I wish I had $7 million.
I think Phil Hendrie retired just in the past spring or maybe late winter.
That show cracked me up.
I think Phil Hendrie retired just in the past spring or maybe late winter.
That show cracked me up.
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One of the reasons Curtis is not a player is because of other markets. Remember, CBS wants to sell ten markets so they can concentrate on their majors. Also consider that a cash sale of ten markets would have dramatic tax implications for CBS. Therefore, a station swap is more likely. That, of course, means a larger group (like CC or Entercom) who has stations in makets attractive to CBS.
One other possibility - a three party deal. Large company swaps with CBS, then spins off a market like Greensboro to a third party - not likely to happen with CC or Entercom.
Seven million would be an awesome deal! Of course, that is all on paper in a station swap deal. Cash would be a whole other story!
One other possibility - a three party deal. Large company swaps with CBS, then spins off a market like Greensboro to a third party - not likely to happen with CC or Entercom.
Seven million would be an awesome deal! Of course, that is all on paper in a station swap deal. Cash would be a whole other story!
Actually, Hendrie retired June 23rd. That was his last show.
J
jimmah
Guest
NEW YORK (Reuters) - Radio broadcaster Entercom Communications Corp. said on Monday it will buy four radio stations from CBS Corp. for $262 million, underscoring CBS' strategy to sell stations in slower markets.
Entercom agreed to buy stations from CBS in Austin, Texas; Cincinnati, Ohio; Memphis, Tennessee; and Rochester, New York.
No mention of Greensboro. Does this mean Entercom didn't buy WSJS? If so, does this mean that CC did?
Entercom agreed to buy stations from CBS in Austin, Texas; Cincinnati, Ohio; Memphis, Tennessee; and Rochester, New York.
No mention of Greensboro. Does this mean Entercom didn't buy WSJS? If so, does this mean that CC did?
A
audiodaze
Guest
IF Hamilton is soon to be gone, sadly it's about ten years too late to save the destruction of a once decent station's legacy.
Too much micro managing, and meddling in programming... SJS is a joke and has been for quite some time.
What a waste of radio spectrum it has become!
Too much micro managing, and meddling in programming... SJS is a joke and has been for quite some time.
What a waste of radio spectrum it has become!
Clear Channel could turn things around and level-off the loss, but leaving Winston-Salem will do more damage and once you lose listeners on AM, they are hard to gain back. If they leave Winston-Salem, I predict a further decline. A small one though. CC should consider leasing or buying the storefront at 305 West Fourth Street. That's a marking tool. I would try to get opinion off the street from those looking-in to increase listenership. Picture somone calling their friends asking did you hear me on WSJS or someone standing outside to get their opinion heard on the radio. A show like that would be a lot of fun. I wouldn't be surprised if they could get some kind of incentives to open a studio there? Downtown Winston-Salem has the most residential units of any Triad downtown and is the Triad's largest office market during the day. The studio could be used by WVBZ, for example, during the weekend concerts or the new Kiss 105.7 during the National Black Theatre Festival. There is a high concentration of people in that small area. I don't hear many Winston-Salem spots on Triad radio, but WSJS has them. We are talking about a city that is now up to 227,811 people (Greensboro has 233,148, but Greensboro was 224,000 in 2000, while Winston-Salem was 186,000. I don't think it will be the "Greensboro" market for long. Winston-Salem could retake the largest city title in the very near future. A presence is needed in Winston-Salem and this is a good way to get it.
Mr W/S is right on target.
Downtown WS Assn and the city would help with space - had offered some at one time! Could easily get a thousand square feet for a studio, production room and small office. They do so much WS local direct with CLIENT VOICES it would be hard to do from Highway 68.
Would be great exposure for all kinds of events - near Stevens Center, Jazz on 4th, Rock The Block, and others!
Doesn't matter who buys it - they should go for that downtown space!!! There is a whole suite in the Twin-City builing at 4th and Marshall (across from Stevens Center/next to Speakeasy) that would make a perfect location for studios and sales office.
Downtown WS Assn and the city would help with space - had offered some at one time! Could easily get a thousand square feet for a studio, production room and small office. They do so much WS local direct with CLIENT VOICES it would be hard to do from Highway 68.
Would be great exposure for all kinds of events - near Stevens Center, Jazz on 4th, Rock The Block, and others!
Doesn't matter who buys it - they should go for that downtown space!!! There is a whole suite in the Twin-City builing at 4th and Marshall (across from Stevens Center/next to Speakeasy) that would make a perfect location for studios and sales office.
XTalker said:Mr W/S is right on target.
Downtown WS Assn and the city would help with space - had offered some at one time! Could easily get a thousand square feet for a studio, production room and small office. They do so much WS local direct with CLIENT VOICES it would be hard to do from Highway 68.
Would be great exposure for all kinds of events - near Stevens Center, Jazz on 4th, Rock The Block, and others!
Doesn't matter who buys it - they should go for that downtown space!!! There is a whole suite in the Twin-City builing at 4th and Marshall (across from Stevens Center/next to Speakeasy) that would make a perfect location for studios and sales office.
All that sounds really good, but think… If you were the owner of a business and had extra space in your current place of work (which I believe CC has at their current location in Greensboro), would you go out and rent or buy somewhere else, and incur in the extra expense.
I don’t think that the value added feature of keeping studios in WS will out-weight the savings. Now I think that the coverage that they do in Winston right now for events, from Greensboro aren’t bad at all. So I guess they could do the same thing, if they were to get the am’s.
Only my opinion.
If you don't think space in Winston-Salem for WSJS outweighs savings, you just don't know the market. Just listen to the station. About 90% of the advertising is Winston-Salem based. It is also direct advertising (not a lot of agency business). And, a lot of the clients voice their own ads. I can't see many of them driving to Greensboro to record a commercial.
The one thing that makes the downtown location unlikely to happen is the lease on the current building. I don't see CBS selling the station and not including the lease in the deal! It is likely a long term deal - maybe nine years to go! It would cost a pretty penny to buy out of it.
I think CC would be well served to utilize the space for a Forsyth sales office for the other stations and increase the presence in Winston-Salem. They have little at this point and could use some.
You also have to consider the expense in getting the signal to the SJS transmitter. It is highly unlikely they can get an stl hop from Highway 68 to the transmitter without a relay. Maybe a CAT link or ISDN, but certainly not STL.
Finally, there is the WMFR issue. That is also a complex lease. Transmitter and tower are on the roof of the Radio Building in downtown High Point. Lease includes the top floor of that building - and a clause that requires them to dismantle all of the studios (double walls, raised floors, etc) and return it to the condition it was in before WMAG modified the floor way back when! Would cost a couple of million to move it completely and it is likely not worth it! CC sold that deal to CBS - now they will likely get it back.
One thing for certain, it is a complex deal! That is why its taking so long to pull together.
The one thing that makes the downtown location unlikely to happen is the lease on the current building. I don't see CBS selling the station and not including the lease in the deal! It is likely a long term deal - maybe nine years to go! It would cost a pretty penny to buy out of it.
I think CC would be well served to utilize the space for a Forsyth sales office for the other stations and increase the presence in Winston-Salem. They have little at this point and could use some.
You also have to consider the expense in getting the signal to the SJS transmitter. It is highly unlikely they can get an stl hop from Highway 68 to the transmitter without a relay. Maybe a CAT link or ISDN, but certainly not STL.
Finally, there is the WMFR issue. That is also a complex lease. Transmitter and tower are on the roof of the Radio Building in downtown High Point. Lease includes the top floor of that building - and a clause that requires them to dismantle all of the studios (double walls, raised floors, etc) and return it to the condition it was in before WMAG modified the floor way back when! Would cost a couple of million to move it completely and it is likely not worth it! CC sold that deal to CBS - now they will likely get it back.
One thing for certain, it is a complex deal! That is why its taking so long to pull together.
C
CCX
Guest
I'm still not convinced that CC is going to keep it. I think X-Talker was right about it being a complicated deal and I don't believe the dust has settled YET! I think they might spin it off to someone locally. The other idea that makes sense is IF CC does get it, using the WS office to give CC more presence on that side of the market. With the rapid growth that WS is experiencing coupled with all of the activity downtown, and gas prices, it might be a convenience they're willing to pay for.
As for WMFR, back when Voyager Communications bought them and WMAG, back in 1982, they signed a 100 year lease with building owner, Frank Lambeth (also who they bought the stations from) on their space in the building in downtown High Point. It's for some ridiculously low sum and that's why they continue to stay there. Not to mention the fact that it's just a good perception for your station to actually BE in the city you're selling to.
I'm still holding out some ridiculous hope that Howard Nemenz's group will wind up with WSJS. I know it's probably unlikely, but I can dream can't I?
As for WMFR, back when Voyager Communications bought them and WMAG, back in 1982, they signed a 100 year lease with building owner, Frank Lambeth (also who they bought the stations from) on their space in the building in downtown High Point. It's for some ridiculously low sum and that's why they continue to stay there. Not to mention the fact that it's just a good perception for your station to actually BE in the city you're selling to.
I'm still holding out some ridiculous hope that Howard Nemenz's group will wind up with WSJS. I know it's probably unlikely, but I can dream can't I?
C
chchcharlie
Guest
Mr Winston-Salem said:We are talking about a city that is now up to 227,811 people (Greensboro has 233,148, but Greensboro was 224,000 in 2000, while Winston-Salem was 186,000. I don't think it will be the "Greensboro" market for long. Winston-Salem could retake the largest city title in the very near future. A presence is needed in Winston-Salem and this is a good way to get it.
Just curious about where you got your figures showing a 22% increase in population for Winston Salem?
According to an article in the Winston Salem Journal on August 17th concerning Winston Salem population....
"The Census Bureau's estimate for the city's full population as of July 1, 2005, is 193,755 - a 4.3 percent increase over the 2000 census count of 185,776."
Here is the link to the full article.
http://www.journalnow.com/servlet/S...SJ_BasicArticle&cid=1149190023206&c=MGArticle
It doesn'y matter if it's 197K or 220K....Winston Salem is a MAJOR city and an anchor in the market. CC or whomever would be well served to keep offices in WS. SJS has SUCH a WS identity and so much goes on in WS....Concerts, events, remotes etc would be handled from the existing building. X Talker brought up a valid ppoint in the lease on the actual facilities. You don't think of those types of things figuring into the deal , but they do. It just makes sense to have a presence there....from on air to picking up checks from WS advertisers
The increase likely comes from that large annexation that included about 20,000 people!
Doesn't really matter - WS is a viable city with a large number of potential, local, direct advertisers who are only being served by WSJS. Any owner could use some business from Winston-Salem and would be wise to maintain a presence in the city.
Doesn't really matter - WS is a viable city with a large number of potential, local, direct advertisers who are only being served by WSJS. Any owner could use some business from Winston-Salem and would be wise to maintain a presence in the city.
No matter what the figures, I could easily see Winston once again becoming the largest city in the Triad. Greensboring's economic base is quickly moving out of town, the industries in the city are in the tank, and none of the downtown projects currently being worked on or planned are going to bring enough people in to make a difference. W-S, on the other hand, has everything going for them... the annexation, the lively downtown lifestyle and (with the exception of Wachovia) very little loss of business in the city. In fact, for many of the same reasons, I could see High Point becoming the second-largest city in the Triad not too far off in the future as well.
Not soon... but someday not that far out. Stranger things have happened!
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