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TJ 98.7

secondchoice said:
One has to ask how long until the station sells. IMHO it shouldn't be that hard to sell a station that covers the #1 market if offered at a reasonable price. Are there any "local" commercials yet? Sometimes you have to cut your losses and move on.
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Two things: As I've said several times, a big problem right now is getting financing. We all have seen several times how getting into debt leads to bankruptcy, and that has both killed the lending market, as well as caused companies to avoid debt. That means finding a way to get money without too many strings. I know of several potential sales that have been held up because of financing. We also don't know if the ownership rules will remain the same under the new administration. If one of the existing NY radio companies can add one more FM because the ownership rules have changed, that completely changes the marketplace for this station.

As for "local" commercials, this show is owned by a radio syndication company that is based in NYC. According to the LMA, they get 100% of the money this show gets from the commercials. How many are local or national doesn't really matter as long as the company is billing money based on the audience it reaches. They aren't subscribing to the local NYC book, so that tells me they're not selling it as a NYC station. They have this LMA until February. After that, it's anybody's guess. I would think that there are other folks who might like to do the same thing, which is be a short term operator rather than a long term owner. Emmis can probably wait one more year.
 
K.M. Richards said:
I hereby officially lobby the management to make any suggestion of EDM as a format an offense requiring a "time out" from posting.
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i second that emotion

er, sorry, you arent smokey robinson and the miracles
 
secondchoice said:
One has to ask how long until the station sells. IMHO it shouldn't be that hard to sell a station that covers the #1 market if offered at a reasonable price. Are there any "local" commercials yet? Sometimes you have to cut your losses and move on.
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The problem is that they're selling it for way too much! They have to lower the asking price for it to sell.
 
CTListener said:
Euro-influenced EDM has very little in common with the Latin-influenced dance music played on successful stations, anyway. EDM strips dance of its emotion and leaves only the thump-thump-thump remaining. Hispanic dance music is all about emotion.
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Good and important point.

Latin American music, like salsa, merengue, vallenato, cumbia and the like is not just dance music suitable only for clubs. Much of that music is historically related to the music of various regions of Africa which fused with Spanish influences in the Caribbean Basin.

The lyrics of much of the music have social and political flavorings, as well as the normal love songs, tunes about making a living and the challenges of life and death.

In other words, you can listen to and enjoy what some call "tropical" music as you wake up as much as you can dance to it at a club on Friday night.

Yes, there are some songs in Latin rhythmic music that are like "YMCA" or "Castles in the Sky" but most of it is, as you say, about emotion. I like your use of that term, and I am going to steal it for my own future posts!
 
DavidEduardo said:
Good and important point.

Latin American music, like salsa, merengue, vallenato, cumbia and the like is not just dance music suitable only for clubs. Much of that music is historically related to the music of various regions of Africa which fused with Spanish influences in the Caribbean Basin.

The lyrics of much of the music have social and political flavorings, as well as the normal love songs, tunes about making a living and the challenges of life and death.

In other words, you can listen to and enjoy what some call "tropical" music as you wake up as much as you can dance to it at a club on Friday night.
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I'm reminded of a video from Joanna Hausmann about how she wanted to play certain salsa songs at her wedding to her caleño husband and how awkwardly they would fit.

"How about 'Pedro Navaja' by Rubén Blades?"
"That song is about a double homicide between a serial killer and a downtrodden prostitute."
"Noted. What about 'Plástico'?"
"That song is about hedonistic materialism in Latin America's upper class and inequality."
"Cool. Not romantic. All right, what about 'La Rebelión' by Joe Arroyo? We love that one."
"The lyrics are about the violent subjugation of black slaves in the 1600s."
"So Marc Anthony or..."
 
mets18 said:
You are correct. We don't know. But it is an asset that has been publicly for sale for a year with no buyer. It is a pretty reasonable assumption to make
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Read what I said in post 181. How many big station sales have you seen lately? Money is tight. Nobody wants to get more debt.

Why would anyone let a valuable asset go at fire sale prices when if you just wait until 2025, the ownership rules might change.

Smulyan laid out the timeline. He has at least another year. In the meantime, people are paying him for an LMA.
 
mets18 said:
You are correct. We don't know. But it is an asset that has been publicly for sale for a year with no buyer. It is a pretty reasonable assumption to make
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I'm an Emmis shareholder, and I agree with you. The asking price is too high, and unless the FCC allows groups to own more FM's in a market, is just unrealistic.
 
TheBigA said:
Read what I said in post 181. How many big station sales have you seen lately? Money is tight. Nobody wants to get more debt.

Why would anyone let a valuable asset go at fire sale prices when if you just wait until 2025, the ownership rules might change.

Smulyan laid out the timeline. He has at least another year. In the meantime, people are paying him for an LMA.
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Wait for radio station valuations to go back up. Seems like a sound strategy.
 
CTListener said:
Not if the advertising slump proves to be a death spiral. Print has yet to rebound from a decline that started nearly 30 years ago. What makes you think radio will?
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Print will never rebound. Younger people do not read newspapers or magazines. Print media is a "dead man walking."
 
mets18 said:
Wait for radio station valuations to go back up. Seems like a sound strategy.
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So you like the fire sale approach? You think that's a sound strategy? Even at $50 million, he's taking a huge loss based on what he paid. We don't know what offers he's received. Likely none of them at $50 million.

Would you take a $25 million offer from VCY or Sacred Heart rather than wait a few months for a slightly higher offer from iHeart (once the rules change). What's the big rush?
 
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