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When banks own radio stations

scwis's picture
December 11, 2009 - 03:43 — scwis

Which will apparently be quite soon!

Those leveraged buy-outs that drove massive consolidation seem to have come back on the financiers with a vengence.

Read about that here: When Banks Take Control of Radio, By Jerry Del Colliano

So, wanna buy a radio station? Banks are numbers driven and love cash - with the consolidators out of the picture, a small station with limited resale potential could be an easy buy in a few months.

No, we'll never get a crack at an urban blow-torch, but a rural AM with restricted night power and a horrible P&L could proabaly be plucked from the portfolio for a bit of ready cash...

Comments

January 9, 2010 - 00:58 — Carl Blare

Inspiration

A banker at my bank almost hired me to transfer an 8mm tape to a DVD, but he disappeared and is either laid off or transferred. But here's my inspiration.

If you ask your banker whether the bank owns a radio station, if the answer is "yes," let him know you just happen to be a radio manager (you manage a Part 15 station!). Maybe you can go to work for your bank.

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Carl Blare

January 26, 2010 - 16:09 — scwis
scwis's picture

Early signs of the big sell off to come?

According to a recent blurb in the famous and well connected DCRTV

"Radio Disney Sells VA Outlet - 1/26 - That Radio Disney outlet you can often hear in the DC area on 1650 AM, WHKT from the Norfolk area, has been sold for $350,000 to a group that will probably flip it to religion. Disney paid $1,075,000 for the stronger 1650 and a nearby weaker AMer back in 2002. Ouch..."

If an AM station in one of the most expensive media markets in the nation is selling for a third of its recent purchase price, well, keep your eyes peeled, folks, the "for sale" signs might be going up around the country...

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Experimental broadcasting for a better tomorrow!

January 28, 2010 - 14:45 — scwis
scwis's picture

More Radio Disney stations up for sale

From Inside Radio

"Disney is erasing any doubts it plans to sell more Radio Disney owned-and-operated stations. In a series of FCC filings, it alerts the agency it is taking five stations off the air while it moves forward with their sale."

mediaservicesgroup.com has been a broker for Disney in the past and currently has quite a few listings...

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Experimental broadcasting for a better tomorrow!