Re: [Fwd: WQEW make your move])

[Dib9@aol.com]

In a message dated 12/30/98 12:46:50 AM Eastern Standard Time,
lawyer@world.std.com writes:

<<  As the sole stockholder, you can do what you want.  And that, of course,
is the tragedy of the Communications Act of 1996, that it makes such ownership
so much
 less possible >>

The law does not make sole ownership impossible, it simply increased the value
of stations and many individual owners decided to cash in while the market was
strong.  The former law artificially reduced the value of radio stations by
limiting the number of stations a company could own and therefore reducing the
number of potential buyers and the value of stations.  The 1996 law
immediately made stations more valuable and many owners decided to sell to
corporations that could offer high prices.  The law did not make it impossible
for sole owners to compete.  Nearly everyone on this list seems to think that
most public corporations do a poor job running their stations so the sole
owners should be in a good position to compete.  The reality is that many
decided to sell because their stations became so much more valuable when the
law changed.

Dan Billings
Bowdoinham, Maine

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