Remember, the market runs from Santa Rosa down to Gilroy, and Stolz' station does not even cover 25% of it.
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Royce International saga, update
- Thread starter leethalweapon
- Start date
Garlic Capitol of the World - Gilroy. Good times.
Stolz smells like something strong... but it's not garlic!
Hmmm....wonder what Farmer Ed is growing on that 40 acres in Shingle Springs? Must be good stuff as he said he'll sell it to exit BK.
I would have guessed the South Bay is the most important part of the San Francisco Bay Area media market. Or is it the land around the transmitter site that's the value here.
No, it is not. The separate San Jose market is 2.1 million, and the full San Francisco market is just over 8 million.
It depends on whether an FM even owns its own site. Many lease on existing towers owned by tower aggregators and do not own the land, the building or the tower.
Betcha it ain't a vineyard.
Some creditors are thinking what a lot of us are thinking:
www.insideradio.com
Some Creditors In Royce Bankruptcy Case Think There Are No Buyers For KREV.
Royce International Broadcasting owner Ed Stolz is banking on the sale of his San Francisco FM to help fund his chapter 11 reorganization plan, telling the court last week that
Not going to end well.... IMOSome creditors are thinking what a lot of us are thinking:
Some Creditors In Royce Bankruptcy Case Think There Are No Buyers For KREV.
Royce International Broadcasting owner Ed Stolz is banking on the sale of his San Francisco FM to help fund his chapter 11 reorganization plan, telling the court last week that
Some creditors are thinking what a lot of us are thinking:
Some Creditors In Royce Bankruptcy Case Think There Are No Buyers For KREV.
Royce International Broadcasting owner Ed Stolz is banking on the sale of his San Francisco FM to help fund his chapter 11 reorganization plan, telling the court last week that
Crazy Ed has mentioned an LMA for KREV, but that aint gonna pay off a long list of creditors. And you can bet Receiver Patrick and VCY will ultimately get something for their work and investment.
Sounds like a LMA with Jamtraxx Media? Seems that Ed is trying hard in not passing his signal to a non-religious broadcaster.
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is there a possibility that VCY America may still buy KREV 92.7 away from Stolz?
The bankruptcy judge returned the stations to Stolz, so it's up to him.
Better off to just be done with it. Sell it and move on.
If "him" refers to the judge, then yes. Stolz gets to propose a restructuring plan to the court, but ultimately any plan must be approved by the bankruptcy judge. And the judge will hear objections from any creditors who wish to file objections.
And there might be a few.... just saying.
As far as I know the only time it 92.7 was profitable was when Pat Henry owned it as KJAZ. That's because he applied for an allocation nobody else wanted, built the station himself, and signed on the air in 1959. But even with all those savings he still had to sign it off at midnight at various times when revenue wasn't coming in.
It's still off the air, I wonder when it will return.
Previous owners Flying Bear said Energy 92.7 was cash-flow positive right before the banks forclosed; but not cash-flow positive enough to make the payments on their loan. Of course they paid $35(?) mil for it ~20 years ago.
I wonder what the minimum cost of running it would be (power, tower rent, engineering cost, a place to host your public file).
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