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WHYL sold

B

bk1808

Guest
From AllAccess Net News 1/18/07:

ROUTE 81 RADIO is selling Adult Standards [EDIT]

Wasn't Shearer Lloyd's original partner?

[EDIT-post truncated because originating material is copyprotected. Unauthorized use of copyrighted content is in violation of Radio-Info's TOS.]
 
is it for sale or sold??? if for sale...how much. i heard lloyd and the gang paid $600,000. i would be interested in hearing the asking price if it is available...broker??? or sale by owner???
 
whyl fm was 102.3 now wcat 102.3 citadel sold am 960 whyl to rt 81 radio it is a 5kw daytimer with very limited night power maybe 20 watts.
 
I heard the land the transmitter site is on is owned by someone else and the 50 year lease is up in 2007 or 2008. Where oh where could you locate a two tower dirtectional with 180 degree spacing?
 
YOU ARE CORRECT. THAT IS ONE OF THE REASONS CITADEL SOLD THAT
STATION TO I-81 SEVERAL YEARS AGO. THEY KNEW THAT LAND LEASE
DEADLINE WAS LOOMING THEN. SO IT REALLY WAS NO SURPRISE
TO HEAR THE STATION WAS SOLD AGAIN AS IT WILL BE A HUGE
INVESTMENT TO RELOCATE THAT TOWER RAY.
FROM WHAT I KNOW ABOUT THE LAND LEASE I THINK IT IS UP AT
THE CONCLUSION OF 07.....11 MONTHS NOT A LOT OF TIME
TO FIND LAND; AND ENGINEERING STUDYS COMPLETED.
NEW OWNER WILL HAVE AN INTERESTING TIME OF IT.
MAYBE THE LANDOWNER WILL GRANT THEM AN EXTENSION.
 
Any chance of a move east (even at lower power) to get a stronger night signal into Harrisburg? Got to believe a new owner would want to put engineering $$$ into making a change if they knew the towers would have to be moved.
 
Even if you find a place to put the towers, you then run the risk of endless delays while one "citizens" group or another challenges you because the AM tower might turn all their children sterile, make legs grow out of their ears and such. The thought of having what argueably may be the single most important part of your operation under a lease agreement, instead of owning the property seems crazy, although I know it's not as unusual as it sounds. It will cost a pile of cabbage for new iron and ground systems and land. Should be interesting to see what happens.
 
A very good point. I have had several opportunities to purchase stations
and the sticking point in several deals was just that....if the owner
does not wish to relinquish ownership of tower site...it is just a
bad deal all the way around. Because as you mentioned people show
up all the time at township zoning meetings to protest even cell phone
towers...heck they even show up talking on a cell phone protesting
a new tower. Moving a tower is such a complicated matter....
many engineering fees; FCC approvals...and innumerable hoops
to jump through. A conventional tower requires at least 3 acres of
ground....add a few more acres for each tower of a directional
ray and you've got quite a hefty investment in land before you've
even paid for the towers themselves and the engineering studies
and construction....a very expensive project to say the least. I can remember
about 5 years ago representing Citadel at a township meeting in York County
where a dozen residents showed up at a township meeting to protest
proposed refurbishment work on a tower....attorney fees for that alone
cost several thousand dollars just to be able to get the township
to approve the refurbishment work....and that was for a tower that
was at an existing site for over 50 years!
 
From what I understand about the industry, there must be more stations on leased land than stations that own their land. For many, when they entered into those leases, 50 years seems like so far into the future that you couldn't imagine that far ahead. And as far as WHYL AM is concerned, 50 years ago that site was far out in the middle of nowhere...now it is prime real estate. This is not an exclusive problem with the radio industry. The Columbia (Pa.) drive-in movie theater was on leased land and is now gone, once the land owner decided to put a future strip mall and condos there. A good rule of thumb: The man who owns the real estate is in ultimate control.
 
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