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The new KROI/KTHT changes thread

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Loverofradio said:
This doesn’t answer my question
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Yet it does.

Until the sale closes, CMG owns it.
The station is voice tracked. That means the log was created last week or earlier, and the tracks recorded before you hear it. All while CMG owns it.

After the sale closes, the log they play and the voices you hear may have been created prior to closing. Or not. It depends upon how far ahead they made logs. Usually you crank out Saturday, Sunday, and Monday's logs on Friday.

Who paid you for your work is dependent upon when you created the content, not necessarily upon when it aired. The creative work you did prior to the sale is an asset being conveyed to the new owner. You're being paid for making the stuff when you make it, not when it airs, unless you are making it live.
 
KTHT still IDing as ”A Cox Media Group station“ at a 5pm check 7/31. Guessing the actual ownership switch happens at midnight, assuming the closing occurred today.

Kind of doubt they will ID as ”A Sugarland Station Trust station” tomorrow🤣 though I suppose they can now be considered a “group owner.”🤪
 
Mediafrog+ said:
KTHT still IDing as ”A Cox Media Group station“ at a 5pm check 7/31. Guessing the actual ownership switch happens at midnight, assuming the closing occurred today.

Kind of doubt they will ID as ”A Sugarland Station Trust station” tomorrow🤣 though I suppose they can now be considered a “group owner.”🤪
Click to expand...
I can also see where they wouldnt change the TOH id since logs were created long before
 
Mediafrog+ said:
KTHT still IDing as ”A Cox Media Group station“ at a 5pm check 7/31. Guessing the actual ownership switch happens at midnight, assuming the closing occurred today.

Kind of doubt they will ID as ”A Sugarland Station Trust station” tomorrow🤣 though I suppose they can now be considered a “group owner.”🤪
Click to expand...
Of course, this is a transitional situation. Nobody in the station today really cares what the ID says beyond calls and COL, so anything they say or do is likely not important to anyone, new or old.
 
DavidEduardo said:
Of course, this is a transitional situation. Nobody in the station today really cares what the ID says beyond calls and COL, so anything they say or do is likely not important to anyone, new or old.
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What’s the most interesting transitional deal you’ve been a part of? Oddly enough, following ktht and what’s been going on have kept me tuned in
 
Loverofradio said:
What’s the most interesting transitional deal you’ve been a part of? Oddly enough, following ktht and what’s been going on have kept me tuned in
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I've never been involved with a station that was taken hour prior to the closing of the purchase. FCC gives you a specific time to close following approval, and for accounting reasons that is generally at midnight of the last day of the month.

In one case, we went off the air just to set the microwave to the new studio location, and were back up at 6 AM. All we did was say, "Hello, this is the new Z-101" and did regular programming.

Otherwise, the new owner just segues into their first song after the legal ID. Listeners don't care about the new owner, and the old one is gone. Non-event.
 
DavidEduardo said:
I've never been involved with a station that was taken hour prior to the closing of the purchase. FCC gives you a specific time to close following approval, and for accounting reasons that is generally at midnight of the last day of the month.

In one case, we went off the air just to set the microwave to the new studio location, and were back up at 6 AM. All we did was say, "Hello, this is the new Z-101" and did regular programming.

Otherwise, the new owner just segues into their first song after the legal ID. Listeners don't care about the new owner, and the old one is gone. Non-event.
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It certainly doesn't always go down that easily. Imagine working a remote all weekend, thinking everything is business as usual, then show up for your Monday shift, only to find sheriff's deputies standing there with your station owner's daughter telling you that you're now trespassing on private property and, oh by the way, no longer have a job. The station, and the others in the cluster, had the plug immediately pulled and remained off the air until they were sold. I won't name names, but the news made all of the trades, the local news, and a mention by several in market competitors.
 
Mediafrog+ said:
Kind of doubt they will ID as ”A Sugarland Station Trust station” tomorrow🤣 though I suppose they can now be considered a “group owner.”🤪
Click to expand...

When Cumulus transferred a few of its stations to the Volt Radio Trust, I remember one of its stations ID'ing as “A Volt Radio Station.”

I doubt you'll hear “A Sugarland Trust Station” or anything really, but you could theoretically hear something like “A Sugarland Radio Station.”
 
rosecitymedia said:
It certainly doesn't always go down that easily. Imagine working a remote all weekend, thinking everything is business as usual, then show up for your Monday shift, only to find sheriff's deputies standing there with your station owner's daughter telling you that you're now trespassing on private property and, oh by the way, no longer have a job. The station, and the others in the cluster, had the plug immediately pulled and remained off the air until they were sold. I won't name names, but the news made all of the trades, the local news, and a mention by several in market competitors.
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That is certainly not a normal sale and close. That sounds like a foreclosure.
 
rosecitymedia said:
It certainly doesn't always go down that easily. Imagine working a remote all weekend, thinking everything is business as usual, then show up for your Monday shift, only to find sheriff's deputies standing there with your station owner's daughter telling you that you're now trespassing on private property and, oh by the way, no longer have a job. The station, and the others in the cluster, had the plug immediately pulled and remained off the air until they were sold. I won't name names, but the news made all of the trades, the local news, and a mention by several in market competitors.
Click to expand...
That very thing happened to a friend of mine in East Texas

www.ketk.com

Staff: All Breeze radio station employees let go without notice

KETK News has learned staff at The Breeze, a Jacksonville-based radio station, has been terminated.
www.ketk.com www.ketk.com
 
Loverofradio said:
That very thing happened to a friend of mine in East Texas

www.ketk.com

Staff: All Breeze radio station employees let go without notice

KETK News has learned staff at The Breeze, a Jacksonville-based radio station, has been terminated.
www.ketk.com www.ketk.com
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I remember that one.
Back when I was a baby DJ, we were sold, and as the person working the all night shift as it closed at midnight, I can assure you that nothing changed at midnight. Just fire the next cart, sign the log, take the readings.
But this wasn't a dysfunctional family business, so the only drama was when they took the sign down for the old company the next morning someone had to find some art to hang on the wall to cover up a hole in the drywall.
 
johndavis said:
I remember that one.
Back when I was a baby DJ, we were sold, and as the person working the all night shift as it closed at midnight, I can assure you that nothing changed at midnight. Just fire the next cart, sign the log, take the readings.
But this wasn't a dysfunctional family business, so the only drama was when they took the sign down for the old company the next morning someone had to find some art to hang on the wall to cover up a hole in the drywall.
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Of course, all of us "veterans"* have stories of "The format is changing so you're all fired." The new staff was across the street in the Holiday In with all the carts and liner cards and the music log, and as soon as the old staff was gone, they marched in and fired up the new format

* "Veterans" means we've been fired at least a couple of times and have the related stories to tell.
 
lanceventa said:
Look at nearly every divestiture trust in operation over the past two decades. They continue with their programming until a sale.

As for KTHT, I'm told early-mid October for launch.
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How much time is usually needed for the conversion from commercial to non-commercial status?
(adding to the time between announcement and sale consummation)

Granted, different circumstances, but thinking of WPLJ New York and KSWD L.A. when they were sold to EMF -
there was at least a one month period where everyone on those stations knew the end was near but did not have
a definitive date until 7-10 days before departing.
 
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