Price for WFNX: $14.5 million

[LA_Guy]

All in all, a pretty good payday for Stephen Mindich, though about half of what he could have got for it 4 years ago.

 

[4CX1000A]

That's half a million more than WGBH paid for 99.5 three years ago.

 

[aaronread]

And almost a tenth what Greater Media paid for 102.5 back in 2006. My have station values plummeted or what???

 

[davideduardo]

And almost a tenth what Greater Media paid for 102.5 back in 2006. My have station values plummeted or what???

While valuations are certainly off, a Class A has always been worth immensely less than a full Class B station.

 

[reelyreal]

An example of a Boston-area Class A that sold toward the height of station prices is the former WILD-FM, now WKAF Brockton, which went for more than double, $30 million, in 2006.

 

[aaronread]

Was 97.7 already up on Great Blue Hill when it sold, or was it pre-sale?

 

[jlehmann]

Was 97.7 already up on Great Blue Hill when it sold, or was it pre-sale?

It was already up on the hill.

 

[DanStrassberg]

It was already up on the hill.

Are you sure? I thought the CP had been granted (or maybe the application for a CP had been filed), but I didn't think that what is now WKAF was already on the air from Milton when Entercom closed on the purchase. In addition, before the power could be increased to 6 kW @328' AAT equivalant, the former WINQ Winchendon had to move (to Keene NH, I believe). The way I remember it, WKAF didn't run full Class A facilities for (my guess) at least a year after Entercom acquired the license. Where I live (Arlington Heights), it seems as if the increase to 6 kW has noticeably improved the signal compared with the lower power that was in use before the Winchndon/Keene station moved.

 

[reelyreal]

It was already up on the hill.

Are you sure? I thought the CP had been granted (or maybe the application for a CP had been filed), but I didn't think that what is now WKAF was already on the air from Milton when Entercom closed on the purchase. In addition, before the power could be increased to 6 kW @328' AAT equivalant, the former WINQ Winchendon had to move (to Keene NH, I believe). The way I remember it, WKAF didn't run full Class A facilities for (my guess) at least a year after Entercom acquired the license. Where I live (Arlington Heights), it seems as if the increase to 6 kW has noticeably improved the signal compared with the lower power that was in use before the Winchndon/Keene station moved.

Program Test Authority for the Milton site was granted in March 2006, the LMA by Entercom began in August, and a license was issued for the site in December 2006. There was then a slight power increase in 2009.

 

[jlehmann]

It was already up on the hill.

Are you sure?

Yes, Radio One did the move, and had HD on the air from Great Blue Hill with the WILD-FM calls, they were never on with HD from Abington.