There seems to be a lot of smoke indicating Beasley will simply keep its existing cluster and sell the Greater Media stations in Charlotte. Unless it's worried about DOJ implications, that doesn't make much sense to me. Of course, I'm also not the one who just spent $240 million on radio stations. So, take that for what it's worth!
They have no choice but to spin off something in Charlotte.
Between the stuff they got from CBS in the swap not too long ago, and now this buy, they are over the FCC ownership and probably % of ad revenue for the market.
No big deal....
When CBS bought ARS, they had to put some stations into trust pending a sale to a willing buyer.
It has happened in other places.
To my knowledge, Charlotte is the only market where there is an issue, and Beasley will do what they have to do in order to stay below the station count cap and percentage of market revenue restrictions.
They will get WBCN, an extended band AM with syndicated conservative talk... I bet that goes for short money when they spin it off.
I wonder if they will bring the calls back to Boston before letting the property go?
the one thing that sucks is all the people that have been axed not only in the Boston cluster, but across the whole Greater Media landscape.
Now I have always had a lot of respect for Peter Smyth, but he has taken GM off the rails as of late IMHO.
have you heard his interview from Radio-Ink?
what a crock of crap...
https://soundcloud.com/radio_ink/peter-smyth-interview-july-2016