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WQXI-AM sale closed: flipping imminent

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/2014/05/02/catching-up-with-gary-mckee-former-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?
 
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.
 
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
 
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.
 
Jerry Blum's BS Radio

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.
 
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.
 
Way to go Jerry. WQXI was ultimately worth less than $1-million. Some legacy you left behind. What a business man you were.

David is correct but also Jerry retired October 1st 1989*. That was over 27 years ago! How is 790’s demise his fault?

If you want to talk about "legacy": when he put WQZI's Gary Mckee on 94.1 IMHO that really gave "FM" a "boast" in Atlanta. So maybe he helped to kill AM earlier in Atlanta than most markets is part of his "legacy".

http://www.grhof.com/07 CAI JERRY BLUM.htm
 
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Misplaced disrespect!

Way to go Jerry. WQXI was ultimately worth less than $1-million. Some legacy you left behind. What a business man you were.

Why would you dis Jerry Blum about this? He retired from WQXI in 1986!
 
Why would you dis Jerry Blum about this? He retired from WQXI in 1986!

When Blum retired, WQXI would have sold for north of (in today's dollars) $30-40M...if you include 94Q well north of $150M. I'm guessing if you ran an operation like 790/94Q you're bound to make an enemy or two along the way.
Like him or not, those two stations were full tilt back in the day and Blum was the GM. That place made a ton of money!! I believe it was the top biller for a number of years while Blum was in charge.
 
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David is correct but also Jerry retired October 1st 1989*. That was over 27 years ago! How is 790’s demise his fault?

If you want to talk about "legacy": when he put WQZI's Gary Mckee on 94.1 IMHO that really gave "FM" a "boast" in Atlanta. So maybe he helped to kill AM earlier in Atlanta than most markets is part of his "legacy".

http://www.grhof.com/07 CAI JERRY BLUM.htm

When 94Q flipped to Star 94, they dedicated the flip stunt to "Jerry and Gary". Sounds like Jerry retired right before the flip.

http://formatchange.com/chr-94q-wqxi-fm-flips-to-hot-ac-star-94-wstr/

AM dying in Atlanta sooner than other markets was due to 1) an abundance of crappy signals that couldn't be picked up that far OTP as 2) suburban sprawl happened.
 
Wandering up Buford Highway the other day, I noticed the old AAMCO building at 4801 Buford Highway (old timers will be singing that as the jingle now) was sitting empty. Back in WQXI's heyday, that stupid store was a huge advertiser. Between that and Brake-O and HifiBuys ads, QXI must have been raking in the cash. Saw an old abandoned Brake-O the other day, too. Clearly I need to stop hanging out in neighborhoods with so many boarded up shops.

Do love KPOP so the new format works for me. Well, it would if I had an AM broadcast receiver anywhere. Nothing I own still has that band. That's kind of sad.
 
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