Re: WADN sold

[ASchinella <ASchinella@aol.com>]

Has anyone seen what the price of WADN went for? I know that when they were
trying to sell it when it was still folk, they couldn't get any buyers @
$450K. I am sure that Assabet got more than that now though. 

Tony

In a message dated 5/14/98 7:47:44 AM Eastern Daylight Time,
dan.strassberg@worldnet.att.net writes:

<< Yesterday's FCC actions contained a listing of an application to transfer
 control of WADN from Assabet Valley Communications (that's Ned Crecelius's
 company) to Money Matters Radio. I'm guessing that MMR shareholders include
 Todd Feinberg, GM; Rich Glynn, SM and President of New England Sports
 Marketing in Framingham; Barry Armstrong, President of New England Advisory
 Group, the Newton-based financial-advisory group that leases time for the
 Money Matters program (M-F 8:00-11:00 AM); and probably Dave Cohen, CPA, of
 Cohen and Habian CPAs in Boston (who lease time M-F noon-1:00 PM). Maybe
 Crecelius is retaining a minority interest. As we know from a number of
 posts here, Crecelius is now GM of WSMN. Do you suppose he's running WSMN
 under LMA or LMA to buy?
 
 If the acquiring group has or can raise the money to buy WKOX, they may be
 onto something. MMR could sell the 1120 frequency to Costa-Eagle, giving
 WNNW a full-time signal. This would make possible a move of WKOX's TX to the
 WADN site--perhaps the _only_ available site in eastern MA for WKOX's 50-kW
 upgrade. Even more remarkable, _no_ new towers would be required.
 
 Since, Armstrong, Cohen, and Feinberg appear daily on WADN (as does
 Glynn--in the commercials he sells; I guess Feinberg doesn't have the heart
 to tell Glynn to stick to selling; Glynn has _zero_ talent for writing or
 voicing commercials), it seems as if WADN's financial-talk format will run
 for a while. Of course, that's _if_ I've correctly doped out who the
 principals of MMR are. >>

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