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Insurance Tunes Out WBAI Sandy Claim
- Thread starter DToTheJ
- Start date
New Rock 99.5
99.5 WRXP
Rock 99.5
99.5 WRXP
Rock 99.5
Is WBAI headed to Boerum Hill? With all this talk of them not even being able to pay their back rent or make payroll it's hard to believe they could even think about buying a building to move their studios into, but I caught a very unsubstantiated rumor that they could be acquiring the BK Commons building in Brooklyn. That would be an interesting trick, but from what I read earlier their current space at City College was only meant to be temporary so maybe there's something to it.
We need Alternative Rock. This is the #1 Market in the country without a Rock station!
One would think NYC would have "one" of every traditional format (CHR, Rock, News, News talk, Country, Urban, Urban AC, AC, Hot AC etc,), but with Arbitron stating "12+ Population: 15,573,500 (Black: 2,591,000) (Hispanic: 3,566,600)" that is over one third of the population in an Arbitron recognized ethnic group, New York is not a "traditional" market. As a result, the spectrum "pie" for traditional formats will be smaller. No cluster owner in his or her right mind would ignore over one third of the market. This is not political correctness, just economics. NYC stations are not cheap and most owners have maximumize revenue to pay debt and or shareholders.
IMHO: WXRP's performance would make any broadcaster think twice about Alternative. How could a CEO of a one of the big Corporate operators explain to Wall street why the revenue is lagging because you took one of the corporation's most valuable assets and put a format that failed on it. In ten years, most of the clusters and large group owners will have new folks running them and maybe someone will take a chance.
If someone wins Saturday's powerball (over $400 million) they could buy a station, and not worry about Wall Street or bankers. But if you had that kind of money, would it be worth the hassle?
IMHO: WXRP's performance would make any broadcaster think twice about Alternative. How could a CEO of a one of the big Corporate operators explain to Wall street why the revenue is lagging because you took one of the corporation's most valuable assets and put a format that failed on it. In ten years, most of the clusters and large group owners will have new folks running them and maybe someone will take a chance.
If someone wins Saturday's powerball (over $400 million) they could buy a station, and not worry about Wall Street or bankers. But if you had that kind of money, would it be worth the hassle?
J
Jersey Maiden
Guest
secondchoice said:
Which version of RXP are you talking about? Under Merlin, the failure had more to do with the money they already lost through their news format. Alternative was just a band-aid/placeholder. Under that logic, CBS should flip 92.3 since their ratings are holding at around the ballpark of RXP's numbers but we know that's never gonna happen.
But what is the revenue at 92.3? We only see the 6+ ratings not the "money" demos.
I think I'm the only person in the world who, if I had 400 million dollars, would open a public radio stationsecondchoice said:
secondchoice said:
It is billing around $15 million, in the same range as WOR, WPAT-FM and WNOW.
Eduardo said:I think I'm the only person in the world who, if I had 400 million dollars, would open a public radio station
That would buy a lot of biscuits and tea:
http://www.youtube.com/watch?v=yqQRi9zpS0o
The Latest On WBAI (Was: Re: Insurance Tunes Out WBAI Sandy Claim)
The website Current.org (which reports on issues, events, and people in noncommercial broadcasting) reported yesterday (May 21st) that WBAI-99.5 has missed not only rent payments for their transmitter, but also missed a scheduled payday for employees.
Unless some wealthy philanthropist steps forward, this could turn out to be "the beginning of the end" for Pacifica, given that their Washington station also has serious financial issues.
But given Pacifica's structure, trying to dissolve the organization or sell-off stations may be very difficult, despite the fact that WBAI broadcasts on a commercial frequency and if sold to a commercial broadcaster, could net a large amount of money.
Current's story is at http://www.current.org/2013/05/wbai-fails-to-meet-payroll-pay-rent .
The website Current.org (which reports on issues, events, and people in noncommercial broadcasting) reported yesterday (May 21st) that WBAI-99.5 has missed not only rent payments for their transmitter, but also missed a scheduled payday for employees.
Unless some wealthy philanthropist steps forward, this could turn out to be "the beginning of the end" for Pacifica, given that their Washington station also has serious financial issues.
But given Pacifica's structure, trying to dissolve the organization or sell-off stations may be very difficult, despite the fact that WBAI broadcasts on a commercial frequency and if sold to a commercial broadcaster, could net a large amount of money.
Current's story is at http://www.current.org/2013/05/wbai-fails-to-meet-payroll-pay-rent .
Re: The Latest On WBAI (Was: Re: Insurance Tunes Out WBAI Sandy Claim)
Kind of ironic that the name of that site is "Current" since the info is about 3 weeks old. It was discussed here about 3 pages back. Since then I thought I heard someone on the air at 'BAI alluding to the fact that they'd now missed TWO paychecks (presumably May 1st and 15th), But then I also read elsewhere, prior to May 15, that the first one was expected to be paid. Who knows if it really was? If anyone from 'BAI reads this forum maybe they could give us an update.
Joseph_Gallant said:
Kind of ironic that the name of that site is "Current" since the info is about 3 weeks old. It was discussed here about 3 pages back. Since then I thought I heard someone on the air at 'BAI alluding to the fact that they'd now missed TWO paychecks (presumably May 1st and 15th), But then I also read elsewhere, prior to May 15, that the first one was expected to be paid. Who knows if it really was? If anyone from 'BAI reads this forum maybe they could give us an update.
Why doesn't Pacifica just sell the station? BAI Local Boards over the years have proven they have no ability to run the operation. "In Fighting" is the only skill at which board members, staffers, and air personalities seem to excel.
secondchoice said:
The same argument was made for years about country yet Cumulus decided to take the plunge with it's newly purchased station and give it a country format. WNSH is not a stand alone station as we know since it is the anchor to what they are trying to develop as some sort of country brand on a national level but it is only fair to note that WNSH pulls in less at a 1.8 than the last resurection of WRXP on 101.9 for the several months they were on the air before they blew it and changed it to sports.
I realize that WNSH isn't a stand alone station but one would think that as local ratings are concerned, a new formatted alternate rock station could pull in a hell of alot more than country in NYC.
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