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NM to sell chicago?

L

Link

Inside radio is reporting court documents from NM chapter 11 say they will sell chicago. Is this because they really are not profitable or because they are too profitable? I am surprised, I thought chapter 11 was just a way to allow the same execs to keep their jobs.
 
Inside radio is reporting court documents from NM chapter 11 say they will sell chicago. Is this because they really are not profitable or because they are too profitable? I am surprised, I thought chapter 11 was just a way to allow the same execs to keep their jobs.
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I could only see them selling if the Chicago area stations aren't doing well. If they're profitable, I can't see them selling off the stations. Their Chicago cluster doesn't try to compete with the Chicago signal stations, since NM stations have rimshot signals in Chicago. So unless the company might be having financial problems, they're going nowhere.
 
I think its because the chapter 11 will cause a change in control and they have grandfathered stations at higher than allowed ownership rules. So some will have to go. Which ones and at how much and who will buy them will be interested. Someone on Larry's funhouse board said the River used to bill almost $3 mil a year. That can't last forever though.
 
wootvictory said:
Aren't they actually suburban sticks?
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All of them are suburban sticks. 7 of them are FM & 2 are AM (AM are in bold).

Joliet area:

* WCCQ (Crest Hill, Country) - 98.3 MHz
* WJOL (Joliet, News/Talk/Sports) - 1340 kHz
* WSSR "Star 96.7" (Joliet, Adult Contemporary) - 96.7 MHz
* WRXQ (Coal City, Classic Rock) - 100.7 MHz

Aurora:

* WERV "95.9 The River" (Aurora, Classic Hits) - 95.9 MHz

Waukegan:

* WKRS (Waukegan, News/Talk) - 1220 kHz
* WXLC (Waukegan, Hot AC) - 102.3 MHz

Dundee

* WWYW (Dundee, Oldies) - 103.9 MHz (run out of Crystal Lake)

Crystal Lake

* WZSR (Woodstock, Adult Contemporary) - 105.5 MHz


Just over in Pleasant Prairie Wisconsin, Nextmedia also owns 2 stations:

WLIP AM 1050 & WIIL 95.1, both licensed to Kenosha. While Kenosha County Wisconsin is technically part of the Chicago Arbitron market, I don't know if Nextmedia consider WLIP & WIIL part of Chicago or not. If they sell off any stations, I believe they'll sell off both of their Wisconsin stations. They moved 104.7 Sturtevant Wisconsin as far north as possible to market that station as a Milwaukee station, and later sold it to Bustos Media. Bustos Media made 104.7 Milwaukee's first Spanish Language station.
 
It really bugs me that anyone would consider these "rim shots" part of the Chicago Market! Maybe WIIL could be considered a Chicago station as it can actually be heard in parts of Chicago...but most of the others can't.

Personally, I think the FCC should leave these guys alone...and let them be...they certainly do not have a monopoly on the Chicago airwaves with these stations.
 
I think they will just put two of them in a trust (like aloha) and find out how to keep them. All they have to do is find a way to move them to COL outside the Chicago counties. They could move Aurora because there is another FM licensed to the city, but that signal may not be big enough to easily do that. In other cities like coal city, dundee, ect. I don't think there is another FM to allow them to leave. So possibly they have to get another FM to move there, so they can move out. Its going to take time. Really the fcc rules that let them move the COL to a different county and keep the same signal area is typical FCC BS. The FCC should force the consolidators to give up the stations in situations like this. I hate that radio is so much about manipulating the fcc rules to your advantage and not about actually creating programming that listeners care about.

They might be able to get brother harold to move WJCH col from joliet to coal city. Then move 100.7 COL out of the county. Or get WCFL to move from Morris. Some nonsense or another and NM keeps all 7.
 
Re: WIIL

wootvictory said:
[email protected] said:
It really bugs me that anyone would consider these "rim shots" part of the Chicago Market! Maybe WIIL could be considered a Chicago station as it can actually be heard in parts of Chicago...but most of the others can't.

Personally, I think the FCC should leave these guys alone...and let them be...they certainly do not have a monopoly on the Chicago airwaves with these stations.
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Actually, WIIL applied to change its COL to Union Lake so it can be defined as a Milwaukee market station.
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Correction! It's Union Grove (in Racine County), not Union Lake. With the change in COL, it makes me think that they're doing this with the intention of making it attractive to sell as a Milwaukee area station. I don't know how far north they can move the transmitter, since there's 94.5 & 95.7 (3rd adjacents) in Milwaukee, if that might be the plan as well. It doesn't show that in the Application. Just a change in the COL. If the station weren't so close to the Kenosha Airport, the tower could probably go higher, and add a few additional miles either way. When Nextmedia moved the antenna of then 104.7 WEXT from Franksville antenna to the old WJJA tower in Oak Creek, they originally was targeting Milwaukee with the station. As I mentioned before, NM eventually sold off the station. I believe that's what's gonna happen with WIIL in the near future.

http://www.fcc.gov/fcc-bin/fmq?stat...&slat2=&NS=N&dlon2=&mlon2=&slon2=&EW=W&size=9
 
Dave said:
WLIP AM 1050 & WIIL 95.1, both licensed to Kenosha. While Kenosha County Wisconsin is technically part of the Chicago Arbitron market, I don't know if Nextmedia consider WLIP & WIIL part of Chicago or not.
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It does not matter what NextMedia considers a station to be... if it is licensed inside the Arbitron metro, it is part of the metro.

Counties in metro: Cook, DuPage, Grundy, Kane, Kendall, Lake, McHenry, Will, Lake, Porter in Illinois and Kenosha in WI.
 
DavidEduardo said:
It does not matter what NextMedia considers a station to be... if it is licensed inside the Arbitron metro, it is part of the metro.

Counties in metro: Cook, DuPage, Grundy, Kane, Kendall, Lake, McHenry, Will, Lake, Porter in Illinois and Kenosha in WI.
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Wouldn't that actually be Cook, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will in Illinois; Lake and Porter in Indiana; and Kenosha in Wisconsin? And what about LaPorte in Indiana -- in which metro is it considered to be?
 
PoisonIvy said:
Wouldn't that actually be Cook, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will in Illinois; Lake and Porter in Indiana; and Kenosha in Wisconsin? And what about LaPorte in Indiana -- in which metro is it considered to be?
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Yes, correct, those two are in IN. My mistake in not distinguishing the little IN from the little IL in the Arbitron PDF.

In the diary, La Porte was part of the Arbitron TSA, but in the PPM there is no TSA and so that county is in no MSA.
 
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