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Lots of Radio Stations for sale - Time to buy?

J

joshzz

I can't believe the long list of stations available for sale. If there was ever a time to buy, this has got to be it.

Sure there are some stations that are just in poor markets but we're looking to expand & I believe this is a complete buys' market.

Here are some stations for sale. Please note I have absolutely no affiliation with this particular broker . I also recommend you visit the site:

http://www.radiostationsforsale.net

Here are stations offered by another broker>>

[email protected]

Phone: 321.939.3141 FAX: 321-939-3142

New, radio and TV station offerings enclosed, some are marked down. Certain offerings have very motivated sellers who need to sell right away. Let us know if we may further assist.

Radio-TV offerings:

Partnership-merger: Midwest 13 AM/FM radio station group looking to merge with another radio group. Please call broker for details.

Coastal, New Jersey, (2) Class A radio group, desirable formats, resort market, gross sales over $1.0M year and cash flow positive, great professional staff, all leases in place, seller motivated. Asking: $4.750M

SW Florida Gulf Coast, (2) Class A FM group, state of the arts equipment, Hispanic and County formats, annual billing $750K to $900K, real estate optional, terms to qualified buyer. This is a great deal: $2.5M

Abilene, TX., (2) Class C FM Group, top rated formats, new equipment, real estate, cash flow positive, professional staff in place, this is a must see opportunity with seller financing available to qualified buyers with a reasonable down payment over ten year. Asking price: $2,7M.

Atlanta Market: Great low dial AM, with Hispanic Oldies format, fully high tech. equipped and automated, land lease, with option to acquire: Asking: $5.5M

Georgia-Alabama, FM Non-com group, with Class A and Class C, on-air, also FM construction permits. Seller will sell the group, or individual stations. Prices vary from $100K to $2.5M for the group.

Grundy, Va. FM, Class A Non-com, seller extremely motivated to sell, $275K, or make an offer.

Phoenix AM, low dial position, cash flow positive, news-talk-sports, fully automated and top operation. Owner is looking for a 50% partner. $2.2M

Florida Gulf Coast, FM C3 25,000 watts, beautiful resort market, Oldies format, fully automated, staff in place, terms: Asking: $800K

SW Florida Gulf Coast, full-time AM, fully automated, news-talk-sports, cash flow positive, great operation: $245K. Seller to offer buyer fair market monthly lease on the real property, with option to acquire. This is a great opportunity for a first time buyer and a must see.

New offering: Coastal New Jersey, (2) Class A FM Group, top notch and state of the arts operation and well managed, with cash flow and upside potential in a great resort market: Asking $4.7M

US, Virgin Islands, Terms (3) FM (1) AM Radio Group, $1.0-$1.5M in gross annual sales, top rated formats, new equipment, staff, real estate, $2.2M

Miami Market: (2) AM, full-time, great frequency, full market coverage, great ratings and revenue, top professional staff in place, motivated seller: Asking $6.0M each.

Orlando, great frequency AM, big market signal, Hispanic Christian programming, 4 acres of real estate, fully automated with quality equipment. Asking $5.9M

Texas, near Corpus Christi, Class A FM, Hispanic, staff and all leases in place, cash flow, buyer must sell due to personal reasons, with terms: Just marked down from $325K to $200K.

New Orleans & Baton Rouge Markets, 3 AM cluster, big signals: Terms $1.9M

Monroe-Oak Grove, La Market, FM Class C3, 25,000 watts, cash flow positive, real estate, great "mom & pop" starter station, Terms: $375K


North Carolina, AM, Christian format, serves 3 communities, 2.5 acres, equipment, building and tower. Marked down from $135,000 to $75K, cash.

SW Florida Gulf Coast, (2) Class A FM group, state of the arts equipment, Hispanic and County formats, annual billing $750K to $900K, real estate optional, terms to qualified buyer. This is a deal: $2.5M


Florida, AM, fulltime, 2.5 acres of land at tower site, new equipment in good condition, with paved road frontage, seller must sell due to health conditions. ("silent") Was $350K, now $200K or best offer.


Florida Gulf Coast AM-FM and FM translator, fully automated, new equipment, real estate, building, tower, C3 upgrade CP in hand, cash flow and seller will take terms from qualified buyer with $100k down. Asking price: $495K


Florida- AM, beautiful, high growth, Central Florida market, 1,000 watts day and night, building, 9 acres, tower, fully automated, urban format, with terms to a qualified buyer: Asking, $495K, license and equipment.

Georgia: Macon market, AM, 10,000 watt, 2700 sq. ft. building on 4 acres, one tower, must sell due to personal reasons, make offer. Asking $275K.

Orlando market AM, fully automated, great equipment, land, building and 5 acres, full time 24/7, 1,000 watts, reasonable offers: $750K.

Wichita Falls, TX market, AM/FM, state of the arts operation, C3 upgrade on FM, long term and top programming in the market, Seller wishes to retire: $825K

California, Wash. and ID AM group, in top 50 markets. Call broker for details

TV Offerings:

Seller extremely motivated! LPTV Group: Melbourne, Tallahassee, Raleigh markets. All 3 for $650K, all offers considered from qualified buyers.

NBC-ABC TV Group, SE and California, Great stations: $10.0M

Orlando TV Stations: (2) Class A & LPTV, digital and analog, studios, office and fully equipped, with tower lease in place. Make offer: $600K.

Houston & San Francisco: Fullpower TV Group, great deal: $22.5M each.

LPTV Group: Service into Mobile-Pensacola markets, 2 LPTV Digital 15kW Ch 33 and Ch 35. Asking $100K each, or best cash offer. Must sell.

LPTV: Ch 66 Digital, displaced to Ch 45 digital, pending, San Bernardino-Los Angeles market, asking price: $650K, or best cash offer.

LPTV Group in markets from Florida, Maine to Hawaii. Call for détails.

For more information on these and other radio and TV stations, please call:

Doyle Hadden, President. Ryan P. Hadden, VP
 
josh said:
Phoenix AM, low dial position, cash flow positive, news-talk-sports, fully automated and top operation. Owner is looking for a 50% partner. $2.2M
Click to expand...

There are no AM stations in Phoenix that fit that description. One, there are no "news-talk-sports" stations anywhere in the market, AM or FM. Two, the only two "top operations" on AM in Phoenix at a "low dial position" are (1) not of that format (one is news-talk, the other is sports), and (2) are not for sale.

Either this listing is a figment of a broker's overactive imagination, or this is just a flat-out troll. The only stations that might come even close to this description are KFNX 1100 (mostly infomercials with some news-talk, plus University of Arizona sports), and KMIA 710 (Spanish-language). Neither are "top operations" or even "third-tier operations." And 1100 is not a "low dial position."
 
Waiter! I'd like one a dark 1kw daytimer in Mississippi, please! Yeah, charge it to my Visa.
 
A former employer once used Doyle Hadden to do some work in valuing his station. His company seemed to be on the up-and-up.

That Phoenix listing is puzzling. I'd steer away from a 50% partnership with any operator..

Isn't this like the umpteenth time we've had a thread with this same theme??!!
 
If you are sitting on adequate cash and personal wealth, and radio is where you want to toil, this is probably indeed a good time to buy.

If you are dependent on debt and credit to make the purchase, this may be an impossible time to buy.

I once was taught the "Hero Theory" of judging opportunities. My resume was floating around. A station manager in Chicago tracked me down by phone. I told him I had just decided to take an opportunity as a salesman in Louisville. He tried to talk me out of it. He asked me how much I would make if I proved to be a sales hero in my new position. I gave him a number. His response was: You need to come work for me. If you don't make more than that here, you will be fired for being a failure."

I took the Louisville job and I was NOT a hero. Always wondered how Chicago would have worked out.

I look at the stations currently listed... and I apply the Hero Theory. If I buy this particular station and I am able to go there and do something heroic (considering today's business trends in broadcasting), will I have won the gamble?

Will I wish that I had bought a fast food franchise instead?
 
Haven't there been a number of large or major market rimshots that were advertised as being part of the big market, when in fact they really weren't?
 
That "Hero Theory" thing is an interesting concept. I don't know if there's a way to be "heroic" in an industry that more and more people are considering outdated, instead of cutting-edge. In order to be "heroic" in an old industry, you'd have to do something "heroic" and there doesn't seem to be much going on that's going to be considered "heroic," short of totally scrapping the old ways and doing something tangibly new and different. But then it wouldn't be considered to be in the same industry, hardly.

It's like Bruce Williams used to talk about [probably still does, doesn't he?], when you buy a business: "Are you buying a job or are you buying a business?" Most of the opportunities I've seen for buying radio stations lately are just "jobs" and because of conditions inside and outside the station, it doesn't offer much chance of being "heroic" beyond your family's eyes.
 
In the context of the war-story I told, being a "hero" was limited to the idea of being a super-sales person. Hero in that case measured only by exceeding a sales quota or target.

For my purposes through the years I have used that concept, that phrase, more in the terms you are thinking. To be "heroic" in a business sense would indeed include developing a total business and service model that would be a pace-setter and example for the industry involved.

I think there is room for a valid discussion of this concept and radio broadcasting today. Who wants to buy and get shackled by a really grimy, grinding JOB by taking possession of a broadcast license. If I can't at least be a small-scale small-town hero, I "pass".
 
So, did anyone every buy any of those stations?

There are some good deals out there now. Just type in "radio stations for sale" in google and all the small market brokers come up, CMS, Hadden, Radio4Sale, and I know I am forgetting quite a few.

If this was ever your dream, now is the time IMO.
 
Just make sure your "dream" doesn't turn into a nightmare. a 50% partnership in ANYTHING is a bad idea. No tie breaker when there is a dispute - and there WILL BE a dispute.
 
Prais said:
Just make sure your "dream" doesn't turn into a nightmare. a 50% partnership in ANYTHING is a bad idea. No tie breaker when there is a dispute - and there WILL BE a dispute.
Click to expand...


Sounds like marriage!
 
I wouldn't touch most of those properties with your ten foot pole, especially an AM.

The Goatster is right; if you are independently wealthy and can afford to potentially lose several hundred thousand to satisfy your ego as some sort of radio owner, go for it. If you're looking at getting into the radio business as a buy-low, sell-high concept, best move on another more conservative investment. We won't see broadcast properties hit the ridiculous values of a few years ago ever again in our lifetime.

Banks aren't lending for broadcast properties unless you have existing profitable assets which pace 200% above what you're trying to aquire. Even then, you'll need a business plan which guarantees a profitable venture within the first year.
 
If I bought a station and ran it myself I would put on the website in big letters, "WE WILL ALWAYS CONTACT YOU BACK UNLIKE MANY OTHER RADIO STATIONS!"
 
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