Zach said:I got word that WENN has been off the air since around the start of November. Anyone know what's going on? The AM side seems to be spending more time off air than on.
J Alex Bowab said:On the subject of WAYE being off the air: Broadcasting & Cable magazine is running a For-Sale-By-Owner (No brokers) ad listing WAYE ($700,000), plus WGRM A/F Greenwood Ms ($1.5M), and stations in Atlanta, Kinston NC, and Edenton NC. These are stations in Bishop Levi Willis's portfolio.
I had brief negotiations in 1991 to sell my Mobile station to him ... he's quite a character, and has had his problems with FCC rule compliance over the years.
I sold my station in 1992 and have been on the sidelines since, but I cannot imagine $700K for a 1 kw daytimer in Bham that is off the air... and I'm quite familiar with Greenwood MS since that's my mother's hometown ... and $1.5 for that combo requires a lot of imagination.
Tom0B1 said:Sec. 74.1263(b)
An FM booster or FM translator station rebroadcasting the signal of an AM or FM primary station shall not be permitted to radiate during extended periods when signals of the primary station are not being retransmitted. Notwithstanding the foregoing, FM translators rebroadcasting Class D AM stations may continue to operate during nighttime hours only if the AM station has operated within the last 24 hours.
rfburns said:J Alex Bowab said:On the subject of WAYE being off the air: Broadcasting & Cable magazine is running a For-Sale-By-Owner (No brokers) ad listing WAYE ($700,000), plus WGRM A/F Greenwood Ms ($1.5M), and stations in Atlanta, Kinston NC, and Edenton NC. These are stations in Bishop Levi Willis's portfolio.
I had brief negotiations in 1991 to sell my Mobile station to him ... he's quite a character, and has had his problems with FCC rule compliance over the years.
I sold my station in 1992 and have been on the sidelines since, but I cannot imagine $700K for a 1 kw daytimer in Bham that is off the air... and I'm quite familiar with Greenwood MS since that's my mother's hometown ... and $1.5 for that combo requires a lot of imagination.
L.E. Willis Sr. passed away in 2009. I have been told that his son L.E. Willis Jr. is in charge of Willis Broadcasting. You are right about the asking prices - I have a feeling they will be on the market for a long time at those asking prices.
RFB