My thoughts exactly! $150,000 for a daytime-only AM station? I'm no expert on the price of radio stations these days, but that seems steep to me!
The first station I ever worked for was WHDM in McKenzie in the early '90s. It was (at that time) a 500-watter daytime-only operation that signed off no later than 6:00 p.m., even in the summer months when they could have stayed on the air later. At that time, they did not carry network news (even though they still had ABC radio network programmed into the board), only local "news," which was actually "community events calendar"-type stuff! Since this was the time of the first Persian Gulf War, the lack of real "hard" news was a sticking point with me! They also still didn't even have a CD player yet, even though record companies were phasing out 45s by that time. And we couldn't even play anything published, or even co-published, by ASCAP, because they owed ASCAP money! They went dark around 1995, and returned to the air in 1997. I saw a listing in the Broadcasting magazine in 1996 in which they had sold for just $27,000! I thought, the building alone is worth that! (A former coworker at my then-station told me that they had sold about a year earlier for "$1.00 plus assumption of all debt"!)
They have now been an all-satellite operation since at least 1997. They have gone through several formats since then. There is apparently never anyone in the building anymore, even during "normal business hours." I once tried to stop by and visit, but no one was there! I can't imagine what is the appeal of this station to the local McKenzie listening community anymore. I believe they carry Titans football, but you can already get that on other stations listenable from McKenzie. They have a presence on the web, at
http://www.whdmradio.com but I didn't see anything "local" on their website. It appeared to be a mirror site from the satellite company whose programming they are carrying.
An interesting learning experience for me, for my first broadcasting experience. Since I never had to "backtime" into a network news broadcast, I didn't learn until I started working at my second station that the times listed on 45s and CDs were often
very inaccurate!
Update on the website above, there is local news on there, but it appears to be a local insert on an otherwise "national" site.