Lazer Broadcasting has bought KCCL-FM, Woodland for $1,910,000.
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KCCL-FM Woodland sold
- Thread starter Frequency1
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https://news.****************/cgi-bin/rol.exe/headline_id=b17342
Here is the confirmation of this deal.
No more classic hits for Sacramento. Sad...
Here is the FCC application: Draft Copy « License Modernization « FCC
Is another shoe about to drop?
Flipping to Regional Mexican as Radio Lazer to expand the Hispanic listener base to the west side of Sacramento. KGRB (southeast), KBAA (north) and now KCCL for west.
That station is an ultra-rimshot, and never billed at all well. I think the era of "enough money to go around" for rimshots is over as money is tight and costs are increasing.
I listen to KCCL K-Hits when I'm out
Sad to see it go
Sad to see it go
begs the question, what will be the next station to sell ? and how much
The KCCL sale is more of a cannibalization of the Hispanic radio market in Sacramento. No one wins in this scenario. At least Lazer has four formats to try on KCCL : Radio Lazer, La Mejor, La Mexicana, and Latino Networks. The middle two in the list are absent from Lazer's Sacramento portfolio.
They’re jockless part of time since they had neither replaced replaced Rico nor Christopher K.
What station is Results Radio going to buy next to replace 101.5? Audacy is hurting so bad financially they will they be willing to sell a station or two here in Sacramento? Audacy's stock price per share is now down to just under .19 cents. Oh my goodness how low will it go before the share holders have David Field for dinner?????? This just may be the other shoe to drop!!!!!!!!!
Sorry for the typo.
My guess is that Results is not in a position to buy anything. As far as Audacy’s stock price goes, they’re in serious debt.
What is going to happen to station sell prices if Audacy goes bankrupt this year??
People make the mistake of conflating a stock's share price with viability of the underlying corporation. In other words, Audacy stock could go all the way down to 1 cent a share, or even zero, and the underlying company could still be viable, pulling in enough cash flow to service the debt and keep the lights on. Though that scenario isn't very likely, since the market tends to price a stock at where they think the company is headed 6-12 months into the future. Mr. Market is basically betting that Audacy is headed down the drain, but the price this moment is really just a bet on that future. They're buying future revenues, future earnings, and guessing the right price for those earnings. They have sophisticated mathematical models and historical precident to base those guesses on, but ultimately they're still guesses. And the number of times they've been wrong is legion. (By the way, don't confuse going bankrupt with getting delisted. The latter just means a stock's price has stayed below a minimum price required by the exchange it's traded on for too long.)
As for David Field, it really depends on how much of the voting power he and his family hold. He/they might control, say, 20% of Audacy's stock, but their stock may be in a share class that gives him 10 times the voting power of the other 80%. So he can basically do whatever the f*** he wants to, unless and until Audacy defaults on their debt and the company is pushed into Bankruptcy Court. If that happens, he could lose that leverage, but until then it really depends on the structure of the stock classes and who holds them. Not that different than the late Sumner Redstone at CBS/Viacom/Paramount, or the (so far still alive) Mark Zuckerberg at Meta/Facebook.
If Audacy does go bankrupt, and the company is viable, there will be a reorganization, some of the stockholders might get their equity wiped out, and the debtholders will likely get shares in the reorganized company in exchange for the debt that gets wiped off the books. Those stations that are profitable will remain, the dogs will probably get sold. And if there are enough of the latter, that might depress the market for other station sales for awhile. But reviewing what happened at Cumulus or Clear Channel (pre-iHeart) probably provides a roadmap for what's likely to happen at Audacy.
None, one of the whole reasons they sold is that its hard to compete as a standalone and Results is not in a position to buy a cluster and be competitive.
I think it might be the end soon in k-hitts
Celebrations 15 years on air
Celebrations 15 years on air
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