The way we throw money around on this board, eh?! Couple million here, couple hundred thousand there! Since KB has no significant billing, the sale price would be based on stick value. What's the value of a ravaged 50kW AM station these days?
I'm guessing $3 Large.
Entercom won't part with WWKB unless the sale is protected by an iron-clad non-compete which prohibits the buyer from competing with the programming of WBEN and WGR. Perhaps a religious group could live with that. Still, any buyer would have to pay Entercom rent for use of the Hamburg transmitting building and the land on which KB's towers are planted (along with WGR.) Years ago, WGR's presence in Hamburg required Taft to pay rent to CapCities, later the Rich Communications had to pay Price and later Keymarket for the use of the land and transmitter building. More than one person who's intimately familiar with KB and WGR has said the land in Hamburg is more valuable than the licenses of WWKB and WGR. It's a vast tract that developers would lust after.
The irony of the KB debacle is the station can be heard clearly in Philadelphia, which is the corporate home of Entercom.
In some ways, it's a surprise that KB went progressive talk in the first place, as the Field family (particularly David Field) is on record as having despised Clinton and most democrats. More surprising since the dems under Clinton literally allowed brodcasters to re-write the FCC ownership rules.
Upon further review, the posters who propose an Adult Standards format on "The Once-Mighty 1520" seem to make the most sense.I'd only recommend the present call sign be blown up completely.
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