Does WEPN own the play-by-play rights to any of New York's professional teams?
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WEPN 98.7 To Be Sold Next Year?
- Thread starter Barry
- Start date
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Knicks & Rangers via MSG Radio.
It's competitive in certain dayparts. Michael Kay's afternoon show does very well.
The station is more than just a satellite feed of ESPN.
The Jets are on WEPN-FM (98.7). WEPN (1050) has Jets play-by-play coverage in Spanish.
New York Jets Radio Information
Again: this is not a horse race or a baseball game. In a market the size of New York, there can be 20 or more "winning stations" that make significant money. Sure, some make more, but likely have higher expenses. And then there is a second tier of stations, mostly AM, that don't appear in ratings and don't even buy them but which carry ethnic or religious or paid programs and those make good money, too.
In the New York City market, we also have a bunch of suburban stations, such as out on Long Island and to the north, far west and SW of the market center. They don't compete in the whole market, but make very good money serving large suburban areas.
In the radio business, performing "well" is based on revenue and profit. Remember, for its first two decades or so, WFAN was never higher in ratings than 15th, but was always #1 in revenue.
Incorrect on both accounts.
1. Kay's show had a few good books–they've even beaten WFAN a couple of times–but it's traditionally been far, far behind whatever has been against it on the FAN. We'll see if that changes as Kay and Co. now face-off against Evan Roberts and Tiki Barber. (IMO, the Kay show can sound better and be more focused if they rely less on extraneous chatter and dump Peter Rosenberg, who brings very little to the table. How they let Rosenberg lead the show instead of Don LaGreca when Kay is off is mind-boggling.)
2. WEPN-FM has more local programming and is not a satellite feed of ESPN Radio. That distinction belongs to WEPN (AM), which has run the national feed ever since ESPN Deportes shut down a few years ago.
That's what I said.
I misunderstood your line, so apologies. But I wouldn't have used the term "satellite feed", that was confusing.
KLAA in the Los Angeles market programs ESPN Radio in all dayparts outside of its one daily, non-brokered local program, weekend brokered shows and public affairs, and Angels baseball (the station is, in essence, owned by the team itself). That would make them more of an ESPN Radio satellite.
And it is an Orange County suburban station. It's 15 mV/m signal barely covers South Central well.
I asked about both for this specific reason. At the end of the day, it is about revenue. Ratings was an added interest. Thanks for the explanation.
I didn't think of it like that.
Good Karma Brands is a private company and doesn't publicize its financials. However, they think enough of this station to take over the LMA from Disney, and they have also been contracted to handle ad sales for ESPN Radio. So there's more going on than simply the revenues of one station.
By the late 1980s, however, RKO General was forced out of the broadcasting business when the FCC began revoking its licenses to its radio and television stations in New York, Boston and Los Angeles because of gross misconduct and lack of candor on the part of its corporate parent, the General Tire and Rubber Company.[8] Having already been stripped in 1982 of its license to WNAC-TV in Boston, RKO was left with no choice but to break up its broadcasting unit.[9] In New York City, RKO's three stations were sold to different companies during a two-year period beginning in 1987. Two years after WOR-TV went to MCA (and renamed WWOR-TV), on June 26, 1989, RKO sold WRKS to the Summit Communications Group of Atlanta.[10] Around the same time, WOR radio was sold to Buckley Broadcasting.
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If you read back in this post, you will realize that Summit Media is not the same as Summit Communications Group. That’s what David is referring to.
Not to mention a cut-and-paste from Wikipedia. Put it in your own words, at least.
Update on Emmis sales of NY stations:
www.insideradio.com
He explains that they will take the company private by selling WEPN and WLIB.
Stockholders OK Jeff Smulyan’s Plan To Take Emmis Private.
Shareholders of Emmis Corp. have given CEO Jeff Smulyan the greenlight to achieve his long-desired goal of taking the company private. During its annual meeting Tuesday in Indianapolis, stockholders voted
He explains that they will take the company private by selling WEPN and WLIB.
The bids have to be for the FM... only person I could see wanting WLIB outside of a religious/ethnic broadcaster is Catsimitidis for that pie in the sky oldies AM station he's been pining for.
I stand by my initial assessment that GKB probably would not get the rug pulled out from underneath them and that sports on 98.7 is a lock unless more info comes to light.
I stand by my initial assessment that GKB probably would not get the rug pulled out from underneath them and that sports on 98.7 is a lock unless more info comes to light.
You see what's about to happen to WVOX?
I think the same thing will happen to WLIB: Donation, followed by a sale. Catsimatidis already has his tax write-off with WABC.
Remember, in business every expense is a "write-off" as all expenses are deducted from gross income to get the net taxable profit.
In the case that WABC does not make money, then all that happens is that Catsimatidis has a lower taxable net income. He pays less in taxes, but makes less money.
Sure, there are expenses that have to be amortized and other considerations but my point is that losing money on operations is also losing profit you can take home.
On the other hand, if you bought a station for, let's say $2 million and donate it to a non-profit, you are essentially converting the asset into a donation and the $2 becomes a business expense.
Again, much more complex in reality and that is why companies have accountants, CPAs, auditors and tax attorneys. My point is that you and I as individuals can only deduct a few things from our income on a 1040, but companies "deduct" all their expenses.
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