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WRXP up for sale again??

Insideradio.com is running a story today that the financial backers of Merlin Media are quitely shopping around for buyers, in an effort to recoup the $153 million they have invested in the acquisition of four stations in NY, Chicago and Philadelphia, including of course WRXP.
 
erwin33 said:
Strange, they just changing formats.

A more successful station that's cheaper to run is more valuable than one at the bottom of the list. It's also not very clear from the summary if the stations are really for sale, or the majority stake is.
 
Perhaps this explains why Merlin has been running WRXP out of its home location in Chicago, and has not been promoting the station.
It will be interesting if another owner takes over, whether they retain the alternative rock format.
 
Keep in mind that it's not Merlin, but the investment company that provided Merlin its funding. That's a very different thing. It's possible that Randy Michaels and his group can just find themselves with different investors, but still running the same stations.

It's a slightly better market now for selling stations. Especially in New York.
 
Just as we just got an Alternative Rock station they have to sell it?! Why?! I say sell it to Citadel make it Alternative as New Rock still or sell it to Greater Media or Entercom or Pamal. They just changed formats too and I heard they were adding DJs in October and slowly transitioning it to just NYC.
 
Yikes!!

Does anyone really think Randy will get different investors after this debacle? The would have to be the stupidest investors not looking for any ROI... hey, maybe the federal government is interested.

New sweeper... "New Rock 101.9, the Solyndra of radio"
 
XCountry285 said:
Just as we just got an Alternative Rock station they have to sell it?! Why?! I say sell it to Citadel make it Alternative as New Rock still or sell it to Greater Media or Entercom or Pamal. They just changed formats too and I heard they were adding DJs in October and slowly transitioning it to just NYC.
Citadel is Cumulus now. They could sell to Cumulus or GM and expect it to stay Alternative. Well, maybe Cumulus.
 
If it is, remember three letters: C-B-S.

They would likely sell-off WINS-1010, and would use 101.9 to either:

(1) Move WINS to FM ("1019-Wins"?), or, more likely,

(2) Use it to simulcast WFAN-660 or move WFAN to FM and have the CBS Sports Radio Network go 24/7 on 660.
 
Three letters also spring to mind: C-O-X.

They own stations on Long Island, and currently own no stations in NYC. They could buy up all three NYC stations with uncertain futures. (WFME, WBAI, WRXP), and attempt to break into the market. They could sell their stations currently for sale (CT and Richmond, for example) to offset the costs.
 
mets18 said:
Bad news for Family Radio if true. Who's going to want 94.7 when 101.9 is available?

94.7 isn't on the market as of yet. As a matter of fact, they just bought 950 AM in Philadelphia. Perhaps their situation has stabilized and 94.7 stays as-is for the time being.
 
disney fanatic said:
If RXP goes out again, why not bring back Smooth Jazz and bring the WQCD call letters back and call it "CD 101.9" again. I would love to see Smooth Jazz coming Back to NYC.

It's not going to happen. In fact, today's top headline at the new Radio-Info site is, PPM Killing Smooth Jazz...

HERE is the long version if you care to read the reasons behind it, but suffuice to say nobody is going to try putting that format back onto a commercial FM frequency in New York at this point.
 
WNTIRadio said:
Does anyone really think Randy will get different investors after this debacle? The would have to be the stupidest investors not looking for any ROI...

Randy has been involved in a series of "debacles," the most recent being Tribune. Yet people continue to invest in him.

The interesting part of the story, according to AllAccess, is that Randy seems to be missing. But the licenses are held by Merlin, not the investment company. So the investment company can't sell the license, just their stake in Merlin.
 
If it is for sale, make it a dance station! :mad: For once, can someone attempt the format right, or bring the Pulse on 101.9! Something!!
 
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