F
fred flintstone
Guest
http://www.insideradio.com/topheadline.asp?ID=431205&PT=Today%27s+Top+StoriesFull Disclosure: Clear Channel owns Inside Radio. Brian Maloney writes a commentary column for Inside Radio.Still, Inner City Broadcasting has at least two parties interested in leasing WLIB. The idea of an auction for the LMA is not far-fetched. But if AAR gets themselves sucked into a bidding war they are even dumber than I give them credit for being. Reporteldy, the current LMA deal gives Inner City Broadcasting $2.5 million per year plus half of any station revenue over $2.5 million. It's a bad deal. AAR was lucky their other LMA's collapsed and now they have standard affiliation/syndication deals in Chicago and LA. Make nice with Michaels and they can still get two, maybe three, shows cleared in New York. Instead, management is driven by ego to make an even worse deal than the one they have now. But I suppose the Drobny's can afford it.Is it a bidding war for WLIB, New York?And could Air America wind up extending its lease past August 31? That’s the way Inside Radio now hears it – and that WLIB owner Inner City doesn’t have an agreement with Randy Michaels. Nobody’s talking, but it sounds like Inner City’s interested in maximizing its long-term lease revenue, not long after signing a short-term renewal with Air America.