My theory is that if there was money to be made, someone would have done it by now.
The other issue is that all LA area teams are under contract except the Kings.
So I think your first option is most likely correct.
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KXOS Sold to Meruelo
- Thread starter davideduardo
- Start date
My theory is that if there was money to be made, someone would have done it by now.
The other issue is that all LA area teams are under contract except the Kings.
So I think your first option is most likely correct.
Probably going to be a music format - my money has always been on moving KDAY on 93.9, as there is a need for a full-signal, classic hip-hop station in Los Angeles. But it makes you wonder if there would ever be any viability of a FM Talk format coming back to Los Angeles.
The biggest issue there would likely be finding the right talent and developing a consistent audience (might take some time). I remember hearing KLSX was relatively profitable toward the end of its run and did well with male demos.
The biggest issue there would likely be finding the right talent and developing a consistent audience (might take some time). I remember hearing KLSX was relatively profitable toward the end of its run and did well with male demos.
I don't expect that kind of thing to come from Meruelo. You bring up the main problem: The right talent. Not that it isn't available. Just that they'd be expensive.
The other thing is it's so easy to go after low hanging fruit with conservative talk, and that audience is quite fat & happy with KFI.
My view about FM Talk is it's being done, but on the music stations. If you listen to morning drive radio, it's mostly talk with some music. That scratches the itch for most people.
The sale has now been filed for the sale of KXOS-FM with the FCC.
KXOS 93.9 Price Tag = $35M
The total price being forked over by Meruelo is $35 million to Grupo Radio Centro.
$1 million goes to GRC LA for its holdings including the station's brand and intellectual property;
$34 million goes to station licensee 93.9 Holdings LLC, which GRC owns 25% of to respect the former limits on foreign investment.
No LMA - must wait until closing later in summer 2019.
Story link: https://radioinsight.com/headlines/...in-los-angeles-with-acquisition-of-93-9-kxos/
The total price being forked over by Meruelo is $35 million to Grupo Radio Centro.
$1 million goes to GRC LA for its holdings including the station's brand and intellectual property;
$34 million goes to station licensee 93.9 Holdings LLC, which GRC owns 25% of to respect the former limits on foreign investment.
No LMA - must wait until closing later in summer 2019.
Story link: https://radioinsight.com/headlines/...in-los-angeles-with-acquisition-of-93-9-kxos/
And that sets a new "stick value" on an LA radio station. That's less than 10% of what Radio One paid for The Beat.
still very cheap for the siginal at 35 million maybe david say more about it ...maybe they they made a deal on something
I thought one of the LA FM stations went for more than $100 million sometime before the 2008 crash.
The Beat was itemized in the Radio One multi-station purchase of 12 AM/FM stations at over $400 million in 2000.
Bonneville bought that same station from Radio One at $137,500,000 in 2008 and it was sold by Bonneville for $57.7 million to EMF last year.
Entravision bought the dual 103.1's from Clear Channel for $85 million in 2000.
KFSG was bought from Foursquare Gospel Church in 2003 for $250 million.
KSCA was bought by Heftel from Golden West for $112 million in 1998
Mureulo Media got well over $120 million just from the repack. And he has nice revenue from his other investments. He's good at reinvesting in business and building them.
Wait did Bonneville or Entercom sell the station to EMF last year? I thought Entercom had already owned KSWD through a station swap with Bonneville over a few Denver stations?
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Sorry. I left out the intermediary step. Bonneville swapped for a bunch of Denver stations, and then Entercom sold for the low price when they had to divest due to the CBS merger/acquisition.
There was no cash in the Bonneville deal, so value goes from Bonneville's púrchase at $137 million to Entercom's sale at $57.7 Million.
The other site is reporting that they just registered a domain for KXOS, meaning a flip is happening sooner than later.
The market has pretty much uniformly guessed that Meruelo Media will move the KDAY format to the bigger signal. KDAY on 93.5 gets about a a 1.9 to 2.0 share in 18-49 on a limited signal. It would stand to reason that it might break the 3.0 mark, maybe as high as a 4.0, on a full signal. That would make it a top 10 station in the demo.
The advantage of using the KDAY format is that it is already tested, and they have found the way to avoid the burnout that many throwback stations suffered. It's an admirably good implementation of a format that has both Hispanic and African American primary appeal, and due to familiarity will pull in Asians and non-Hispanic whites.
look like david was right on this just got inside sourse the flip is coming most of u know what it is it a smart move and the only i have is would it get drop KPWR HD2
Non-hispanic white (34 Male) checking in! Listen to K-DAY every day. Preset #2 right next to Real 92.3.
Will you listen more if K-Day has a better signal all over LA?
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