CatFM said:
St. Gabriel Radio, owner of WUCO Marysville, is buying WILE Cambridge for $750,000. My guess is that they are only buying WILE to shut it down so they can increase the daytime signal of WUCO into Columbus. That is a lot of money for a 1 KW daytimer! One has to wonder if St. Gabriel wouldn't have been able to do better by just buying WVKO if they want a Columbus signal so much. The owners of WILE will be smiling all the way to the bank. If I had a dead in the water daytime AM in a market like that and someone offered me that much, I would make them sign the papers right then and there before they had a chance to change their minds!
It looks like the deal to buy WILE-AM 1270 in Cambridge, Ohio is not going to happen.
WUCO-AM has taken off their website plans for the 1270 power upgrade and no
progress has been made in buying WUCO-AM. These plans may have been dropped
because of engineering and/or money issues but for now the WUCO-AM 1270 upgrade
is dead in the water. They originally said the upgraded 1270 AM signal would be up and running
by MAY 1st of THIS year.
WUCO-AM has been trying to get a station to serve the Columbus marked ever since they purchased
1270 AM three years ago.
So, for all that thought the deal was to good to be true, you were indeed correct.
That was $750,000 to buy 1270 AM in Cambridge, Ohio.
Here is an old article on the topic:
http://www.daily-jeff.com/news/article/2358812
WILE AM 1270 being sold as a 'buffer zone'
Dan Davis/The Daily Jeffersonian
August 5, 2007
(Quote)
As early as next spring, listeners of WILE AM 1270 may find that spot on their radio dial vacant here.
AVC Communications General Manager Joel Losego said that an application for the purchase of license rights to broadcast on the 1270 AM frequency has been filed with the Federal Communications Commission by St. Gabriel Radio.
However, Losego said, in an effort to increase the power of the station, and therefore the coverage area, St. Gabriel Radio sought to purchase the license rights to broadcast on the 1270 AM frequency here.
(QUOTE)