• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

WWKB - Can anyone give me a price?

Q

QUALDERON

Hi,
I'm new to this board but was curious if anyone might know where I can obtain the market value of WWKB Radio and WKWB Television?

I've spoken with several people in the business and they don't seem to have a clue what I'm asking. Its very frustrating.

The bottom line is that WWKB Radio and WKBW Television should be brough back under one roof and a common ownership. Can it happen? I can't say for cetain until we get some numbers and make an offer.
 
> Hi,
> I'm new to this board but was curious if anyone might know
> where I can obtain the market value of WWKB Radio and WKWB
> Television?
>
> I've spoken with several people in the business and they
> don't seem to have a clue what I'm asking. Its very
> frustrating.
>
> The bottom line is that WWKB Radio and WKBW Television
> should be brough back under one roof and a common ownership.
> Can it happen? I can't say for cetain until we get some
> numbers and make an offer.
>

WKBW-TV's worth has been estimated at $2.75 billion.

The worth of WWKB-AM has been estimated at approx. $1.25 billion.

C'mon, let's pony up the bones!
 
Just curious as to where you obtained those figures. I'm also assuming that you meant 'million' (with an 'M') and not a 'B'.

It may take some convincing but it wouldn't be that difficult to round up twenty people with $250k to blow for a $5 million offer. But Thanks.



>
> WKBW-TV's worth has been estimated at $2.75 billion.
>
> The worth of WWKB-AM has been estimated at approx. $1.25
> billion.
>
> C'mon, let's pony up the bones!
>
 
> It may take some convincing but it wouldn't be that
> difficult to round up twenty people with $250k to blow for a
> $5 million offer. But Thanks.
> > WKBW-TV's worth has been estimated at $2.75 billion.
> >
> > The worth of WWKB-AM has been estimated at approx. $1.25
> > billion.

Welcome to the Buffalo board.
I believe WWKB's worth to be roughly 15 million dollars.
Sure, I could be wrong, but it's NOT a value in the Billions, and NOT sitting at a million something.
The million dollar amount would have made a sale to WHLD all the more easy...respectfully, who says WHLD has a million to spare?...and why would Entercom want to let go of something that could end up being a threat to their sister station? (WBEN)

As for the tv side, I'm clueless. The Tv station may be on the market, from my understanding, but at a very high price. It may or may not be in the Billions though.<P ID="signature">______________
"If you never say NO, How much is your YES worth?"
</P>
 
If Entercom paid $10.5 million for 107.7 FM (and that was considerably more than it was worth)...how could KB be worth $15 mil? WKBW TV, being in Buffalo NY, a middle size market, is probably worth between $100 - $110 million. The crazy buying spree days for television properties has been over for some time now. Certainly anyone who speaks of reuniting the TV and radio station is living in a fantasy world. It is only economically feasable to own a chain of radio stations now.
 
> Certainly anyone who speaks of reuniting
> the TV and radio station is living in a fantasy world. It is
> only economically feasable to own a chain of radio stations
> now.
>
Two words: Joint Venture.
That may work well in putting the radio and tv stations back together.
Sadly, outside of that idea, ownership of 1520 by WKBW is still a long shot, and may require the ownership of WBEN too, which will never happen.

<P ID="signature">______________
"If you never say NO, How much is your YES worth?"
</P>
 
> Just curious as to where you obtained those figures. I'm
> also assuming that you meant 'million' (with an 'M') and not
> a 'B'.
>
> It may take some convincing but it wouldn't be that
> difficult to round up twenty people with $250k to blow for a
> $5 million offer. But Thanks.
>


No, I meant BILLION.

You don't think both KB and Ch. 7 are both worth BILLIONS?

BILLIONS and BILLIONS.
 
> No, I meant BILLION.
>
> You don't think both KB and Ch. 7 are both worth BILLIONS?
>
> BILLIONS and BILLIONS.
>
Channel 7 may have high value in the area of Billions, but not 1520.
That's still in the several million something...(respectfully, perhaps much higher than the 15 millon that I somehow gathered though...)
I'm not saying Qualderon is out to lunch in thinking that wwkb and WKBW should be together, but I do believe that a Joint Venture may be the only option for the time being...



<P ID="signature">______________
"If you never say NO, How much is your YES worth?"
</P>
 
Uh, yeh.... No, WWKB isn't worth very much. IF the ratings were high and IF it were in a top 25 market and IF KB had a studio facility it might be worth around $1.2 million. No radio or tv station in the country is worth billions.

After spending the afternoon researching, I'm guessing that, since Granite Broadcasting is about to be delisted at $0.29 a share, that WKBW-TV could be had for about $1.6 million and WWKB can be had for around $500,000, and that's being generous.

All that's left to WWKB is a transmitter. The studio's are in an office cluster with three other AM's and four FMs in Amherst so an entirely new studio would have to be build to accomodate the station. Plus, KB shares tower 'A' with WBEN and that presents a whole new scenario for maintaining the existing tower site.

The bottom line would likely be $400,000 for 'Class A' WWKB, 50,000 watts, or not. As for Granite and WKBW-TV, you know they're in trouble when the GM is out covering news like everyone else in the facility. The total package should not excede $1.7 million for both given the declining population of the local market which is presently ranked 52nd with 900,000 potential listeners.









>
>
> No, I meant BILLION.
>
> You don't think both KB and Ch. 7 are both worth BILLIONS?
>
> BILLIONS and BILLIONS.
>
 
I stand correct..... Granite is presently trading at $0.11 per share. File for Bnakruptcy or sell off and build a war chest to restructure?
 
> > No, I meant BILLION.
> >
> > You don't think both KB and Ch. 7 are both worth BILLIONS?
>
> >
> > BILLIONS and BILLIONS.
> >
> Channel 7 may have high value in the area of Billions, but
> not 1520.
> That's still in the several million
> something...(respectfully, perhaps much higher than the 15
> millon that I somehow gathered though...)
> I'm not saying Qualderon is out to lunch in thinking that
> wwkb and WKBW should be together, but I do believe that a
> Joint Venture may be the only option for the time being...
>

Come on guys....WGRZ sold was sold to Gannett in the neighborhood of $100 million in the late nineties. WKBW brings in about $10.2 million per year...multiply that by 10 and you will get the price it is worth. 1520 is not going to be sold by Entercom for fear of competition. Its worth is probably $4 or $5 million. Entercom will never let go of it though.
 
> Come on guys....WGRZ sold was sold to Gannett in the
> neighborhood of $100 million in the late nineties. WKBW
> brings in about $10.2 million per year...multiply that by 10
> and you will get the price it is worth. 1520 is not going to
> be sold by Entercom for fear of competition. Its worth is
> probably $4 or $5 million. Entercom will never let go of it
> though.

Your figures sound right but I think you are a little low on KB Radio. Some of the big operators can't resist the big 50KW stations.

Would it be possible for Entercom to draw up some sort of non compete clause that said the buy would not do a news talk format for 10 years or something like that?

I know that when KLIF Dallas was sold to Avco there was a clause that stated the McLendon group could not buy another AM in the market. What they didn't count on was the FM that McLendon didn't sell which of course became the direct competitor of KLIF.

MikeM
 
Anybody who has that kind of money for both TV and Radio doesn't need to ask how much. They already have a good idea what they are worth.

MikeM
 
Part of the problem mentioned by another poster is that there is no physical plant anymore. A new studio would have to be found and equipment purchased. Yes, a no compete clause could be arranged but what else would you use a 50,000 watt station for. As much as I loved it, I don't know if you could make money going back to the oldies format. The talent we all would want to hear would not come cheaply. Entercom never properly marketed the format for the three years it went...I personally believe if they had concentrated more on 60's and 70's rather than the fifties do-wop stuff, things might have gone better. I still loved all the old jingles, station ids, promos, weather shouts and all too. Now that WHLD is out of the seventies music business....it would have been a good time to switch. But like I said, I don't believe an independent owner could sustain it. Sure would be fun though....hey...let get together a group like Ray Marks and friends and get our own LMA to operate KB!
 
Based on evaluations and transactions in similar sized markets: WKBW-TV might fetch $225 million. WWKB, based on stick value and cash flow, $5-7 million.

You can reference the FCC database on line at www.fcc.gov or the Kagan book at your public library (assuming you live in a county that isn't up to its assets in debt and hasn't closed half its public libraries.)

It's not likely we'll see WKBW-TV and WWKB-AM reunited in the near or distant future. Entercom OWNS talk radio in Buffalo and that scenario is not likely to change... unless, of course, some party challenges the licenses of one or all of the company's Buffalo properties. Not likely.

The words of an experienced broker whom I heard speak at an industry convention come back to me. Said he, "Broadcast properties and their valuations are sometimes like baseball cards. You may have a Mickey Mantle rookie card which the book says is worth $5 thousand, depending on condition. The card is only worth $5 thousand if a buyer comes up with the money and puts it in your hand. Until then, it's all speculation."
 
> Part of the problem mentioned by another poster is that
> there is no physical plant anymore. A new studio would have
> to be found and equipment purchased. Yes, a no compete
> clause could be arranged but what else would you use a
> 50,000 watt station for. As much as I loved it, I don't know
> if you could make money going back to the oldies format. The
> talent we all would want to hear would not come cheaply.
> Entercom never properly marketed the format for the three
> years it went...I personally believe if they had
> concentrated more on 60's and 70's rather than the fifties
> do-wop stuff, things might have gone better. I still loved
> all the old jingles, station ids, promos, weather shouts and
> all too. Now that WHLD is out of the seventies music
> business....it would have been a good time to switch. But
> like I said, I don't believe an independent owner could
> sustain it. Sure would be fun though....hey...let get
> together a group like Ray Marks and friends and get our own
> LMA to operate KB!
>
Good points about the plant, transmitter site and antennas. It would require plenty of land (not cheap) and lots of money for copper and steel. The electric bill alone would be staggering.
 
>
>
> No, I meant BILLION.
>
> You don't think both KB and Ch. 7 are both worth BILLIONS?
>
> BILLIONS and BILLIONS.
>

Thats ridiculous! Do a little research!
 
> I stand correct..... Granite is presently trading at $0.11
> per share. File for Bnakruptcy or sell off and build a war
> chest to restructure?
>
DUDE! You're letting people down! Find someone else and quick, or go with that joint venture thingie thing Yezi speaks of.
 
> >
> >
> > No, I meant BILLION.
> >
> > You don't think both KB and Ch. 7 are both worth BILLIONS?
>
> >
> > BILLIONS and BILLIONS.
> >
>
> Thats ridiculous! Do a little research!
>


My research tells me it's in the BILLIONS.

BILLIONS and BILLIONS.
 
> Part of the problem mentioned by another poster is that
> there is no physical plant anymore. A new studio would have
> to be found and equipment purchased. Yes, a no compete
> clause could be arranged but what else would you use a
> 50,000 watt station for. As much as I loved it, I don't know
> if you could make money going back to the oldies format. The
> talent we all would want to hear would not come cheaply.
> Entercom never properly marketed the format for the three
> years it went...I personally believe if they had
> concentrated more on 60's and 70's rather than the fifties
> do-wop stuff, things might have gone better. I still loved
> all the old jingles, station ids, promos, weather shouts and
> all too. Now that WHLD is out of the seventies music
> business....it would have been a good time to switch. But
> like I said, I don't believe an independent owner could
> sustain it. Sure would be fun though....hey...let get
> together a group like Ray Marks and friends and get our own
> LMA to operate KB!

Oldies by day, 1530 WSAI/WCKY-style paid religion by night. One of the best sticks to do nighttime paytoiletry on.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom