WDJO and BMI Music Fees

[jry]

1320 unless I'm mistaken and it's not for sale. I wasn't aware that 1480 is on the market until an earlier poster said they thought it was.

Yes, those are the two. I've been pitched 1320 a couple of times. I am sure Tim would love to sell it.

 

[microbob]

The third would be 910AM that NKU is stuck trying to sell with out a buyer in sight.

 

[Bizman]

What's the asking price on 910? I thought they had a few potential buyers several months ago, but it was never sold.

 

[microbob]

They were wanting 5 million. I'm sure they would sell it for less than that now.

 

[jry]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

 

[microbob]

Ok thanks, I thought they were asking an outrageous price after they purchased the group from Braden.

 

[Bizman]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

Thanks jry. That must not include the building, grounds and stick.

 

[jry]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

Thanks jry. That must not include the building, grounds and stick.

Nope. The whole enchilada.

 

[Bizman]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

Thanks jry. That must not include the building, grounds and stick.

Nope. The whole enchilada.

jry, if that's true I'm surprised you don't jump on it. The studios are old from what I hear. They must not have updated them since I help construct them 30 years ago. There is several acres of prime land if a person was inclined to move the stick. The 100 watts at night is a killer and small merchants supporting the station in Middletown are a thing of the past. There was Christian programming on at one time.

What are they asking for WDJO?

 

[jry]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

Thanks jry. That must not include the building, grounds and stick.

Nope. The whole enchilada.

jry, if that's true I'm surprised you don't jump on it. The studios are old from what I hear. They must not have updated them since I help construct them 30 years ago. There is several acres of prime land if a person was inclined to move the stick. The 100 watts at night is a killer and small merchants supporting the station in Middletown are a thing of the past. There was Christian programming on at one time.

What are they asking for WDJO?

I had Munn Reese do a work up. 910 on one of our existing sites. It's not pretty, so i passed. Conversely, that site doesn't do much for what i currently hold.
I really am thinking about how i could get some FM support for what i have now (meaning simulcast).
The last number i heard on DJO was in the 600K range. Way out there, IMO.
Frankly, i can think of three AM's that could disappear and not many would miss it. That would stabilize the market. There are not enough formats to fill all of the available signals.

 

[Lamont Lester]

Frankly, i can think of three AM's that could disappear and not many would miss it. That would stabilize the market. There are not enough formats to fill all of the available signals.

Preach it, Brother.

 

[microbob]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

Thanks jry. That must not include the building, grounds and stick.

Nope. The whole enchilada.

jry, if that's true I'm surprised you don't jump on it. The studios are old from what I hear. They must not have updated them since I help construct them 30 years ago. There is several acres of prime land if a person was inclined to move the stick. The 100 watts at night is a killer and small merchants supporting the station in Middletown are a thing of the past. There was Christian programming on at one time.

What are they asking for WDJO?

IMO.
Frankly, i can think of three AM's that could disappear and not many would miss it. That would stabilize the market. There are not enough formats to fill all of the available signals.

Unfortunately, I think you're right. It's just a shame that the signals couldn't be strung together as a network, like the group that owns the Classic Country small signaled AM's in the Xenia/Dayton OH area. I'm not saying do that same format but maybe a Oldies or TRN,NBC Sports, that could simulcast each other except for maybe High School Sports and other local programming in each area.

 

[Bizman]

They were wanting 5 million. I'm sure they would sell it for less than that now.

No... not 5 million. A few hundred thousand. I remember something about them willing to take 3 or 4 hundred K.

Thanks jry. That must not include the building, grounds and stick.

Nope. The whole enchilada.

jry, if that's true I'm surprised you don't jump on it. The studios are old from what I hear. They must not have updated them since I help construct them 30 years ago. There is several acres of prime land if a person was inclined to move the stick. The 100 watts at night is a killer and small merchants supporting the station in Middletown are a thing of the past. There was Christian programming on at one time.

What are they asking for WDJO?

I had Munn Reese do a work up. 910 on one of our existing sites. It's not pretty, so i passed. Conversely, that site doesn't do much for what i currently hold.
I really am thinking about how i could get some FM support for what i have now (meaning simulcast).
The last number i heard on DJO was in the 600K range. Way out there, IMO.
Frankly, i can think of three AM's that could disappear and not many would miss it. That would stabilize the market. There are not enough formats to fill all of the available signals.

Apparently 910 is one of those that no one would miss. I'm thinking DJO is another. I guess they're trying to break even. Those days are long gone.
I think you're smart for thinking FM. That's what the younger audience wants. When the Boomers are gone, so is AM. IMO.

 

[jry]

Stringing some of these together would be a good experiment. The overlap rules might be a problem. Maybe the Commission should amend them. It would be like the guy that rims a market with a few class a FMs or having strategically placed translators throughout a market.

AM is still viable. My AMs are doing well, but my FMs are doing even better. Hence, then reason why i am mulling this over.

The latest "Niche Format" article that appeared in Inside Radio or Taylor was hopeful as far as AM is concerned.

I think the big problem with a lot of operators, big and small, still has to do with the incredible amount of debt that they've racked up. It is hard to be very creative, take format risks, etc, when you have the banks breathing down your neck.

 

[partymarty]

JRY. Agree! There is a business there on AM. But stations like WDJO and WPFB need to be priced in the low 200s to have any upside. I don't see that capitulation on pricing coming soon. You?

 

[pioneer71]

I am sure the owners of WDJO and WPFB need to get more than $200,000 out of each station. As martyparty said there is
AM business out there. WDJO is a mystery why it has been failing though. They had Rodger and Brian Kauffmann selling it and they know how to sell radio. However, they have failed. Why would some one else be succesful where they have failed? I can tell you that since Marty has left the station, there is only Ted M. worth listening too.. The music mix is terrible now and the station sounds stale and is boring.

WPFB can make money. Why? If you understand the market you would know why you can do solid AM Radio business. As I said before you need people who understand AM radio to make it a success. JRY has had success and I know how you can take a station like this and make money. Give WNKU a break as owners of WPFB. They don't have the experience with AM Radio.
If I had the money I would buy WPFB in a minute and not only make money with the station but service the market well.

Buying WDJO is a real big gamble though.

 

[stereolane]

I am sure the owners of WDJO and WPFB need to get more than $200,000 out of each station. As martyparty said there is
AM business out there. WDJO is a mystery why it has been failing though. They had Rodger and Brian Kauffmann selling it and they know how to sell radio. However, they have failed. Why would some one else be succesful where they have failed? I can tell you that since Marty has left the station, there is only Ted M. worth listening too.. The music mix is terrible now and the station sounds stale and is boring.

WPFB can make money. Why? If you understand the market you would know why you can do solid AM Radio business. As I said before you need people who understand AM radio to make it a success. JRY has had success and I know how you can take a station like this and make money. Give WNKU a break as owners of WPFB. They don't have the experience with AM Radio.
If I had the money I would buy WPFB in a minute and not only make money with the station but service the market well.

Buying WDJO is a real big gamble though.

WPFB would be a big gamble as well. If there's money to be made on that station, it won't be coming from Middletown. Take a drive through there, and look at all of the vacant stores and shopping centers. It's a sad, economically defeated place. Outside of high school sports, I don't see how WMOH is paying the bills in Hamilton... maybe the owners are eating "Richard's Pizza" for breakfast, lunch, and dinner.

WDJO would be better off with a classic R&B format, similar to "900 Gold" WATV Birmingham. It covers all of those zip codes very well, and that's great music you can't hear anywhere else.

 

[Bizman]

jry,

I'm thinking WCVG, WMOH, WDJO, WPFB, WCNW ? Ops you only said 3. Guess there is more duplication and there are more stations that "could just go away" and they wouldn't be missed.

Besides wouldn't like some of the competition to "just go away"?

 

[KFodor]

And remember, too...

Though I do believe the WBZI triplets are making money, it's LOCAL advertisers.

At the typical 1.0 - 1.4 share they get, I can't imagine the agencies are beating down their doors that much...

 

[jry]

Wow. Lots of good, solid, discussion going on here.

Frankly, if the station is without debt, you can do lots of format experimentation.

All comedy, TRN news, classical....
The main thing is promoting whatever you are going to do.

As far as values and selling prices? 200 grand beats "dark" and no license. It may get to the point where these operators
decide to cut their losses and get something for their trouble.

Its like my experiment with WQRT. I gave it a good, three year run. Promoted the snot out of it and, frankly, losing Ramsey was the beginning of the end. That show can be a solid anchor with which you can build a format and audience with. I think our best times were when we had him and Dr. Laura on, together. Ingraham and Ramsey made a good combination. I did get a peek of some of those PPMs. They weren't shabby. Ramsey hit some of the numbers that we were hoping for. Reminiscent of the old WBOB days. The CUMES were starting to bite in to Hannity. Hence the reason why KRC courted Dave, hot and heavy. I really expected them to dump him when WQRT went off. Of course, my Christian formatted stations air Dave and i am sure that KRC knows that we have a long standing friendship and wouldn't think twice about clearing him on WCVX.