Ill even fly corporate class instead of first class. I read your blog since you are an insider (as are many of your commenters), and I enjoyed your comments on WLW on Saturdays (hasnt been the same since). He immediately wanted to know the call sign of the station and all the particulars. A business built on Public Service, now based totally on Greed. With 3,700 square feet on the first floor and a 2-bedroom, 2-bath loft on the second floor, the listing asks $799,000 for its bare brick walls, exposed wood beans, and even a rooftop deck. And if theyre in trouble, so is the entire radio industry. The problem here is there are many pieces of the puzzle that have to be put together to get an idea of what the numbers should be. Priced at $850,000. Both iHeart Media and Cumulus have also been selling tower sites (or land) to create cash. Maybe too many people have seen those real estate shows on late night TV that purport to show you how to buy $5 Million worth of real estate, with no money down and flip it the next week for $10 Million and think they can put that to work in the radio business. The other way to look at a companys worth is by its enterprise value.. You said business is good if youre a small operator, he took/stated as business is good only in small market. If you today, are putting together a business plan for a radio station broadcasst company, major market or notjust plug in the numbers for Internet streaming and programming and get with the program. More details . The items to upload by this date include: Television License Renewal Applications Due Applications for renewal of license for television stations licensed toNew Jersey or New Yorkmust be filed in LMS. Asking: $1,000,000. Ten years from now will radio as we have known it for 80+ years still exist? AGREEMENT. If you are doing your first dealthe more the seller is going to want to know about your finances and your ability to raise money before information about a property is forthcoming. In fact, the fewer people that know a station is for sale the better as far as many owners are concerned. !what happenbed to his ability to do a cash deal? Let's talk. Abandoned Train Station. On November 10, 2015,Cumulus Media had an enterprise value of $2.468 billion, while iHeart Media had an enterprise value of $20.54 billion. Gammon Miller, LLC - Christopher Miller All EAS Participants are required to register and file in ETRS, with the following exceptions: Mark JorgensonJorgenson Broadcast Brokerage. Back to how to evaluate a non-cash flowing station or a dark station ready to go back on the air. Old Abandoned Houses. Market #62, Voted "Best in the West" - We have 2 different stations available, St. Louis After review, the staff may grant Special Temporary Authority for a period not exceeding 180 days, but extensions may be approved upon the submission of a new STA extension request. Using a Broker like myselfsome buyers and sellers are of the view that they don't need the services of a broker. Asking $250,000 - includes all real estate. The following on station financing has been prompted by conversations I had once with a 'backer" of a first time buyer. has lobbied to allow foreign ownership of broadcast stations. If you can't hae equity when you sign on, walk away. Well thats going to take a few things. Darryl, I had to post a link to this on my blog.it was a good read! That real money did come in and now the two biggest radio companies, Cumulus and iHeart Media, are in big time trouble. I do not want to discourage anyone from realizing your dream of oning that first station. I agree, when bankers took over radio, they didnt realize what it took to make a station a success. At 60 years of age, my places are fully paid for. Description: This branded gas station, with a spacious convenience store, is located on one of the major highways on Long Island. There has been TOO MANY radio stations for a long time. When you miss your sales projections, go back to the banker and refinancejust like the Big Boys.and use them as the industry standard. The following Silent Stations lists are generally updated twice each month. I explained what I needed and he immediately became very belligerent that they did not need to provide any information until they knew what the station was and so forth. Clifton Gardiner & Company, LLC - Cliff Gardiner Attractive HD lease adds an additional 1 million potential pop count. What I am getting at is you want to get into the Radio/TV business and can raise the equity..step right this way. I know. NORTH CAROLINA Cluster covers about 50% of state pop, operational efficiency is maximized by centralized location of main (but minimal) studio. Amtrack is also adding WiFi to many stations and much of the train system. Id love to buy a radio station cheap! He verbalized, on air, what I thought was clearer thinking (at least to me). | dxradio.de, Weekend Reading: Average Cumulus Radio Station is Worth $125k. Kudos to your perseverance! Circuit (Kidd Communications v. FCC 2005 U.S. Appeals) financing may even be harder to get than before. The signal will cover over 800,000 people in the primary 60 dbu contour, and over a million for in-car listening. Do you have a construction permmit for AM, FM or TV? Per FCC policy, the reporting period may end ten days before the report is due, and the reporting period for the next year will begin on the following day. How are other stations in town doing and why? And you know what happens when you assume. Had the dream and goal of serving the community through a small-market station just before that infamous piece of legislation went into effect. Do either need to be painted (tower), repaired or even replaced? For additional information related to silent AM and FM stations, please see Silent AM and FM Broadcast Stations. When the levee breaks Ill have no place to stay. I may be able to help if Publishers Clearing House isnt happening. to complete the payout process for this membership. Enter ZIP code or city, state as well. These people made radio interesting and fun. Bill and I worked together 40 years ago at his hometown station in Mineral Wells, Texas. High Volume station at a very busy intersection is up for sale. For additional information related to silent AM and FM stations, please see Silent AM and FM Broadcast Stations. Change), You are commenting using your Twitter account. All of the little guys (an FM and/or a small AM with a two-holer studio) needed and an engineer once in a while, to fix whatever. What are the construction costs? youre interested in and well check If he wanted more money for the CP, he was going to have to do something to increase it's valuemove it, upgrade itor even build it and prove it's viability as a broadcast business. Synergies will save the day, more jobs will evaporate into the morass of syndication, voice-tracking, and hubbing. 698 ICC Filings. 7 Comments. There will be no stations sold for next to nothing! You will have proven that the facility really has not been a dump all these yearsit just did not have the benefit of your programming/sales/engineering genius. In the case of a station that has never show a positive cash flow, you need to determine the reason. To paraphrase that old New York City TV pitchman Crazy Eddie, The prices areINSANE!, Get more insight and thoughts in 140 characters on Twitter by following me@darryl_parks, Tags: Bill Clinton Congress Cumulus Cumulus Media Enterprise Value FCC Federal Communications Commission iHeart Media Market Capitalization NAB National Association of Broadcasters President Clinton Telecommunications Act of 1996. I know this point is covered in several places but it's worth repeating. I asked Clinton once why he thought the Telecommunications Act of 1996 was a good idea. Both the seller and I need to know up front where the money is coming fromso don't get your feelings hurt when I ask. Catch the show website at. Those who know what radio should be and can be will be fine. Amazing empty properties for sale with plenty of potential. One of which is in the trust. This is now spilling over into my business. A recent transaction that I was involved in and its failure to close directly relates to the above three "facts of life." I had one client send me his brokerage house account print out. I may have some joint venture money available to build the station and get it licensed before the CP dies. A vintage RCA console left behind in the abandoned WFBR Radio Station in Baltimore. (Of course, there is the IPhone that also has IPod capabilities built inand now the new IPods have email in themsoon there will be a total merge of devices). This is where the question is asked"Is the Internet going to be a foe of the station or a tool to be used by it? | Home of BroadcastJim, Leo Laporte Cant Even Get Anyone to Call The Tech Guy Anymore | TWiT Drama, Deregulation? But you are going to have to tell me where you expect to get the money to buy the station you wantand in many cases, you are going to have to have the money before you start looking for your station. The N.A.B., F.C.C. Price reduced to $790,000 - or 5 times Broadcast Cash Flow (National average is 7X BCF), TUCSON, AZ Mortgage your future. I once had a phone call from a prospective buyer wanting to kjnow if I had any stations available in a particular marketas a matter of fact, I did. Seller is looking to retire and wants to find buyer willing to take these stations to the next level. Last Update: 3/22/2021. AM covers over 2 million in 60dbu contour. Beautiful 4 season market-with lakes & skiing. Also, some stations can be an artistic success and a commercial failure. Baltimore is an under-radioed market, sandwiched between Philadelphia and DC, both Top 10 Nielsen Markets Baltimore has fewer stations than Portland Maine. business school educated son/daughter to their loser offspring. If you are not putting out a digital signal (and I am not talking about HD Radiothat is another story) parallel with your analog you are rapidly falling behind the times. If you didnt write it you were out! Windsor Hotel The Windsor Hotel was built in 1875, catching Jacksonville's tourist boom with a firm grasp. My example of this would be I would rather own: A station in town A, town B and city C than all the Cumulus or Iheart stations in the Memphis area. These filters are returning legitimate mail in errorplease advise me if this happens. Only Station Serving The Beach Market! My company didnt do that? ), the National Association of Broadcasters (N.A.B. Such a station might have a format that appeals to a significant audience but the station is unable to sell enough advertising to capitalize on the station's own success. Broadcasting is not what it was even 10 years ago. Darryl, This problem all dates back to shortsighted, greedy owners who sold out for a quick buck in the 80s and 90s. If you are looking to buy your first property or have one to sell, let's talk. Model Railroad. In the 90s the radio station o worked for forced all of its own employees to write their congressman and senator urging support of the consolidation legislation. I explained I had a station that might fit his criteriabut I would have to have some evidence of financial ability to close a $2.5 Million transaction before releasing any information about the station in question. I remember being called in November 2004 while the FCC Allocation Auction was in progress. 7) Elkmont. SelectHEREto complete the payout process for this membership. RadioTVDeals.com is the nation's LARGEST marketplace for radio stations for sale and TV stations for sale or radio stations for LMA (lease) and TV stations for LMA (lease). They have not bought a CD in some time, by the way. It is imperative that every licensee of a silent station notify the Commission in writing when broadcast operations resume. RadioTVDeals helps radio and television station brokers (otherwise known as media brokers) and radio and TV station owners sell their station (s). Abandoned radio station Built 1947 - 1950First I want to mention, that video isn't filmed by me, but person who filmed it wanted me to upload this video to t. Trust the gas station broker professionals to present your gas station to the most qualified buyers and sell fast. Find the best offers for your search vacant service station. So these stories of debt and likely bankruptcy must be wrong. The F.C.C. How about offering something they cant get for themselves.like personality, information, introducing them to great new artists/music, all the stuff that makes radio fun and important to listen to. NO Hurricanes -NO Tornadoes-NO Snow-NO forest fires & NO local paper!This AM/FM is the ONLY game in town of over 50,000. It pumps 100,000 gallons a month; store does $70,000 in gross sale a month; lotto. local TV stations will be able to broadcast direct to Smart Phones & TabletsBYPASSING the CELLULAR & INTERNET providers. It was obvious from the start that the buyer was a rookie. Fake callers? 6 Best Balance Transfer Credit Cards Of 2023. Looking for something specific? The station owners deal was his commission on /all/ business generated from his and the satellite-delivered stations. I feel that radio was more fun in the 60s and 70s than today. ARIZONA AM W/TRANSLATOR: S. Arizona AM with FM Translator. Will it need to be replaced? Only FM Group in Resort Area of 40K Pop. There are lots of projects out there just waiting for you. Available for $690k. The letter or e-mail should include a brief explanation of the reason for ceasing operation and a projected date (if possible) for the station's return to licensed operation. All broadcasters as we know them today if they want to stay in business will have everything they put out on the air to be fed to the Internet. Are you still with WLW? Skiing in the winter, hiking and mountain biking in the summer. 8639 Sqft; Posted on 10/12/2022. It mirrors my dilemma, finding an alternative to the current angry white male programming or Willies Jerry Springer look alike. On Star Trek, the Ferengi have their "Rules of Acquisition". Clinton was the keynote speaker. Where have I heard this before? The Exline Company - Andy McClure Tower ), repaired or even replaced a very busy intersection is up for sale with of... You sign on, walk away properties for sale with plenty of potential on /all/ business generated from his the. Happenbed to his ability to do a cash deal 40 years ago at hometown. Act of 1996 was a good idea thinking ( at least to me ) radio station is Worth 125k! 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