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charles123
Guest
KBEC is been sold, according to www.****************
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MikeShannon914
Guest
The story got buried over with newer news, so here's the quote. Credited to www.****************:
"Local businessman Jim Phillips has agreed to purchase Classic Country KBEC-AM (1390) licensed to Waxahachie, TX, for $1.25 million. The seller consists of three individuals: Jeanne Mosley, Sandra Howell and Ken Roberts. KBEC is a fulltime station broadcasting with 500 watts day and 260 watts night."
Observations: Richard and Faye Tuck are either rolling in their graves right now (after starting the station and keeping it in the family for over 55 years,) OR they might say to their daughter/owner, "$1.25 MILLION??? OMG...GRAB IT AND RUN!!" Really, for a station that barely covers Ellis County, and looks to be landlocked for any possible upgrades, $1.25 million is an insane price. KAND went for, what, 1/10th of that? And the KRVA/KRVF-FM combo went for less that a mil, and back before the bubble really burst for radio stations?
Could be a misprint. $125,000 would make more sense.
More importantly, will the sale affect the "Sunday Morning Polka Show"? That's been a fixture on KBEC since 1964.
"Local businessman Jim Phillips has agreed to purchase Classic Country KBEC-AM (1390) licensed to Waxahachie, TX, for $1.25 million. The seller consists of three individuals: Jeanne Mosley, Sandra Howell and Ken Roberts. KBEC is a fulltime station broadcasting with 500 watts day and 260 watts night."
Observations: Richard and Faye Tuck are either rolling in their graves right now (after starting the station and keeping it in the family for over 55 years,) OR they might say to their daughter/owner, "$1.25 MILLION??? OMG...GRAB IT AND RUN!!" Really, for a station that barely covers Ellis County, and looks to be landlocked for any possible upgrades, $1.25 million is an insane price. KAND went for, what, 1/10th of that? And the KRVA/KRVF-FM combo went for less that a mil, and back before the bubble really burst for radio stations?
Could be a misprint. $125,000 would make more sense.
More importantly, will the sale affect the "Sunday Morning Polka Show"? That's been a fixture on KBEC since 1964.
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arklatexradio
Guest
I just looked in the FCC database and yes it's $1.25 million.....I'm not familiar with the area or station but for a 500 watt station WOW
I don't think it's about upgrading or moving it -- it may be about a long history of community service and having lots of local advertisers. The guy buying it is a local businessman who may have no interest in moving it (if it could be moved).
When I listen to KBEC I hear a lot of local spots and they are located in a county with 150,000 people with very little local competition.
Granted $1.25 million IS a lot for a 500-watt AM, but KBEC isn't just "any" AM -- it may be a cash cow for all we know (at least for now.)
When I listen to KBEC I hear a lot of local spots and they are located in a county with 150,000 people with very little local competition.
Granted $1.25 million IS a lot for a 500-watt AM, but KBEC isn't just "any" AM -- it may be a cash cow for all we know (at least for now.)
It is an insane price, but I do know when I was consulting it a few years ago, we had it topping out at over $60K in revenue per month. I don't think it is there today, but it has done well in the past.
Like they always say, if someone is willing to pay a certain price, then that price IS what it's worth!
The Tucks had been trying to sell it for some time, fyi.
Like they always say, if someone is willing to pay a certain price, then that price IS what it's worth!
The Tucks had been trying to sell it for some time, fyi.
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Buddy
Guest
The real estate in this package represents almost 50% of the $1.25M. 5200 sq.ft. income producing building and over 16 acres of land.
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arklatexradio
Guest
If it was billing 60k a month then you don't need to do anything with it just keep it like it is. I looked at their web site . It looks like a good community radio station.
Like Steve said that deal includes their former station property (where the transmitter still sits I beleive) which is prime frontage on I-35E just south of 287....in addition to their near downtown studios.
It's a good community station and if it continues to be run well can be a nice little cash-generator.
Don't know what operating costs are, but if the buyer was able to pay cash, he could likely recoup his investment in under five years.
It's a good community station and if it continues to be run well can be a nice little cash-generator.
Don't know what operating costs are, but if the buyer was able to pay cash, he could likely recoup his investment in under five years.
You're welcome. Also (and maybe somebody can confirm this) I believe KBEC had post-sunset authority from the old site, back in the late 1980's and likely until they moved to the present site. Just how much power they ran I couldn't say, but it was probably considerably less than a hundred watts. That PSSA would have allowed them to operate until two hours past local sunset.
If I were the new guys that will own it, I'd seriously look for a fm translator for the area and add that to their loan as that's some insurance their investment won't be obsoleted as soon.
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