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Who's the suitor?

Boston Globe is reporting:

WCRB's owner expects to sign a letter of intent to sell the classical radio station shortly, and according to one unsuccessful bidder, the station could fetch $90 million or more, raising the possibility WCRB will abandon its classical music format for more profitable programming. ''We hope to have an announcement imminently," said Mary L. Marshall, chairman of Charles River Broadcasting Co. of Waltham, the owner of WCRB-FM (102.5). Marshall declined to identify the prospective buyer. Woody Tanger, chief executive of Marlin Broadcasting LLC, which owns a classical station in Hartford and the Internet radio station Beethoven.com, said a $60.5 million bid he submitted was rejected as ''substantially too low." Tanger expects WCRB to sell for $90 million to $100 million. A sale could make sense to a company that owns several stations in Greater Boston, he said. By integrating WCRB with its other stations, such an owner could realize cost savings, he said. Among companies owning several local radio stations are CBS Radio, which just changed its name from Infinity Broadcasting Corp.; Clear Channel Communications Inc.; Entercom Communications Corp.; and Greater Media Inc.
 
Classical 107.3, WAAF 102.5? Not to be...

Herald article, linked via Boston Radio Watch, rules out Entercom and
CBS Radio as the suitors. The article says that had Entercom been
successful they would have moved WAAF to 102.5 and 107.3 would be classical.
But nope...in which case, classical radio in Boston may be even more of a lame
duck than Willard Mitt Romney.

>> Entercom Communications Corp., the powerhouse that runs WEEI, WRKO, MIKE FM and WAAF locally, made a serious run but came in below the top bidder. Entercom liked WCRB’s strong FM signal, but was apparently more interested in buying ABC Radio from the Walt Disney Co. — which by the way, Entercom is expected to successfully accomplish.

http://business.bostonherald.com/businessNews/view.bg?articleid=117118&format=text

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Re: Classical 107.3, WAAF 102.5? Not to be...

I hear from people with ties to the situation that the Red Sox are still interested. I don't know if it will work, given the fact that they would have to lay out capital to restart the station from scratch. When the current ownership took over the Sox NESN was an established station with a revenue stream, physical plant and employees. Given that the NY Times/Boston Globe are laying off people, this may not look good for them. The Sox have put major money towards the renovation of Fenway - is there enough cash left over to deal with this?
 
Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

Entercom, Infinity, and the Red Sox are reported as being out of the running.

Who's left and what might they do??

Greater Media: They would have to sell-off one of it's existing FM stations to buy WCRB-102.5. Likely, that station would be WKLB-99.5, with the country-music format moving to 102.5.

Maybe Greater Media could spin-off the 99.5 signal, the WCRB calls and format going there with the 99.5 signal sold to someone who would keep it all-classical.

Clear Channel: Under the ownership rules, CC can buy WCRB without having to spin anything off. Although I think there is a good chance that once WKOX-1200's signal gets upgraded, that station will drop Air America for more "conservative" talk shows from CC-owned Premiere Radio Networks, it's possible that 102.5 could end up being talk and again, running Premiere's syndicated shows.

One other possibility for a CC-owned 102.5 would be to make it Boston's first Spanish-language FM station. This would make very good sense; right now, there is a huge hole in the market for Spanish-language programming. And going Spanish is the only way 102.5 might get a substantially-larger overall audience than it does now (although anything except classical would give it more listeners in certain demographic groups).

If CC gets 102.5, I give it a 95% chance of going Spanish and only a 5% chance of it going talk.

Radio One: This would open the way for the return of "Hot" (as "Hot 102.5") with a very strong signal that could do real damage to CC's "Jammin' 94.5" (WJMN). It would become the market's dominant station about teenagers and young adults, thanks to the fact that rap and hip-hop fandom is no long restricted to only African-Americans.

It would also allow WILD-97.7 to go 24/7 Urban AC without having to program harder R & B/rap/hip-hop during parts of the broadcast day.

Two possible surprises:

WGBH??: Peter George speculated it on this board a few weeks back. Under WGBH ownership, the station would stay classical. It, being on a commercial frequency, would allow 'GBH to sell commercial spots on the station (instead of running pledge drives), and to "plow" profits made by ad spot sales on 102.5 to help-out 89.7.

Such a move would result in the end of the daytime classical block on 89.7, probably replaced by more jazz (or maybe more NPR news/information programming; there are some NPR news/information programs, most notably Diane Rehm's talk show, that are not heard in Boston).

Univision Radio??: A real longshot, but again, Boston's Hispanic population is growing, there's a huge hole for Spanish-language radio in this market, and a Spanish-language FM station would probably become hugely successful.
 
Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

with the country-music format moving to
> 102.5.

I don't know if that will happen...as it is now, the WKLB antenna is in Andover
and it serves much of Greater Boston plus Merrimack Valley/North Shore/
Southern NH. They might want the 102.5 signal (closer to Boston--Waltham?)
to be something besides country. (I know when 99.5--jazz and 96.9--country
were flip-flopped, that was the reasoning. Put country on 99.5 and move
smooth jazz to 96.9. Eventually that became FM talk.)

I'm not sure whether or not 1200/1430 would drop liberal talk. But who knows.
If they ever do want a libtalk LOCAL host, Arnie Arnesen is available (dropped
by WTPL up in Concord NH; see Northern NE and News-Talk boards).

There's more than enough talk and sports talk on air now. Spanish? If they think it could bring in the dinero...

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Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

> Greater Media: They would have to sell-off one of it's
> existing FM stations to buy WCRB-102.5. Likely, that station
> would be WKLB-99.5, with the country-music format moving to
> 102.5.
>
> Maybe Greater Media could spin-off the 99.5 signal, the WCRB
> calls and format going there with the 99.5 signal sold to
> someone who would keep it all-classical.

I'd suggested something similar a few posts ago. Mike Thomas commented on that, stating that, the profits from selling 99.5 wouldn't be enough to sustain the $100m cost of 102.5. I have to say that this does make sense, although I'm certain that Greater Media would love to have a stable of 5 city-grade signals. Is there any room at the top of the Pru for 102.5?

And if we've learned anything from Greater Media's changes to 105.1 WQRS and 95.7 WFLN, a format change is eminant here, unlike Entercom's proposition to create 107.3 WCRB.

> Clear Channel: Under the ownership rules, CC can buy WCRB
> without having to spin anything off. Although I think there
> is a good chance that once WKOX-1200's signal gets upgraded,
> that station will drop Air America for more "conservative"
> talk shows from CC-owned Premiere Radio Networks, it's
> possible that 102.5 could end up being talk and again,
> running Premiere's syndicated shows.

I could definately see 102.5 going FM talk; either way, I don't see 1200 going conservative talk for reasons stated elsewhere. Other CC possibilities include Smooth Jazz, which would appear a winner considering that WCRB would be out of the picture.

> One other possibility for a CC-owned 102.5 would be to make
> it Boston's first Spanish-language FM station. This would
> make very good sense; right now, there is a huge hole in the
> market for Spanish-language programming. And going Spanish
> is the only way 102.5 might get a substantially-larger
> overall audience than it does now (although anything except
> classical would give it more listeners in certain
> demographic groups).

Figuring that Clear Channel was going to take 102.5 to a Spanish format, what would they go with? Unless they're smoking something down in San Antonio, They sure as hell wouldn't go "La Preciosa". They have the "VIVA" format in Atlanta, which took an Atlanta rimshot to the top of the ratings in only 1 book, but they haven't spread that format elsewhere.

The obvious choice would appear to be Hurban, as "MEGA 102.5". But with Clear Channel owning Jam'n, a Hurban outlet would do little more than take the Hispanic demos away from Jam'n and move them to 102.5. For this reason, I can't see Clear Channel taking 102.5 to Spanish.

> Radio One: This would open the way for the return of "Hot"
> (as "Hot 102.5") with a very strong signal that could do
> real damage to CC's "Jammin' 94.5" (WJMN). It would become
> the market's dominant station about teenagers and young
> adults, thanks to the fact that rap and hip-hop fandom is no
> long restricted to only African-Americans.

A hip-hop format on 102.5 would provide a strong punch toward Jam'n, especially with African American listeners. However, with the stronger hip-hop blend and Radio One's African American-targetted approach, plus Clear Channel's ability to to promote Monster Jam and similar events, "Hot 102.5" wouldn't appear to do damage to Jam'n's core base of Caucasian listeners, and WJMN's growing share of Hispanic listeners.

(we've had the "Not all WBOT listeners are black" debate before)

> It would also allow WILD-97.7 to go 24/7 Urban AC without
> having to program harder R & B/rap/hip-hop during parts of
> the broadcast day.

That would be a real benefit to the Boston radio scene; it's a shame that they aren't doing a true Urban AC right now.

Does Radio One have the money for 102.5? They only spent $10m to buy 97.7, plus what had to be a few million to get the Roxbury studio built and get the signal audible in Boston. They're not the kind of company that would appear to have $100m sitting around for a station with no useful intellectual property. That kind of money could be better used to gain more share in a market with a larger African American population... perhaps getting a head start in saving up for New York's 107.5 WBLS, which I know Radio One had had it's eye on.

> Univision Radio??: A real longshot, but again, Boston's
> Hispanic population is growing, there's a huge hole for
> Spanish-language radio in this market, and a
> Spanish-language FM station would probably become hugely
> successful.

I'd like to see this one happen, just not on the 102.5 blowtorch. Even on 102.5, a Hispanic-formatted station, specifically a Hurban "Ciento Dos Punto Cinco La Kalle", would kill the Hispanic numbers on 94.5, and would take most listeners from the former WAMG 890. I don't think Univision would try Spanish AC in Boston (similar to WPAT 93.1 in New York, and the late WBPS 890 "Amor 890"), but they could try Spanish Tropical (like WSKQ 97.9/New York, or WAMG) as well.

However, another signal would be best fit for a Univision station: 99.5. 99.5 would make a great signal for a Hispanic-targetted format. You'd cover the Lowell/Lawrence/Methuen/Nashua area very well, while providing a good signal to Worcester and a listenable signal to Brockton. And most of all: 99.5 wouldn't sacrifice a big city-grade signal.

The other potential bidder on 102.5 was Salem, if so, "102.5 The Fish" would without a doubt be on the way. And with K-Love slowly invading the region, they'd need to launch it soon, before potential Fish listeners get "hooked" on K-Love, and K-Love gets ahold of more translators.
 
The Speculation Moves Three Megahertz Down The Dial

Well, now the speculation will focus on 99.5. Except for Greater Media, who will spin it off, everything I wrote about 102.5 could apply to 99.5.

One other thought: Entercom was interested, and had they purchased WCRB, the classical-music format would have remained in Boston, although the classical format and WCRB call letters may have moved to 107.3 with WAAF's calls and rock format moving to 102.5 (which would make great sense if Entercom were to abandon plans to move the 107.3 stick closer to Boston and retain the historic Paxton transmitter site with the huge signal both WAAF and WSRS-96.1 get from there).

Could Entercom try to buy 99.5, move WAAF there, and then make a deal with Charles River to pick-up the WCRB calls/format and put them on 107.3??
 
Re: The Speculation Moves Three Megahertz Down The Dial

> Well, now the speculation will focus on 99.5. Except for
> Greater Media, who will spin it off, everything I wrote
> about 102.5 could apply to 99.5.
>
> One other thought: Entercom was interested, and had they
> purchased WCRB, the classical-music format would have
> remained in Boston, although the classical format and WCRB
> call letters may have moved to 107.3 with WAAF's calls and
> rock format moving to 102.5 (which would make great sense if
> Entercom were to abandon plans to move the 107.3 stick
> closer to Boston and retain the historic Paxton transmitter
> site with the huge signal both WAAF and WSRS-96.1 get from
> there).
>
> Could Entercom try to buy 99.5, move WAAF there, and then
> make a deal with Charles River to pick-up the WCRB
> calls/format and put them on 107.3??

Buying 99.5 would give Entercom an additional signal. But technically speaking, is 99.5 a significantly better signal than 107.3 (at the old site)? 99.5 has better coverage inside 128, but they're both lousy downtown.

In any case, were Entercom were truly interested in the classical programming, is the door open for WCRB's intellectual property to be purchased from CRB/GM? This is on the basis that Greater Media does not appear to be interested in the classical format.
 
Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

> Does Radio One have the money for 102.5? They only spent
> $10m to buy 97.7, plus what had to be a few million to get
> the Roxbury studio built and get the signal audible in
> Boston.

The new studio Radio One built for 97.7 and 1090 is actually on Marina Bay, Quincy. The old studio was in Roxbury.
 
Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

> I don't know if that will happen...as it is now, the WKLB
> antenna is in Andover and it serves much of Greater Boston plus Merrimack
> Valley/North Shore/ Southern NH. They might want the 102.5 signal (closer to
> Boston--Waltham?) to be something besides country.

The 102.5 studios are in Waltham, but the transmitter is on the FM-128 tower at the Newton/Needham line.
 
Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

> > Does Radio One have the money for 102.5? They only spent
> > $10m to buy 97.7, plus what had to be a few million to get
>
> > the Roxbury studio built and get the signal audible in
> > Boston.
>
> The new studio Radio One built for 97.7 and 1090 is actually
> on Marina Bay, Quincy. The old studio was in Roxbury.

True. But the old WCAV studios were in Brockton. I was referring to the first studio that R1 needed to get 97.7 off the ground.

Wasn't Mega over at Marina Bay at one time, back when they had "Amor 890", or was that another complex? It must be religion central out there (WEZE, WROL, WILD (AM)) with Salem and Radio One at Marina Bay these days.
 
Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

> Wasn't Mega over at Marina Bay at one time, back when they
> had "Amor 890", or was that another complex?

Not sure. I thought they were at the Schrafts Center in Charlestown.
 
Re: Might Be Greater Media, Clear Channel, Radio One, Or Even A Surprise.....

> Not sure. I thought they were at the Schrafts Center in
> Charlestown.

Oh yes. That's the building I was thinking of.
 
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