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KOMO considering the purchase of 97.7FM for 6.75 million

FYI The article you link says they have already purchased it. So obviously they're beyond "considering the purchase."
 
fordranger797 said:
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I wonder how much they've already spent on renting 97.7 via LMA for the past few years?
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It is usual in these deals to have some of the rent money applied to an eventual purchase.
 
fordranger797 said:
So in that situation, is the 6.75 million the total amount in which the 97.7 facility is worth, or what they still owe on it?
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Wait for the FCC filing. That will show the payment.

Usually, when rent is credited to a station purchase, the sale is for a finite price with the "terms" indicating how much has already been paid by applying a rent credit. Of course, that does not always happen so I am just suggesting a possible scenario.
 
I'm thinking if Sinclair decides to sell their radio stations in Seattle, they should give them to Hubbard. However, Hubbard will need to unload one of their AM stations to stay within the FCC sub-caps. Entercom may be interested in acquiring one of Hubbard's AM stations, giving Entercom a total of 5 FMs and 2 AMs in Seattle, assuming they spin their required divestitures to Bonneville.
 
Sheesh..Not sure what the obsession is with Sinclair selling the Seattle radio stations.

Fisher had entered into the LMA/programming agreement with a first option, as a trial balloon to see if it helped with KOMO AM's poor night coverage into places South like Tacoma, Auburn and Kent. There were few other even quasi-Seattle signals available at a decent price, and simulcasting using KPLZ was off the table simply due to the amount of revenue KPLZ contributed. When the LMA began, the first right of refusal and purchase price was established before the start.
 
Kelly A said:
Sheesh..Not sure what the obsession is with Sinclair selling the Seattle radio stations.
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The "obsession" is because Sinclair declared themselves a TV-only company when they sold off their radio group around 20 years ago. Why keep non-strategic interests unless you can't get the price you want for them?
 
Rob Piotrowski said:
The "obsession" is because Sinclair declared themselves a TV-only company when they sold off their radio group around 20 years ago. Why keep non-strategic interests unless you can't get the price you want for them?
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True, but when Sinclair bought out Fisher Communications in 2013, Sinclair decided to keep Fisher's radio stations. However, with Sinclair's merger with Tribune pending, it would make sense for Sinclair sell the Seattle radio stations and WGN-AM in Chicago. Entercom may be able to acquire WGN-AM, since they should be able to own up to 5 FMs and 3 AMs in Chicago. Entercom will already own 5 FMs and 2 AMs in Chicago with the CBS Radio merger, so WGN AM would be a nice addition to Entercom's Chicago cluster.
 
Rob Piotrowski said:
The "obsession" is because Sinclair declared themselves a TV-only company when they sold off their radio group around 20 years ago. Why keep non-strategic interests unless you can't get the price you want for them?
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Radio station values are still pretty depressed. If the Seattle radio properties are a good contributor to regional or overall company cash flow, then it would be foolish to sell now. Rather, you hang on to them, allowing their contribution on the bet that the value of radio goes up, even a little. In the meantime, you wait until some group comes along to make you an offer you can't refuse. Another option; hold onto the stations as potential trade-bait for a TV in a particular market.
 
Rob Piotrowski said:
The "obsession" is because Sinclair declared themselves a TV-only company when they sold off their radio group around 20 years ago.
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Disney did the same thing about ten years ago when it sold all of their radio stations to Citadel. Yet in the last few years, they've selectively re-entered the radio business, LMA-ing a couple stations in NY and LA. Most recently, they added an FM translator to their one remaining Radio Disney AM station in LA.
 
TheBigA said:
Disney did the same thing about ten years ago when it sold all of their radio stations to Citadel. Yet in the last few years, they've selectively re-entered the radio business, LMA-ing a couple stations in NY and LA. Most recently, they added an FM translator to their one remaining Radio Disney AM station in LA.
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In LA, they never sold the two AM stations. And the translator was shut down within a couple of days of going on the air as it was not licensed to operate. The LMA in New York took place more than 5 years ago. Since then, they have been putting the Radio Disney format on some larger market HD-2 leased channels and they have been creating more Radio Disney stations in Latin America, where the format is for middle-income moms, not kids.
 
TheBigA said:
Disney did the same thing about ten years ago when it sold all of their radio stations to Citadel. Yet in the last few years, they've selectively re-entered the radio business, LMA-ing a couple stations in NY and LA. Most recently, they added an FM translator to their one remaining Radio Disney AM station in LA.
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The majority of Disney owned radio stations in this decade are mainly ESPN sports Talk radio affiliates except KRDC-AM Los Angeles.

https://en.wikipedia.org/wiki/KRTH

https://en.wikipedia.org/wiki/WBMP_(FM)

https://en.wikipedia.org/wiki/KLLC

the most notable current Radio Disney Affiliates are on subchannels of radio stations owned by CBS Radio (soon to be Entercom if Deal is finalized).
 
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