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Report: WDRQ To Be Sold
- Thread starter TheBigA
- Start date
It has to do with the IRS and tax status. Everything they do has to be approved by the IRS as well as the FCC.
A non-profit company is one that does not distribute earnings to shareholders. Instead, it uses the money that comes in to cover operations and, if there is any excess, expand what they are doing or contribute to other non-profits.
A non-profit is "owned" by an organization chartered to not seek profits than can be distributed as it has, in a sense, no "owners". A for-profit intends to make a profit each year and to distribute all or some of the profits to the people who own it.
Because they do not have profits, non-profit groups pay no income tax. In most states and jurisdictions, they also do not pay property tax on assets and land and buildings. They also are generally exempt from sales tax on things they buy.
K Love is continuing to grow! Nothing wrong with that! Educational Media Foundation breaks ground on Franklin world headquarters
I don't have to exact numbers but isn't KLove setting on a large pile of cash? My wife was listening a couple of weeks ago and they were saying (not an exact quote) if you want to keep Klove now is the time to donate.
Assuming their air staff makes 6 figures each I doubt they are paying more than 3 million a year in salaries. I was told they pay cash for their stations so most locations only have a contact engineer, tower rent, maybe two hundred square feet rent at the tower for a couple of racks of equipment, an internet connection and the power bill.
Has any commercial operater ever tried skipping commercials and ask for direct funding from audience to keep the station commercial free?
Assuming their air staff makes 6 figures each I doubt they are paying more than 3 million a year in salaries. I was told they pay cash for their stations so most locations only have a contact engineer, tower rent, maybe two hundred square feet rent at the tower for a couple of racks of equipment, an internet connection and the power bill.
Has any commercial operater ever tried skipping commercials and ask for direct funding from audience to keep the station commercial free?
WJIB Cambridge, MA, whose owner, Bob Bittner, died just recently. mostly MOR music on AM with a peashooter FM translator, no streaming. Did it for the love of radio and old music.
They have, as most non-profit groups do, a reserve fund and they try to always have cash for new acquisitions.
Here is a quick synopsis of its funding:
Educational Media Foundation | Company Overview & News
Founded in 1981, Educational Media Foundation operates religious radio networks, including Air1 and K-LOVE.
www.forbes.com
Revenue last year of $238 million, operating expenses of $137 million, the rest goes for station purchases, their new building, etc. They pay "nice" salaries but way below what a group operator in the private sector would pay.
Just the CEO makes a bit over $700,000. People like their head of finance, program director, operations manager, head of fund raising, head of outreach, etc. are all going to be in the mid-6 figures. Without counting the air staff and office staff and staff engineers, I'd say management salaries alone are around $5 million.
They have over 200 employees that will work starting next year at their new 17,000 square foot Nashville building
EMF Breaks Ground On New Nashville-Area Headquarters.
Christian media group Educational Media Foundation breaks ground on its new global headquarters in Tennessee. CEO Bill Reeves welcomed industry guests, community partners, government officials, its Board of Directors, leadership
In addition, they have a large engineering staff all over the country. Some are contract engineers, others are fulltime regional or "zone" engineers.
Consider equipment maintenance, insurance, utilities (other than power that you mentioned) required licenses and permits they are not exempt from, building maintenance, periodic tower painting or rent on leased towers, security (in some locations) vehicle and travel for engineers, required state paperwork filings, and lots more and you have more than just the light bill.
Leased towers in some locations can be very expensive. Ask Scott what a station on the ESB pays for that location!
Some have asked for listener donations or subscriptions, such as the Beautiful Music station in Prescott, AZ, used to do. And the Bittner stations in MA and ME ran as listener supported with no ads.
Commercial classical stations back in the day (70's and 80's) would do things like selling a program guide subscription for way more than a regular magazine subscription to get listener support.
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Right down the Road from Dave Ramsey.
I seem to remember EMF recently buying an AM station in New England, though it almost certainly did so for the FM translator that came with it. If the translator isn't permanently married to the AM, it will probably get rid of the AM at some point in some manner in the not too distant future.
(UPDATE: It was a Boston area station that EMF has since either sold or stopped LMA'ing after the purchase of 107.3.)
Newspapers have also seen consolidation. A couple of big mergers, at least one of which was north of $1 billion, just before the Great Recession were also devastating to the newspaper industry.
I can think of one example off the top of my head where EMF acquired a station in the non-comm portion of the band and sold the full-power commercial band signal off for the money it would bring. It wasn't even in a big market. The likelihood of seeing a transaction like that today is probably lower with prices being what they are.
Family Life Radio as Requested call sign "WUFL" for 93.1
"Applicant has selected August 10, 2023 as the effective date, but if a grant occurs and a
closing is scheduled before that date, Applicant will either file an amendment requesting an
earlier effective date or coordinate with the FCC’s call sign desk for an earlier effective date"
"Applicant has selected August 10, 2023 as the effective date, but if a grant occurs and a
closing is scheduled before that date, Applicant will either file an amendment requesting an
earlier effective date or coordinate with the FCC’s call sign desk for an earlier effective date"
That happened in Lafayette, IN (that might have been what you were thinking of). A facility I once worked for as a commercial operator was sold to EMF, they picked up a signal in the non-comm band and sold the commercial band signal to another commercial operator.
I was thinking of Odessa-Midland, but, yes, EMF did the exact same thing in Lafayette.
It also made a swap in Santa Fe with Santa Fe College after realizing it could get the old KSFR 90.7 onto Sandia and covering both Santa Fe and Albuquerque. Not quite the same thing, but similar.
What you talkin’ bout, Willis Broadcasting Company?
This probably ends speculation about an imminent sale of WDVD:
Cumulus Brings Matthews To Motor City As WDVD PD.
Cumulus Media has named Michelle Matthews as its new Program Director for hot AC WDVD (96.3) Detroit. With a 30-year background in radio programming and operations, Matthews comes to WDVD
Family Life takes over 93.1 at midnight tonight...
WDRQ went out with a whimper.
Nights with Elaina aired as usual for the first two or three hours, then her audio was crossed with the New Country Detroit streaming feed, then the streaming feed aired for a brief time. Shortly before midnight, the changeover happened.
WYCD is a much better station than WDRQ was.
The audio processing now that the switchover occurred sounds excellent; I will say that much.
K-Love, FLR and Smile FM - in that order - sound so much better than the sloppily programmed 103.5 WMUZ. Probably won't matter, as MUZ makes bank off brokered programming predominantly in any event.
Nights with Elaina aired as usual for the first two or three hours, then her audio was crossed with the New Country Detroit streaming feed, then the streaming feed aired for a brief time. Shortly before midnight, the changeover happened.
WYCD is a much better station than WDRQ was.
The audio processing now that the switchover occurred sounds excellent; I will say that much.
K-Love, FLR and Smile FM - in that order - sound so much better than the sloppily programmed 103.5 WMUZ. Probably won't matter, as MUZ makes bank off brokered programming predominantly in any event.
Family Life Radio Launches On 93.1 Detroit - RadioInsight
Family Life Broadcasting System has closed on its $10 million acquisition of "New Country 93.1" WDRQ Detroit and launched its Christian network programming on the station at midnight under new WUFL call letters. The move marks a return to Detroit for Family Life Radio, which was heard on 1030...
radioinsight.com
Will this help WYCD in the ratings??Radio Insight and Country Aircheck are reporting that Cumulus country WDRQ is "on the verge of being sold to a Christian broadcaster."
Family Life Broadcasting System Acquires 93.1 WDRQ Detroit
Family Life Broadcasting System is acquiring Cumulus Media's "New Country 93.1" WDRQ Detroit for $10 million. The station will convertradioinsight.com
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