The odd thing with KYND is not to be emotionally involved with the programming end. It's purely a situation if the entity has the cash and is on sound financial ground. Nothing is quite as fun as a client that leases all your airtime coming in and saying if you could give me the next month free I know I can make it. We used to have the Vietnamese on KYND and they did a great job in programming for the community. Unfortunately with two stations after the same market it was very tough for them. Still they were fun to work with and were very dedicated to serving the community. I was quite proud of them being on my station.
One other thing I didn't bring up was how economically one can lease a station before buying one. Literally the cost of your operation is a fraction of toting the note from purchasing a station outright. Those stations that broker time are lean and trim and normally carry little debt, if any. If I was going to try to break in the Houston market I'd try to lease 3 to 5 years before looking to purchase as the lease allows you to grow to the point of handling the debt service on an outright purchase and lets your prove the market can support the programming choice.
One other thing I didn't bring up was how economically one can lease a station before buying one. Literally the cost of your operation is a fraction of toting the note from purchasing a station outright. Those stations that broker time are lean and trim and normally carry little debt, if any. If I was going to try to break in the Houston market I'd try to lease 3 to 5 years before looking to purchase as the lease allows you to grow to the point of handling the debt service on an outright purchase and lets your prove the market can support the programming choice.