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THE TRUTH ABOUT FAMILY RADIO - A POSSIBLE SWAP FROM FM TO AM

T

towernews

Harold Camping, the minister who predicted the end of the world and has asked for donations on his stations around the country for decades.

Family Radio has never ever paid rent on their WKDN tower when they purchased it several years ago. They convinced the good natured Tommy Roberts, the owner of WTMR AM 800, and WKDN FM 106.9 to give Family Radio and Harold Camping a free ride never charging him for rent on the immense tower below the Walt Whitman Bridge.

Mr. Roberts had to sell his station on AM 800, the ground and the WKDN tower to Gore Broadcasting. He wrote in a stipulation to allow Family Radio to go free rent, even with the new owner.
The next owner who purchased the entire facility, Beasley Broadcasting inherited the same deal, free rent.

The two stations Family Radio could try to purchase might be WPEN 950 or WHAT 1340.
 
Well, no matter who buys WKDN Beasley might be happy that they will finally be able to collect rent on the facility. Depending on how the contracts were written the rent may start accruing once the switch from non-com to a full commercial license goes into effect.

Harold Camping is fast becoming the poster boy for people who would argue that there should be a mandatory retirement age for people running large organizations.

His old age delusional "faith" in his own thinking is fast unwinding all of his accomplishments earlier in life. The organization he founded had the easy potential to run debt free so it could go on "eternally." Instead, he has squandered those advantages, and apparently for several years has been spending tens of millions of dollars a year more than was coming in.

Now there are reports, like the one from Tom Taylor, that Family Radio owes $50-million, and the debt is due soon, so stations that will likely never be non-com again will have to be sold to pay the debt, and, at best, Family Radio will have AM stations that are declining in value, and increasingly ignored by people younger than middle aged. And every year, the average age of people who virtually ignore AM goes up by one year. Oblivion is destiny, unless full power digital gives AM a second life at some point down the road.
 
He had to buy all those bill boards to tell us the world is ending! And soon after May 21 passed, his world almost ended when he got a stroke. Now that he can't speak, there's no use to have all those radio stations.

Speaking of those billboards, I saw one at a train station as recently as last Sunday. I noticed someone crossed out "May 21" and wrote "October 21" on it, among other vandalism, but the billboard is still up even though Judgement Day came and went.
 
If they moved to 800 AM, they need to fix the signal so it can be heard loud an clear, day and night across the region, not like it is now.
 
towernews said:
The two stations Family Radio could try to purchase might be WPEN 950 or WHAT 1340.
Click to expand...
If Greater Philadelphia Radio really wants 106.9 then fine. What might make better sense is to have the following round of musical chairs: Have Salem sell 990 to Family Stations and try to buy WIP from CBS and put WNTP's programming on 610. CBS in turn could buy 106.9. I can't see FS buying 1340. Just some thoughts.
 
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