knoxbob said:
I read the contract for the sale of the CC stations in Sparta and Mcminnville, PEG get all those stations for just $550K. I'm not a contract lawyer so I hope I read it right. That's about what they paid for the Crossville group they bought from CC a few years back. Is CC giving away all their stations at cut rate prices?
I found they are selling them in market groups. I tried to buy 1 of them in Sparta, and I was told that I had to bid on both Sparta and McMinnville. Peg had already had a LMA at that time with them for these stations. But hold on, in a few more years, I see these smaller groups selling to individuals. The day may return where the "hometown" station will be locally owned and operated, especially on AM.
But here's a catch, I just got through selling an acre and one half of my property at my tower site. Where it is sitting, the property is way more valuable than the station itself! I still have room for a partical ground system, but not for a full quarter wave on 1560. I did this because property is at it's prime and I got a hell of a great offer for the unused ground around me. Broadcasters like Peg see this like I do. Property where an AM tower sits, taking up space is rising everyday in value and can be used for something else as our small towns and rural areas become more urban or suburban.
The small group owners already see this like I do. As a owner of an AM station, I see AM dying in 10 to 12 years anyhow, so my prediction is the AM's will sell very, very cheap. AM requires lots of valuable real estate for it's antenna system to work right. Also, receiver manufactures have roll off the high end to as low as 3.5 Khz on a typical car radio.
FM will be here much longer. FM has an advantage of being easy to build by going upon a big hill with a stick that requires 3 quarters less than the property that an AM station must have to maintain a full quarter wave ground system, with bunches of copper radials and 4" in width, long rolls of copper strappng that gets stolen by the drug lords, hookers, etc., needing thier fix for crack. AM has many evils against it that will kill it, vs. FM. Some engineers like Ted Hart just outside Atlanta, GA., have tried to overcome Maxwell's laws of physics concerning the tech side of AM antenna system requirments, but they have all failed. Ted developed the EH antenna that was tested and didn't work well.
AM towers must be at a certain height, depending on the frequency. Local city and county zoning officials around the country do not understand that. With the rise of cell towers and monopoles, local city zoning officials have tighten up on how high a tower may be. I read in one community up north where the rule is: "The maximum tower height for a AM tower is to be only 42 feet"! Now we all know that won't work, even if the tower is top loaded.
AM non-directional, and especially directional stations have had to face the NIMBY's, known as the "NOT IN MY BACK YARD" subdivision lords and neighboorhood associations. What burns me up is we need towers for cell service and the NIMBY's want thier cell phone to work, but they don't want you put that tower or pole nowhere near my $600,000 per home subdivision! That's why they get poor digital service on thier cell phone and terrible AM reception!
Sorry for my rant!