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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