price for 94.1 is $20 million, which will be split four ways among the owner's family. The original deal was dropped so the owner and buyer would not have to pay the broker! But then the "sale" was agreed on later. Apparently, Mr. Sanchez will take over the station with a L-M-A in the beginning, which will apparently cost him approximated $33,000 monthly.
My source says there are plans in the works to move the antenna to a new or existing tower closer to Charlotte so the station will be focused on that market--leaving the Triad behind! Hell, I can't speak Spanish anyway!
As for Gig's AM station in Lexington, he will apparently retain ownership to give him "something to do" other than playing golf!
I have not been able to nail down when the "flip of the switch" will occur! But apparently, it will be SOON!
My source says whoever ends up with 600 WSJS and 1200 WSML...may have a big surprise up their sleeves! A study was done several years ago by WSML's previous owner. I have been told that it is possible for WSML to go 50 kw directional daytime and 10 kw directional nighttime. If the new owner decides to go that route...well Katie Bar The Door! Whether it's news/talk, oldies or some other format, will be able to cover the Triad like the dew!
On the rumor front, if Curtis buys WSJS/WMFR/WSML--how about this possibility...WSJS drops 1200 WSML as its simulcast partner and adds 920 WPCM. That way, oldies and beach (probably more beach)
could go to 1200 WSML and the increased power. That leaves 101.1 WZTK to go oldies. That way Curtis could own the news/talk, beach and oldies markets and let everybody else sweat to see who goes under next. Of course, WMFR will still be High Point's hometown station.
Guess we will all see what the hell happens over the next few days!
Just remember, if I'm right--you heard it here first! If I am wrong, hell--that's one of the reasons I'm getting out of this damn business!!!