RE: Lowell Spinners Owner Angry Over WCCM Sale

["Paul Hopfgarten" <hopfgapr@sprynet.com>]

Speaking of Clear Channel and AMs...

What's up with WKOX? (They're CC, right?)

-Paul Hopfgarten
-Derry NH

> -----Original Message-----
> From: owner-boston-radio-interest@bostonradio.org
> [mailto:owner-boston-radio-interest@bostonradio.org]On Behalf Of
> dan.strassberg@att.net
> Sent: Wednesday, October 10, 2001 4:00 PM
> To: Dave Faneuf
> Cc: billo@shoreham.net; markwats@mediaone.net;
> boston-radio-interest@bostonradio.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.
> --
> dan.strassberg@att.net
> 617-558-4205
> 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.
>