Boston AM dial 50 years ago

[Rob Landry]

The 2006 deal was a simple sale of Charles River Broadcasting to Greater 
Media for $100 million, and a simultaneous swap of 99.5 to Nassau in 
exchange for a station in the Philadelphia market. I believe Nassau also 
got some cash from Greater Media too.

To this day the FCC Web site lists the licensee of WKLB as "CHARLES RIVER 
BROADCASTING COMPANY".


Rob

On Wed, 27 Nov 2013, Garrett Wollman wrote:

> <<On Wed, 27 Nov 2013 10:04:40 -0500 (EST), Rob Landry <011010001@interpring.com> said:
>
>> For the stockholders the sale could not have been better timed. Greater
>> Media paid $100 million for WCRB, but three years later Nassau sold the
>> current WCRB 99.5 FM to WGBH for only $14 million.
>
> How much did Greater get from Nassau for 99.5 and the WCRB
> intellectual property/goodwill?  That would help establish what the
> actual "stick value" of 102.5 was thought to be at the time.  (Since
> Greater Media is a private company, there's no easy way to find out at
> what value they currently carry 102.5 on their books.)
>
> -GAWollman
>