I hear Kevin O'Connell is no longer with the station...I can't understand why he was in the first place...Restaurant business slowing down?
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WECK/Breeze
- Thread starter jas2525
- Start date
G
GeorgeKramer
Guest
Kevin's son moved to LA to open another restaurant. Kevin and a few others are left to pick up the pieces at O'Connells in Buffalo and try and hire a new head chef.
G
GeorgeKramer
Guest
Frank Miller is good.
He isn't a big name talent, but he has the pipes and it sounds like he enjoys the job.
He isn't a big name talent, but he has the pipes and it sounds like he enjoys the job.
M
makeradiowaves
Guest
What a complete waste of a pretty good signal. Invest some money and make this local news-sports-weather!
makeradiowaves said:
Well, makeradiowaves, it appears you have joined our august group out of the blue. In response to your post, all I can say is that WECK's ownership has been there and done that. They tried a local talk format with some sports thrown in, and it failed. If you're suggesting Dick Greene pay to establish his own local news team, it ain't going to happen. He balked at throwing a few extra dollars Kevin O'Connell's way. What makes you think he would take on the great expense that a local news department would require? I'm already on record here in saying the Breeze is kind of refreshing to me, pun intended, because of its wide playlist. With a low-power FM signal that now covers most of Buffalo and its immediate suburbs from the HSBC Tower, perhaps the Breeze will see an increase in its ratings from the .5 it's been hovering around since Dick purchased WECK more than four years ago. Unfortunately, we might never know since Arbitron is no longer providing public numbers for stations that don't subscribe.
M
makeradiowaves
Guest
Phil -this station is a disaster - he is losing money on this station. He did a talk format which was half assed. He did not do a local news format. Atleast with that, it is much easier to sell to clients, and you can have a bit of a niche, and you can make some money to invest in better programming. Ratings should not matter to a station like "the breeze" They are never going to make money from ratings. They do not subscribe to arbitron, and even if they did, it would not matter. This is a station that should be using a much more local angle on and off air. He way overpaid for it, and the station is not cashflowing, and it will not resell for nearly what he bought it for based on cash flow alone.
From Alan Pergament's blog:
Is WECK radio is up for sale? My spies tell me that based on an item in a site called Radio for Sale that had this posted about a Buffalo station: “The Queen City is the 56th market, but it is #41 revenue. We have an excellent AM signal with an extremely well-engneered FM translator. The FM reaches over 750,000 people… IF it were a full FM it would be valued at over $3 million. The Price for the full-time AM with FM translator is $2.3 million.”
According to my spies, the only AM station that qualifies for that description is WECK, which currently carries a music format called “The Breeze.”
The same site lists for sale an upstate New York AM station that has been under local ownership for more than 25 years that my spies speculate is WLVL out of Lockport. The asking price is $495,000. WECK and WLVL are locally owned by Dick Greene.
Is WECK radio is up for sale? My spies tell me that based on an item in a site called Radio for Sale that had this posted about a Buffalo station: “The Queen City is the 56th market, but it is #41 revenue. We have an excellent AM signal with an extremely well-engneered FM translator. The FM reaches over 750,000 people… IF it were a full FM it would be valued at over $3 million. The Price for the full-time AM with FM translator is $2.3 million.”
According to my spies, the only AM station that qualifies for that description is WECK, which currently carries a music format called “The Breeze.”
The same site lists for sale an upstate New York AM station that has been under local ownership for more than 25 years that my spies speculate is WLVL out of Lockport. The asking price is $495,000. WECK and WLVL are locally owned by Dick Greene.
;DMaybe after the FCC revamps the rules to make AMs viable again...
spt87 said:
Usually radio station prices are a function of cash flow or earnings.
A radio station generally sells for 8-10x cash-flow or 1-2x gross billing. If that station is putting 250K per year in the bank, then you can justify the price being asked. In the consolidation days, stations were going for 11-17x cash flow.
I don't know the #'s for this station, so I can't offer an informed opinion. Then again, if I had the numbers I would be under NDA and couldn't share them.
Brian
You're too lowwwww. Another chance to play radio station sale hi-lo is coming again next hour. The asking price appears to be stick value. The station doesn't sound anywhere close to being sold out. The days of putting lipstick on pigs and selling them to "greater fools" are over, but you can't blame owners for trying. There was a time when the pray for pay operators might have kicked the tires on a station like this, but today in Buffalo, what outfit wants to take on Crawford's WDCX, a flame-throwing 100kw FM that will soon have a 5 kw AM sister, Catholic Radio's 101.7 and all the pray for pay FMs and translators that abound on the left side of the FM band.bmcglynn said:
bbb said:
Let's see: It was purchased in 2007 for $1.3 million in 2007 before the economy bottomed out. Even with the translator I can't see it commanding more than $1 million, and that's on a good day.
It's Buffalo, it's AM, it has a so-so signal, and what programming are you going to make money with?
"Just throwing this out there...."
Sabres owner, Pegula(?) spelling - may want
WGR and his own network...whereas, he can
have his OWN control on the ENTIRE station(s) and
have WGR ENCHANCE his coverage...
OR,
after I win the powerball, I will make an outrageous offer!
(LoL)
Sabres owner, Pegula(?) spelling - may want
WGR and his own network...whereas, he can
have his OWN control on the ENTIRE station(s) and
have WGR ENCHANCE his coverage...
OR,
after I win the powerball, I will make an outrageous offer!
(LoL)
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