Re: Vikings upset Karmazin

[dan.Strassberg@att.net]

Umm, no. If the average price of all AMs sold in 1999 
was $x in 1999 dollars and the average price of all AMs 
sold in 1970 was also $x in 1970 dollars, no inflation 
adjustment should be necessary to compare the 1970 and 
1999 sale prices in the dollars that were current at the 
time of the sales. What such a stistic would tall us is 
that, in inflation-adjusted dollars, the average selling 
price of AMs was significantly lower in 1999 than it was 
in 1970. I could believe that.

> >Dan Strassberg wrote:
> >Years and years ago (I have no idea when--the 70s,
> >maybe), Cox acquired KFI, arguably the best AM facility
> >in the US. There were still Class IA clear-channel
> >stations at the time and KFI was one. Moreover, KFI is
> >on 640 kHz, the lowest frequency of any such station in
> >the US. If I recall, the selling price was $110 million,
> >which I believe was the highest price ever paid up to
> >that time for any US radio station.
> <snip>
> 
> 
>         When such a long time has elapsed, you need to adjust for inflation
> to make a good comparison of the prices.
> 
>