Late Night - Early AM on WBZ-AM is now Mr. Computer

[Rob Landry]

On Fri, 17 Jan 2020, A Joseph Ross wrote:

> Funny, I thought the price of radio stations was getting higher and higher 
> after the Telecommunications Act.

There was a speculative frenzy. Everyone thought they could buy a station, 
run it for six months, and sell it at a higher price to a bigger fool. The 
fools all bought their stations on credit, and those who ended up the 
greatest fools were stuck with debt loads they couldn't carry.

At the height of the frenzy, my place of employment, WCRB 102.5 FM in 
Boston, was sold to Greater Media for $100 million. Three years later, 
when its successor, WCRB 99.5 FM, was sold to WGBH, it went for a mere $14 
million.


Rob