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RE: Lowell Spinners Owner Angry Over WCCM Sale
Speaking of Clear Channel and AMs...
What's up with WKOX? (They're CC, right?)
> -----Original Message-----
> From: email@example.com
> [mailto:firstname.lastname@example.org]On Behalf Of
> Sent: Wednesday, October 10, 2001 4:00 PM
> To: Dave Faneuf
> Cc: email@example.com; firstname.lastname@example.org;
> Subject: Re: Lowell Spinners Owner Angry Over WCCM Sale
> From a technical standpoint, WCAP is far and away the
> best AM facility in the Merrimac Valley. The station
> ought to be worth more than twice as much as WCCM. I
> don't think three times would be out of the question. I
> understand that the studio facilities are really
> antiqated and in poor repair but, in the overall scheme
> of things, studio facilities are not a major factor in
> valuing an AM.
> Since Entercom already has an FM licensed to Lowell, and
> since from time to time over the last few years, there
> have been rumors of Clear Channel buying Entercom, I can
> imagine a situation in which Clear Channel might find it
> worthwhile to make a play for WCAP. Surely, if CCU
> wanted 'CAP, they'd be likely to have the cash to meet
> Mr Cohen's price.
> eFax 707-215-6367
> > Add to the mix that the publisher of the local newspaper has tried to
> > purchase WCAP directly and through a number of front men and you can see
> > that WCAP's owner is going to be very selective about who carries the
> > torch from here. I personally know that he has been offered more than
> > the selling price for WCCM and turned it down without discussion.