MSG is a nice fit with the station and makes sense. MSG already has tv rights to Knicks and Rangers and they have the money to do it. I actually have friends at the network I’ll do some investigating of my own. Of course not getting in the way of the 🐐 Lance Venta. So will the sports lineup be intact if they do remain sports?
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ESPN 98.7 FM to be no more come August 31, 2024
- Thread starter NYAZSporty
- Start date
Earlier in this thread, I posted something along those same lines. It would have made perfect sense for MSG to partner with GKB to buy the station. But when GKB walked away from the station, that seemed to be my answer. The concept of a TV company buying a radio station for brand placement is pretty obsolete. They don't need to own to get that. It's easier and less risky to simply license your brand to someone else who pays for the towers & transmitters. As an example, Fox News is much happier doing a partnership deal with iHeart than owning radio stations outright, where you're responsible for 24/7 programming and operations, plus all the regulations. For the same reason, MSG is much happier as a program provider to a cable company than owning a TV broadcast station.
MediaCo stock has jumped way up in after-hours trading today, a 500% gain from a week ago. What's going on?
This analyst is puzzled, but raises the possibility of price manipulation by "certain investors," which he says is easier to do with penny stocks like MediaCo.
Why Is MediaCo (MDIA) Stock Up 86% Today?
MediaCo stock is rising higher on Monday as shares of MDIA stock experience heavy trading despite a lack of news this morning.
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Does Family Life Network, upstate NY and PA area, have the money to buy out 98.7, I wonder, and expand to NYC? It's a mix between WMCA and K-LOVE. Several-hour blocks of CCM music, a few hours of teaching, more CCM music, then Adventures in Odyssey for the kids, and more teaching programs. Praise and worship music on much of the weekend slots. (My guess is no, but anything's possible.)
Otherwise, that leaves EMF and WABC because in this day and age of Spotify/YouTube, I can't see anybody else wanting to get into FM radio in 2024, especially in market numero uno. Country is out of the question because of demographics.
Otherwise, that leaves EMF and WABC because in this day and age of Spotify/YouTube, I can't see anybody else wanting to get into FM radio in 2024, especially in market numero uno. Country is out of the question because of demographics.
Why would Family Life want to spend $50M for only one station? They would want to spend $5M at most. EMF doesn’t need another full-market signal and even if they did, they would not pay this much.
It’s very likely that 98.7 winds up transmitting dead air from September 1 onward because Emmis truly played themselves and created an unsalable asset. Truly amazing businesspeople.
I mean, my money is almost entirely on 98.7 becoming WLIB-FM and they just simulcast 1190 by default.
I could be way off. And excuse my ignorance for i only get MSG on directv stream and don’t live in the market. I could see MSG being a player in this because they are the Knicks and Rangers. No other media outlet can pry right away from company that based in the building where the Knicks and Rangers play. From a sports standpoint this could be a win-win. If MSG buys 98.7, you keep the line up intact, you get Michael Kay away from YES and have him simulcast on MSG. With MSG’s resources, 98.7 can still compete and then some with WFAN and there’s content to be shared between radio and TV sides. $50 is chump change to MSG
There's a major flaw with your scenario is that Good Karma, which currently leases 98.7, owns the programming and is moving it to 1050 WEPN. They can't just take the programming as all their buying is the station license and transmitting equipment. So this is a complete non-starter.
There's as close to a ZERO percent chance of that scenario happening.
do you see MSG and GK willing to form any sort of partnership? I’m all for not needing an FM to hear content and going to mobile. But seriously letting your direct competitor own the market by having TWO signals in NYC is insane.
Your going down a rabbit hole based on a hypothetical statement of the type of potential buyers. There's no indication that MSG has interest in acquiring a radio station so there is no point in even considering it right now.
Yep. Contrary to what many seem to think, EMF does not buy something just because it has a “for sale” sign on it. If anything, we’re seeing a slowdown in their almost decade long rapid fire expansion, for good reason.
As I said in my reply to you, that's what I thought was going to happen. But that ship sailed last summer.
MSG makes lots of money when it licenses its teams to others. That' s a revenue stream that exceeds any money they could make by owning a radio station.
Those who like tropical (salsa, merengue, vallenato and the like) generally hate Regional Mexican. Spanish AC listeners (a genre that is almost dead as far as currents) don't like "Tropical".
Regional Mexican listeners like Regional Mexican.
So as likely as anyone wishing to match Emmis’s insane $50M asking price for the station?
Not really. The original Puerto Rican migration was in the 50's and 60's. Those people are elderly or gone now. Second generation was obligated to learn "English only" and kids were punished at school if they spoke Spanish, even if at recess.
The Dominicans began big-time in the later 80's and are now the biggest groups in 18-49, the money demo for Spanish language radio. There is a growing group of Mexicans, and lots of Colombians, Venezuelans and Ecuadorians.
In all cases, current born-here youth listens to English language radio. It's the first generation that gives the bulk of quarter hour listening to Spanish language stations.
The difference between Miami and NY is that Hispanics who went to NYC went there to earn a better living. In Miami, a majority went to escape socialist regimes or dictatorships in Cuba, Nicaragua, Colombia, Venezuela and the like; generally highly educated, middle class and upper class. Miami is now seeing an influx of better-off Peruvians, escaping the violence and horrible economy in Perú. In NYC it is the opposite. The Puerto Ricans went to NY 60 to 70 years ago to escape the bad economy on the Island... Dominicans now come for better jobs and a better future.
Much of the upscale immigrant population in Miami is middle and upper class. In their home country, they listened to stations that played all or mostly English language music, and that is what they do in Miami. The economic migrants to NY listened to merengue and bachata and other things we might call the "country music" of their homeland.
Throughout Latin America, leading stations in the upper income levels are mostly those that play English language music.
No, that is not the case. First generation immigrants to the NYC area listen to the music they grew up on in lower income homes in the Dominican Republic and other nations. That was not music in English.
No, but younger Latinos who recently arrived are likely to be less fluent in English. By the time they have been in the U.S. a number of years, they likely are more comfortable with English. So at that point, they may listen to English-language stations.
Look at WKTU. It has a Rhythmic Hot AC - Top 40 sound but it is tailored to Hispanic women. Some of the DJs are Latino themselves and throw in a few Spanish words. But otherwise the DJs, songs and commercials are all in English.
It isn't a hard, fast rule. Some immigrants stay within their communities, work jobs where they can speak their native language and will only consume media in that language forever. They only know enough English to get by. On the other hand, some see knowing English as the key to a better job and a better life experience. Maybe they have an aptitude for picking up English faster or they came at a younger age where language learning is a bit easier. They will probably consume media in both languages for the rest of their lives.
No, it is not working elsewhere. To anyone who has done programming and research among Hispanics, that idea is laughable and absurd.
It's also insensitive to the different cultural differences of nations and regions of Latin America. As one example, salsa is Afro-Antillean while Regional Mexican is a mix of European and Indigenous cultures.
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