Re: Alex Beam column

[Mark Shneyder <bostonradio@yahoo.com>]

I don't know if that's technically possible but
financially speaking it's not going to happen
because Salem is done acquiring stations here 
and elsewhere. And company's future is very much in doubt.

They're about to go public with an IPO to get
themselves out of  a heavy debt and cover operational
losses they'be been suffering in the past two years.
They already lost over a million in the first qtr of this year.
WEZE and other underperforming Salem properites were
placed in a trust a couple weeks ago which probably
means a quick firesale once the IPOs hit the Street...

A new owner for 590 by the end of the year? Very likely.



- --- Sven Weil <sven@lily.org> wrote:
> 
> I'm sure WEZE (Salem Communications) could buy and shut down TAG-58 -
> that sort of thing is not unheard of (and not uncommon unfortunately).
> ROW-59 in the C.D.  might be more of a problem....
> 
> --
> Sven F. Weil
> e-mail: sven@lily.org
> World Wide Web: http://www.lily.org/~sven
> 
> 
> On Fri, 4 Jun 1999, A. Joseph Ross wrote:
> 
> > On 4 Jun 99,  Dan.Strassberg@worldnet.att.n wrote:
> > 
> > The real beneficiary might 
> > > be WEZE, however. If 680 were gone from the Burlington 
> > > site, WEZE could probably use the site and could 
> > > probably increase its daytime power to 50 kW and get 
> > > some sort of increase in night power as well. 
> > 
> > Wouldn't that cause problems with WTAG 580 in Worcester and WROW 590 in 
> > Albany?
> > 
> > 
> > ==================================================================
> >  A.Joseph Ross, J.D.                                 617.367.0468
> >  15 Court Square                             lawyer@world.std.com
> >  Boston, MA 02108-2503              http://world.std.com/~lawyer/
> > ==================================================================
> > 
> 
> 

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