Globe: Deal could keep WCRB classical (on 99.5)
Tue Jun 27 23:26:50 EDT 2006
The interesting thing is that Nassau is buying the intellectual
property (and most likely the music library) of WCRB as well as the
99.5 signal. If classical does not pay the bills on the terrestrial
station in years to come, they could easily keep the World Classical
Network going on their other stations along with an internet stream,
while changing the format of 99.5 or spinning it off (at most likely a
decent profit) to Clear Channel, Salem or Entercom. If it works,
great. If not, they'll make their money when they liquidate. There's
little risk and much to gain for Nassau in any scenario.
On Jun 27, 2006, at 5:48 PM, Laurence Glavin wrote:
>> Why, they'll make it up in volume, of course!
>> Remember that WCRB/World Classical Network already provides the
>> programming for the four "W-Bach" stations Nassau owns in Maine,
>> and it's likely that Nassau will end up with WFCC on Cape Cod as
>> well by the time the dealing's done. So the theory would seem to be
>> that the $$ being spent for WCRB will also bring Nassau a source of
>> programming that it can use on other stations (the company's saying
>> as many as ten more) in years to come.
> The radio biz doesn't seem to be improving; Nassau would have to keep
> costs REALLY low to generate a PROFIT that could go toward retiring
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