If I was running 100.3

[allvetsnv]

I would flip to Rock and put on Opie and Anthony mornings

 

[hamNcheese]

I like O&A. Funny stuff. But when you say 'Rock' what exactly are you talking about?

 

[mostb1]

I would flip to Rock and put on Opie and Anthony mornings

Your first problem is that Radio One serves an Urban audience. They won't do rock. The few stations they picked up in the last few years that don't serve an Urban audience, they have branded non-core assets and are selling off.

Your second problem is O&A will soon be on KLSX.

Your third problem is Los Angeles can't support another rock station.

There are ways to fix 100.3 The Beat but by using syndicated programming from losers and no-talents, such as they are now, it will continue to be the failure they have turned it into.

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

One other note, the now debunked rumor that Emmis would by this station was totally laughable. Cheap Emmis doesn't pay this kind of money. They had to fire Mancow just to hire Rick Dees. They'd never pay 1/4 billion for the WORST full-market FM signal in Los Angeles. Their investors would kill them.

 

[researcher]

I would flip to Rock and put on Opie and Anthony mornings

Your first problem is that Radio One serves an Urban audience. They won't do rock. The few stations they picked up in the last few years that don't serve an Urban audience, they have branded non-core assets and are selling off.

Your second problem is O&A will soon be on KLSX.

Your third problem is Los Angeles can't support another rock station.

There are ways to fix 100.3 The Beat but by using syndicated programming from losers and no-talents, such as they are now, it will continue to be the failure they have turned it into.

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

One other note, the now debunked rumor that Emmis would by this station was totally laughable. Cheap Emmis doesn't pay this kind of money. They had to fire Mancow just to hire Rick Dees. They'd never pay 1/4 billion for the WORST full-market FM signal in Los Angeles. Their investors would kill them.

What L.A. can't support is four Urban stations -- KJLH, KDAY, KHHT (it is about 40% Black cume), and KKBT - with a Black population at 7.5% and declining. Not to mention There is room for another rock signal - maybe not a full - but there is. KROQ billed $67 million last year. KCBS-FM is a rock station - look at the ethnic and the demos...

One of the Urban players needs to flip ... KKBT, KJLH, and KHHT can't all be Urban AC (although KHHT has shifted slightly more Hispanic).

They score two of the best power ratios in the market.

 

[mostb1]

I would flip to Rock and put on Opie and Anthony mornings

Your first problem is that Radio One serves an Urban audience. They won't do rock. The few stations they picked up in the last few years that don't serve an Urban audience, they have branded non-core assets and are selling off.

Your second problem is O&A will soon be on KLSX.

Your third problem is Los Angeles can't support another rock station.

There are ways to fix 100.3 The Beat but by using syndicated programming from losers and no-talents, such as they are now, it will continue to be the failure they have turned it into.

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

One other note, the now debunked rumor that Emmis would by this station was totally laughable. Cheap Emmis doesn't pay this kind of money. They had to fire Mancow just to hire Rick Dees. They'd never pay 1/4 billion for the WORST full-market FM signal in Los Angeles. Their investors would kill them.

What L.A. can't support is four Urban stations -- KJLH, KDAY, KHHT (it is about 40% Black cume), and KKBT - with a Black population at 7.5% and declining. Not to mention There is room for another rock signal - maybe not a full - but there is. KROQ billed $67 million last year. KCBS-FM is a rock station - look at the ethnic and the demos...

One of the Urban players needs to flip ... KKBT, KJLH, and KHHT can't all be Urban AC (although KHHT has shifted slightly more Hispanic).

They score two of the best power ratios in the market.

KCBS is no rock station. A station that plays Madonna and Funkytown in their mix isn't rock.

The only company that could go up against KROQ is Clear Channel. No other company in this market could withstand the promotional dollars and potential losses. With the blows Clear Channel is about to experience from Emmis, they might consider this for Star or KBIG. One of those two stations, or both, I predict will flip to another format before the next Presidential election.

Indie 103.1 is a prime example of why this market can not support another rock station especially on a non-full market signal. Here is a station whose signal actually reaches white neighborhoods and it's a failure.

KJLH isn't going away or changing from urban/urban ac. Stevie will hold onto it until he dies.

The only thing holding back KHHT is Mike Marino. He's a control freak of the worst kind. It's quite amazing that he gave up control, including programing the music, on Art Laboe's show. More moves like that and Hot would be near or at the top of the Clear Channel cluster.

KDAY. It won't ever be at the top of the ratings in L.A. but it could outperform KKBT the way Radio One runs things. KDAY could easily be squashed by a major player if they know how to run a radio station in Los Angeles.

As for KKBT, it did well when it was run by a company less inclined to serve only a black audience. "No Color Lines", John London & the House Party, Frank Miniaci as music director were its better days. They could be repeated.

 

[allvetsnv]

re: if I ran 100.3

KROQ and INDIE 103 are alternative stations (and at least 60% of the music they play I wouldn't clasify as rock) the station playlist would be more towards what KOMP 92.3 Las Vegas.

 

[mostb1]

Re: re: if I ran 100.3

KROQ and INDIE 103 are alternative stations (and at least 60% of the music they play I wouldn't clasify as rock) the station playlist would be more towards what KOMP 92.3 Las Vegas.

Los Angeles has classic rock and alternative. That's about all you can do and win with under the current demographics in this market in the rock arena. KLOS moved a few years ago to playing more currents and more upbeat rock music and had to quickly rethink that losing proposition.

I'd put on a country format before a rock format. And I wouldn't want to be involved with either in this market currently.

Come back and pose your question again after we've secured the border with a wall from California to Texas, begun jailing employers who hire illegals and started the process of "attrition" of illegal aliens now in this country.

 

[davideduardo]

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

First, they paid around $400 million for this, so the write-off would look terrible. Second, it does not work that way: a sale of an assest would be used to pay down debt, not to create a special dividend.

P.S. "Stock market investors" are the owners, the only owners, of Radio One.

 

[mostb1]

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

First, they paid around $400 million for this, so the write-off would look terrible. Second, it does not work that way: a sale of an assest would be used to pay down debt, not to create a special dividend.

P.S. "Stock market investors" are the owners, the only owners, of Radio One.

Wrong, David. Salem just did it and it was 1/2 funded by the sale of it's FM in Jacksonsville, Florida.

-------------------------

Salem Communications Corp. Announces A Special Cash Dividend

July 12, 2006 Salem Communications Corp. announced that its Board of Directors declared a special cash dividend of $0.60 per share on its Class A and Class B common stock to be paid on July 28, 2006, to shareholders of record at the close of business on July 17, 2006. The dividend payment will total approximately $14.6 million.

--------------------------

I'll be happy to post the analysts who were asking for this dividend and their words on how to fund it. Where there is creative accounting methods it will and has happened.

As for KKBT, no individual purchase price was ever disclosed for 100.3 FM and the intellectual property of "The Beat". It was a sale of 12 stations to Radio One for $1.3 Billion. $400 Million is way on the high side. Even Emmis only values 93.9 in Los Angeles currently at $250 Million. I posted the link to Rick Cummings own statement of that this morning in another thread which I will be happy to repost here if you wish. Please get your facts straight.

 

[davideduardo]

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

First, they paid around $400 million for this, so the write-off would look terrible. Second, it does not work that way: a sale of an assest would be used to pay down debt, not to create a special dividend.

P.S. "Stock market investors" are the owners, the only owners, of Radio One.

Wrong, David. Salem just did it and it was 1/2 funded by the sale of it's FM in Jacksonsville, Florida.

-------------------------

Salem Communications Corp. Announces A Special Cash Dividend

July 12, 2006 Salem Communications Corp. announced that its Board of Directors declared a special cash dividend of $0.60 per share on its Class A and Class B common stock to be paid on July 28, 2006, to shareholders of record at the close of business on July 17, 2006. The dividend payment will total approximately $14.6 million.

--------------------------

I'll be happy to post the analysts who were asking for this dividend and their words on how to fund it. Where there is creative accounting methods it will and has happened.

As for KKBT, no individual purchase price was ever disclosed for 100.3 FM and the intellectual property of "The Beat". It was a sale of 12 stations to Radio One for $1.3 Billion. $400 Million is way on the high side. Even Emmis only values 93.9 in Los Angeles currently at $250 Million. I posted the link to Rick Cummings own statement of that this morning in another thread which I will be happy to repost here if you wish. Please get your facts straight.

Nearly everyone thought the price breakdown on KKBT would represent about $400 million for the station, which was a major cash flower at the time. If you use standard (at the time) multiples for the other stations in the deal, it left near $400 for KKBT. At that time, and even now, a station with good BCF, a margin over 50% and good ratings is worth that in LA.

KZLA was valued by Rick at about the reference point for sticks, as established by KFSG when SBS bought it. Since KZLA changed formats, it converted to a stick and is, thus, worth $250. This would be logical.

As to the Salem situation, this is similar to the Microsoft one of last year. Microsoft was profitable, had never paid a dividend, and had cash not needed for debt service or momitments.

Salem was within all the ratios on its debt, and had extra free cash, so they declared a dividend rather than paying down debt or repurchasing stock which is the usual thing to do. They may have thought it would help the stock price, but it did not. It was most likely to please the insiders who hold 35% of the shares and institutions who hold another 50%. In other words, the company is very tightly held and suject to the will of those who control it. This was an odd, if not bizarre move, since the stock was at $15 in May, and is hovering just above $11 now, so the move did not help and may have hurt. Paying down debt would have been better as the D:E ratio is among the higher in the industry... higher than Clear Channel, even. In retrospect, the dividend was absolutely the wrong thing to do.

I have chatted recently with Rick, so I do not need your quote of what he said. It is consistent with market trades and current stick values in LA.

 

[davideduardo]

Best solution for the idiots that run Radio One is to sell the property off for $250 Million and return the money to their stock market investors.

First, they paid around $400 million for this, so the write-off would look terrible. Second, it does not work that way: a sale of an assest would be used to pay down debt, not to create a special dividend.

P.S. "Stock market investors" are the owners, the only owners, of Radio One.

Wrong, David. Salem just did it and it was 1/2 funded by the sale of it's FM in Jacksonsville, Florida.

-------------------------

Salem Communications Corp. Announces A Special Cash Dividend

July 12, 2006 Salem Communications Corp. announced that its Board of Directors declared a special cash dividend of $0.60 per share on its Class A and Class B common stock to be paid on July 28, 2006, to shareholders of record at the close of business on July 17, 2006. The dividend payment will total approximately $14.6 million.

--------------------------

I'll be happy to post the analysts who were asking for this dividend and their words on how to fund it. Where there is creative accounting methods it will and has happened.

As for KKBT, no individual purchase price was ever disclosed for 100.3 FM and the intellectual property of "The Beat". It was a sale of 12 stations to Radio One for $1.3 Billion. $400 Million is way on the high side. Even Emmis only values 93.9 in Los Angeles currently at $250 Million. I posted the link to Rick Cummings own statement of that this morning in another thread which I will be happy to repost here if you wish. Please get your facts straight.

Nearly everyone thought the price breakdown on KKBT would represent about $400 million for the station, which was a major cash flower at the time. If you use standard (at the time) multiples for the other stations in the deal, it left near $400 for KKBT. At that time, and even now, a station with good BCF, a margin over 50% and good ratings is worth that in LA.

KZLA was valued by Rick at about the reference point for sticks, as established by KFSG when SBS bought it. Since KZLA changed formats, it converted to a stick and is, thus, worth $250. This would be logical. An LA FM with, let's say, $20 million in BCF, would today be worth about $320 million.

As to the Salem situation, this is similar to the Microsoft one of last year. Microsoft was profitable, had never paid a dividend, and had cash not needed for debt service or commitments.

Salem was within all the ratios on its debt, and had extra free cash, so they declared a dividend rather than paying down debt or repurchasing stock which is the usual thing to do. They may have thought it would help the stock price, but it did not. It was most likely to please the insiders who hold 35% of the shares and institutions who hold another 50%. In other words, the company is very tightly held and suject to the will of those who control it. This was an odd, if not bizarre move, since the stock was at $15 in May, and is hovering just above $11 now, so the move did not help and may have hurt. Paying down debt would have been better as the D:E ratio is among the higher in the industry... higher than Clear Channel, even. In retrospect, the dividend was absolutely the wrong thing to do.

I have chatted recently with Rick, so I do not need your quote of what he said. It is consistent with market trades and current stick values in LA.

 

[zumahans]

Faith based accounting, perhaps?

 

[hotpatrick2004]

I am originally from louisville,ky and just moved out here and radio one does own a supposed alternative station there by the calls of wlrs and it really is a nu metal station witha few alt tracks thrown in.Radio one knows nothing about programming an alt station they are really bad at it.They will say non stop nu rock all day and go straight into a cult song.Radio one is clueless about rock.I love radio out here with indie 1031 and kroq and 91x and 94.9 in san diego.

 

[Bianco500]

And judging by the ratings for their "Chocolate" formats, they don't know how to program those either. What other company do you know of that would let a very successful LA Jock go, hire some NBA Dude, watch their ratings slide in half and then bring in a guy who FAILED on 103.9 when it is owned by Cox? Oh yeah, they took this other dude that failed on 103.9, moved him to their stations in St Louis, Philly and Detroit and watched as CC hired the dude they let go in LA, and he mantains the ratings for CC while RO doesn't get jack squat.

 

[Herb999]

Radio One is honest though, they name their stations beat and that was the get according to arbitron.

 

[Radiogeek500]

Let's get it straight

KKBT is not being sold, Joyner is staying put, RO will continue to have a 1.5 and this board will be focused on country music coming back to LA.

Any further questions?

 

[mostb1]

Let's get it straight

KKBT is not being sold, Joyner is staying put, RO will continue to have a 1.5

I believe the future published comments of a few stock analysts will change that.

 

[davideduardo]

Let's get it straight

KKBT is not being sold, Joyner is staying put, RO will continue to have a 1.5 and this board will be focused on country music coming back to LA.

Any further questions?

Watch 98.7, maybe as soon as next Friday the 15th. I have seldom seen the "unsubstantiated rumor" level so high, and I would guess that something is going on.

 

[researcher]

Let's get it straight

KKBT is not being sold, Joyner is staying put, RO will continue to have a 1.5 and this board will be focused on country music coming back to LA.

Any further questions?

Watch 98.7, maybe as soon as next Friday the 15th. I have seldom seen the "unsubstantiated rumor" level so high, and I would guess that something is going on.

Those rumors have been going around since KZLA's flip to Country. Heard rumors of "La Preciosa" and Country. The latter would make a lot of disenfranchised listeners happy, but the former seems like a better move for the market demos.

We know that "Recuerdo" has done very well in markets where "Preciosa" was on first. How would this work in reverse, especially with a class B against two Class A's (albiet two very well targeted ones)? However, KRCD/KRCV is local - and I'm sure David has been thinking through this one for a while

 

[davideduardo]

Those rumors have been going around since KZLA's flip to Country. Heard rumors of "La Preciosa" and Country. The latter would make a lot of disenfranchised listeners happy, but the former seems like a better move for the market demos.

We know that "Recuerdo" has done very well in markets where "Preciosa" was on first. How would this work in reverse, especially with a class B against two Class A's (albiet two very well targeted ones)? However, KRCD/KRCV is local - and I'm sure David has been thinking through this one for a while

The rumors have heated up further, to the point that apparently clients are being "consulted" so they feel part of the change. Good tactic, too.

LA is very fragmented compared to the markets where Preciosa actually works. There are, at best, about 4 shares for the format. Divide it between two, and you leave Clear with a Spanish station that will bill about $12 million (low rated spanish stations do about that level... way below the current billing).

Since Recuerdo has beaten every Preciosa we have put it against in 6 months or less, there is not much they can do on programming. The format is really small-market, and would likely do poorly in LA, just as it has done in other larger markets like Dallas where recuerdo beats it nearly 2 to 1 in the last month.

Recuerdo LA also has local talent, and a local community service heritage of 6 years standing... and an alliance with our own TV stations. Going up against it for $12 million does not seem to make sense, but the CCU Hispanic division has made so many mistakes it still would not surprise me.

I think we will know this week. Should be "entertaining."

I am reminded of the Chinese curse, "may you live in interesting times." I believe I am living them now.