Wbls wlib to emmis!!!!!!

[thebeach33445]

I can't believe what i just read on all access, wbls and wlib to emmis!!!! Isn't emmis the company that murdered 98.7 kiss fm??? Are you kidding me!!! And you have to read the quote the ceo to emmis said!! I almost wanted to throw up my dinner.

T.j.

 

[pjc1961]

Emmis press release announcing the $131 million sale of WBLS/WLIB from YMF Media to Emmis (LMA to begin around March 1, 2014):

http://www.emmis.com/Press/story.aspx?ID=2122796

 

[Unregistered]

Actually it is genius.

Emmis' 3 station cluster is under-performing. They sell 101.9. Ka-ching.

WBLS, run by a former Emmis manager, is cleaning KISS' clock.

They sell the intellectual property of KISS to YMF who owns WBLS creating a market monster. At the same time they rent the KISS studios to WBLS. The cash register rings again.

They buy WBLS and replace their manager with the WBLS manager.

 

[955wdhf]

I Don't think there will be any big changes if any to WBLS. That station is a true heritage station in the New York market, and is doing very well. Now, WLIB on the other hand might be a different story.

 

[BiggieFats]

I imagine Percy Sutton must be rolling in his grave. After Emmis bought Kiss back in the 90s, he called both Kiss and Hot 97 "plantation stations."

 

[aaronwaisler]

RE: wbls wlib to emmis!!!!!!

I am surprised Emmis could afford this because, according to my radio professor who used to be a morning DJ at a former Emmis station here in New York, Emmis has, for the longest time, had financial problems. To quote my professor directly, "Emmis has no money!". It will be interesting to see what they do with these legendary stations once they gain FCC approval (unless the FCC has already approved it?). Knowing the radio industry, there will probably be some layoffs and cost-cutting. I guess we'll see