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Will Bluewater Abandon the LMA on 107.9 WMRK?

Personally I know of some that enjoy working in it.  Our friends from Bluewater and Alexander are two great examples.  My former Sunday School Teacher, who runs our local Moody station is another great example.  One other fine example includes Redeemer Radio from Olivebridge New York. Our final example would include Faith Radio from Montgomery. Yours truly loved the stint I had in it.  Trying to make a comeback.  Hope that 2012 will be my year to do it.

R.D.P. <><

P.S. Thanks for the response to my post mr. gower. I appreciate it.
 
RDP,

WYVC looks like it has been red-flagged by the Commission. It had an earlier NAL in 2011 and has had its renewal application dismissed.

I've seen the FCC delete two stations within the past year. Both licensees had stations that were out of compliance and made no effort to fix them. No EAS is a big one, and an inspector will
check for it. They busted three in our area for no EAS not all that long ago.
 
If what I've been told is any indication, it's probably going to take more than a silly little letter of non-compliance from the Funny Clown Commission to get the station owner's attention. Do they follow up license deletions with a knock on the door with hammers and axes? ;)
 
Would like to wish all of you professional broadcasters a merry Christmas and successful 2012.

To WYVC and Dr. Kook Neloin Craig, may your broadcasting days soon come an end and the FCC puts you out of business for good.

Still wish that Camden had a professionally sounding radio station. 

They deserve better than what they have now.

Until a real person steps in and helps save that sinking ship, there's no hope for them.

R.D.P. <><
 
Buster, once again you show your ignorance. Alta Communications holds a MINORITY stake in Bluewater. They have been great partners with that company in the past, and reinvested in the company - even though they don't control the Board - because they believe there will be a return on investment in the future. You are such a negative voice. What other broadcaster in Montgomery has tried anything innovative. The Gump, and Yo! 107.1 are just 2 examples of BW trying new formats in that sleepy little corner of the South. Who pissed in your Wheaties anyway?
 
I was told that the person who holds the money, also has control of the gun. I have seen Alta point the gun before in other markets, and put in their own management and remove the old management.
If the money runs out again at Bluewater, you will see a take-over by Alta and company. You are great at making wise cracks, and even better at making hop-overs and not answering posts about 93.1 and the possible end of 107.9 by Bluewater. Oh, and it is not billing that counts, in radio it is the amont of collections.

If business was so good, why did you have layoffs a few months ago with some key people? Inquiring minds want to know. And I did not say WBAB was a "crappy' station just that it had a less than successful remote and a 15 minute on air disaster last week in afternoon drive time. Someone was alseep at the switch for that to go on for 15 minutes.
 
Hey, Buster, quit while you're still at least somewhat ahead. What "I was told", in your case, is hearsay compared to what MrGower knows, based on what we've all seen here. You want to talk about "making hop-overs and not answering posts"? Okay, look at yourself and the posts that have posed questions to YOU before you start calling the kettle black.

Oh, and WBAB is a Cox Radio rocker in Long Island. You can't even rip on the right station!
 
Yes, typo should be WBAM not WBAB.. only a typo, not nearly as bad as 15 minutes of bad radio in afternoon drive on WBAM with no one apparently minding the store to cut it of.

Wonder what Brian McNeill would say aout all of this?

Thank god this is only about radio!
 
Glad that someone is taking risks and are running with them.

That's why I still love and respect the fine people at Bluewater.

Don't let these knuckleheads discourage you at all.

When I'm in the Gump, I make it a point to check out the Bluewater stations, if I'm not listening to Stroh and/or WAY FM.

The presentations you offer, Mr. Gower, are very unique indeed. 

Like what I hear on them.

R.D.P. <><
 
Buster, you are absolutely correct...those that control the money control te company. In Bluewaters case, Terry Barber, Rick Peters, Jennifer Pestrichelli, and Scott McQueen Trust (peters 30 year partner) control, by INVESTMENT OF EQUITY, the Company. Alta also contributed equity in the form of a cash investment also, but in a minority position. Actually, the only entity that can take control of that company in event of a default is THE SENIOR LENDER who holds the rights to the assets and other collateral as security for the loan. Again, I'm not making "wise cracks" in pointing out that you do not seem to understand corporate structures or the rights of a secured lender and how it takes precedence over equiity holders. Really, Buster, give us all a break. You do not know of what you pontificate!

PS: to my knowledge there is no formalized relationship between 93.1 and Bluewater other than a set of "parked" call letters. The WMRK LMA agreement (public document in FCC database) has no cancellation clause that I can see. What exactly would be the mechanism for an early cancellation? Fill the board with your brilliance once again.
 
Mr Gower...I know of two ways to get rid of the Scott Alexander LMA. 1: put on some offensive programs Alexander does not approve of, and 2: just stop paying the LMA fee. # 2 would terminate the LMA pronto. Of course Alexander might sue, but he would have to find some programs to instanty put on 107.9 and would have to put his own funds into the new programming to keeep the station on the air Right now Alexander has a cozy deal, Bluewater has already paid him big bucks.

Is Kathleen McQueen related to Scott McQueen, she is listed as an officer of 93.1 Liberty? Maybe a Blue Water connection?

Trust me I have seen Alto take over control and push out current management. I hope that does not happen with Bluewater, they employ local folks and are not nearly as bad as the two "C's" who operate the big Montgomery clusters. But if Brian McNeil does not get money on time, who knows what could happen. I'd hate to see that happen in Montgomery, but those eastern outfits have no mercy.
 
Buster, I have it on good sources that the NewsTalk station is a major billet for Bluewater. The fee paid to Alexander is on the high side, but ask yourself this - what would it cost (per month) to own 93.1. 8k? 10k per month. Plus construction costs, etc. Not significantly less than the LMA fee. So, what are the potential opportunities as I see them?

1. 107.9 is turned back to Alexander at the end of the LMA, and the intellectual property (which is Bluewaters) goes on 93.1

2. Bluewater "leases" the NT programming (specially Budell) to Alexander and uses 93.1 for a Yo! Or Gump upgrade. Don't put to much into those parked call letters. They can be moved in about 10 minutes.

3. News Talk goes on WACV and a translator and Yo! goes on 107.9 and Gump goes on 93.1.

Lots of opportunities to shuffle around formats. Maybe Alexander buys WACV and uses a translator for a second FM. Or Alexander buys Stroh and combo's 107.9 with the AM, Pine level AM, and those
2 translators. Lots can happen in 15 months.
 
Oh, unless your understanding of the deal is different than mine re: Alta, they don't get any money. They are pure equity. The only cash obligation that Bluewater seems to have is to a bank (secured) and a subordinated lender (who interestingly enough is Peters equity and 30 year partner - McQueen). Alta gets their return upon the 5 year maturity of the notes - and subsequent sale of te stations, or they stay in through a refi and ride the wave. Hard to see how Alta holds any control in that deal. BTW, little birdie tells me Bluewater had close to a million in cash flow in 2011. Don't hold me to that number cause I haven't seen it myself.
 
man, I must have been doing my Christmas shopping and missed all of this... good stuff. Someone must be digging through my trash can.
 
I'm not sure if anything has changed since this was covered in Taylor on Radio-Info or if this is "old news", but a few weeks ago it was reported that the WGMP construction permit was sold, which will, in turn, be LMA'ed to Bluewater next year on March 1, 2013. According to the article, that can only happen when Bluewater ends its LMA with Alexander's WMRK. Here is the link to that issue in which the article appeared. You'll have to scroll down to read it:

http://www.radio-info.com/newsletter/html/tri-03082012.html
 
I think Busterluck may be owed an apology. His source(s) were pretty good to have this tidbit back in December.

For that matter, election campaign cash might not be the lifeline I thought it was. If an FM talker in a top 50 market couldn't make it, why would I assume one in market #151 is immune from being shuttered? WMRK is down to Dan Morris and two Greg Budell shows, isn't it?
 
At the risk of getting sucked in to this... what do you mean by WMRK is down to Dan Morris and two Greg Budell shows? I just ran the ratings and those are the top 3 talk shows in the market...you ever heard of TV shows like NCIS, American Idol, and Law and Order?
 
Nate Wesley said:
I think Busterluck may be owed an apology. His source(s) were pretty good to have this tidbit back in December.
Click to expand...

Yes, I'd say so. With radio, ANYthing is possible, as this thread so aptly demonstrates.

So now the question is...what will Bluewater do with WGMP come March?
 
93.1 FM "The Gump", Alternative/Modern Rock!

With them being the outright owner of it.

That's what I see happening.

R.D.P. <><

P.S. Keep up the good work Bluewater, WMRK and ALEX FM.  Still love your on air presentation and delivery.  Don't let these knuckleheads discourage you in any way.  Still have your back.  Could careless about the objectors.  Like what you stand for. ;)
 
tbarber said:
At the risk of getting sucked in to this... what do you mean by WMRK is down to Dan Morris and two Greg Budell shows? I just ran the ratings and those are the top 3 talk shows in the market...you ever heard of TV shows like NCIS, American Idol, and Law and Order?
Click to expand...

Yes.

They've never been featured on any of them. Hey-yo!
 
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