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You have got to be kidding! 1400 AM up for sale. But who would buy?

Mike Sheridan

Mike Sheridan

Star Participant
WFLL - 1400AM / 107.1FM
Huge Signal- AM, with FM translator serving Miami & Ft. Lauderdale, FL market
Broadcasting to the 11th ranked radio market. This market has over 4.5M residents and the station has a powerful signal to several outside areas. $1.1M
This Station (WFLL 1400AM and W296DK 107.1FM)
WFLL 1400AM is a station in transition. After losing its tower in a hurricane, the station received a Construction Permit to diplex with Multicultural's WEXY 1520AM at a centrallylocated site in Broward County. The diplex construction project was completed this summer.
WFLL is licensed to Ft. Lauderdale and is authorized to broadcast a non-directional 1,000 watt signal day and night using one of WEXY's two towers. The WFLL transmitter is a new solid state Nautel. WFLL 1400AM's new transmission facility provides excellent day and night coverage of Broward County, northern Dade County, and southern Palm Beach County; some
of Florida’s most densely populated and wealthiest communities. There are over 4 million permanent residents living within WFLL's 0.5 mV/m contour, 2.1 million within its 2.0 mV/m, and 1.3 million within its "City Grade" 5.0 mV/m contour. The nearest 1400 kHz co-channel station is more than 100 miles north of WFLL in Ft. Pierce.
As part of the recent "AM Revitalization Act," WFLL contracted to purchase an FM translator which will be moved to Ft. Lauderdale to rebroadcast the AM programming. W296DK will transmit a slightly directional pattern with 99 watts on 107.1 MHz from a height of 384’ on a TV tower near the Hard Rock Stadium in Miami Gardens. The translator's 60dBu contour will cover over 750,000 permanent residents with a listenable signal extending from Ft. Lauderdale to Miami Beach. The translator CP expires March 21, 2018.
The AM/FM combo is being offered for sale with no program or employee agreements and no advertising contracts. There is also no studio lease or studio equipment. The buyer will need to provide its own studios. It will be a "clean slate" on 1400AM/107.1FM to program and operate in any form the new owner desires. WFLL-AM will be delivered at closing as a fully-diplexed and licensed facility. The tower lease is $4,200 per month with an initial 5-year term and two additional 5-year options.
W296DK will be sold as a Construction Permit. The buyer will be responsible for building out the translator CP and negotiating the tower lease. The 1400AM / 107.1FM assets are being offered for sale for $1,100,000 cash at closing
 
Huge signal? Really? 1000 watts at 1400 kHz? The main thing you're buying is the translator.

The price is about right if you combine it with another station. That means the list of possible buyers is limited.

The real story is the owner is taking a huge loss on the property. He paid over $5 million for it just two years ago, and has had a ton of headaches since then.
 
For the low low price of $1.1 million, you can buy a $4,200 a month money pit with no revenue (no sales contracts) and no ability to produce revenue (no employees, no programming).

I think a yacht might be a better investment.
 
PTBoardOp94 said:
For the low low price of $1.1 million, you can buy a $4,200 a month money pit with no revenue (no sales contracts) and no ability to produce revenue (no employees, no programming).
Click to expand...

That's why I say this only makes sense if you're adding it to a cluster. And even then, you're only really buying the translator. In a market where all the translators are gone, it might make sense to someone.
 
PTBoardOp94 said:
For the low low price of $1.1 million, you can buy a $4,200 a month money pit with no revenue (no sales contracts) and no ability to produce revenue (no employees, no programming).

I think a yacht might be a better investment.
Click to expand...

The $4,200 a month plus the rent for the translator!

Ha, the translator is just a couple of clicks down from 106.7 the former FM partner.
 
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