Jacko said:I"m sorry, David, I actually do know that about Spanish-language formats. I just had a surgery yesterday, so some of that is the Percocet talking.
Jacko
If Percocet had a radio show, it would probably be #1!!! ;D
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NY Station Sale Rumor hits trades...
- Thread starter davideduardo
- Start date
If Percocet had a radio show, it would probably be #1!!! ;D
David Hinkley in today's Daily News listed estimated ad revenues for the Top 24 stations.
QCD had $20.1 million in 2005 and $14.8 in 2006.
The highest was WLTW, $65.6 in 2006, $59.8 in 2005. Lowest last year was WEPN at $10.3. In 2005, $7.8.
QCD had $20.1 million in 2005 and $14.8 in 2006.
The highest was WLTW, $65.6 in 2006, $59.8 in 2005. Lowest last year was WEPN at $10.3. In 2005, $7.8.
Z100 Needs some competition 101.9 could Flip Top 40. This is something that I posted Emmis Should have done(flipped) a while back. Honestly I'm a Rhythmic Fan Neither HOT97 or Power 105 Could Qualify as Rhythmic, both are Right in between the Urban and Rhythmic formats. I think it would be nice for NYC to have a True Rhythmic station. But with Emmis Labeling HOT 97 a Rhythmic that flip wouldn't be possible.
the current management at emmis in ny has done nothing to stop the bleeding since the tsunami incident at hot 97. management there said things would bounce back, but with staff defections and lack of direction, their revenue is lower than it ever has been. At CD 101.9, no one wants to admit it, but they goota either pull the plug and sell it, change formats and make a go of it (emmis won't spend the $) or keep it as a soft jazz pseudo urban mix that competes with it;s sister station. KISS is bleeding a slow death in the revenue category and is down tremendously since BLS started to put the pedal to the metal. I ask you public...is there something that Jeff Smulyan is missing? Why do you think the shareholders want to sell CD 101.9? The shareholders realize that they can't turn it around to make a go at it. Billing slightly over 1 million a month, a NY station....come on. Turn off the signal or make a go for it. Change the management, change the format...do something. The stock holders need to get their money back or see some value long term here. YES...it's aggravating
housemusic said:
The whole NY market was off nearly 10% last year, and Kiss had the second best year in history in 2006. Hot is off more, but it is obvious why and its 2007 has started very nicely. Kiss, by the way, is one of the top 10 or 12 highest billing stations in the USA.
The shareholders do not "want to sell" WQCD; the station is very profitable. However, the trades believe that the sale, coupled with stock repurchases, paydown of debt and dividends, would allow Mr. Smulyan to take the company private, so the strategy seems to make sense.
Metropolite said:
WEPN is not the lowest... they simply put a cut-off point on the chart. WQEW did $1.9 and WKDM did $1.3 million, to round out the true "City" stations (there are more, even lower, but they are suburban)
The whole market was off nearly 10% from 2005 to 2006, too.
E
EnergyDeKalb2
Guest
If Emmis is anything like Clear Channel, they will sell that frequency to a non-commercial entity, such as EMF (K-Love, Air 1) and they will turn this signal right in the middle of the dial into a high powered christian format. Another waste of space on the radio dial. Why would they want to sell it off to someone who could potentially enter the market and make money with it or compete for the same money?
first of all, kiss is not one of the top 10 or even top 20 billing stations in the country mr eduardo. i appreciate your insight, but truth be told...they are down all across the ny cluster and someone needs to be held accountable and changes need to be implemented now. shareholders want value, this company is not going provate so quickly. put your money where your mouth is and lets bet on it.
housemusic said:
You are right. Kiss is the 21st highest billing station out of 11,197 commercial stations in the US. It is the 7th highest biller in New York.
The 2006 Kiss billings were the same percentage of market billings as the 2005 figure, since revenues were off in NY in 2006.
Every trade magazine and industry analyst on the street believes that by selling WQCD Emmis puts itself in a position to quickly and quietly go private. The soft jazz format is off in revenue everywhere, from LA to NY, because, like oldies, it is leaning severely 55+. The alternatives are to try a format switch and go through the start-up costs or to sell and enable the company to go private.
Jeffrey said:
Is there some reason a Christian format is less needed than, let's say, dance or AAA?
cawasinnj said:
WFME is "Religion" and not "Contemporary Christian." There is a big difference.
Emmis just filed a DEF 14A, indicating that Mr. Smulyan has pledged a huge chunk of his stock holdings to secure multiple lines of credit. What would he need to borrow $34 million for, except perhaps to augment the proceeds from the sale of WQCD and make an offer to take his company private.
Anyone in NY, or especially anyone from WQCD, able to confirm or deny this rumor, without falling afoul of their gag order rule?
Anyone in NY, or especially anyone from WQCD, able to confirm or deny this rumor, without falling afoul of their gag order rule?
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