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Stations for sale?
- Thread starter radiobrat
- Start date
Call A Broker. No one's going to place any information here. Wait, here's one : Ed Roehling 317-870-8400.
Everything is for sale, for a price.radiobrat said:
Do I know you? Seriously and with all due respect, while this is a fine place to discuss radio and express our opinions and offer our own sage advice, it, by far, is not a forum in which to share information about on-going businesses. You could be my competitor, or an enthusiastic person who wants to own a radio station. Either way, it’s not that easy. Since you don't use your real identity, no one is likely to share sensitive and sometimes confidential information in this arena. ChiefEngineer has provided you with a lead. Ed has handled a few transactions for a couple of my colleagues and will take the time to help you understand how these things work. But, don’t count on getting a detail-filled list of stations for sale. Most brokers will provide limited information based up your qualifications. If you can provide financials, a rough business plan, and sign a confidentiality agreement, then, maybe you can get things like call letters, markets, asking prices, etc. A boatload of cash also helps. This is nothing like buying an iPod or a used car. Larry Elder had a great quote: “a goal without a plan is just a wish”.radiobrat said:
I wish you well.
Keeping the staff of a radio station focused and productive is always a management challenge. Just what the current owner of a radio station wants: publish the call letters of my station and an asking price, and watch everyone on staff go nuts, spend their time fretting over finding a new job, etc.
Doesn't help either for the gossip to get around town with your advertisers.
Doesn't help either for the gossip to get around town with your advertisers.
There will be lots of stations for sale when one of the big groups goes under. I don't know which one or when, but I'm pretty certain at least one of them will sink.
Brat, my I call you that? It has been brought to my attention that my first response to you may have been inappropriate. For that, I apologize. Someone has already given you Ed Roehling's number. Here are a couple of more sources to consider. First is www.buysellradio.com. Also try www.radiobroker.comradiobrat said:
The second site also offers background informaton about buying and selling. The info for prospective buyers is very good.
I wish you well.
We've already had a preview with CC casting off smaller market stations earlier. You are correct in you thinking. The large operators will pare back their holdings to only keep the most profitable properties. The leftovers will have 2 problems facing them. One, is they are not profitable and two, when they were purchased, they were "folded in" to other consolidated operations. So these available stations will probably not have studios, support staff, or even transmitter sites/towers. Imagine the costs involved in creating new studio space, and in many cases, even having to either build new transmission facilities, or be at the mercy of the former owner as a tower tenant.kd8hho said:i do wonder if we will see the big corporates break up due to this economy. if that happens there might be alot of stations for sale
Might be some bargains, but with lots of expensive work ahead.
B. if I may call you that, we do not know each other. I appreciate your apology. I know Ed and a few others like him.
Now, in regards to your last comment about being at the mercy of tower owners etc. In my mind the perfect buy situation, and I believe we get closer everyday. Is to find on owner who believes everything his/her GM/GSM/"the experts"are saying - that is radio is a dying business (in it's current form hard to argue) The owner I am searchinmg for is tired of losing money on their current station. Maybe they have been in the business of radio for a while made great money on previous stations and knew at some point they were going to have to take the proverbial haircut. That owners out there I'm watching and listening for the Perfect Storm.
Now, in regards to your last comment about being at the mercy of tower owners etc. In my mind the perfect buy situation, and I believe we get closer everyday. Is to find on owner who believes everything his/her GM/GSM/"the experts"are saying - that is radio is a dying business (in it's current form hard to argue) The owner I am searchinmg for is tired of losing money on their current station. Maybe they have been in the business of radio for a while made great money on previous stations and knew at some point they were going to have to take the proverbial haircut. That owners out there I'm watching and listening for the Perfect Storm.
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