Wed Apr 4 16:23:53 EDT 2007
Talking Costa/Eagle for a moment:
800 in Lawrence has no land - they lease their tower from Gowdy Family Ltd.
1110 in Salem/Lawrence has land - swamp land in summer - icy swamp land in winter - pretty much undevelopable (if that's a word) esp. with a handful of towers in the way.
1490 technically has some land (but the land is owned by The River 92.5) in Haverhill...so it could not be considered unless Steven Silverberg(?) is looking to develop...there was some scuttlebut that SS was looking to develop/build condos on Observatory Ave a few years back...
The only land that Costa Eagle has is a postage stamp sized piece of land behind their corporate headquarters at 462 Merrimack Street in Methuen...highly unlikely. Besides, at last check, there wasn't a whole lot of studio equipment that would be worth collateral at 462 Merrimack either.
-------------- Original message ----------------------
From: Sean Smyth <email@example.com>
> firstname.lastname@example.org wrote:
> > In today's WSJ, in the classified section, there is an ad in which an
> > Eastern Mass. Spanish radio station is seeking a loan for $2M to
> > develop some land. The station, which is not named, is offering its
> > license and studio eauipment as collateral.
> > Also,while perusing some radio brokerage firm sites, I spotted
> > another Eastern Mass. radio property, unnamed of course, for sale.
> > The AM station is called ''profitable'' ...
> > Speculation anyone? Do talk amongst yourselves while I run some
> > errands ...
> 800 in Lawrence would seem to be the clubhouse leader.
> Well, it could be 1110, but that's technically licensed to Salem, N.H.
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