smartestguyintheroom said:It might be a shrewd deal. Then again, he's zero for two already. 1-Bad signal AM with sub-standard programming on a local level. 2- a third rate sports network which added absolutely no relative product quality to his station as proven by the lack of ratings growth as KGOW remains at a consistent .1 share with a very sad cume for its 5+ year history.
I don't know him, but it sounds like you do. It also sounds like he's a person with lots of money who wants to be in the radio business without the benefit of professional advice. Or he gets awful advice. Or maybe he gets correct, professional advice (I've been told he does) and he listens and ignores it. Either way, the shrewdness of the 97.5 signal deal will play itself out. As have his aquisitions of KGOW and the sports network. Hopefully he got Dave Tepper as part of the KFNC deal. If so, he has an excellent PD that can benefit the entire organization. Time will tell.
And those Missouri City signals at the Senior Road facility would never go for the $25-30 million range. More like $100 million and up.
It's always interesting to hear people talk who believe that they are the "smartest in the room". I agree with you on the 1560 signal. It did not shape up to be what it was talked up to be. A lot of money was spent to improve that signal but that wasn't really possible. The reliability is much better though. The Yahoo Sports Radio deal is not as bad as you all think. With a network, it's not about any one local market, it's about numbers of affilliates. That's getting better. It is now profitable. The KFNC deal is going to be a win. The price was very reasonable. It makes money now. That is only going to get better. So his move making is coming around. Tepper is going to help 1560 also. It takes time to get away from an image that a lot of people disliked.