Re: Vikings upset Karmazin

["Dan Strassberg" <Dan.Strassberg@worldnet.att.net>]

WBCN changed hands most recently maybe three years ago. I thought it was
that same deal that brought WZLX to Infinity. The acquiring company had to
assign values to each acquired property, because it acquired several
stations at the same time as a package. I distinctly remember that the value
assigned to WBCN was $97 million--the most ever paid at the time (and I
think still) for a radio property in the Boston market. I don't know what
value was assigned to WZLX, which at the time, wasn't quite as highly rated.
So, although the two properties are technically equivalent, WZLX probably
went for a bit less ($80 million?).

--

Dan Strassberg, dan.strassberg@worldnet.att.net
Phone: 1-617-558-4205, eFax: 1-707-215-6367

-----Original Message-----
From: SteveOrdinetz <steveord@wavewizard.com>
To: boston-radio-interest@bostonradio.org
<boston-radio-interest@bostonradio.org>
Date: Wednesday, April 26, 2000 12:34 AM
Subject: Re: Vikings upset Karmazin


>At 02:40 PM 4/25/00 +0000, dan.Strassberg@att.net wrote:
>>But at the price
>>Infinity paid for WBCN, that was $700 million worth of
>>stations that he could have gotten for maybe $7 million
>>30 years earlier. Even if you take the time value of
>>money into account, I think his companies--if they
>>existed 30 years ago--would have been way ahead.
>>
>
>
>Didn't Infinity buy WBCN back in the late 70s?  I'm pretty sure they were
>one of their original properties.  Dunno if Mel was at the helm in those
>days though.  They can't have paid that much for it---back around then 'COZ
>was whuppin' 'BCN pretty good, and WBCN was still stuck at Woodstock.