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WPFB-AM off air...AGAIN.

Bizman said:
Radio 25 said:
If someone can pick up this property DIRT CHEAP.... Cash. No debt. Then. program it, what, Classic Country and local?
Click to expand...

"Dirt cheap" like how dirt cheap? 250-400k ?
Click to expand...

Its a shell. Not making any money and almost no assets. You're buying the ticket and some rudimentary gear. 150 to 200....

I would have paid more if it could have been moved AND would have decent coverage afterwards. Also, i could aggregate the cost over a larger platform of stations. A newby, standalone cannot do that.
 
If someone can pick up this property DIRT CHEAP.... Cash. No debt. Then. program it, what, Classic Country and local?

[/quote]

"Dirt cheap" like how dirt cheap? 250-400k ?
[/quote]

Its a shell. Not making any money and almost no assets. You're buying the ticket and some rudimentary gear. 150 to 200....

I would have paid more if it could have been moved AND would have decent coverage afterwards. Also, i could aggregate the cost over a larger platform of stations. A newby, standalone cannot do that.
[/quote]


Thanks jry. I see they have applied to be off the air. Filed 12/6/2012 -Notification of Suspension of Operations / Request for Silent STA . WPFB-AM IS OFF AIR UNTIL EARLY NEXT YEAR, IN PREPARATION FOR POTENTIAL SALE. DUPLICATIVE SERVICE IS PROVIDED BY WNKN 105.9 IN BETTER QUALITY AND ENERGY SAVINGS.
 
Its a shell. Not making any money and almost no assets. You're buying the ticket and some rudimentary gear. 150 to 200....

I would have paid more if it could have been moved AND would have decent coverage afterwards. Also, i could aggregate the cost over a larger platform of stations. A newby, standalone cannot do that.
[/quote]

Has anyone offered 100K CASH for this signal? After all- a bird in the hand...

I did that once on a station- offered a lowball price just to see if they would bite or laugh at me?
Darndest thing, they countered at a very reasonable price and we did the deal. And that was with a
large broadcaster with (then) deep pockets. They just wanted it gone from their books.
 
Mark/jry:

I think we're seeing to different operating philosophies. One who works in the realm of stand alone and an attempt at super community service. The other in the realm of aggregation and leverage and brokered pay to play.

Since I would be coming in from the world of stand alone (if I could afford that), I probably tend to feel more comfortable with the Bohach model because that's my paradigm. And my heart.
 
del_griffith said:
Mark/jry:

I think we're seeing to different operating philosophies. One who works in the realm of stand alone and an attempt at super community service. The other in the realm of aggregation and leverage and brokered pay to play.

Since I would be coming in from the world of stand alone (if I could afford that), I probably tend to feel more comfortable with the Bohach model because that's my paradigm. And my heart.
Click to expand...

Good comment. The aggregation would allow me to purchase for cash and not have undo financial pressures while the format cooks. In this case, the station would have to be programmed local. I am not convinced that it would work due to what i mentioned earlier about listeners migrating to radio that broadcast from the largest market in the area.
Someone did make a low ball offer but, not 100K.
 
jry said:
del_griffith said:
Mark/jry:

I think we're seeing to different operating philosophies. One who works in the realm of stand alone and an attempt at super community service. The other in the realm of aggregation and leverage and brokered pay to play.

Since I would be coming in from the world of stand alone (if I could afford that), I probably tend to feel more comfortable with the Bohach model because that's my paradigm. And my heart.
Click to expand...


Good comment. The aggregation would allow me to purchase for cash and not have undo financial pressures while the format cooks. In this case, the station would have to be programmed local. I am not convinced that it would work due to what i mentioned earlier about listeners migrating to radio that broadcast from the largest market in the area.
Someone did make a low ball offer but, not 100K.
Click to expand...

And both paradigms here feature one common theme- pay CASH and avoid debt.

Each station's market area needs to be carefully evaluated to determine whether there is a
sense of individual community and a large independent business base (as I found in Lancaster).

Or do they think of themselves as part of the larger nearby city?

I am not that familiar with Middletown- does it have a strong Chamber of Commerce, Rotary and Kiwanas Club? Are the insurance agents, funeral homes, banks, car dealers etc truly independent or are they branch offices of Dayton and Cincinnati? Is there a strong interest in the local schools and their sports teams? These are the things I look for when making these determinations.

Look at Northern Kentucky- A standalone trying to sell to Florence would have a tough time. Go down the
road a ways to Dry Ridge- where there is a stronger sense of individuality and a station can do well.
On that note- HI to my friends at WNKR.

Neither viewpoint (mine or jry) is right or wrong. It's just what we have found to work for us. As I was Chief Engineer of the stations jry has in Cincy in the Salem days, I am keenly aware of what he is working with there and respect his desire and ability to compete in the market.

mb
 
I get the feeling Middletown is very much like a Lancaster or Newark. Adjacent to the core city. Lot's of local identity, pride and even to a point a clique. A successful operator would have to find a way to become part of that clique/old boys network. Those are real and they exist. But once in and trusted, I tend to think like the cities of Lancaster and Newark, it would work out. And I believe the key to that is the owner must be local too. The clique/old boys network doesn't trust out of town operators.
 
Would you also believe it's been since November since it went silent?

Alright NKU...it's time to get real (if you read these posts)

Either reduce the asking price for the AM...OR DONATE IT TO RADIO MARIA!
 
The article states "The picture is for illustrative purposes only, this specific tower is not included in sale."

Doesn't look like PFB's tower to me. I've climbed it before.


Cincinnati Full Time AM Station
Excellent city coverage of Cincinnati with owned studios and transmitter site.

This station provides the opportunity for turnkey ownership in an dynamic major market at an extremely attractive price.

PRICE REDUCTION---NOW ASKING $695,000

It's WCVG.
 
Bizman said:
The article states "The picture is for illustrative purposes only, this specific tower is not included in sale."

Doesn't look like PFB's tower to me. I've climbed it before.


Cincinnati Full Time AM Station
Excellent city coverage of Cincinnati with owned studios and transmitter site.

This station provides the opportunity for turnkey ownership in an dynamic major market at an extremely attractive price.

PRICE REDUCTION---NOW ASKING $695,000

I scanned it too quickly. You are spot on. That site behind the church and shopping center is an owned site. 695 would cover his purchase price and his losses in operating it.

It's WCVG.
Click to expand...
 
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