What's the dillio with 107.5 WGPR?
The Time Brokerage Agreement between WGPR, Inc. and Urban One's subsidiary (Bell Broadcasting Company) expired on December 31. Yet, Hot 107.5's programming continues to air!
Paragraph 13 and Schedule 18 contain some interesting language. The former requires Urban One to "cooperate" in transitioning WGPR back to its its pre-TBA operating condition. The latter basically grants Urban One privileges akin to a right of first refusal (regarding any future TBA or outright sale of the station) up to six months following the Termination Date - i.e. up to six months following December 31, 2019.
There seem to be no murmurs about any other broadcaster being interested in WGPR!
Ostensibly, the Free & Modern Masons (the equity interest holder in WGPR, Inc.) could always try to negotiate a deal with Urban One to acquire Hot 107.5's intellectual property, but why bother? The station has been one of the weakest FM billers in the Detroit market for years. There are several FM stations in Grand Rapids that rake in more revenue than Hot 107.5! Typical FM station in Detroit bills between $4 million and $10 million annually; I believe Hot 107.5 has been hanging around the $2 million mark.
The Time Brokerage Agreement between WGPR, Inc. and Urban One's subsidiary (Bell Broadcasting Company) expired on December 31. Yet, Hot 107.5's programming continues to air!
Paragraph 13 and Schedule 18 contain some interesting language. The former requires Urban One to "cooperate" in transitioning WGPR back to its its pre-TBA operating condition. The latter basically grants Urban One privileges akin to a right of first refusal (regarding any future TBA or outright sale of the station) up to six months following the Termination Date - i.e. up to six months following December 31, 2019.
There seem to be no murmurs about any other broadcaster being interested in WGPR!
Ostensibly, the Free & Modern Masons (the equity interest holder in WGPR, Inc.) could always try to negotiate a deal with Urban One to acquire Hot 107.5's intellectual property, but why bother? The station has been one of the weakest FM billers in the Detroit market for years. There are several FM stations in Grand Rapids that rake in more revenue than Hot 107.5! Typical FM station in Detroit bills between $4 million and $10 million annually; I believe Hot 107.5 has been hanging around the $2 million mark.