• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Final Days for Movin 93.9?

DavidEduardo said:
Carmine5 said:
The purpose, as accomplished through the marvel of radio technology, is to disseminate information, opinion, entertainment etc., to the local population. As such, most people of any country (yourself obviously excluded) would find the idea of such local airwaves owned and operated by a foreign entity repugnant--myself included. The government certainly does.
Click to expand...

No, the government allows 25% foreign ownership. Some countries allow total foreign ownership, others allow none. Others allow domestic corporations owned by foreigners to own stations; I owned a dozen or so stations in South America some years ago in such an arrangement.

To be sure, Emmis will undoubtedly find some shell game strategy to make this deal tidy and legal. That doesn't make it or them any less repugnant.
Click to expand...

An LMA, in lay terms, is a lease. Emmis still owns the station.

In any case, GRC could finance the purchase, later, by its President's son, who is a US citizen, and continue to lease it from him. Perfectly legal. No different than Rupert Murdoch becoming a US Citizen to buy media properties... just a lot less money involved.
Click to expand...

I know exactly what an LMA is having considered a similar arrangement for a station in Northern CA. That is not what was referring to but rather these plans of Emmis: "...if GRC can't make the deal due to international restrictions, a third party assigned by GRC can buy KMVN."

If you can bother to get off your condescending high horse for but a moment you might be capable of a civil conversation on this subject.

C5
 
Carmine5 said:
As such, most people of any country (yourself obviously excluded) would find the idea of such local airwaves owned and operated by a foreign entity repugnant--myself included. The government certainly does.
Click to expand...

And if so, the FCC will reject it.

But the reality is that for the last 25 years, America has been selling off its assets. Broadcasting is one of the last areas of American ownership, and it's in trouble. I believe that the 96 Act simply delayed this reality for a few years. Had it not been passed, American companies would have been LMA-ing loads of radio stations just like this for a long time.

By the way, there are lots of things we all find repugnant. But that doesn't make them illegal. I found the Iraq War repugnant. But we fought it anyway.
 
Some would have you believe that having GRC being LEGALLY able to LMA the signal from Emmis is tantamount to allowing the Viet Cong to place a million watt beacon inside of the USA. For heaven's sake! As David pointed out, the company will likely be run by Francisco Aguirre's son, an American citizen. Such opposition, on the grounds mentioned, is nothing more than thinly-veiled racism! (I don't mind those who argue against loosing Movin' for a variety of reasons, but to interject *these* insipid ideas is intolerable.)

As for the format, you must also remember that a station's license is granted in the "public interest." Is not a 60 percent LA MSA Hispanic saturation reason enough to permit such an action?
 
Carmine5 said:
I know exactly what an LMA is having considered a similar arrangement for a station in Northern CA. That is not what was referring to but rather these plans of Emmis: "...if GRC can't make the deal due to international restrictions, a third party assigned by GRC can buy KMVN."

If you can bother to get off your condescending high horse for but a moment you might be capable of a civil conversation on this subject.
Click to expand...

It's really a very simple deal. Emmis, no stranger to foreign ownership, knows that they need to prevent any excuse about the legality of a transfer so they specified that the sale had to happen, even if GRC had to find a "different" buyer.

Knowing that the Aguirre family has a number of qualified members who can legally hold the license makes compliance by GRC relatively simple. But, since the sale is not obligatory for 7 years, laws can change one way or another so what seems easy today may be either a moot point or more difficult tomorrow.

For decades, SIN (later Univision) was 25% owned by the Azcárraga family from Mexico and the Cisneros interests from Venezuela. Nobody paid the slightest attention to that most of the time. This new deal should raise no more eyebrows than similar and legal investments in the past.
 
For those of you Movin' believers - it was up (again) adults 25-54 in the latest weeklies to its highest ratings yet - nearly triple what it had in the diary and inside the top 10 English-language 25-54 outlets.

I give props to all of the KMVN crew for believing and fighting in it.
 
What if Grupo Radio Centro defaults on payments? What happens to 93.9 FM then?
 
OCradiodude said:
What if Grupo Radio Centro defaults on payments? What happens to 93.9 FM then?
Click to expand...

The liklihood of GRC defaulting are minimmal... and they paid the first two years in advance. GRC is a very solid company, with growing revenues and profitability. Their Mexican operations are reporting same-station revenue gains, in fact.

Remember, Mexico City is a much larger market than LA, and GRC has 11 stations there, many of which charger rates comparable with LA rates or even higher. In addition, they have LMA-like arrangements with around 100 stations all over Mexico which they manage product and sales for.
 
OCradiodude said:
What if Grupo Radio Centro defaults on payments? What happens to 93.9 FM then?
Click to expand...

I have a buddy that sells cars. He says that hispanics have the best credit.
 
Radioresearcher said:
For those of you Movin' believers - it was up (again) adults 25-54 in the latest weeklies to its highest ratings yet - nearly triple what it had in the diary and inside the top 10 English-language 25-54 outlets.

I give props to all of the KMVN crew for believing and fighting in it.
Click to expand...

yea, i was really starting to like the station in the last few months....it figures that now it has to go.

i gotta get that satellite installed in my truck. LA is a complete waste of radio
 
They're running promos in Spanish for the new Spanish language format at the end of stopsets on Movin this morning.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom