CBS is now owned by a tech bro who probably doesn't even own a radio.
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WABC launches "Worldwide News Network"
- Thread starter Rollo-Smokes
- Start date
CBS is now owned by a tech bro who probably doesn't even own a radio.
There are eight other options, and they all have more heritage and better contacts that this. I can't imagine any radio station paying money for TOH news. Unless it's free, there's no reason to carry it. And if it's free or just two spots an hour, it won't make enough money to make it worthwhile.
Exactly. It was losing money. You can't pay all those people on two spots an hour.
What are the other eight options charging? More than two spots an hour?
Cats isn't known to be totally focused on money. If this gives him a nationwide or maybe worldwide presence perhaps that's enough for now. It could ultimately pay off in different ways.
Look, the reality is if you get some (or all) of your groceries at a Gristedes store, or one of the other stores he controls, or you heat your house with fuel oil that you get from his oil company, you are indirectly helping to subsidize WABC and the other Red Apple ventures like "WNN".
The supermarkets (Gristedes and D'Agostino's) and Red Apple Media are probably all being subsidized by Catsimatidis' real estate holdings and his oil business.
What's likely to happen is WWN will be on some no-audience AM stations. If it's on 50-60 stations that have no listeners, is that enough of a "nationwide presence" to matter? I think not. But it's more than what he'd get from just the stations in NYC.
Did anyone else catch this last line from the Radio Insight article regarding the launch of WNN...
"We’re looking forward to our expansion in the European markets.”
Yikes! It is about world domination!
"We’re looking forward to our expansion in the European markets.”
Yikes! It is about world domination!
We'll see. Time will tell.
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Cats has said he wants to be like the BBC.
(Not that BBC, but the one across the pond. 😉)
The president is suing the BBC.
Trump hammers BBC saying corporation is 'another fake outfit'
Mr Trump also said the Corporation 'don't know what to do' about a multi-billion lawsuit he has filed for defamation.
Cats has been successful with WABC:
New York Talker WABC Leads America’s Top 10 AM Stations.
Since Red Apple Media took over the ownership of New York talk station WABC, it’s become the top-ranked AM-exclusive outlet in the market. Now it tops Inside Radio’s TOP 10
Cats has been successful with WABC:
New York Talker WABC Leads America’s Top 10 AM Stations.
Since Red Apple Media took over the ownership of New York talk station WABC, it’s become the top-ranked AM-exclusive outlet in the market. Now it tops Inside Radio’s TOP 10www.insideradio.com
it wouldnt be without his money.
I wanna see how much t5he expenses are every month, how much it bills, how much they can collect on and how much hes put in it every month
Very fair point, but sometimes it takes operating at a loss while tweaking the product for a company to achieve success. Not saying that's necessarily the case here but time will tell.
Keep in mind that success for Cats is being able to do what he wants. That's not the same as making money.
I don't think he WANTS to lose money.
But the truth is, he is. No use trying to sugarcoat that.
Catsimatidis isn't making money on his supermarkets either. As I was editing last week's Cats Roundtable program, I heard him mention that he hasn't run Gristedes or D'Agostino "in about 10, 15 years". Both could do better with new ownership, but he won't sell them probably because he likes the tax write-off he gets. It's the same with WABC.
**Cats also told on himself by mentioning that his good friend president 47 "gave him the mission" to get Curtis Sliwa off the ballot in last year's NYC mayoral election, and when that didn't work 47 told Cats to support Andrew Cuomo instead. Not that this matters now, but it was interesting and not surprising to hear.**
iHeart, Cumulus, and Audacy don't WANT to lose money either. But they do.
He is a rich ideologue with an agenda. There are a lot of them around today. Money means nothing to them.
What's this idea that if you lose money on one business venture that it yields a benefit to an owner's other businesses?
All business expenses are a "write off" and whatever is left over after those expenses is profit. If you make $1 million in one division and loose $500,000 in another, your net income is $500,000. So why would you purposely mismanage one division?
On the other hand, a "write off" is beneficial if you close a business or location as in many cases things like "under-depreciated assets" can immediately be expensed. But that only works when you shut a business or branch or division down,.
And who, today, would want to own a market chain in NYC? The industry typically has 1% to 3% profit margins and the NYC metro is notorious for being a very difficult market for that branch of retail.
Crisis talks at Britain's Independent Radio News as station after station rips up 40-year-old network news contracts to go with WNN!