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Is Monday D-Day (As In Dickey)?

This just sucks. Not two ways about it. A feel very bad for the talented programmers at Citadel who have some very compelling radio stations on the air. That'll all change once the Cumulus corporate programmers begin mucking things up. What works in Albany, GA does not necessarily work in Providence RI.
 
Seltzer said:
This just sucks. Not two ways about it. A feel very bad for the talented programmers at Citadel who have some very compelling radio stations on the air. That'll all change once the Cumulus corporate programmers begin mucking things up. What works in Albany, GA does not necessarily work in Providence RI.
Click to expand...
I hate Cumulus was the buyer also, but...

I'm almost glad Entercom didn't get it. Until a few years ago, their Greenville cluster was catastrophic (no, I've never worked for them) and they still don't run things well. I question their skill to run stations in smaller markets such as Greenville (which Citadel is in a lot of) that aren't "progressive" or larger.
 
I'm pretty sure this will happen eventually. I don't think Cumulus will stop at much when it comes to this deal. When, is the question.
 
Re: Is Thursday D-Day (As In Dickey)?

Looks like ol' Jerry was off by about three days:
http://eon.businesswire.com/news/eon/20110310005767/en

LAS VEGAS--(EON: Enhanced Online News)--Citadel Broadcasting Corporation (“Citadel”) announced today that it has entered into a definitive merger agreement with Cumulus Media Inc. (NASDAQ: CMLS) under which Cumulus will acquire Citadel in a cash-and-stock transaction.

Under the terms of the transaction, which has been unanimously approved by the Boards of Directors of both companies, Citadel stockholders will have the right to elect to receive $37.00 in cash or 8.525 shares of Cumulus Class A Common Stock for each share of Citadel Common Stock, subject to proration. Holders of warrants to purchase Citadel Class B Common Stock will have the right to elect to have their warrants adjusted to cover the same cash and stock consideration, subject to proration. Based on the closing price of the Cumulus Class A Common Stock on March 9, 2010 of $5.10, the transaction values Citadel as an enterprise at approximately $2.5 billion.
 
Some little birdie mentioned that they think 106.7 is going to be WCNN 680 and turn the AM in to the "stardust" format again.
 
I guess it is official. Just in time for Christmas there will new synergies, (layoffs). This will give Storm Cloud 99.7 101.5 100.5, 106.7 plus WCNN and WFOM AM in Atlanta.

Free advice to Citadel stockholders: TAKE THE CASH!!!
 
secondchoice said:
I guess it is official.  Just in time for Christmas there will new synergies, (layoffs).  This will give Storm Cloud 99.7 101.5 100.5, 106.7 plus WCNN and WFOM AM in Atlanta.
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Plus 1340, as long as we're including the Dickey Broadcasting stations.

I still like the idea of Cumulus selling 100.5 to CC so CC can up the power.

BRENT said:
Some little birdie mentioned that they think 106.7 is going to be WCNN 680 and turn the AM in to the "stardust" format again.
Click to expand...
Would 106.7 be the one that flips, or 100.5?  106.7 has Tech sports, while 100.5 has los Bravos, and neither are doing particularly well in the ratings, and both have significant overlap audience-wise (can anyone on here speak to that?). 

If that happens, I'd expect Tech and the Braves to be consolidated on whichever signal flips.  Now, what do you do with Christopher Rude and TRG?  Move one to PM drive?

I think that 680 would do better with a 50s/60s "golden oldies" format (e.g., WGUN) that could flank Atlanta's Greatest Hits (if that format survives), or steal second-tier talkers from WCFO.  Would nostalgia/MOYL really be that much of a draw?  It wasn't back in the 80s, when nostalgia had its last hurrah (e.g., WJYF 104.1 Joy FM, a MOYL affiliate, plus an AM sister WJYA)

It sounds like this would really put the hurt on 790.  Would that encourage LFM to sell out to Cumulus? Cumulus might be willing to pay more than before to pick up the Falcons, and LFM might be more willing to sell to get rid of a doomed 790.

The only problem for Cumulus then becomes how to handle schedule conflicts between late-season baseball games and early-season football games in August, September, and hopefully October. Of course, that might not be a problem for Sundays in 2011 :)
 
I think 106.7 will survive but they will cookie cutter it. Cumulus has classic hits stations in Cincinnati, Kansas City, Indianapolis, etc...and some smaller market ones as well. Look at WGRR, KCMO, WJJK.
 
This all bodes the Question...will Lou and the Dickey clan put together a national rep firm?....i think the odds are good they do...
 
jabba17 said:
It sounds like this would really put the hurt on 790. Would that encourage LFM to sell out to Cumulus? Cumulus might be willing to pay more than before to pick up the Falcons, and LFM might be more willing to sell to get rid of a doomed 790.
Click to expand...

I think CBS would be very interested 94.1. Then they would have 3 FM signals to compete with CC, Cox, and Cumulus.
 
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