WNTIRadio said:
Way-back-when, WOR's facility was designed to serve both NY and Philly; the "Broadcasting" front cover ads they had much of the time in the late 30's and early 40's often mentioned that coverage.
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WOR BREAKING NEWS!!!
- Thread starter RBRadioWaves
- Start date
Way-back-when, WOR's facility was designed to serve both NY and Philly; the "Broadcasting" front cover ads they had much of the time in the late 30's and early 40's often mentioned that coverage.
LA_Guy said:
That's a pretty typical large market loss. Radio One is said to have paid $400 million for The Beat in LA in the feeding frenzy days of consolidation. A much better facility was in effect offered for $85.5 million and the deal has, per Jerry del Colliano, been turned down by the potential buyer.
C
cd637299
Guest
Just curious as to OR's night signal in NYC & suburbs, what with all the Rebelde's from Cuba....
cd
cd
If Clear Channel is the buyer, the purchase can partially be seen as an insurance policy that its Premier talkers will be carried on a good signal in Market-One no matter what big rival Cumulus decides to do.
That probably makes WOR worth more to Clear Channel than to any other potential buyer. CC is maxed out on the FM side in NYC, and the other top AM signals are owned by its biggest rivals CBS and Cumulus, which are not likely to sell them any time soon.
CC can put Beck back on in NYC and pick up some revenue doing that, and WOR already carries Premier's Coast-to-Coast, and may be paying to have it there. Those payments would go into CC's pockets after a sale too.
Ultimately, CC's main reason for the purchase is NYC air-time insurance for its syndicated products, and WOR will likely carry as many as possible. What CC does in drivetime may be more interesting.
Rights to the Hannity show are shared by Cumulus and Clear Channel. IIRC, Cumulus originates the show in its studios and has the rights to it on all the affiliates that it owns, while Clear Channel has the rights to it for all non-Cumulus stations.
If this Clear-WOR thing happens, there likely will be interesting legal negotiations the next time Hannity's contract comes up.
On the other hand, Cumulus has been making noises about wanting to keep its programming and all revenue in-house. So, WABC may wind up as the station that gets more local programming, but Huckabee and Geraldo are both syndicated Cumulus, so the end result may be that New Yorkers have two big talk stations filled with syndicated talk shows, one all Clear Channel, and the other all Cumulus.
And in the short-term, some shows will be switching sides when their contracts run out. Limbaugh will go to WOR from WABC, and Huckabee will go to WABC from WOR.
Overall, the picture does suggest the rearranging of the deck chairs on the sinking Titanic of AM talk radio, but, hopefully, some new energy, and interest, will come to the format in NYC if all this rearranging does come to pass.
That probably makes WOR worth more to Clear Channel than to any other potential buyer. CC is maxed out on the FM side in NYC, and the other top AM signals are owned by its biggest rivals CBS and Cumulus, which are not likely to sell them any time soon.
CC can put Beck back on in NYC and pick up some revenue doing that, and WOR already carries Premier's Coast-to-Coast, and may be paying to have it there. Those payments would go into CC's pockets after a sale too.
Ultimately, CC's main reason for the purchase is NYC air-time insurance for its syndicated products, and WOR will likely carry as many as possible. What CC does in drivetime may be more interesting.
Rights to the Hannity show are shared by Cumulus and Clear Channel. IIRC, Cumulus originates the show in its studios and has the rights to it on all the affiliates that it owns, while Clear Channel has the rights to it for all non-Cumulus stations.
If this Clear-WOR thing happens, there likely will be interesting legal negotiations the next time Hannity's contract comes up.
On the other hand, Cumulus has been making noises about wanting to keep its programming and all revenue in-house. So, WABC may wind up as the station that gets more local programming, but Huckabee and Geraldo are both syndicated Cumulus, so the end result may be that New Yorkers have two big talk stations filled with syndicated talk shows, one all Clear Channel, and the other all Cumulus.
And in the short-term, some shows will be switching sides when their contracts run out. Limbaugh will go to WOR from WABC, and Huckabee will go to WABC from WOR.
Overall, the picture does suggest the rearranging of the deck chairs on the sinking Titanic of AM talk radio, but, hopefully, some new energy, and interest, will come to the format in NYC if all this rearranging does come to pass.
Say What?? ;D
In the latest PPMs WWPR 105.1 has a weekly audience (cume) of 3-million mostly young listeners that advertisers want, while WOR had a weekly audience of 626,000 listeners, with many, or most, much older than many, or most, big advertisers care to reach.
Most of the people who listen to 105.1, probably, never listen to AM. And blowing up a successful FM music station to simulcast a struggling AM talk station with very old demos, would be akin to taking your money out of the bank and lighting in on fire. And putting the same programming on both of these stations would be a waste of one no matter what format we were talking about.
So, the simple answer is: NO!
You're right, as long as they both agree they don't have to wait.
But, Cumulus might have reasons for wanting to.
TimeIsTight said:
KFI only carries Rush daytime, and C2C overnights. The rest of the weekday schedule is local. I don't think we can assume that the whole idea is to guarantee clearance.
That is certainly true, but the motivation could just as well be to build a better talker than WABC; if the KFI - KABC battle could be repeated, the revenue win would be significant.
CC is maxed out on the FM side in NYC, and the other top AM signals are owned by its biggest rivals CBS and Cumulus, which are not likely to sell them any time soon.
The normal model is that stations pay to carry C2C, plus giving inventory.
Mike said:
WWPR outbills WOR by several million, and probably has double the cash flow.
There were circumstances when WOR picked up C2C in 2010 that led to speculation that Premier agreed to pay WOR to take C2C.
WABC had been carrying C2C when Citadel suddenly dropped it, and started its own "Red Eye Radio" to take its place.
WOR had its own long-time syndicated overnight offering, The Joey Reynolds Show, which was carried on the station and the WOR Radio Network. And there were plans for it to be simulcast on NBC's New York digital TV station called "NonStop."
The Reynolds show seemed to be on its way up, with additional cross promotion TV advantages etc, when it was suddenly canceled and replaced by Coast-to-Coast. That led to speculation that CC had enticed WOR and sweetened the deal with extra cash, but that was only speculation, and WOR could have had other reasons for abruptly canceling its network offering.
After the radio cancellation, NBC was rumored to still be interested in the Reynolds TV show, but it never hit the airwaves.
DavidEduardo said:
Most anything is possible; and using your what if scenario regarding Clear Channel and WOR, it still comes down to - plain and simple - AM 710's total fair market value is determined by what anyone is willing to pay for it. In this case the question is "What is it worth to Clear Channel?" regardless why CC may want to add WOR to its New York City media portfolio.
How about a deal whereby Clear Channel and Buckley forge some sort of LMA rental agreement? Hadn't similar gradations of the rent-with-the-option arrangement occured at 101.9 and 98.7?
That means, the deal needn't necessarily be a matter of the Brinks stagecoach from San Antonio hiching up at 9:40 EDT (8:40 Central) and dropping off $25,000,000 in gold coins in exchange for the deed. Clear Channel gets to kick the tires for a few years. They also get to see how a similar format works down the road in Philadelphia on FM, and Buckley nominally keeps their most renowned AM legacy.
Such would account for the presence 'of some CC executives', rather than the building being surrounded by them.
I guess we find out in :45 minutes.
That means, the deal needn't necessarily be a matter of the Brinks stagecoach from San Antonio hiching up at 9:40 EDT (8:40 Central) and dropping off $25,000,000 in gold coins in exchange for the deed. Clear Channel gets to kick the tires for a few years. They also get to see how a similar format works down the road in Philadelphia on FM, and Buckley nominally keeps their most renowned AM legacy.
Such would account for the presence 'of some CC executives', rather than the building being surrounded by them.
I guess we find out in :45 minutes.
Having been in similar situations, I think our prayers for all the WOR* employees is called for.
* and anyone in any business that gets "summoned".
Sometimes change is good sometimes not. I forgot which company it was but several years ago a private company "sold out", and the owner shared with his employees some of the proceeds so they were taken care of financially. I wonder if this has happened in radio?
* and anyone in any business that gets "summoned".
Sometimes change is good sometimes not. I forgot which company it was but several years ago a private company "sold out", and the owner shared with his employees some of the proceeds so they were taken care of financially. I wonder if this has happened in radio?
B
Bob1370
Guest
The word on the NY Radio Message Board is that when the WOR staff meeting started (it's probably still going on asI write this at 10:07, it just started less than half an hour ago) there were Clear Channel top execs in the building. Make of that, what you will...
One interesting thing is, assuming they keep current local morning programming in place (and they usually do have a local morning show at their flamethrower signals) will this mean;
1)A return of Beck?
2)Rush at noon?
3)An all-Premiere schedule, bumping shows like David Patterson's and Joan Hamburg's?
The other is, what next for WABC? Will it be stuck with Huckabee at noon, or will they opt for a local show with more audience potential? This may be an opportunity for WABC to retool itself, especially in light of the fact that Don Imus is a short-timer with a contract soon to expire that he may not want to renew (heading instead west to the sunset, and the ranch).
This could get interesting, though it's unlikely talk radio in NYC will get the extreme makeover it needs. If it doesn't, the eventual winner is WNYC AM/FM, just like its noncomm counterparts in SF, DC and Boston which have soared to the top tier of the Arbitrons in other big PPM markets.
One interesting thing is, assuming they keep current local morning programming in place (and they usually do have a local morning show at their flamethrower signals) will this mean;
1)A return of Beck?
2)Rush at noon?
3)An all-Premiere schedule, bumping shows like David Patterson's and Joan Hamburg's?
The other is, what next for WABC? Will it be stuck with Huckabee at noon, or will they opt for a local show with more audience potential? This may be an opportunity for WABC to retool itself, especially in light of the fact that Don Imus is a short-timer with a contract soon to expire that he may not want to renew (heading instead west to the sunset, and the ranch).
This could get interesting, though it's unlikely talk radio in NYC will get the extreme makeover it needs. If it doesn't, the eventual winner is WNYC AM/FM, just like its noncomm counterparts in SF, DC and Boston which have soared to the top tier of the Arbitrons in other big PPM markets.
Clear Channel has bought WOR
http://www.allaccess.com/net-news/archive/story/109115/ccm-e-to-buy-wor-a-new-york
http://www.allaccess.com/net-news/archive/story/109115/ccm-e-to-buy-wor-a-new-york
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