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EMF Buys WKLU - Staff receives notice
- Thread starter ChiefEngineer
- Start date
I wondered about that as well. The Castelton studios & new transmitter site were not in existence (at least not in their present form) when Oasis bought it...correct? If the price paid was almost identical to the price received & the studio building/new transmitter/antenna goes with it, that sounds like a substantial haircut to me...bigtime said:
Maybe someone can help me read this. My eyesight is really bad and I can't
find the 6.3 million in this contract. Where it says Purchase Price, I read
$1,550,000.00 https://fjallfoss.fcc.gov/prod/cdbs/forms/prod/getattachment_exh.cgi?exhibit_id=776753&formid=314&q_num=5030
It was signed on July 8. I really wish the staff of WKLU the best.
find the 6.3 million in this contract. Where it says Purchase Price, I read
$1,550,000.00 https://fjallfoss.fcc.gov/prod/cdbs/forms/prod/getattachment_exh.cgi?exhibit_id=776753&formid=314&q_num=5030
It was signed on July 8. I really wish the staff of WKLU the best.
That agreement is apparently only for the sale of the studio site. Indianapolis Business Journal reported that was a separate $1.5 million deal
C
cspotrun
Guest
PTBoardOp94 said:
correct, he got his money back on the investment for the studio site in the seperate deal, THAT plus the other deal made him a little money in a bad economy, and its good to have ANY money in a bad ecomomy. gee, is he also going to sell Ft. Wayne?
C
cspotrun
Guest
Flying-Dutchman said:I really wish the staff of WKLU the best.
/quote]
right, but...if they're like all the people i know, they will be out for quite some time waiting for that multi-Trillion dollar stimulous package to create them a job. :
'made him a little money?' Are we also considering the operating losses over the past months? And how would we know he made a little money or not without knowing the exact figures and how much investment was made in the station since the purchase. And how much did he pay for those studios? Was it LESS than the $1.5mil?
cspotrun said:Would that be the same stimulus package that less than 10% of which has been spent & there's already talk of needing another stimulus package? Wish I could get away with running my budget like that...Flying-Dutchman said:I really wish the staff of WKLU the best.
/quote]
right, but...if they're like all the people i know, they will be out for quite some time waiting for that multi-Trillion dollar stimulous package to create them a job. :
C
cspotrun
Guest
BobOnTheJob said:cspotrun said:Would that be the same stimulus package that less than 10% of which has been spent & there's already talk of needing another stimulus package? Wish I could get away with running my budget like that...Flying-Dutchman said:I really wish the staff of WKLU the best.
/quote]
right, but...if they're like all the people i know, they will be out for quite some time waiting for that multi-Trillion dollar stimulous package to create them a job. :
i don't want to get political but -HOW'S THAT HOPE & CHANGE WORKIN' OUT FOR YA? :
C
cspotrun
Guest
radioho said:
after all was said and done the figure i read was in the neighborhood of $100K- he walked away with after his investment which was probably figured into the profit(or else why would he do it-if he sells Ft. Wayne- then you know he's screwed with money)- that's not alot out of over 6 million in the sale, but its more than you got.
Hopefully I'm getting back to the original subject. I was the original Program Director of Love 98 when Radio One Five Hundred took over WART Plainfield in November 1980. The call letters changed to WXIR in December 1980. It was a commercial contemporary Christian music format station that covered most of Greater Indy, which unfortunately did have some preaching programs in the midday & evening, from November 1980 until June 30, 2003. We had our own on-air people, managers, sales staff, we did our own promotions, remotes, etc. In other words, we were a local station. The owners sold the station to ABC and on July 1, 2003, the station became Radio Disney.
Not long afterwards of course, Susquehanna started The Song and again, Indianapolis had a station with a contemporary Christian music format that covered the entire city. But more importantly The Song was a local station with personalities, promotions, State Fair concert promos, etc. A CCM station with local connections. By the way, I prefer commercial CCM radio so the station isn't asking people to send it money.
I'm glad that Indianapolis will have a city-wide signal of contemporary Christian music with K-Love but I've never been a big fan of satellite-fed radio, NO MATTER WHAT THE FORMAT. Yes, K-Love is merely a station picking up a satellite feed and rebroadcasting it, which I don't like. But how much of news radio or sports radio is composed of that? Or even music formats in the evenings and weekends? How many jobs have been eliminated in secular/mainstream formats because of satellite-fed programming? It's not something exclusive to EMF.
Not long afterwards of course, Susquehanna started The Song and again, Indianapolis had a station with a contemporary Christian music format that covered the entire city. But more importantly The Song was a local station with personalities, promotions, State Fair concert promos, etc. A CCM station with local connections. By the way, I prefer commercial CCM radio so the station isn't asking people to send it money.
I'm glad that Indianapolis will have a city-wide signal of contemporary Christian music with K-Love but I've never been a big fan of satellite-fed radio, NO MATTER WHAT THE FORMAT. Yes, K-Love is merely a station picking up a satellite feed and rebroadcasting it, which I don't like. But how much of news radio or sports radio is composed of that? Or even music formats in the evenings and weekends? How many jobs have been eliminated in secular/mainstream formats because of satellite-fed programming? It's not something exclusive to EMF.
cspotrun said:
You have no clue who I am or my worth - but you obviously have a severe man-crush on me. Jealousy is very unbecoming.
And you have no clue what you are talking about regarding KLU's worth or value either. But please, continue on with the insults, you are very entertaining in an adolescent sort of way.
Physician, heal thyself....
N_D_
You confuse Fact with Fiction, er, opinion - as in opinion of one - you.
FACT: You were gone well before the end of Gold. True, but that doesn't negate the fact that the format DID do decent ratings and DID bill millions of dollars.
FACT: The marketplace in 1999 was significantly different than 2005 or 2009. True, for every format in town. No one is billing now what they were billing then.
FACT: There was a significant amount of acrimony over your departure. Opinion. I still have MANY friends from my days at Susquehanna. I have no idea who you are so, if you know me, I'm at a disadvantage and you can sling all the mud at my name you want and there's nothing I can do. I'll be that makes you happy.
FACT: Your name is still "mud" with some folks you worked with on Shadeland.[/i] Opinion. See previous point.
FACT: You DON'T know what is was billing at the end and weren't privy to the decision to kill it. True. I'm sure the decision was made much the same way most other decisions were made at that time by that management. Nothing's really worked since, except for JJK, between those two frequencies and all the formats tried.
Just because you claim something is a "fact" does not make it so.
An old lawyer friend once told me, "When the facts are on your side, pound the facts. When the law is on your side, pound the law. When neither is on your side, pound the table."
I think you've pounded the table enough now. This one's actually funny! I don't have to pound any tables my friend. As a matter of FACT, I'll leave you with this one. Of all management at Susquehanna during those times, I'm the only one with a management position in the radio industry. Thats a FACT.
You confuse Fact with Fiction, er, opinion - as in opinion of one - you.
FACT: You were gone well before the end of Gold. True, but that doesn't negate the fact that the format DID do decent ratings and DID bill millions of dollars.
FACT: The marketplace in 1999 was significantly different than 2005 or 2009. True, for every format in town. No one is billing now what they were billing then.
FACT: There was a significant amount of acrimony over your departure. Opinion. I still have MANY friends from my days at Susquehanna. I have no idea who you are so, if you know me, I'm at a disadvantage and you can sling all the mud at my name you want and there's nothing I can do. I'll be that makes you happy.
FACT: Your name is still "mud" with some folks you worked with on Shadeland.[/i] Opinion. See previous point.
FACT: You DON'T know what is was billing at the end and weren't privy to the decision to kill it. True. I'm sure the decision was made much the same way most other decisions were made at that time by that management. Nothing's really worked since, except for JJK, between those two frequencies and all the formats tried.
Just because you claim something is a "fact" does not make it so.
An old lawyer friend once told me, "When the facts are on your side, pound the facts. When the law is on your side, pound the law. When neither is on your side, pound the table."
I think you've pounded the table enough now. This one's actually funny! I don't have to pound any tables my friend. As a matter of FACT, I'll leave you with this one. Of all management at Susquehanna during those times, I'm the only one with a management position in the radio industry. Thats a FACT.
D
djockette
Guest
Doesn't SIZE MATTER?.... both Gold and WKLU had weak signals...Bring in some boss jocks.... heritage call letters.... on a flame throwin' signal....and I would like to think it could fly here for more than a year or two.
The guys who put together the 60's channel at XM... Terry Motormouth Young... Phlash Phelps, and their leader Cleveland Wheeler...all serious about the art of the format. THere are several of those types of personalities here in Indy...
Reb Porter is a name that comes to mind. Steve Super Cooper is another. Their names are already synonamous with that era of music in our city. It's a fabulous format for those of us who love radio.
The guys who put together the 60's channel at XM... Terry Motormouth Young... Phlash Phelps, and their leader Cleveland Wheeler...all serious about the art of the format. THere are several of those types of personalities here in Indy...
Reb Porter is a name that comes to mind. Steve Super Cooper is another. Their names are already synonamous with that era of music in our city. It's a fabulous format for those of us who love radio.
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