WAXZ Sold, and 97.3's PD is out.

[justanobserver]

From R&R:

Ohio
WAXZ-FM/Georgetown (Cincinnati)
PRICE: $60,294
TERMS: Asset sale for cash
BUYER: Gateway Radio Works, headed by President/Treasurer Hayes McMakin. Phone: 859-498-5608. It owns three other stations. This represents its entry into the market.
SELLER: First Broadcasting Investment Partners, headed by Pres /Vice Chairman Gary Lawrence. Phone: 214-855-0002
FREQUENCY: 97.7 MHz
POWER: 5kw at 351 feet
FORMAT: Classic Hits

You'll recall that First paid $4 million for WAXZ and WAOL (and $5.6 million for WOXY). That's one hell of a return on that investment, eh?

Shaggy/Jeff Nagel has left 97.3, according to a trade to "spend more time with family". GM Mike Fredrick is accepting resumes.

 

[techie]

> From R&R:
>
> Ohio
> WAXZ-FM/Georgetown (Cincinnati)
> PRICE: $60,294
> TERMS: Asset sale for cash
> BUYER: Gateway Radio Works, headed by President/Treasurer
> Hayes McMakin. Phone: 859-498-5608. It owns three other
> stations. This represents its entry into the market.
> SELLER: First Broadcasting Investment Partners, headed by
> Pres /Vice Chairman Gary Lawrence. Phone: 214-855-0002
> FREQUENCY: 97.7 MHz
> POWER: 5kw at 351 feet
> FORMAT: Classic Hits
>
> You'll recall that First paid $4 million for WAXZ and WAOL
> (and $5.6 million for WOXY). That's one hell of a return on
> that investment, eh?
>
> Shaggy/Jeff Nagel has left 97.3, according to a trade to
> "spend more time with family". GM Mike Fredrick is accepting
> resumes.
>

Probably part of the reason for the low price is "other considerations" (i.e. paying off Gateway). Note in the following:

http://svartifoss2.fcc.gov/cgi-bin/...t=Retrieve+Document+List&id_proceeding=04-411

that Gateway filed a competing allotment request against the First Broadcasting application...and then subsequently withdrew it. Hmmmm....

 

[titoisradio]

> From R&R:
>
> Ohio
> WAXZ-FM/Georgetown (Cincinnati)
> PRICE: $60,294
> TERMS: Asset sale for cash
> BUYER: Gateway Radio Works, headed by President/Treasurer
> Hayes McMakin. Phone: 859-498-5608. It owns three other
> stations. This represents its entry into the market.
> SELLER: First Broadcasting Investment Partners, headed by
> Pres /Vice Chairman Gary Lawrence. Phone: 214-855-0002
> FREQUENCY: 97.7 MHz
> POWER: 5kw at 351 feet
> FORMAT: Classic Hits
>
> You'll recall that First paid $4 million for WAXZ and WAOL
> (and $5.6 million for WOXY). That's one hell of a return on
> that investment, eh?
>
> Shaggy/Jeff Nagel has left 97.3, according to a trade to
> "spend more time with family". GM Mike Fredrick is accepting
> resumes.
>

60,000??? Damn If i knew I could have got the station for that price I would have purchased it.