WHBC AM/FM sold?

[1sttimecaller]

Reports are Alpha Broadcasting from Portland will be buying all the nextmedia properties including WHBC - AM/FM

 

[Tim L]

http://www.alphabroadcasting.com/pages/main/

They currently own 6 stations in Portland, Ore. I like their slogan, "Putting Live and Local Back In Radio"..Interesting to see if they can do that with these new properties..If indeed they are buying NextMedia..

 

[VODood]

Next Media announced "exploring" a sale a few weeks back.

http://www.allaccess.com/net-news/a...-nextmedia-outdoor-as-company-expl?ref=search

With tax laws changing for 2013 I think you'll see a lot of movement, ie sales, in the next few weeks.



Headquartered in Portland, Oregon, Alpha Broadcasting owns and operates KXTG-FM, KUPL-FM, KINK-FM, KUFO-FM, KXL-FM and KXFD-AM. Alpha Broadcasting was formed by Larry Wilson, Bob Proffitt and Endeavour Capital, also in Portland.

Larry Wilson founded Citadel Communications Corporation before it was sold to Forstmann Little & Company in 2001 for $2 billion.

http://www.alphabroadcasting.com/02...about_landing.html?blockID=407276&feedID=8774

 

[static_cling]

Reports are Alpha Broadcasting from Portland will be buying all the nextmedia properties including WHBC - AM/FM

If true, this sale is long overdue. Anything Alpha can do with WHBC would be an improvement.

 

[Speaker of Truth]

So Denver finally throws in the towel..about damn time..

Curious to see what the final sales price will be..remember that WHBC was sold for something in the neighberhood of 42.5 million in 2000...a move that will be taught in businesses schools as to how not to purhcase broadcast properties.

Then a few years later, NextMedia went into Saginaw MI, got into a bidding war, and came out with a five station combo that it sent Jeff Dietz to, who wrecked the combo in a matter of months...

You have to think Saginaw and Canton will be spun off..remember that NextMedia at one time had close to 50 stations, before it blew through the half a billion they borrowed to create an empire that died..

They have decent stuff in the Chicago suburbs, and in the Carolinas, but little in the way of anything that can be measured as success..