Re: Vikings upset Karmazin

[Mark <bostonradio@yahoo.com>]

--- Dan Strassberg <Dan.Strassberg@worldnet.att.net> wrote:
> 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?).


Try $199 million for WBCN-FM and $135 million for WZLX-FM. That was
in 1996 when Westinghouse/CBS bought Infinity. Yes, WBCN's pricetag
was the highest for any Boston radio property up to this point.
The third highest price? Probably a tie between Kiss and Mix. In 1995,
WXKS-FM was sold by Pyramid to Evergreen for $79 million but that
price included AM 1430. WBMX-FM was valued at $75 million(in the CBS
merger) when ARS cashed out in 1998.

WBCN is surely the highest valued FM station in town, but WBZ-AM
is probably the highest valued station overall.


Mark


> 
> --
> 
> 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.
> 

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