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July 16th 09, 03:50 PM
posted to rec.radio.shortwave
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Oh, Eduardo - Major market FM prices keep falling!
Booble wrote:
The New York Times will ultimately get $45 million as part of a three- way deal in New York for Class B classical FM WQXR in the country’s largest market. From atop the Empire State Building, WQXR’s signal contour reaches 15,367,000 people, suggesting a station metric of only $2.93 per-person — a very low number even by recent historical standards. Appraiser David Schutz tells Inside Radio, “It’s still a painful pill to swallow in the new reality.” He believes it puts last year’s two much-talked about Los Angeles deals into perspective. Radio One sold urban AC “V-100” KKBT (100.3) to Bonneville for $137.5 million. More recently Emmis struck a rent-to-own $110 million sale of rhythmic AC “Movin” KVMN (96.9) to Grupo Radio Centro. With New York’s WQXR going for just a fraction of that, Schutz says it seems to be a continuation of the downward trend in major market valuations. http://tinyurl.com/lpmd5j Get the corporations out of broadcasting! |
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