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Two Destin area AMs for sale

J

Jeff_Davis

Guest
WNWF for $255,000

WDSP for $699,000

I know AM is tough in the sand, but are these stations viable?
 
May I offer two words: run like hell. References available. What great radio stations did you work at on the Panhandle?

Let's just put a few things together:

I know these are mid-80's prices, but the market hasn't grown that much and the prices for AM tin cans are now worth old FM prices?

WEBZ FM - $250,000 - okay a decent deal
WPFM FM - $600,000 - bankrupt several times, still not producing Jack
WWSF FM - $650,000 (mid 90's) - made money one year and a half, thank you - as Classic Rock - tanked by morons, or less, thereafter
WMMK FM - $795,000 - I dunno, may be close to being profitable +/-. Depends on who really owns it.

I can add many more to the list, but it makes me feel ILL. These are just some of the first things that came to mind. Now, can I forget.

They were on the air and had audiences. WNWF is daytime only. WDSP - $700,000 CASH! Multiples like 1,000 years. If you have the cheese.
Move out of state and never dial any number in the area code again.

Final tip: ask an engineer.
 
WDSP is in DeFuniak Springs...NOT Destin....someone trying to pull a fast one....this sand doesn't do anything for AMs....no ground conductivity....it is high in the band (1280), that don't help either......granted, they have a CP (unbuilt) to move to Freeport....but calling it a Destin station? Give me a effing break! You won't be able to hear it in Destin for the line noise from all the power lines and condos.
 
Charlie -- wasn't the daytimer (1120?) the old WBZR that took forever to get on the air? I think it's fallen flat on it's aSS
over and over. I seem to remember it being available for like $10,000? Maybe that was payments for 100 years. Anyone
willing to loan $689,999.00 to help me put the deal together with me making the $1 investment I think it's worth? I remember
getting a call from the guy trying to get 1120 on the air (seems like a preacher or non-profit?) and hanging up. Almost as
fun as dealing with Mr. Law Suit. And as for WDSP, if I recall semi-correctly, last time I remember it, wasn't there some
fairly young hotshots running it as standards or something, then they flipped it and then tried to sell it, etc? Good grief,
I'm willing to sell a Seaside house for like $34 Million. You'd make more money trying to rent that. What are those 'people'
thinking? Can rob even pick these stations up? He's the only AM listener down there.
 
nope. the only thing that comes in is 1260 (day) and WWL (day and night) with that famous RR ID

We need a 100KW (FM) station here that airs coast to coast am as 93.7 only comes in on occasion.
I hear a contender.. 98.1 the ticket... (yea..right)

[me=robfwb]waits[/me]

-Rob
 
A few years back you could have bought the AM 1120 in Destin,and 1340 Valepraiso,or however you spell that town for the same ball park figure financed.
 
I believe a fellow named Willie Martin was one of those involved in starting up the 1120 in Destin.

Martin and Carl Auel (sp?) out of Sacramento, CA had another CP to build a 5 kw AM/250-w-N on 1160 near Woodville, just outside of Tallahassee. It never got off the ground. I went to look at the public file a few years after the CP..it was in Woodville Elementary School. The secretary made a copy of it, and told me, "You are the only person ever to look at that thing." She didn't think too highly of "those hot shot folks from California."
The CP subsequently expired and was never built, and now never will be as there's a newer application to build
a station on 1180 in Havana, FL.

They appeared to be attempting to get CPs, build them and then sell them off. At least, that's what it looked like from their other interests in the public file.
 
I have no interest in buying either of thos stations, because I can't judge a market by vacationing there one week per year. Plus, I have a job here in Cincinnati.

A friend asked me about them and I said that AM there is pretty hard due to the conductivity. I have heard 1120 and thought it soundned like a typical news/talk station, but that was a year or so ago.

What do you guys HONESTLY think it's worth? What would you do with it, aside from turning it into a Dairy Queen?
 
Jeff_Davis said:
I have no interest in buying either of thos stations, because I can't judge a market by vacationing there one week per year. Plus, I have a job here in Cincinnati.

A friend asked me about them and I said that AM there is pretty hard due to the conductivity. I have heard 1120 and thought it soundned like a typical news/talk station, but that was a year or so ago.

What do you guys HONESTLY think it's worth? What would you do with it, aside from turning it into a Dairy Queen?

1120? Well... assuming no cash flow & very little billing ($5K a month?), it comes down to whatever the market will bear. Maybe $75,000? I believe it's too close to KMOX to ever get night authorilty in Okaloosa. Theoretically one might be able to grab it and file a COL change application for somewhere down the Florida peninsula where the adjacency puzzle would allow you to fire up a 50KW fulltimer with a Christmas-tree-farm directional array for the night rig. Kinda depends on how much money you want to piss away...
 
What this area needs is a 5KW station on 530 or 540 non directional 24/7 or even 560 or 580 though 570 would be hard because of a certain cuba station leaking 150KW.

Are we supposed to be dependent on Atlanta or WWL?
Looking at some of these stations they tend to cover more water then land which is rather stupid if you ask me.

-Rob
 
rob wrote: What this area needs is a 5KW station on 530 or 540 non directional 24/7 or even 560 or 580 though 570 would be hard because of a certain cuba station leaking 150KW "

Again rob,you are showing our ignorance for FCC rules...the US AM band starts at 540....we can't put a station on 530.....540 is already taken in Columbus GA and Orlando FL (plus others)....you can't put a Non-Directional on 540 and protect those stations PLUS you have adjacent stations in the area on 550....560 is Dothan, 580 is in Orlando....

Rant mode on:
Rob....you need to spend some QUALITY time at www.fcc.gov and read up on the FCC rules related to broadcasting before you spend so much of everyone's time on this board throwing out such junk posts.

Rant mode off:

wooten
 
1120's tower is also inefficent and too short for the frequency, it's diplexed(shares the tower) with 1340, whichis owned by the 1120 folks. The tower 1120 and 1340 are on isn't even owned by either radio station.

1280 has no CP or APPlication to move, it did have a CP to go to 9KW with a 2nd tower from Defuniak Springs, but that expired.. unbuilt.
 
SEVERAL people applied for 570 and all the applications are MX'ed(tied up together).
 
smedge2006 said:
What about trying to move the 550 from Pensacola?

I think the owner of 550 is (or was) trying to move it to Mobile.
Why bother moving an AM to Fort Walton? They aren't using the ones they have.
 
this area is losing money because of ivan. not too many tourists anymore.

indeed sad.

-rob
 
Because it takes robs horse and carriag 72 hours to travel down Hwy 98???

Hey. speaking of Hwy 98 --- where does 98 stand with Ron Hale???
 
Your stuck in traffic because people don't know how to drive. Thinking moving from one lane to the next will get them faster when it makes it worse.

Also, there's a lot of locals and this area is growing. I wonder if the air force base will let us build another public road and call it highway 98 1/2???? (yea.. right)

My horse gets about 25 miles per gallon. Hay was about $2.69 in Freedom Road next to the apartments/condos for sale.

-Rob
 
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