WHAT Sold

[Koste]

Philadelphia Daily News reports that Inner City Broadcasting has agreed to sell WHAT (1340AM). No buyer identified. Stay tuned!

 

[eatspaste]

Philadelphia Daily News reports that Inner City Broadcasting has agreed to sell WHAT (1340AM). No buyer identified. Stay tuned!

WHAT sold for $5,000,000! 1kw graveyard AM's in Philadelphia are selling for $5M?!

Buyer, per All Access: Marconi Broadcasting Co. (Tom Kelly)

 

[PaulBWalkerJr]

Well, as I recall, Davidson paid $8mil for WEMG 1310 and that's NOT a 1KW fulltime signal.. so using that as a guide, Marconi Broadcasting got a good deal.

 

[wprt949]

What other stations does this person own ???

 

[radiophiler]

To answer the previous post, Tom Kelly owns no other radio stations, but according to Mike Klein's column in the Inquirer today, he owns Kelly Music Research based in Havertown. One of his clients, according to Klein: b101.
www.kellymusic.com says his other clients include Beasley, Millenium, Greater Media, Clear Channel and Infinity.
Kelly Music is a music research company for radio stations. He runs it with his brother, who was a PD at an upstate NY FM rock radio station before he went to work for his brother's company.
These guys are local --- so anyone know anything more about them that would give a clue to WHAT's future?

 

[RunWithScissors]

Would be nice for Country Classics to surface, but with the signal area the audiance is not there, also, they could shut it down and this way we can enjoy WMID. I guess this might make WURD crack the top 20

 

[BRUSSTAR]

Would be nice for Country Classics to surface, but with the signal area the audiance is not there, also, they could shut it down and this way we can enjoy WMID.

Yep, that's it. Mr. Kelly spent five million dollars to "shut it down" so you could DX a low power station sixty miles away.