Re: NorthEast Radio Watch 2/11: Doing the Greater Media Shuffle

[Dib9@aol.com]

What's the point of structuring a deal in this manner?

-- Dan Billings, Bowdoinham, Maine

In a message dated 2/11/00 11:31:12 PM Eastern Standard Time, 
fybush@world.std.com writes:

<< Boston-based Marlin Broadcasting is selling its remaining stations to
 Cox for $125 million...but fans of the classical music on WBOQ (104.9
 Gloucester) or the rock on Hartford's WCCC (106.9/1290) have nothing
 to fear.  That's because Marlin owner Woody Tanger is buying those
 stations back from Cox for $25 million, leaving Cox with the one
 Marlin property it really covets: classical WTMI (93.1) down in
 Miami.  Tanger has done buy-backs like this in the past: A few years
 ago, he sold WTMI, along with Detroit's WQRS and Philadelphia's WFLN,
 to American Radio Systems, then bought WTMI back.  As for those
 classical music fans in Miami?  Hard to imagine there won't be a
 format change down there sometime soon...especially with WTMI's
 program director staying with Tanger's beethoven.net Webcasting service. >>