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WKEQ 97.1

C

chrisalcorn

Guest
Just a plug for the best darn classic rock station you can hear in central Kentucky. Good music, great signal and none of that early morning mess you hear on other radio stations around here. WKEQ 97.1 FM. rocks!!
 
I've never listened to it. Not even driving down I-75 going south down to Knoxville. Do you think it would come in down on the south end of Lex.?
 
chrisalcorn said:
Just a plug for the best darn classic rock station you can hear in central Kentucky. Good music, great signal and none of that early morning mess you hear on other radio stations around here. WKEQ 97.1 FM. rocks!!
Quite a stretch to place Somerset in Central KY with it's transmitter just over 20 miles from Tennessee...
 
South Central KY maybe. It came in loud and clear in Crossville, TN last time I was there. Has the Somerset CC cluster found a buyer yet? One thing I noticed was the same imaging voice on all their stations, and them all cross-promoting each other (when you want Classic Rock..").
 
The Somerset CC cluster was originally to be part of the American Securities Capital acquisition. However, since that deal has been blown up, I think the whole thing is up in the air again.
 
thebroker said:
The Somerset CC cluster was originally to be part of the American Securities Capital acquisition. However, since that deal has been blown up, I think the whole thing is up in the air again.

What are they asking for the Somerset stations?
 
When CC decided to divest the stations they have been in the process of divesting this year, they went about it in a bit of an unusual way. Instead of setting asking prices, they issued the financials to qualified buyers and allowed the buyers to make bids for the properties. Essentially, the more stations a buyer was willing to buy at a time, the more likely CC was to accept the offer, even if the offer wasn't exactly the highest bid.

As many people know, I took a look at a few of the departing CC markets, including Somerset. I decided to take a pass for a variety of reasons, and I won't get into details of how well the stations are doing, but I will say that the Somerset cluster is quite successful from a revenue perspective.

We'll see what happens now that the American Securities Capital deal has fallen through. A good local owner could really do something with the Somerset cluster.
 
thebroker said:
We'll see what happens now that the American Securities Capital deal has fallen through. A good local owner could really do something with the Somerset cluster.

Are you sure your are not a politician?
 
thebroker said:
Was Crossville TN not also lumped into the American Securites deal?

I believe Crossville was sold a couple or three years ago. I don't remember who got them or for how much, but I seem to remember a sale and one format change right afterward.
 
I could be wrong but I believe CC only owned the 2 AMs in Crossville. The powerhouse FMs were always someone else (all now show as Peg Broadcasting Crossville LLC.)
 
I'm sorry, I'm thinking Cookeville, not Crossville. I have always gotten the two confused. They shouldn't be allowed to have two towns that close together with such similar names! Particularly when I'm fighting a cold and loopy from Benadryl ;D

Haha I answered the question as best I could, because there actually isn't an answer as to what they are asking. I was personally kinda surprised Terry Forcht from Corbin didn't pick up the Somerset CC stations. It would actually make a lot of sense for the same owner to have both the COOKEville and Somerset CC stations, because they aren't too awfully far apart, and both clusters do very well. Somebody's gonna have to roll up their sleeves and cut some expenses, though...just like CC has been doing all over the country lately.
 
The Crossville group consisted of 2 AM's WAEW and Wcsv and 1 FM WXVL, now WPBX. They went for just over $500k.
The buyer was Peg broadcasting that own WOWF 102.5 in Crossville.
 
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