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Just wanted to know how much signal challenged KDAY is making? When your signal is limited, there isn't much value in the station. If he sells it he wont get much out of it. KPWR on the other hand is the cash cow for Merudo.
I remember KNAC. The most that station made was a million dollars, even though it was signal challenged as well. But I doubt Merudo is making that much off KDAY.
I remember KNAC. The most that station made was a million dollars, even though it was signal challenged as well. But I doubt Merudo is making that much off KDAY.
KDAY is billing around $6 million a year, enough to be moderately profitable. Still, not a great return on investment, even though they bought it quite inexpensively. That level of billings puts it among the top 250 or so stations in the US... out of 11,0000 commercial operations.
KNAC, just before it became KBUE, was billing considerably more than $1 million. Liberman paid $13 million for it, which was between 3 and 4 times gross billings at the time (they paid a bit of a premium to get an LA area FM, even if it was a class A, but it is an A with 6,000,000 persons in the 60 dbu coverage area). I'm fairly confident of this, as I was there.
Keep in mind that we don't know how much a station is "making". "Making" is a standard term for bottom line profit after taxes. What we do know with reasonable accuracy is how much a station is billing; that means "gross receipts before expenses".
Just wanted to know how much signal challenged KDAY is making? When your signal is limited, there isn't much value in the station. If he sells it he wont get much out of it. KPWR on the other hand is the cash cow for Merudo.
We don't know how much it is making, but we know the gross billings are in the $6 million range.
A 60 dbu signal that covers 6,000,000 people is hardly limited in the conventional sense of the term. And we have to take into account that most of the station's target audience lives under the coverage area of that signal.
FYI, KPWR's billings were off nearly 25% in 2017 vs. 2016.
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