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

[Kevin Vahey]

In 1975, Dick Richmond had a meeting with Red Sox owner Tom Yawkey who was
livid about the format change on WHDH-850 from MOR to soft Top-40.

Richmond happily agreed to make 1510 a MOR station to get the Red Sox
contract which in turn increased the sale value of the station -
Incredablily the switched happened at the end of the 1975 regular season
and the Red Sox postseason games moved to 1510. That was not a major issue
for the first 2 playoff games at Fenway which were played in the afternoon
but Game 3 was at night and the WMEX signal became a big issue.

But Richmond worked out a lease deal with WWEL (107.9) and fans of that era
begrudgingly migrated to FM.

Richmond then sold the station to Mariner Communications who owned WLW-AM
in Cincinnati who in turn sold out to Jaycor that would become Clear
Channel and now iHeart.



On Mon, Jan 20, 2020 at 9:50 PM Ron <obrienron2@gmail.com> wrote:

> >> WCRB 102.5 FM in Boston, was sold to Greater Media for $100 million.
>
> And that was for ONE station.
>
> How many years later did the entire Gr Media company sell for, what,
> $200-220 Million?
>
> Reminds me of the mortgage crisis, when people were underwater with their
> loans, trying to meet the mortgage payments.  Inevitably, someone who see
> their peeling pain and deduce that these people "don't care about their
> property".
>
>
>
> -----Original Message-----
> From: Boston-Radio-Interest
> <boston-radio-interest-bounces@lists.BostonRadio.org> On Behalf Of Rob
> Landry
> Sent: Sunday, January 19, 2020 6:58 PM
> To: A Joseph Ross <joe@attorneyross.com>
> Cc: boston-radio-interest@lists.BostonRadio.org
> Subject: Re: Late Night - Early AM on WBZ-AM is now Mr. Computer
>
>
>
> 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
>
>