• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

NASSAU NEW ENGLAND CLUSTER MAY SOON BE ON THE BLOCK!

lou josephs said:
The one's that can't make money are in NH....been there...might be interested in them...but formats are wrong in most of the markets they are in.....
Click to expand...



Country, Classic Rock, Classic Hits, News/Talk, CHR, Hot AC. How do you figure most of the formats in their markets are wrong? and what markets do you speak of?

I think they look just fine in Concord/Lakes...
 
I heard a rumor that Bill Binnie, who just bought TV50 in Derry is a potential buyer for some or all of Nassau's Concord/Lakes stations
 
ret vet said:
I heard a rumor that Bill Binnie, who just bought TV50 in Derry is a potential buyer for some or all of Nassau's Concord/Lakes stations
Click to expand...

That's a believable rumor; wonder if it has teeth.

Except that no one can buy all of them; they'd be over the market limit. Remember that Nassau had to put two in to trust to satisfy the market limit in the proposed majority assignment to Goldman Sachs. Expect to see at least two buyers.
 
OlderRadioGuy said:
ret vet said:
I heard a rumor that Bill Binnie, who just bought TV50 in Derry is a potential buyer for some or all of Nassau's Concord/Lakes stations
Click to expand...

That's a believable rumor; wonder if it has teeth.

Except that no one can buy all of them; they'd be over the market limit. Remember that Nassau had to put two in to trust to satisfy the market limit in the proposed majority assignment to Goldman Sachs. Expect to see at least two buyers.
Click to expand...

The 2 that are in trust are pending a sale, are they not? So, yes I believe someone could buy all of them (5)

WFNQ is not part of Concord/Lakes Region market.
 
ThatGuyOnTheRadio said:
The 2 that are in trust are pending a sale, are they not? So, yes I believe someone could buy all of them (5)
Click to expand...

I've been told (but do not know for sure) that the deal for WNNH and WWHQ has cratered. However the sale of WWHK did close so anything's possible.
 
NHRadio said:
ThatGuyOnTheRadio said:
The 2 that are in trust are pending a sale, are they not? So, yes I believe someone could buy all of them (5)
Click to expand...

I've been told (but do not know for sure) that the deal for WNNH and WWHQ has cratered. However the sale of WWHK did close so anything's possible.
Click to expand...

WWHK was never a Nassau owned station. They couldn't close on it, so they LMAed it for a while until the FCC said, "No-no", because it put them over the market cap even before they had Concord-Lakes Region made a rated market. That move reduced the cap for them even more (thus the two that were on their way to the trust so they could close the Goldman Sachs deal). Ownership of WWHK went right from Capital Broadcasting aka Vox to Birch after the court said "Close!".
 
I realize that. Nassau had a JSA that was terminated by the FCC, right? As I understand it Capital Broadcasting still owns WWHK...but Capital is now owned by Birch.
 
I realize that. Nassau had a JSA that was terminated by the FCC, right? As I understand it Capital Broadcasting still owns WWHK...but Capital is now owned by Birch.

And Birch is owned by Andy Sumereau, long-time former GM w/Nassau.

Kinda cushy, ain't it?
 
drredbeard said:
I realize that. Nassau had a JSA that was terminated by the FCC, right? As I understand it Capital Broadcasting still owns WWHK...but Capital is now owned by Birch.

And Birch is owned by Andy Sumereau, long-time former GM w/Nassau.

Kinda cushy, ain't it?
Click to expand...

Makes one wonder whose cash it really was that went in to escrow when the original Vox->Nassau deal was inked, and behind the scenes who really owes who what.

And, yes, the licensee is still Capital, now owned by Birch. Each transfer since Frank Estes days has been a stock sale rather than the more common asset sale. After all these years, the capital gains over the Estes original cost basis would take quite a bite out of any gain from an asset sale; no seller has been willing to take the gain, and each buyer appears to have been willing to accept the additional liability in a stock sale.
 
I am just wondering what Barlow might do? What about VPR- Classical. Their article says that they are still growing.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom