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Good Karma To Lease 880; WCBS News Programming To End

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You only had to go back a couple of pages from the end.

I misspoke about which team and was subsequently corrected, but the fact remains valid. And GKB will not be getting the revenue from Mets games; as you correctly pointed out, that contract is with Audacy.
No I was talking about news reports, I don’t think anyone reported at least from what I saw that the Mets/Audacy broadcast deal ends after the 2025 season, many of these deals can be in the 4-8+ year range.
 
We all know that WCBS’s listeners are getting older but Audacys rights fees are significant and likely not going to go down at least in near future. For GKB there is more value for them then anyone else in having a summer pbp team being a sports station, they may not set the ratings world on fire but they can get some serious revenue with the 880 signal, mets and digital.

What this does it is puts the Mets on an all sports station, which is a better environment for Mets advertising. That's good for both companies
 
Generally no. If, however, a market has a large enough audience to support multiple stations in the same format, providing your own competition to keep someone else from doing it can make sense. Admittedly, that's not the case with most formats or in most situations, but it can be beneficial at times.
Cumulus operates two successful country stations in Dallas-Fort Worth. KPLX leans gold, while KSCS is mostly current/recurrent, but there is playlist overlap.
 
Cumulus operates two successful country stations in Dallas-Fort Worth. KPLX leans gold, while KSCS is mostly current/recurrent, but there is playlist overlap.

However both stations do well in 25-54. That is not the case for either WINS or WCBS.

There was a time when all-news did well with 25-54. Not anymore. It's now 65+
 
Don't count your chickens before they hatch. We don't know what 98.7 will be airing next and Lance has already telegraphed that we won't like it. Sounds like it's still going to be a net loss.
Only for listeners in the dominant RadioDiscussions demographic, which is underserved by NYC radio for a very good reason -- it doesn't reflect the prevailing demographics of NYC.
 
What this does it is puts the Mets on an all sports station, which is a better environment for Mets advertising. That's good for both companies

Not necessarily. WCBS had a good size audience who could end up catching a game by chance, just by punching up their favorite preset. Something tells me ESPN will have a much smaller audience punching up 880 on a regular basis. The Mets may not catch as much casual tuning to the games as they did on a flagship news station.
 
Not necessarily. WCBS had a good size audience who could end up catching a game by chance, just by punching up their favorite preset. Something tells me ESPN will have a much smaller audience punching up 880 on a regular basis. The Mets may not catch as much casual tuning to the games as they did on a flagship news station.
Stop calling it ESPN. It's been noted over and over that 880 has its own air talent, talking about New York sports. It's not your typical ESPN operation in medium markets, carrying whatever canned programming the mother ship sends down the line from Bristol.
 
This is a Chapter 11 proceeding. Trustees are seldom appointed in a Chapter 11 case. There is no Trustee for this particular case.

It would not surprise me one bit if the LMA of 880 does not even require court approval. The company's ability to conduct transactions of the sort contemplated here was likely affirmed as part of First Day Motions at the start of the bankruptcy case.

They most likely got some kind of Court OK. This is not a business as usual transaction. The fact they are in bankruptcy can give them leverage with the Union.

I am sure the lenders / bond holders are watching every move. If this was not a cash positive deal (at least on paper) the debt holders would be filing claiming the "unnecessary destruction" of an asset, the "WCBS 880 brand". Asset protection for the lenders is a duty of the court.
 
Stop calling it ESPN. It's been noted over and over that 880 has its own air talent, talking about New York sports. It's not your typical ESPN operation in medium markets, carrying whatever canned programming the mother ship sends down the line from Bristol.

It's still branded ESPN and considering its FM ratings were so bad it dropped its Nielsen subscription I highly doubt it will be drawing much tuning to 880 at all.
 
Speaking of network...

Effective Friday 8/16, Mets broadcasts on 880 are now branded as the "Audacy Mets Radio Network".

Of course, the network is just the one station.
When did that change? I remember a few years ago The Mets were on WAVZ then known as ESPN 1300 in New Haven, while their sister station WELI 96.9/960 carried the Yankees.
 
I always wonder what happens after WCBS radio signed off for the final time on August 26th & is handed over to ESPN (or 98.7). does anyone know what will happen to listeners, will they move to 1010 WINS or 770 WABC AM?
 
When did that change? I remember a few years ago The Mets were on WAVZ then known as ESPN 1300 in New Haven, while their sister station WELI 96.9/960 carried the Yankees.
Five seasons ago, 2019. The elimination of the network meant that the Mets, who had just bought their Class AAA affiliate in Syracuse,Syracuse lost its National League Mets right affiliate right after the Mets had bought their Syracuse Class AAA affiliate, the Chiefs, and rebranded them as the Syracuse Mets. Apparently, the Mets' thinking is that a network of local stations is no longer required as fans who want to listen to NY Mets games and are out of the primary coverage area of WCBS can always stream them.
 
I always wonder what happens after WCBS radio signed off for the final time on August 26th & is handed over to ESPN (or 98.7). does anyone know what will happen to listeners, will they move to 1010 WINS or 770 WABC AM?
I would guess those who want news will switch to WINS and those who want right-wing opinions and miscellaneous specialty talk shows will migrate to WABC. But I can't see WCBS and WABC having much current audience in common. WABC and WOR probably have much more overlap.
 
I would guess those who want news will switch to WINS and those who want right-wing opinions and miscellaneous specialty talk shows will migrate to WABC. But I can't see WCBS and WABC having much current audience in common. WABC and WOR probably have much more overlap.
Keep in mind, WABC also has those weekend music, but when it comes on Saturday, WLIW also has those great music, don't know If Sock Hop Saturday Night always compete with WABC music radio, but all I know is that the podcasts will upload just after 12 hours of original new airing..
 
It's still branded ESPN and considering its FM ratings were so bad it dropped its Nielsen subscription I highly doubt it will be drawing much tuning to 880 at all.
The owner usually does not buy ratings anywhere, because a majority of sports buys are format-based and not ratings driven. In any case, the ad agencies get the full data if they need it, but Good Karma sells the format, not the numbers.
 
What this does it is puts the Mets on an all sports station, which is a better environment for Mets advertising. That's good for both companies
I think what would be more accurate is that WCBS has a news format thats very costly and a aging listenership + a company that has multiple sports contracts in NYC that’s also very costly and the Mets contract most likely isn’t realizing it’s full potential because said news format and it’s a AM only signal. The current format billing is just going to decrease over time and any format change is a money loser. Long term selling the signal or getting monthly payments from GKB are the best options for Audacy.
 
I think what would be more accurate is that WCBS has a news format thats very costly and a aging listenership

Is it really aging? Or has news always attracted an older audience?

I don't think young people ever listened to news radio much, whether it was in the 80s, 90s or today. People get more interested in news the older they get, so it stands to reason the format attracts 50 year-olds and then as they get older they are replaced by more 50 year-olds, and that's always been the case. The demographics would remain constant if that's true. If you can show evidence to the contrary though, I'd love to see it.

I believe this was an opportunistic move by bankrupt Audacy to lease the signal to a tenant and put less effort into doing the work themselves. I also think it may end up being a short-term tenant if the business model doesn't work out the way GKB thinks it will. But does bankrupt Audacy care what happens 3 years down the road? Will anyone currently at the company even still be around by then? Given their situation why should any of them care the slightest bit about the quality or heritage of the portfolio they oversee?
 
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