Fontana's Purchase

[60sguy]

Did you notice this on Allaccess.com today?

GEDDINGS & PHILLIPS BROADCASTING CORP. sells Classic Country-Gospel WKMT-A/KINGS MOUNTAIN, NC to DANIEL J. FONTANA's CRN COMMUNICATIONS, LLC for $950,000.

Danny's becoming a broadcast mogul right before our eyes!

 

[mike704]

I have never met Danny Fontana but enjoy his comments and sense of humor. I wish him luck with the station. It's hard to turn a profit with a small market AM these days.

Mike


> Did you notice this on Allaccess.com today?
>
> GEDDINGS & PHILLIPS BROADCASTING CORP. sells Classic
> Country-Gospel WKMT-A/KINGS MOUNTAIN, NC to DANIEL J.
> FONTANA's CRN COMMUNICATIONS, LLC for $950,000.
>
> Danny's becoming a broadcast mogul right before our eyes!
>

 

[Spindoctor]

I hope Danny does well, we just put him on here in Asheville and he's
being received favorably.
The Spindoctor


I have never met Danny Fontana but enjoy his comments and
> sense of humor. I wish him luck with the station. It's
> hard to turn a profit with a small market AM these days.
>
> Mike
>
>
> > Did you notice this on Allaccess.com today?
> >
> > GEDDINGS & PHILLIPS BROADCASTING CORP. sells Classic
> > Country-Gospel WKMT-A/KINGS MOUNTAIN, NC to DANIEL J.
> > FONTANA's CRN COMMUNICATIONS, LLC for $950,000.
> >
> > Danny's becoming a broadcast mogul right before our eyes!
> >
>

 

[upndownthedial]

> > >
> > > Danny's becoming a broadcast mogul right before our
> eyes!
> > >>

Gee, does that mean Angel might have another radio job?

 

[thebroker]

It's not exactly a small-market AM, or at least it won't be soon...they have a CP to go to 10kW directional, aimed at Charlotte...

 

[mike704]

Wow that's interesting, thanks for the information.

Not to be a wet blanket if they are going after WBT it will take a lot of time and a lot of money to compete with a heritage station like WBT. If they can get along without spectacular ratings for a long time then the station might have a chance. After many years 610 WFNZ is finally starting to make some progress.

While I enjoy WBT I hope WKMT does well. It's always good to have a choice. For the size of the market Charlotte has a small number of good AM stations.

Mike


> It's not exactly a small-market AM, or at least it won't be
> soon...they have a CP to go to 10kW directional, aimed at
> Charlotte...
>

 

[Timothy]

> Wow that's interesting, thanks for the information.
>
> Not to be a wet blanket if they are going after WBT it will
> take a lot of time and a lot of money to compete with a
> heritage station like WBT. If they can get along without
> spectacular ratings for a long time then the station might
> have a chance. After many years 610 WFNZ is finally
> starting to make some progress.
>
> While I enjoy WBT I hope WKMT does well. It's always good
> to have a choice. For the size of the market Charlotte has
> a small number of good AM stations.
>
> Mike

I worked with Danny in two capacities. I produced the morning show at WBT when Jon Robinson hosted and Danny did his investment/business report. Then on Fridays, I produced Carolina Chronicle at WFAE which featured his market wrap. I have a feeling a station could go a very long time without profit and still have operating funds with Danny in charge.

He also has an amazing knowledge of wines. When I was an unsophisticated youth, he told me about letting wines "breathe". This was at a time when I preferred screw caps because a corkscrew is hard to remove with a pocket knife.

 

[CKu]

> > > >
> > > > Danny's becoming a broadcast mogul right before our
> > eyes!
> > > >>
>
> Gee, does that mean Angel might have another radio job?
>
The station is not far from where I live. Bldg is essentially cinder-block construction painted white. Truly an early am'er nostalgic look. That its located in a small valley makes you wonder how that tower can transmit over the nearby trees etc. Danny is also going for a taller stick for that 10k. And he's adament about not competeing with 99.3. Nice write-up in the CLT Obser.