6 station cluster in Illinois. When the meeting took place, the first thing the "buyer" wanted was to structure a terms deal for 25 years. Things you need to look at are: Is there a format hole to fill in the market? Im going to make this overly simplistic. When an FM station is deleted or cancelled, the allotment (or placeholder) remains, but no application can be filed until the next auction/application filing window. On November 10, 2015 Cumulus Medias stock price was valued in pennies, as in 27 pennies per share. The client put me in touch with his financial "backer". It is so worn down that you can barely tell it was once a complete structure. Current owner-operator is retiring for health reasons. $150K : The Top 22 , Andys Fiver Friday Episode 16 Benztown Branding Radio Imaging, Wanna Buy a Radio Station??? Banks and lenders are turning off the loan spigot to potential borrowers for media transactions. We are doing just fine. Find the best offers for your search vacant service station. Available for $690k. Orange County, CA. There are probably now several hundred thousand if not more broadband card equiped laptops. I feel that radio was more fun in the 60s and 70s than today. This converted fire stationoriginally built in 1887is now a converted building with both commercial and residential space. Trust the gas station broker professionals to present your gas station to the most qualified buyers and sell fast. Owned real estate. WCSN-FM (Sunny 105.7) is a unique station that serves Gulf Shores and Orange Beach Alabama. It has also been named by several online magazine sites as the #1 place to . If you run your radio station (or stations) like a glorified jukebox you will be in trouble because there are lots of other places to get music. Tatsuno Station is served by the old route of Ch Main Line (Okaya-Shiojiri branch) and is 9.5 kilometers from the branching point of the line at Okaya Station and 219.9 from the terminus at Tokyo Station.It is also a station on the Iida Line, and is 195.7 kilometers from the terminus of that line at Toyohashi 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. Another major factor to look at in evaluating a start-up property is the technical condition of the station. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 27 cents a share had a market cap of $63,460,000, $1.50 a share had a market cap of $134,210,000, Cumulus Media had an enterprise value of $2.468 billion, iHeart Media had an enterprise value of $20.54 billion, iHeart Media lists it debt at $20.588 billion, Cumulus Media has outstanding debt around $2.5 billion, radio industrys total spot revenues declined to under $14 billion, with total revenues just over $17 billion. Another major factor to look at in evaluating a start-up property is the technical condition of the station. FSRE27203. Updates . At 60 years of age, my places are fully paid for. If bankruptcy comes, the administrators will hopefully be more prudent than those that caused it. Filers can access ETRS by visiting the ETRS page of the Commissions website athttps://www.fcc.gov/general/eas-test-reporting-system. to see what else is available. Those who know what radio should be and can be will be fine. As Farid (or one of his minions) said, Radio sells itself! The following Silent Stations lists are generally updated twice each month. Second, it will take the people to demand Congress and the F.C.C. to complete the payout process for this membership. The auction for spectrum bandwidth for this starts next monthy. continue as a FREE MEMBER on the RadioTVDeals site. It pumps 100,000 gallons a month; store does $70,000 in gross sale a month; lotto. This leaves you with a margin of about $30,000 to have a station valued at $100,000 when you sign on. There is also a list available for silent AM broadcast radio stations. Perhaps you are correct..BUTEverything was doing nicely until the G word took over..think about itJBI. iHeart Medias stock was $1.50 a share that same day. Darryl, I had to post a link to this on my blog.it was a good read! 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. Then rich people, with no radio experience on the air, became station owners. [1] Fantastic opportunity to get into the Tuscaloosa area with Class A TV stations. How much up side is there in the market for a new radio station? Abandoned Train Stations for Sale. Five years later (1970-71) five of them were housed in an abandoned supermarket across from the fairgrounds. Only Station Serving The Beach Market! The real reason was that he and his democratic cronies had to find a way to pay back the big broadcasting companies for contributing to their campaigns. The Big Billy Kinder Outdoors Program is now heard Saturdays from 5-6 AM on WBAP-AM and several other stations around the North Texas area and is ready to grow. Also, some stations can be an artistic success and a commercial failure. Land was the only equity some radio stations had, especially many AM stations. A vintage RCA console left behind in the abandoned WFBR Radio Station in Baltimore. Of course, with my luck, I got mine about two months before the IPod Touch came out. Has there been lightning damage to the phasor system and other transmitter/audio processing components? We make sure our buyers understand the process involved in converting a former gas station into a usable commercial property. Only local station in beautiful community of 60k population. Hope you continue to do well. As the TV commercial says"life comes at you hard". Companies have just been trading stock. Darryl. 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. As a former owner, I will tell you it is a lot of work. Or. Located in a stable economic area with heavy community involvement and commitment as an ag resource. If not, then Lehman, Bear Stearns, Merrill Lynch, Countrywide might be the only outcome for Clear Channel. Railroad Photos. A common industry approach has been to factor the amount of revenue a particular facility may generate by looking at the amount of advertising revenue the station may be able to secure out of the total revenue available for radio in the market if it reaches a particular audience levelwhewgot that? iHeart Media alone is in hock by almost $20.6 billion. Gulf Shores has been named by Forbes as the third best town in the U.S. to retire. Scatter Charcoal In Your Home & Watch What . We have hundreds of potential buyers we can contact & present your RADIO or TV station to. I asked Clinton once why he thought the Telecommunications Act of 1996 was a good idea. Copyright 2019, RadioTVDeals.com. About our service. Rated Market TV station, license and equipment with leased T site, population coverage approximately 139000 Price $175,000 Electronic Mail: radio.usa@outlook.com ~ Voice Mail: 617-306-7939 anytime. We have 125 properties for sale for old service station, priced from $203,315 Change), You are commenting using your Facebook account. A meeting was set up with the seller, his banker and a partner in the deal and another broker with who I have had many year (30+) association. It will be 2 or 3 companies. Off . Since I originally wrote this I now have an IPhone. FM Super Translators do not count against the number of FM signals one owner in a market can control. Stations For Sale: California Wine Country- Consistently PROFITABLE This is the perfect radio station investment for someone who wants to be an IMPORTANT part of the local community, in one of the most desirable areas of the California coast. Schedule 396 must accompany these applications, the Broadcast EEO Program Report, also filed in LMS, regardless of the number of full-time employees. If you have a few thousand dollars of unused room on a credit card, feel lucky because that is about all you are going to get. That is why radio soared to begin with, and it is why radio is crashing except for those who did not accept the LMA agreement from 1996. Under the current public notice rules, television stations (including LPTV stations that originate programming) filing renewal applications must begin broadcasts of their post-filing announcements concerning their license renewal applications between the date the application is accepted for filing and five business days thereafter and must continue for a period of four weeks. WCSN-FM (Sunny 105.7) is a unique station that serves Gulf Shores and Orange Beach Alabama. CALIFORNIA WINE COUNTRY AM WITH TRANSLATOR: Co-brokered with Kozacko Media Services. Profitable year after year,even with covid. All the best. Price reduced to $790,000 - or 5 times Broadcast Cash Flow (National average is 7X BCF), TUCSON, AZ Abandoned Mansions. I talk to would-be broadcasters all the time that have no clue as to what it takes to put together a sales staffbut that will have to wait for another commentary. And you have some good comments coming in from others in the industry! Greater Raleigh Market- Gospel AM with FM. Each brokerage firm maintains its individual ownership, but the consortium allows collaboration between the companies in order to expedite the sale of listed properties, when needed. He and a seller had already struck a deal but he did not have a clue how to go through the "buying" process. How can they be losers? Like why do I heard sports discussions about the Reds, and it has less to do with the game and more to do with, can we afford that? I remember reading one of your commenters financial analysis of a blog topic and thought, this is really typical of the reasoning that appears to be the problem.. In both services, new station facilities are auctioned, as mandated by the Telecommunications Act of 1996. There goes the buyer's credibilityand maybe some of mine on how to "vet" a buyer. 1. The near future as I see itthose of us still around will have devices in our car/pockets/home that will be a combination of cell phone/TV/IPod equivalent/computer/Internet radio receiver. The N.A.B., F.C.C. Cash deals are king. The owner is motivated and has priced the stations together or individually. If you can use my services on a basis such as this, let's talk. He/She gave you the laon in the first place only because you promised him/her the marriage of your first born Dartmouth/Stanford.Harvard etc. 16/20 Bhera Police Station In Pakistan Is Run By Cows. Contact MCH Enterprises for details. There are a couple stations I work with in smaller and medium markets that super serve their markets and are anything but a jukebox. By contacting the agent listed. Your payment is in process for your "%package_name%" membership. web site, but to find out the specific call letters Copyright 1999 2023 GoDaddy Operating Company, LLC. Sellers want to talk to "qualified buyres" . 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. AM covers over 2 million in 60dbu contour. Asking for the two stations is $850,000 and there . Had the dream and goal of serving the community through a small-market station just before that infamous piece of legislation went into effect. 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. Of course, each company has other businesses and divisions, but their core business remains radio. IF this were a full-power FM the STICK VALUE would be $2 million+. SO, contact us directly to discuss the radio market that YOU are interested in. Give me a call. No revenue, minimal studio, out of state owner, excellent coverage of Melbourne. Are you still with WLW? If I had the money I would love to purchase a radio station. 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