http://www.bostonglobe.com/business...rhouse-weei/9ZhyvkTx76XuMWx9sHm93I/story.html
>>Once a Boston radio powerhouse that had the local sports market to itself, WEEI already has lost many listeners like Mavrikos to 98.5 The Sports Hub, a CBS-owned rival that was launched in 2009. Though the station takes in much more money than its new competitor, revenues at WEEI are down nearly 20 percent since The Sports Hub began broadcasting, according to industry figures, and it remains saddled with an expensive contract to broadcast the Boston Red Sox
"Takes in much more money", hmm, but...
There were times it did technically have the local sports market to itself but there were the likes of 890 ESPN and 1510 (then-) WWZN. Not serious competition yes but they were out there.
The article says that the Sox contract they signed in '06, effective with the '07 season*, _averaged_ $20M/yr. We had heard that figure before but some said it was more like $14M, or maybe it was really that to begin with but increased over the years? I thought at one point Ent. "restructured" the deal with the Sox, but no details on how much money
was involved. The article does mention the hesitance to move to FM and other factors and said Ent. was pressured to pay big bucks for the Sox as Greater was rumored to start their own station, on FM (92.9 WBOS; which the Globe had reported in May of '06 had signed a deal in principle to carry the Sox. GM later backed down and Ent.
moved in..,..)
*--with WRKO as flagship at that time. There are bumper stickers around that say "Boston Red Sox--2007 World Series Champions-- WRKO AM 680"
>>Once a Boston radio powerhouse that had the local sports market to itself, WEEI already has lost many listeners like Mavrikos to 98.5 The Sports Hub, a CBS-owned rival that was launched in 2009. Though the station takes in much more money than its new competitor, revenues at WEEI are down nearly 20 percent since The Sports Hub began broadcasting, according to industry figures, and it remains saddled with an expensive contract to broadcast the Boston Red Sox
"Takes in much more money", hmm, but...
There were times it did technically have the local sports market to itself but there were the likes of 890 ESPN and 1510 (then-) WWZN. Not serious competition yes but they were out there.
The article says that the Sox contract they signed in '06, effective with the '07 season*, _averaged_ $20M/yr. We had heard that figure before but some said it was more like $14M, or maybe it was really that to begin with but increased over the years? I thought at one point Ent. "restructured" the deal with the Sox, but no details on how much money
was involved. The article does mention the hesitance to move to FM and other factors and said Ent. was pressured to pay big bucks for the Sox as Greater was rumored to start their own station, on FM (92.9 WBOS; which the Globe had reported in May of '06 had signed a deal in principle to carry the Sox. GM later backed down and Ent.
moved in..,..)
*--with WRKO as flagship at that time. There are bumper stickers around that say "Boston Red Sox--2007 World Series Champions-- WRKO AM 680"
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