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WWKB - Can anyone give me a price?

Here's how you do it

Entercom's market cap is around $1.25 billion. Start buying shares until you can force a hostile takeover. Then sell of a few FMs to buy the TV station.

Yep, that's how you'd do it... call your broker now.
(I did enjoy the references to BILLIONS, btw)
 
Some Call Him A Dreamer...

> 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.
>

Your guesses are so far off, I don't know where to start!

There's no way on this planet you get away with 400K for 1520, and $1.3 million for the TV station. What planet are you getting this information from?

I'll throw some figures out there, just guessing - $5-10 million for 1520, and $100-125 million for the TV. No, a TV station in Buffalo is not "worth billions" (they're pulling your chain), but a network affiliated full power station in a market the size of Buffalo hasn't gone for $1.3 million since the 1960's. If then.

You cite a bunch of factors that would not actually affect the purchase price.

Granite, for example, may or may not be financially sound (I don't know), but that doesn't mean you get their TV stations on the cheap. A TV station is worth what it's worth, and if Granite's forced into some sort of fire sale or something, there are plenty of bidders who'd be happy to drop $100 million on a station even in a "declining market" like Buffalo. The "GM out covering news" (!!!) affects nothing.

If you have to ask these questions on a hobbyist message board, you're nowhere CLOSE to being able to pull this off, IMHO.

-OA<P ID="signature">______________
Ohio Media Watch - <a target="_blank" href=http://ohiomedia.blogspot.com>http://ohiomedia.blogspot.com</a></P>
 
> DUDE! You're letting people down! Find someone else and
> quick, or go with that joint venture thingie thing Yezi
> speaks of.
>
It's NOT a thingie thing! It's a WELL KNOWN business practice!
Sort of like if Reece were to use Skippy peanut butter with their peanut butter cups. (um...I think Skippy and Reece are seperate companies?)<P ID="signature">______________
"If you never say NO, How much is your YES worth?"
</P>
 
Re: Here's how you do it

> Entercom's market cap is around $1.25 billion. Start buying
> shares until you can force a hostile takeover. Then sell of
> a few FMs to buy the TV station.
>
> Yep, that's how you'd do it... call your broker now.
> (I did enjoy the references to BILLIONS, btw)
>
That's well put, and I will further agree that share holders may like the idea of a joint venture to make both radio and tv properties look healthy in the meantime.<P ID="signature">______________
"If you never say NO, How much is your YES worth?"
</P>
 
>
> Oldies by day, 1530 WSAI/WCKY-style paid religion by night.
> One of the best sticks to do nighttime paytoiletry on.
>
I'm not giving up on the idea of a news wheel for designated timeslots on 1520.
The news wheel can provide headlines etc, while politely reminding the listener to tune in for more in depth talk about the headlines on WBEN. (or on KB' if that's realistic)<P ID="signature">______________
"If you never say NO, How much is your YES worth?"
</P>
 
> 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?

You only know for certain the market value of a station if and when it sells. If you knew the 12-month positive cash flow of a given station you could multiply it by a factor of 7 to 12, and get a rough selling price...or you could examine rough comparables in similar-sized markets and get a price range from that. What would a full market coverage network-affiliated TV station like Channel 7 bring in a top-50 TV market? What would a class 1-B clear channel, full market coverage AM station like 'KB bring, even if it were underperforming ratings and revenue-wise? And consider the market itself. Buffalo is not a market in the best of economic shape, it's losing population. That will be a factor in any offer you might make. The same station in another market like Rochester, which is holding its own economically and population-wise, might be a different and somewhat pricier proposition.

Having said all that, I'd guess you'd pay something north of $7 million for a struggling AM with a big signal like 'KB, knowing you'd have to pour at least a million or two into new staff, programming, and a marketing blitz during the first 12-18 months of ownership to make it a player competitive with WBEN. As for Channel 7, which has a strong entertainment programming lineup but a news operation that, while profitable, has seen better days and needs a little extra investment, you might be looking at $100 million or more.
 
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