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KOMO files Option to purchase 97.7 Mhz for 11 million
- Thread starter FMSteve
- Start date
11 MILLION 
That is pretty cheap for a Seattle FM and I hear that signal everywhere. That was a price like the horse that won the Kentucky Derby a STEAL So why didn't KIRO buy that FM and do KIRO AM/FM on it and keep KBSG ??? Entercom could have put a Classic Country on it and KMPS would have been a horse without shoes sandwiched between WOLF and 97.7 Classic Country : Hindsight is 20/20 but if ya operate that way my dad said "you are always looking backward."
That is pretty cheap for a Seattle FM and I hear that signal everywhere. That was a price like the horse that won the Kentucky Derby a STEAL So why didn't KIRO buy that FM and do KIRO AM/FM on it and keep KBSG ??? Entercom could have put a Classic Country on it and KMPS would have been a horse without shoes sandwiched between WOLF and 97.7 Classic Country : Hindsight is 20/20 but if ya operate that way my dad said "you are always looking backward." First of all guys...only a change of control is filed with the FCC. An option is considered a contractual transaction - over which the FCC has no jurisdiction. Only when there is a change of control. So I'm not sure what the little birdie misunderstood...but the FCC is not involved until there is an application for sale. It is possible the LMA includes a purchase option price, but that's not the Commissions business.
Secondly...how does an AM/FM for $11.5M in PDX make $11M a good deal here in Seattle? It's not a full city-grade signal and there is no cash flow to speak of. Assuming KOMO could add a share point to the AM ratings with 97.7 - that might translate into $1.3-1.8M in new revenue (most of it bottom line cash flow). A real multiple of 4-6X and a price of $4-6M might make sense.
Just my thoughts...
Secondly...how does an AM/FM for $11.5M in PDX make $11M a good deal here in Seattle? It's not a full city-grade signal and there is no cash flow to speak of. Assuming KOMO could add a share point to the AM ratings with 97.7 - that might translate into $1.3-1.8M in new revenue (most of it bottom line cash flow). A real multiple of 4-6X and a price of $4-6M might make sense.
Just my thoughts...
I agree with Jackson, this is a non-issue.
Nobody does an LMA deal without some form of asset purchase option in the agreement. The commission usually never gets involved in LMA's unless it appears that the deal is an attempt to violate ownership caps, which wouldn't be the case for Fisher anyway as this station not only isn't a full-market station but even if it was, Fisher would still be under their limit.
Nobody does an LMA deal without some form of asset purchase option in the agreement. The commission usually never gets involved in LMA's unless it appears that the deal is an attempt to violate ownership caps, which wouldn't be the case for Fisher anyway as this station not only isn't a full-market station but even if it was, Fisher would still be under their limit.
Ok, ok alright already!! Here's the option signed by Greg and Joe:
http://fjallfoss.fcc.gov/prod/cdbs/...h.cgi?exhibit_id=766703&formid=301&q_num=5030
http://fjallfoss.fcc.gov/prod/cdbs/...h.cgi?exhibit_id=766703&formid=301&q_num=5030
Yea I notice that about a week ago...So is it the 60db contour or the 70db?
When you do a F.C.C. query it seems as though KOMO has been in co hoots with them since 1983?
From Oakville 3.4kw(?) to Raymond @ 64kw?
I thought KOMO was Seattle based not Delaware?
As someone mentioned in another thread it's a buyer's market...11 million c1 right?
I bet their tower will get closer to Seattle too
Now I'm confused!.. But really.. who cares? it's their money.
When you do a F.C.C. query it seems as though KOMO has been in co hoots with them since 1983?
From Oakville 3.4kw(?) to Raymond @ 64kw?
I thought KOMO was Seattle based not Delaware?
As someone mentioned in another thread it's a buyer's market...11 million c1 right?
I bet their tower will get closer to Seattle too
Now I'm confused!.. But really.. who cares? it's their money.
gr229 said:
97.7's tower is already as close as it's going to get to Seattle. KOMO-FM is already up on South Mountain near Shelton/Olympia, and at the maximum power they can put out at that site. They have to protect CBUF in Vancouver, BC, also on the same frequency...as well as KNRQ on 97.9 in Portland, OR. They got some decent coverage though, except for any hills that block the line-of-sight with South Mountain (like down in the Auburn/Kent/Tukwila valley). I guess they are filling some gaps that AM 1000 wasn't able to get during the daytime, down in Grays Harbor County and parts of Pacific County.
I can't seem to post a link to the thread
here's a quote from it:
Jackson Dell Weaver..quotes
$40 to $60 million for 104.5? Gimme some of that toke..! If Portland AM/FM is sold to Larry Wilson at $11M...and this station is clean with no operation - It might be worth $5MM to Fisher or even Clear Channel or Christa..but hardly $40M. There is no liquidity out there...so unless you are sitting on a barrel of cash, there is no way to finance this station. And the guys with cash are paying bottom dollar.
Radio-info Seattle board KWDB AM SOLD thread...pg2 for now
here's a quote from it:
Jackson Dell Weaver..quotes
$40 to $60 million for 104.5? Gimme some of that toke..! If Portland AM/FM is sold to Larry Wilson at $11M...and this station is clean with no operation - It might be worth $5MM to Fisher or even Clear Channel or Christa..but hardly $40M. There is no liquidity out there...so unless you are sitting on a barrel of cash, there is no way to finance this station. And the guys with cash are paying bottom dollar.
Radio-info Seattle board KWDB AM SOLD thread...pg2 for now
Please be advised that the statement by Mr. Weaver shown below is incorrect. The FCC strictly requires that, within 30 days, options for the sale of a station be:
1. Filed with the FCC in Washington DC
2. Placed in the Public File
See 47CFR73.316 (b)(3)(iii), as well as 47cfr73.3526 and 47cfr73.3615, which trace to the public file requirement.
--Kevin
1. Filed with the FCC in Washington DC
2. Placed in the Public File
See 47CFR73.316 (b)(3)(iii), as well as 47cfr73.3526 and 47cfr73.3615, which trace to the public file requirement.
--Kevin
Jackson Dell Weaver said:
Ok, there's MORE to this story: KOMO-FM is actually modifying their directional pattern up on South Mountain to apparently expand their 60 Dbu service contour about 2 kilometers easterly towards the large, growing City of Bellevue. Their current contour falls off somewhere in the waters off Mercer Island, but with this plan, it expands into good portions of Bellevue.
HOWEVER, to effectuate this change the country station in Wentachee, WA., KYSN-FM 97.7 (C3) "Kissin' Country", has agreed (not yet filed so maybe they're still negotiating) to actually DOWNGRADE their license to that of an A, from 9300 watts to 6000 ERP. Wow, how much is that costing Fisher?
Here it is: http://fjallfoss.fcc.gov/prod/cdbs/...h.cgi?exhibit_id=766705&formid=301&q_num=5240
They probably could pick up a good number of population served by this move. Very interesting!
HOWEVER, to effectuate this change the country station in Wentachee, WA., KYSN-FM 97.7 (C3) "Kissin' Country", has agreed (not yet filed so maybe they're still negotiating) to actually DOWNGRADE their license to that of an A, from 9300 watts to 6000 ERP. Wow, how much is that costing Fisher?
Here it is: http://fjallfoss.fcc.gov/prod/cdbs/...h.cgi?exhibit_id=766705&formid=301&q_num=5240
They probably could pick up a good number of population served by this move. Very interesting!
And here's the allocation study:
http://fjallfoss.fcc.gov/prod/cdbs/...h.cgi?exhibit_id=766707&formid=301&q_num=5300
http://fjallfoss.fcc.gov/prod/cdbs/...h.cgi?exhibit_id=766707&formid=301&q_num=5300
I have no idea why KYSN would have to modify... The Cascades provide an effective barrier for radio signals. This should not be necessary. I guess the FCC doesn't take into account terrain. I would have thought they would have granted KOMO-FM an exception for that.
KYSN's signal:
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1172631.html
KFMY's proposed signal:
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1318594.html
(Map not working at the time of post...use your imagination I guess until the map link works)
Even still, it doesn't seem like KOMO-FM's signal would ever overlap onto KYSN's signal. Even if KOMO's "predicted" signal was within 20 miles of KYSN's signal contour, the Cascades would cut that out by about an additional 20 miles at least if not more. If there was any interference problems, you would have to be at the very top of the cascades to hear it... which by then, you would probably hear all the Vancouver, BC and Portland, OR stations interfering with each other, in-between the Seattle stations.
The FCC is wasting time and money with this. I highly doubt KOMO-FM is going to interfere with KYSN. KYSN should not have to modify their signal, for all this.
KYSN's signal:
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1172631.html
KFMY's proposed signal:
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1318594.html
(Map not working at the time of post...use your imagination I guess until the map link works)
Even still, it doesn't seem like KOMO-FM's signal would ever overlap onto KYSN's signal. Even if KOMO's "predicted" signal was within 20 miles of KYSN's signal contour, the Cascades would cut that out by about an additional 20 miles at least if not more. If there was any interference problems, you would have to be at the very top of the cascades to hear it... which by then, you would probably hear all the Vancouver, BC and Portland, OR stations interfering with each other, in-between the Seattle stations.
The FCC is wasting time and money with this. I highly doubt KOMO-FM is going to interfere with KYSN. KYSN should not have to modify their signal, for all this.
FMSteve said:
Wasn't KYSN formerly owned by .... oh, never mind.
Unfortunately, the Commission requires stations in the commercial band to employ spacing table methodology, and not contour-to-contour as is found in the reserved band (non-com). Thus, to correct any short-spacing deficiency, you're required to use rule 73.215 "contour protection for short-spaced stations", (See table (e) of 73.215: A to C spacing needs to be 126 miles for co-channel. As a C3, they must have been caught short, thus the change needed.
We note that the new KOMO-FM signal comes a little closer to KIRO's signal, with just 2.49 Kilometers to spare. But no worries, it all fits in nicely.
We note that the new KOMO-FM signal comes a little closer to KIRO's signal, with just 2.49 Kilometers to spare. But no worries, it all fits in nicely.
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