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If WQEX sold for $3 million.. what are radio properties are worth?

T

thefalcon

the post gazette reports
http://postgazette.com/pg/10312/1101716-67.stm

tv is an automatic ticket on local cable and satellite.. so that is a big advantage.

what are all of the local radio properties worth compared to a tv station?
I am just asking for ideas.. not trying to be funny. is there an am worth 1 million unless it's kdka?
is WDVE worth 3 million .

or are we starting to get back to the early 1980's when 104.7 in New Ken was worth 1.2-1.5 million

what is 99.7 and 92.9 worth? just looking for your thoughts
 
Was talking with the CE of a large group of stations the other day and he stated that radio has less than 10 years to go. Eventually we will have a much better delivery system in place. There are those who keep clinging to the idea that we will still need to have AM, etc. Let's get real!

This means that if you pay 1 million for a station today, it will be worth less than that in 2 years and still less in 4 years. As older listeners, such as I, die off, they will not be replaced by younger ones.

By the way, he also admitted that IBOC is a failed technology. Welcome to the club!!!
 
thefalcon said:
tv is an automatic ticket on local cable and satellite.. so that is a big advantage.
Click to expand...

Actually DirecTV removed WQEX from my local channel lineup about 2 yrs. ago.
Did not need the duplication with all of the other shopping channels they carry I guess.

They will probably have to bring them back though as once they establish Syndex rights
in Pittsburgh they'll be forced to remove the national Ion feed.

Sad as 'QEX was such a unique station back in the days of Pip Theodore et. al.
 
Here's a new data point: At the height of the market, a class A rimshot signal into NYC (92.7, the old WLIR, now WQBU, reaching Brooklyn, Queens, Nassau and parts of Manhattan, the Bronx and Westchester) sold for $60 million.

We now know what EMF is paying Cox for a slightly better class A rimshot, the 96.7 that will serve the Bronx, Westchester, Queens, Nassau and parts of Brooklyn, Manhattan and Bergen - $15 million.
 
While I'm still looking at the bright side of life (I found that sign-off the best part of the Channel 16 broadcast day), I wonder what WQED was thinking. ION still is emerging from its bankruptcy filing of a year ago, NBC never went through with exercising its right to buy more of a share of old Pax -- the decision that reportedly drove Lowell Paxson out of the network he founded -- and what the QED folks claim is such a good decision sounds like they were dumping a low-power for, as a friend of mine might put it, 50 cents and six boxtops, rather than the full-power secondary signal that in these days of digital TV is far better than the old VHF signals would be.

Then again, we're a strange market, where two couples can pool $8.9 million to run a Catholic network that isn't meant to keep an audience other than true believers and a Florida widow thought until recently that someone might be crazy enough to pay $1.75 million for a daytime-only station, albeit one with a heck of a daytime signal.

It actually is getting to be more fun to watch the madness than to be a part of it.
 
Your grandfather couldn't imagine a world without Western Union and the telegraph. Your Dad's generation can't figure out where all of the newspapers went.

Time and technology march on.

Ten years is pushing things. The FCC would take the AM band tomorrow like it did analog TV if it could find a decent use for it. HD is a miserable failure that never caught on. That programing is on satellite, Pandora and the Internet. Some FM will survive as long as Wi-Fi or its offshoots can't reach the same level of national coverage areas as present cellphone nets. That is going to take a LOT of money, something nobody has much of these days.

Want to see the future. Take a look at the hard drive entertainment systems that Ford is starting to push. Some of engineers that designed it came from Boeing when they did the flight systems for the 787. They have already seen the future. It doesn't come with a dial.
 
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