WQXI-AM sale closed: flipping imminent - Page 7
Page 7 of 7 FirstFirst ... 567
Results 61 to 66 of 66

Thread: WQXI-AM sale closed: flipping imminent

  1. #61

    Join Date
    Jan 2006
    Location
    The ATL, OTP
    Posts
    3,269
    Quote Originally Posted by secondchoice View Post
    IIRC WQXI was owned by Jefferson Pilot. Pre 80-90 there were several insurance companies that owned broadcasting properties. National Life owned WSM AM, FM and Channel 4 in Nashville. Not to be outdone Life and Casualty of Tennessee owned WLAC AM, FM and Channel 5 in Nashville. Nationwide Insurance Co. owned a bunch of stations. Insurance Companies use to look for stable investments with positive cash flows. They also tended to look a little longer for return on investment than today’s companies. Insurance Companies could be thought of as “deep pocket” investors that tended to look years or decades ahead.


    Not knowing the cash flow inner workings of the old Jefferson Pilot, I would not be too sure that 790’s profit paid (or would be allow to pay for) for Channel 11.

    But you are correct to state that the old WQXI / 790 made a whole lot of money. They could afford pay Gary McKee $17,000 (TAKEHOME!!) every two weeks.*


    *http://radiotvtalk.blog.ajc.com/2014...rmer-94q-host/
    I thought Pacific and Southern sold WQXI-TV/WXIA to Combined Communications pre-JP...? Or was Pacific & Southern another insurance company bought by JP, similar to how Lincoln bought JP?
    "When broadcasting over the radio, there are certain words we must omit.
    Like 'BEEP' and 'BUZZ' and 'GOBBLE-GOBBLE', by gosh we can't even say shhhhhaving cream!"

  2. #62
    Quote Originally Posted by jabba17 View Post
    I thought Pacific and Southern sold WQXI-TV/WXIA to Combined Communications pre-JP...? Or was Pacific & Southern another insurance company bought by JP, similar to how Lincoln bought JP?
    You are correct that Pacific and Southern sold WQXI-TV to Combined Communications. In fact until recently, the Pacific and Southern name would show up as a credit at the end of WXIA's newscasts. I suppose that was how WXIA's corporate structure was set up.

  3. #63
    DrAkbar's Avatar
    Join Date
    Oct 2003
    Location
    Buckeye Media Hut
    Posts
    3,646
    Pacific & Southern also owned WWDJ in Hackensack, NJ. 97DJ was in the unenviable position of competing against 50kw WABC at the time listenership was migrating to FM. The station was also the inspiration behind WVWA (aka NINE!) https://www.youtube.com/watch?v=hsHYp4k7fFw
    Dr. Akbar 'n Nurse Jeff
    The Middle Eastern Men of the Media
    Buckeye, AZ

    Cage free consultancy makes for more natural advice. Plus Nurse Jeff is certified hormone free!

  4. #64
    Quote Originally Posted by DrAkbar View Post
    Pacific & Southern also owned WWDJ in Hackensack, NJ. 97DJ was in the unenviable position of competing against 50kw WABC at the time listenership was migrating to FM. The station was also the inspiration behind WVWA (aka NINE!) https://www.youtube.com/watch?v=hsHYp4k7fFw
    I remember reading an interview with Kent Burkhart, who headed programming for Pacific & Southern at the time. He said he had told top management that WWDJ did not have the signal to compete with WABC, and management did not want to hear it.

  5. #65

    Jerry Blum's BS Radio

    Quote Originally Posted by inATLradio View Post
    Just caught word that we will soon have Korean radio on 680 in Atlanta. Could be as soon as 9a tomorrow morning. Woohoo, right?
    Way to go Jerry. WQXI was ultimately worth less than $1-million. Some legacy you left behind. What a business man you were.

  6. #66
    Quote Originally Posted by dsweiss View Post
    Way to go Jerry. WQXI was ultimately worth less than $1-million. Some legacy you left behind. What a business man you were.
    The changes in listener preference from AM to FM were not of Jerry Blum's creation. And the expansion of the Atlanta MSA to a 20 county area that an old regional channel could not cover was, similarly, not his doing.
    www.americanradiohistory.com
    Broadcasting Magazine and Yearbooks, RCA Broadcast News, Television Magazine, Radio Annual, Radio News, Sponsor, Television/Radio Age, R&R, Duncan's American Radio, M Street Directory, Broadcast Engineering, db, and more.

Page 7 of 7 FirstFirst ... 567

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  




     
Our Conferences
Useful Contacts
Community


Contact Us