They're $2 billion in debt and already at the FCC ownership limit. iHeart is $10 billion in debt and already at the FCC ownership limit.
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WEPN 98.7 To Be Sold Next Year?
- Thread starter Barry
- Start date
They're $2 billion in debt and already at the FCC ownership limit. iHeart is $10 billion in debt and already at the FCC ownership limit.
This article says Emmis had negotiations with Good Karma, and they weren't successful. And that the price is $50 million.
Ahead of Station Sale, Good Karma To End LMA Of WEPN-FM And Move ‘ESPN New York’ To AM Next Year.
With Emmis Corp. planning to divest its final two radio stations – WEPN-FM and WLIB-AM New York – Good Karma Brands will move the programming currently airing on “ESPN New
They might accept a few million less, but that's about it.
The other question, why is this going to take nearly a year
Because Good Karma has a lease until then.
Didn't Family Radio get $50M from the sale of their AM tower land? Not that I want to see them spend it on this prime NYC FM signal but honestly the way things are going in radio these days, another religious operator swooping in on it would be the least surprising outcome.
…they’d never have agreed to merge into CBS Radio. But here we are.
15th and ratings but not in their target demo. If they were 15th in Men 25/54 they wouldn’t be the top biller. As someone that works in the demo, we don’t even look at anything else.
They've been downsizing too.
Trying to think of the last singleton station sale for more than $50 million. I'm only coming up with WBEB/Philly, which was a market leading station that sold in 2018.
If Good Karma Brands isn't buying, that lowers the value of WEPN quite a lot -- only GKB has an ongoing business. Anyone else would have to bid with months/years of uncertainty in mind, while they build a new format.
If Good Karma Brands isn't buying, that lowers the value of WEPN quite a lot -- only GKB has an ongoing business. Anyone else would have to bid with months/years of uncertainty in mind, while they build a new format.
A couple months ago, RadioInsight's Lance Venta hinted at a rumored potential deal between two broadcasting companies that would combine four stations; could that possibly be in play here?
From July 6, 2023:
The potential companies involved:
mediacoholding.com
www.spanishbroadcasting.com
From July 6, 2023:
The potential companies involved:
MEDIACO HOLDING INC.
mediacoholding.com
New York - Spanish Broadcasting System
Beasley’s not buying stations in market #1.
I just bought some tix for next Saturday night's Mets/Phillies game. The Mets "list price" is $85 apeice. I got them from a "secondary market" app for $50. Meaning, you can ask whatever price you want. The price you get is what the buyer is willing to pay,This article says Emmis had negotiations with Good Karma, and they weren't successful. And that the price is $50 million.
Ahead of Station Sale, Good Karma To End LMA Of WEPN-FM And Move ‘ESPN New York’ To AM Next Year.
With Emmis Corp. planning to divest its final two radio stations – WEPN-FM and WLIB-AM New York – Good Karma Brands will move the programming currently airing on “ESPN Newwww.insideradio.com
They might accept a few million less, but that's about it.
Connoisseur already had 5 stations in the NYC Metro. Long Island is an ebedded market within the NYC metro.
Would that count against them? What about IHM in Sussex? Technically that should count against them no?
Sussex County is not in the NYC Metro Survey Area.
Nassau and Suffolk are in the market.
I believe that the top 3 markets are THAT expensive to buy. Beasley said it's too expensive to buy stations in New York, Los Angeles, and Chicago which is why they are buying smaller markets (Boston and Philadelphia for example).
Those definitions are irrelevant to radio ownership limits imposed by the FCC.
Sussex County is not part of the Nielsen determined Metro Survey Area. The FCC uses the Nielsen market definitions to determine the number of stations an owner may have in each market. The FCC does not use any other market definition.
The government defines Metropolitan Statistical Areas (MSA) based on commerce and related criteria. Nielsen defines Metro Survey Area (MSA, but a different meaning) based principally on the origin of stations listened to and things like commuting patterns. Sometimes both MSAs are the same, but very often they are different as the Nielsen ones are predominantly based on radio listening and the coverage of area radio stations.
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