F
FredLeonard
Guest
WBUX was in Bucks County (Doylestown). WCOJ is in Chester County (Coatesville). Neither was in Delaware County.
I see a double standard in your comments. If a station active in its community goes down elsewhere, so what? Just business. If a station goes down here you live, oh no! That's a tragedy.
WDEL-TV was severely mismanaged by owners more concerned with their Lancaster, New Mexico and Arizona properties. Independent VHF stations thrived in other top ten TV markets in the 50s: New York, LA, Chicago, Detroit, Washington, San Francisco-Oakland, Dallas-Ft. Worth but not Philadelphia-Wilmington. In just a few years, independent UHF stations started to prosper in the region, even though most sets could not receive UHF at the time and their coverage areas were smaller.
Responsible companies provide a product or service of value to others and get a fair profit in return. WBUX was owned by the author James Michener who lived in Doylestown. His heirs decided to cash in. WCOJ's owner made a deal with a venture capital firm to buy a bunch of other stations. When the venture capitalists (or vulture capitalists) didn't see a big enough return soon enough, they dumped the guy and started selling for cash. It's the usual combination of greed, arrogance and incompetence with the various stakeholders (employees, listeners) losing out.
I see a double standard in your comments. If a station active in its community goes down elsewhere, so what? Just business. If a station goes down here you live, oh no! That's a tragedy.
WDEL-TV was severely mismanaged by owners more concerned with their Lancaster, New Mexico and Arizona properties. Independent VHF stations thrived in other top ten TV markets in the 50s: New York, LA, Chicago, Detroit, Washington, San Francisco-Oakland, Dallas-Ft. Worth but not Philadelphia-Wilmington. In just a few years, independent UHF stations started to prosper in the region, even though most sets could not receive UHF at the time and their coverage areas were smaller.
Responsible companies provide a product or service of value to others and get a fair profit in return. WBUX was owned by the author James Michener who lived in Doylestown. His heirs decided to cash in. WCOJ's owner made a deal with a venture capital firm to buy a bunch of other stations. When the venture capitalists (or vulture capitalists) didn't see a big enough return soon enough, they dumped the guy and started selling for cash. It's the usual combination of greed, arrogance and incompetence with the various stakeholders (employees, listeners) losing out.