Per All-Access - Saga Donates Ohio FM As Part Of Columbus Move-In

[Dirty_Harry]

WTDA probably has something to do with the Galloway location. Also, the ownership rule/donation thing caught me as odd when I first saw it.

Nothing odd about it. Saga paid actual money for a Bucyrus station and gets a charitable deduction for the value of a Columbus station. What would a station in Bucyrus cost ............ $500,000, maybe? And let's say a rimshot signal into Columbus is worth $5,000,000? In terms of actual cash, the deduction is worth approximately $5,000,000 / 3 ... or about $1.6 Million Dollars. They made $1.1 million dollars by "DONATING" the signal, probably have some restrictions as to what format they can use. I'm sure they know what they're doing, though.

Poor Marysville, two local signals ............ both money beggars playing crap. You shall be HEALED!

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[CatFM]

As I remember, Saga paid $2.2 mil for the Bucyrus stations, which made me wonder what they were up to. There would have to be a substantial oil deposit under that land to justify that kind of price for an AM daytimer and 3 KW Class A FM in Bucyrus! Add to that the mystery of how the Scantlands figured into it since they bought Bucyrus after selling WJZK and the LMA for WJZA to Saga, then sold Bucyrus to Saga and moved to Florida. Verrrrrrrrry interesting...

 

[kentuckymedia]

While this is all very interesting. Why did Saga make an offer on the Mansfield stations? Something fishy there?

 

[Dirty_Harry]

As I remember, Saga paid $2.2 mil for the Bucyrus stations, which made me wonder what they were up to. There would have to be a substantial oil deposit under that land to justify that kind of price for an AM daytimer and 3 KW Class A FM in Bucyrus! Add to that the mystery of how the Scantlands figured into it since they bought Bucyrus after selling WJZK and the LMA for WJZA to Saga, then sold Bucyrus to Saga and moved to Florida. Verrrrrrrrry interesting...

I think I get it now. If you give an appreciated painting or appreciated stocks to charity, you get to deduct fair market value. Maybe the $2.2 million paid was based on some kind of augmented value based on the move. There are brokers who peddle stations based on their move-in potential for a living. Maybe my $5 million figure was too low. A class-A in Columbus is probably worth $15 million? A rimshot maybe $7 million? Just guessing on the numbers.

 

[CatFM]

The application Saga filed to change the City of License for WQEL to Richwood specifies a transmitter site just west of Marion with 6 KW. In no way will that facility put a signal into the Columbus market. It will be a Marion station. That signal would only be slightly stronger toward Columbus than WDIF, and that isn't nearly enough.

 

[CBusDave]

I think I get it now. If you give an appreciated painting or appreciated stocks to charity, you get to deduct fair market value. Maybe the $2.2 million paid was based on some kind of augmented value based on the move. There are brokers who peddle stations based on their move-in potential for a living. Maybe my $5 million figure was too low. A class-A in Columbus is probably worth $15 million? A rimshot maybe $7 million? Just guessing on the numbers.

Probably a little too inflated. According to http://www.buysellradio.com/forsale.html the most expensive property is $2.5 mil for a 5kW AM construction permit in a Top 10 market. An AM in Ann Arbor with a CP to move to Detroit is also $2.5 mil which is also a Top 10 market.