Chuck said:
Today, I see on several news services that Ibiquity has decided to lower the primary licensing fee to $10,000 for all new stations. I'm guessing the selling must be getting harder once you run out of stations that are owned by your investors, or who got grants from CPB.
I know that news would make me all "warm & fuzzy" if I'd signed up last fall for $35,000.
Either you or "several news services" got the story wrong. From the iNiquity press release:
"Per the terms of the program, any radio broadcast group not currently licensed under a previous iBiquity Digital station conversion incentive program will have their
primary audio license fees capped at $10K per station (HD Radio license fees are scheduled to increase to $15K per station in July 2007 and then to $25K in July 2008).
"Qualifying groups will commit to license and convert stations under the following terms:
--All group stations currently licensed with iBiquity Digital must be converted under the existing license terms;
--At least one group station not already converted must be converted by December 31, 2007;
--50 percent of all group stations with revenues in excess of $300,000 must be converted by December 31, 2010 based on a schedule outlined in the License Commitment Agreement (LCA);
--$2,000 of the $10,000 license fee for each station committed under the incentive is due by September 30, 2007. The remaining $8,000 for each station is due at the time the station is licensed."