What's the latest on these? Curious
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What? No posts about CUMULUS buying 3 stations in Cincinnati?
- Thread starter radiotuner
- Start date
J
justanobserver
Guest
There's nothing about this on R&R and AllAccess, yet.
> What's the latest on these? Curious
>
> What's the latest on these? Curious
>
The Story
> Nothing's been finalized..Susquehanna employees may be
> buying the stations.
It's been reported a couple of places that Cumulus' Lew Dickey could buy the Susquehanna stations *separately* from Cumulus, with the help of investment bankers.
And none of this is final yet. He's thought to have the "inside track", but nothing's been announced, despite the breathless post that started this thread...
-OA<P ID="signature">______________
Ohio Media Watch - <a target="_blank" href=http://ohiomedia.blogspot.com>http://ohiomedia.blogspot.com</a></P>
> Nothing's been finalized..Susquehanna employees may be
> buying the stations.
It's been reported a couple of places that Cumulus' Lew Dickey could buy the Susquehanna stations *separately* from Cumulus, with the help of investment bankers.
And none of this is final yet. He's thought to have the "inside track", but nothing's been announced, despite the breathless post that started this thread...
-OA<P ID="signature">______________
Ohio Media Watch - <a target="_blank" href=http://ohiomedia.blogspot.com>http://ohiomedia.blogspot.com</a></P>
Re: The Story
"DESPITE THE BREATHLESS POST THAT STARTED THIS THREAD....."
What was that for? I just heard that the stations sold..just posting a thread just like everyone else does on RADIO-INFO....What is wrong with that????
> And none of this is final yet. He's thought to have the
> "inside track", but nothing's been announced, despite the
> breathless post that started this thread...
>
>
>
> -OA
>
"DESPITE THE BREATHLESS POST THAT STARTED THIS THREAD....."
What was that for? I just heard that the stations sold..just posting a thread just like everyone else does on RADIO-INFO....What is wrong with that????
> And none of this is final yet. He's thought to have the
> "inside track", but nothing's been announced, despite the
> breathless post that started this thread...
>
>
>
> -OA
>
M
mattinradio
Guest
Re: The Story
There was a smiley at the end of OA's post. It indicates sarcasm. Not a big deal, my friend.
> "DESPITE THE BREATHLESS POST THAT STARTED THIS THREAD....."
>
> What was that for? I just heard that the stations sold..just
> posting a thread just like everyone else does on
> RADIO-INFO....What is wrong with that????
>
>
> > And none of this is final yet. He's thought to have the
> > "inside track", but nothing's been announced, despite the
> > breathless post that started this thread...
> >
> >
> >
> > -OA
> >
>
There was a smiley at the end of OA's post. It indicates sarcasm. Not a big deal, my friend.
> "DESPITE THE BREATHLESS POST THAT STARTED THIS THREAD....."
>
> What was that for? I just heard that the stations sold..just
> posting a thread just like everyone else does on
> RADIO-INFO....What is wrong with that????
>
>
> > And none of this is final yet. He's thought to have the
> > "inside track", but nothing's been announced, despite the
> > breathless post that started this thread...
> >
> >
> >
> > -OA
> >
>
T
TANK
Guest
> Nothing's been finalized..Susquehanna employees may be
> buying the stations.
>
It wasn't that long ago that one of Infinity's big boys came to town and said they were in a buying mode in Cincinnati. Haven't heard much since, maybe someone is paying too much for the stations and sensible business people won't bite. As the news gods like to say "Stay tuned for further details..."
> buying the stations.
>
It wasn't that long ago that one of Infinity's big boys came to town and said they were in a buying mode in Cincinnati. Haven't heard much since, maybe someone is paying too much for the stations and sensible business people won't bite. As the news gods like to say "Stay tuned for further details..."
Re: The Story
> There was a smiley at the end of OA's post. It indicates
> sarcasm. Not a big deal, my friend.
Didn't mean to overdo it.
The OP apparently heard that the sale was a done deal, or not much more than "3 stations are being sold to Cumulus". He was then surprised that we weren't talking about it, since the sale of 3 big stations in any market would be a big deal.
Now that we've bridged between what he heard and the reality...we're done!
A future hint - check standard industry websites like Radio & Records, or AllAccess, first. I'm pretty sure the item about Lew Dickey was in both. Though I'm not sure it would have helped in this case, unless the OP made the connection between Dickey, his main company and Susquehanna owning the 3 stations in Cincinnati.
-OA<P ID="signature">______________
Ohio Media Watch - <a target="_blank" href=http://ohiomedia.blogspot.com>http://ohiomedia.blogspot.com</a></P>
> There was a smiley at the end of OA's post. It indicates
> sarcasm. Not a big deal, my friend.
Didn't mean to overdo it.
The OP apparently heard that the sale was a done deal, or not much more than "3 stations are being sold to Cumulus". He was then surprised that we weren't talking about it, since the sale of 3 big stations in any market would be a big deal.
Now that we've bridged between what he heard and the reality...we're done!
A future hint - check standard industry websites like Radio & Records, or AllAccess, first. I'm pretty sure the item about Lew Dickey was in both. Though I'm not sure it would have helped in this case, unless the OP made the connection between Dickey, his main company and Susquehanna owning the 3 stations in Cincinnati.
-OA<P ID="signature">______________
Ohio Media Watch - <a target="_blank" href=http://ohiomedia.blogspot.com>http://ohiomedia.blogspot.com</a></P>
> What's the latest on these? Curious
>
It looks like Cumulus and its group of investors edged out Citadel in a bid for its stations.
Here's the link to the story
http://money.cnn.com/2005/10/07/news/midcaps/susquehanna.reut/index.htm
>
It looks like Cumulus and its group of investors edged out Citadel in a bid for its stations.
Here's the link to the story
http://money.cnn.com/2005/10/07/news/midcaps/susquehanna.reut/index.htm
It could all still collapse
The problem is that all of these outlets are citing the same New York Times story. R&R says a source close to the situation won't say if it's even a done deal. Cumulus is not buying the stations, but Lew Dickey who is the COO of the company is doing it on his own (with backing, of course). There's still a slight possibility that it could all fall apart, according to R&R.
This has to be the longest, most drawn-out sale in the world. What's taking them so long?
The problem is that all of these outlets are citing the same New York Times story. R&R says a source close to the situation won't say if it's even a done deal. Cumulus is not buying the stations, but Lew Dickey who is the COO of the company is doing it on his own (with backing, of course). There's still a slight possibility that it could all fall apart, according to R&R.
This has to be the longest, most drawn-out sale in the world. What's taking them so long?
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