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WRXP TRANSACTION FACTS/FIGURES

W

WRXPinsider

Price Emmis paid for the 101.9 frequency in 1997: $72MM
Price Emmis is seeking for the 101.9 frequency in 2010: $100MM
Estimated current market value of the 101.9 frequency: $35MM
Price of 101.9 format failures: -$37MM
 
WRXPinsider said:
Price Emmis paid for the 101.9 frequency in 1997: $72MM
Price Emmis is seeking for the 101.9 frequency in 2010: $100MM
Estimated current market value of the 101.9 frequency: $35MM
Price of 101.9 format failures: -$37MM
Click to expand...

Real facts:
WRXP was acquired in a swap of WTZZ and WXMI TV stations which had just been acquired and which were given to Tribune in exchange for 101.9. Estimated valuation $160 million.

Value of 101.9 right now is likely in range of $75 million. This would be consistent with the valuation of the New Rochelle move-in being bought from Cox.

The decline in value is not Emmis' fault, it is the market, economy and lack of financing.
 
DavidEduardo said:
WRXPinsider said:
Price Emmis paid for the 101.9 frequency in 1997: $72MM
Price Emmis is seeking for the 101.9 frequency in 2010: $100MM
Estimated current market value of the 101.9 frequency: $35MM
Price of 101.9 format failures: -$37MM
Click to expand...

Real facts:
WRXP was acquired in a swap of WTZZ and WXMI TV stations which had just been acquired and which were given to Tribune in exchange for 101.9. Estimated valuation $160 million.

Value of 101.9 right now is likely in range of $75 million. This would be consistent with the valuation of the New Rochelle move-in being bought from Cox.

The decline in value is not Emmis' fault, it is the market, economy and lack of financing.
Click to expand...

If anyone had the cash laying around it would probably already be sold, if not at their asking, close to it. What's on the frequency right now is irrelevant. Stick value is stick value.
 
The logical (of course this is radio and logic does not count) solution is for Emmis to swap their NY and Chicago stations for a bunch of Citadel’s smaller clusters. (Knoxville, Chattanooga etc.). This would give Citadel multiple FM clusters in the #1 and #3 markets. Emmis gets a bunch of clusters in smaller cities which would be more a more stable source of cash and earnings. There would be minimum tax issues for either party.

Of course Citadel is temporally distracted by R2’s declaring Farid’s stock deal (or steal) bankruptcy fraud.

http://www.radio-info.com/news/citadel-pulls-back-on-big-payday-for-ceo-farid-suleman

I am not a lawyer but you do not say that kind of thing without proof or you could get sued. I suspect (and hope) with in a year or two, someone else will be running Citadel.
 
If you read the link (from this website on the post before your post), R2 stated that the CEO of Citadel was trying "steal" shares. If someone acused me of fruad (in a public statement) I would sue if it was not ture!
 
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