Actually, this article says "TV and radio."
https://tvnewscheck.com/article/top-news/231448/cox-tv-valued-3-1-billion-apollo-acquisition/
https://tvnewscheck.com/article/top-news/231448/cox-tv-valued-3-1-billion-apollo-acquisition/
In the DTV world, UHF is better.
I know this is the radio board, but - Cox TV sold.
Actually, this article says "TV and radio."https://tvnewscheck.com/article/top-news/231448/cox-tv-valued-3-1-billion-apollo-acquisition/
I can't imagine Cox is going to sell all their stations to one buyer (unless it's some kind of investment firm -- BAD for the stations.) Some groups are going to hand pick what they want.
For example, I could see Entercom picking up a couple of Atlanta stations, but I don't think they could take all of them -- too many, they'd be outside the limit. Plus, I highly doubt whoever gets the Atlanta stations cares about the Athens ones.
Why? WYAY's 60 db covers Athens very well:
https://www.fcc.gov/media/radio/map...NESVILLE&state=GA&fileno=BLH-20051115ADU&.map
or the red circle:
https://radio-locator.com/cgi-bin/pat?call=WYAY&service=FM
Not that it is "scientific" but 106.7 always stops the scan on my car's radio when I am in Athens
Value today is in clusters. So the only way a Cox cluster would be broken would be if the buyer already has stations in a particular market and would be over the caps with the Cox cluster; in this case it would likely be that the excess station(s) would be separately sold. But I don't believe that Cox would even look at a deal for individual stations in a cluster.
More likely is that the company that buys the whole group or a company that buys an individual cluster would decide whether to keep any rimshot stations. WYAY is a pretty good rimshot, so probably a keeper under any under-limits company.
Cox reportedly does not want to sell individual markets at all according to Radio + TV Business Report. I can't think of a radio company that's in a position to buy all of Cox's markets, but Cox is said to be in discussions with Apollo Global, the company that purchased most of Cox TV.
The problem with Cox trying to sell their markets is the same problem E.W. Scripps had. It's a group of random markets which don't fit any national strategy.
Why would anyone care about covering Athens? It's not in the Atlanta MSA, is not a separate metro and has very little radio revenue locally.
I agree. From what I understand KLove is all about reach. I guess they might want to extend Air 1 but I doubt they are concerned with Athens as a market. I really question Cumulus getting rid of 106.7 since their debt should be under control thanks to the recent bankruptcy.
IMHO: It must have been a part of Cumulus's attempt to get out of New York without it appearing to be a total desperation move (programming wise). Shareholders perception has a lot to do with the executives staying employed. If a once "prime" property like WPLJ becomes a "drag on earnings" it doesn't look to well to the financial community which is concentrated in New York. I guess The Cloud Company does't have to worry about some actually making WYAY competitive in the Atlanta market.
I haven't looked at Cumulus's debt lately, but I doubt the K-Love deal lowered their debt by more than 10%