In an
earlier post in another thread, I theorized that Entercom had a strategy to nuke WCMF. Yes, it was extreme, but not altogether outside the realm of possibility. A long shot.
Maybe it's all coming into focus with the
Rochester Fall book. Look at those WRMM numbers! It's the most wonderful time of the year!
Are WCMF, WPXY, WFKL and WZNE being bundled for sale while Entercom retains WRMM, pending DOJ approval? Yes, there are billing and audience market caps, but astute attorneys are paid to work out those issues. As noted previously in this thread, selling two Class B's and two Class A's as a bundle might be far easier than spinning a cluster of 2 Class A's and a Class B.
This riddle gets more interesting every day.
Regarding Christmas music on WRMM: It's always intrigued me that stations that do well with Christmas music trumpet those ratings as if they occured every month of the year. Clearly, they're an anomoly. The stations that are realizing big Fall numbers are doing so as a result of four weeks of Christmas music. OK, one third of the book. Essentially, these stations
changed format for a month. If you were an advertiser on the "Christmas" station during those four weeks, life was good. Wooo-hoo! But if you're buying advertising in February based on the Fall "Christmas" book, it's like buying an over-priced stock that had a good four week run, inflating its year-to-date value. Would you pay $100 a share for a stock that's really worth $30 a share? Lots of buyers do. Yeah, I know, that's what four book averaging is all about. I've seen that game of three card monty a few times.
As to the
Buffalo Fall book, it looks like WJYE did far better with Christmas music than did WTSS. And WBLK apparently isn't a fluke.
And speaking of Rochester riddles, have former WCMF jocks been invited to re-apply for their former jobs? And is there really an essay portion to the exam... err, application? For 200 points on the SAT, answer the following question: "Why I want to work for Entercom." Points off for spelling and punctuation errors. Aha! It's a ruse to weed out guys who can't spell. Wonder if that Wease guy is interested in going back to work?
Still time to enroll at Sylvan or Princeton Review, Brah. Uhhh, but Entercom won't pick up the tab for that.