Thanks for including Mega in your air checks! That was my marvelous project from late 1999 to about 2007.
-
Get involved.
We want your input!
Apply for Membership and join the conversations about everything related to broadcasting.
After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
If you use a disposable or false email address, your registration will be rejected.
After your membership is approved, please take a minute to tell us a little bit about yourself.
https://www.radiodiscussions.com/forums/introduce-yourself.1088/
Thanks in advance and have fun!
RadioDiscussions Administrators
SBS Buys KROI for $7.5 million
- Thread starter davideduardo
- Start date
My one and only trip to Buenos Aires....need to get back and visit again!
Expecting a format change on Thanksgiving is a bridge too far. I'd bet 90 % of radio stations in America today were on full automation with prerecorded content.
That’s true. I wasn’t sure if there was some rights issue that would legally prevent SBS from simulcasting KMJQ-HD2.
The station is ready to go. The studio is finished, and the Logs are done but again consider that the station will be promoted around the Morning show and that morning show has a non-compete that will be over in 2 weeks. I can confirm that no extension was needed, and we will see the newest regional Mexican station go on the air Before we see 2025. Also, consider that Univision Goes on vacation in December till the first week of January as I have said before. I can confirm all talents will be local and the sales team in place included some ex univision salespeople and some that had worked at Mega TV. Great Studios with a great view and plenty of space for growth. Why it took them so long to pay the 7 Mill that's one that I can't explain.
This. Exactly. The flip of 92.1 is a major milestone in the market, one that is likely part of numerous upcoming changes. We already can be certain that further consolidation is on the way for the radio industry, and ever-changing technology and listener preferences are about to reshape the broadcast landscape here.
After 19 months of speculation we’ll finally have answers and clarity as to the future of 92.1, and we can discuss the actual new format and it’s impact on other stations in the market.
Also, once we finish talking about the “new” 92.1, we can then migrate over to the Gow Media threads and fill prodigious amounts of bandwidth discussing the future of KFNC.🤪🤪😂😂🤣🤣
A log for a day takes about an hour to create and carefully edit.
And that morning show had died at its last station after being in decline for over two years in the core sales demos.
Nearly everyone does that, because no agency buys off the Holiday book.
The problem with the payment is simple. SBS thought they had extra money from the sale of their TV operation, and that sale fell through. All available cash went to the Tampa and St. Petersburg stations, and there was nothing left to finance the payment for Houston. No mystery there... just an asset sale by SBS that was never consumated.
I have heard talk that the Tampa SBS station may be spun off, as that is a terrible Hispanic market. That may be an element that permitted the closing... a bridge loan of some kind or more intricate mezzanine financing.
Listened to the midday local show on Praise for a while today, and still no mention of a change on 92.1. Fill-in host continues to refer to the station only as “Praise 92.1” with plenty of recorded celebrity drops also doing the same, though other recorded bits only reference 102.1 HD-2, as the station has been branded the past 18 months.
At a check just now, still no filings with the FCC for Notice of Consummation, or an amended APA.
At a check just now, still no filings with the FCC for Notice of Consummation, or an amended APA.
Holiday. Weekend. Period.
True, but the FCC was open for business today. Plenty of filings and actions.
And you’d think Praise may want to redirect listeners to the HD-2, but Radio One probably has no idea when the flip will actually happen.
How many times does this have to be said? 92.1 is a zombie station operated by the divestiture trust. As far as Radio One is concerned it has been on 102.1 HD2 for months now. There's likely not going to be any redirection.
This is an administrator asking again to please stop with the minute by minute analysis when there isn't anything happening. We've answered all of these questions already and you're just repeating yourself and asking over and over again.
D
Deleted member 108832
Guest
Just wait until this deal is finally concluded and they move on to the "phantom" sale that David Gow is apparently putting on, with no other confirmation besides one board member's somewhat educated guess, and who's been right about as many times as a broken clock on any given day.
A little speculation is ok for the boards because, frankly, it can be pretty entertaining. However, this just isn't. The dumpster fire at 92.1 is out, gentlemen. Just a little smolder from the ashes now. Please, if you'd just let everyone know when the Praise stops and the Norteños start, I think the majority of us will be satisfied. I'll do the same for y'all when the stunting stops and the 80's power hits start churning out at KVUT.
And now for some actual news from the just released SBS Q3 earnings report...
And, as I had mentioned before, they postpone the closing until after Christmas since starting a new format in the Christmas season is costly, unproductive and falls into the holiday season for staff and even suppliers.
If it were me (and I have "innaugurated" probably over 100 new stations and new formats) I'd pick January 6 and call it a "Regalo de Reyes" for the much observed 3 Kings Day. That would give it a memorable hook and something that would make press releases more interesting.
I’m probably revealing my lack of knowledge about business here, but I don’t understand why a company like SBS needed so much time to raise that money. I know the sale of Mega TV fell thru, but shouldn’t they be big enough to already have $7.5 million on hand, regardless of any sale? I don’t understand.
Thanks for posting that. The way to stop endless “speculation” is with solid information.
December 23 is a Monday, so we can reconvene then.
The closing will be the later of two dates between the last day of FCC approval and December 23. So it will be before Christmas. But then you could stunt through rest of holidays.
Read the whole report regarding debt load and revolving credit facilities. That will explain it: https://www.spanishbroadcasting.com.../5/2024/11/Reporting-Package-093024-Final.pdf
Maybe they could even call the station "En Houston manda EL REY!" It would fit the KROI call sign, and since SBS regionals play a fair bit of gold compared to others, would invoke the great Vicente Fernández.
I guess the good news is they have lost a lot less money YTD this year vs YTD last year. But when your stock was de-listed and you trade on the penny exchange with a market cap of $3.4M and you are paying as much in interest on debt as your are making, the market is not very bullish on its future...
In the separate press release, it looks like more cost-cutting to come...
"In fact, we are doubling down on yet another line-by-line cost elimination review at all of the Company's business units."
A little more on KROI in the press release...
"Simultaneously, SBS is unveiling exciting new program offerings in key markets, including a new national over-the-air and digital
Mexican/Urbano fusion network, 'La Privada', as well as top talent additions in Puerto Rico, Orlando, Tampa, and, of course, at our
soon-to-launch FM outlet in Houston — the nation's third-largest Hispanic market.
In addition to local sales, Houston will fuel even further revenue expansion as our Aire Radio Network's newest affiliate and as an additive market for SBS Entertainment's live concerts and events."
SPANISH BROADCASTING SYSTEM, INC. REPORTS RESULTS FOR THE THIRD QUARTER 2024 - Spanish Broadcasting System
Something like this?
