Tibbs2 said:
And didn't Woodfin(s) sell em for like some legendary total of $400,000??? Ah, the good old days of 1 cent bubble gum! That same "piece" of gum would cost you nearly $300 million.
No, I'm pretty sure he got more for them (7 figures) but because of the intense competition that had moved into that dinky market, he had already lost his arse on them. I was working for him in Columbus, Georgia by the time he sold the PC stations. He did, however, hang on to the tall stick in Fountain for a while, retaining Sunny, WPAP, and WYYX (97X) as clients, plus a few miscellaneous clients, like two-way repeaters, pagers, etc.. He sold the tower in the late 90's. That was the money-maker for Ken in those days, the radio stations... not so much.
Don't know if you remember, but there was a third station involved in that cluster prior to Woodfin's selling it. His son Blaine (orthopedic surgeon in Atlanta) was the licensee of 99.3 licensed (at that time) to Mexico Beach. Hi dad ran it for him along with Sunny and 590. In fact, they essentially moved the B/EZ elements of WGNE-AM over to 99.3; they put the ABC "Unforgettable" standards format on there for a time and moved Paul Harvey, Prior Smith's Canadian News, and other elements of the old "Genie" to that FM, and went all-sports as "The Team" for awhile. In fact, AM 590 was one of the first affiliates of the Florida Marlins network the year they joined the NL. Braves were already taken in the market.
At any rate, simultaneous with Ken Woodfin and his partner, Columbus attorney Milton Hirsch, selling Sunny and AM590, Blaine sold 99.3 to the same guy (cannot remember his name, but this guy owned them for a short time before selling to Bud Paxson, who ultimately folded the clusters he created in PC and other markets to Clear Channel. All of that took place before the MAJOR consolidation of 2000-2001).
Gawd I'm gettin' old... have I really been doing this THAT long?
Geez!
TDO