From the Taylor on Radio-Info.com newsletter:
>>For $2.7 million, apparently. Goldman Sachs didn’t bid on the Cape Cod FMs that TRI hears have very little cash flow. (The Cape’s a tough business environment for radio.) (John) Garabedian is the former New England station owner, onetime Boston jock and “Open House Party” syndicated host, and he’s interested in these three stations – rock “Pixy 103” WPXC, Hyannis. And the variety hits “Frank” simulcast of WFQR, Harwich Port (93.5) and WFRQ, Mashpee (101.1). They weren’t included in the package of New England assets scattered around New Hampshire, Vermont and Maine.
http://www.radio-info.com/news/nass...th-creditor-goldman-sachs-keeping-some-big-fm
>>For $2.7 million, apparently. Goldman Sachs didn’t bid on the Cape Cod FMs that TRI hears have very little cash flow. (The Cape’s a tough business environment for radio.) (John) Garabedian is the former New England station owner, onetime Boston jock and “Open House Party” syndicated host, and he’s interested in these three stations – rock “Pixy 103” WPXC, Hyannis. And the variety hits “Frank” simulcast of WFQR, Harwich Port (93.5) and WFRQ, Mashpee (101.1). They weren’t included in the package of New England assets scattered around New Hampshire, Vermont and Maine.
http://www.radio-info.com/news/nass...th-creditor-goldman-sachs-keeping-some-big-fm