CBS Selling off 50 Stations
Aaron Read
readaaron@friedbagels.com
Mon Aug 4 09:54:07 EDT 2008
Those numbers could conceivably be "cheap" enough to put them within the
reach of WSHU or Connecticut Public Radio, via a loan from Public Radio
Capital. Especially WZMX, which would be a coveted property by either
entity since it's centrally located and covers most of CT pretty well.
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Aaron Read | Fried Bagels Broadcast Consulting
readaaron@friedbagels.com | Gen.Mgr. WEOS 89.7FM Geneva, NY
Rochester, NY 14618 | (315) 521-0569 cell
WRCH - $50,000,000
WTIC FM - $27,000,000
WTIC AM - $18,000,000
WZMX FM - $15,000,000
$110,000,000 for approx. $10,000,000 in BCF.
Not exactly a fire sale, but it's clear to see why radio stocks continue
to take a beating in public trading.
As for WURH, I think they - Bain & Lee through the Aloha Trust - will
try to sell that as a stick to a Spanish operator as the sole member of
the Trust is a woman who was the CFO for Entravision for some time and
she is well versed in Spanish format radio. David Tomm hit the nail on
the head in his response.
Alan
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