3782 Sqft; 0.09 Ac. 334 followers. Please keep in mind that we have Keep your head down. I think business could be good for a small operator in all markets. Unless you have the cash in the bank, cash flow to borrow against and a good track record in this business as a successful operator of broadcast stationsor a lot of rich friends that have given you an irrevocable letter of creditor a portfolio of blue chip stocks, you are not going to get a broadcast loan in this lending climate. What are these worth? You said business is good if youre a small operator, he took/stated as business is good only in small market. The buyer did not have financibng in place or written assurance that he was qualified before contracting to buy a station. At 60 years of age, my places are fully paid for. Copyright 1999 2023 GoDaddy Operating Company, LLC. Ive worked nearly every job in the radio business. IF this were a full-power FM the STICK VALUE would be $2 million+. It was obvious from the start that the buyer was a rookie. People will listen if they want to be informed or entertained with humor or music. I had one client send me his brokerage house account print out. Buy a station for $50,000 and put $20,000 into it to get on the air. Karl, What company was that? RENO, Nevada A fragmented radio industry, mostly made up of mom-and-pop stations back then, would consolidate and once the big money of Wall Street discovered this high cash flow business, there would be incredible innovation. Frankly, some stations, in some locations, will never make any money EVER. Each list only includes stations that have been silent for more than 2 months. Im not sure how you put that genie back into the bottle though. Railroad Photos. More is not always better, I will take two or three stations serving a two or three financially stable communities over 25-100 stations that dont program to the community they serve and have no vested interest in them, other than to say they have a bunch of radio stations. iHeart Media alone is in hock by almost $20.6 billion. ARIZONA AM W/TRANSLATOR: S. Arizona AM with FM Translator. Now the lenders are whining because the poor schmucks they conned into taking out such a loan are unable to make the nut every month. Second, it will take the people to demand Congress and the F.C.C. In financial circles, a companys worth may be judged by its market capitalization and/or its enterprise value.. Call it what you want, but when a radio company starts selling its real estate, its nothing but a good old fashioned fire sale. He/She gave you the laon in the first place only because you promised him/her the marriage of your first born Dartmouth/Stanford.Harvard etc. Are you still with WLW? Deleted or Cancelled Stations. I call BS on the corporate losers who claim that radio isnt doing well because of the Internet. High debt and radio not being able to afford to do radio anymore. It started when home loan lenders started making stupid loans. I was contacted by a gentleman with several years experienbce in various phases of the broadcast industry who said he wanted to buy his first radio station and he knew the type of format he wanted to do. $150K : The Top 22 , Andys Fiver Friday Episode 16 Benztown Branding Radio Imaging, Wanna Buy a Radio Station??? JBI. FM Metro in Top 25 Market Network of 3 full power FM stations that is VERY profitable & priced right for a quick sale. We agreed to a set fee and he paid me a large part of it up front. Then after four or five years of putting money in the bank, yhou call your favorite station broker (ME) to find a new buyer who wants a solid CASH FLOW MACHINE in place to buy. As a result of a 2005 case in the U.S. Court of Appeals for the D.C. 1. SOLD! And if theyre in trouble, so is the entire radio industry. Each list only includes stations that have been silent for more than 2 months. . In the case of AM stations, the potential applicant must await the next application filing window period, and at that time file an application for a new AM station, including all technical showings to demonstrate the lack of interference to other AM stations. 2010 International Gang Section Hi-Rail Truck 28,000 miles Price: contact Location: UT. and let Clear Channel and Cumulus drown in their debt that was incurred in an effort to take over the world. INFO Harold Bausemer Voice Mail: 617-306-7939 ~ Electronic Mail: radio.usa@outlook.com anytime 24/7/365, Off-Market: Radio Group with BCF @ $3M, Off-Market: NYC FM stick ~ END, stay tuned. Cluster covers about 50% of state pop, operational efficiency is maximized by centralized location of main (but minimal) studio. We are a part of a group of four independent firms working together to expand coverage. Some in the larger markets saved $1M on programming costs by parting with successful talentsonly to see their revenue reduced by twice the savings. On Star Trek, the Ferengi have their "Rules of Acquisition". I need to know something about you." The problem is when a company owns more stations than they need to. Beautiful 4 season market-with lakes & skiing. Produced by Bill Kinder and his wife, Robin. If you today, are putting together a business plan for a radio station broadcasst company, major market or notjust plug in the numbers for Internet streaming and programming and get with the program. Many assumed the President along with these groups would have the publics interest, convenience and necessity in mind when crafting these new rules. Off . Circuit (Kidd Communications v. FCC 2005 U.S. Appeals) financing may even be harder to get than before. !what happenbed to his ability to do a cash deal? If Publishing Clearinghouse ever shows up at my house, I am starting a Christian radio station here in North Carolina, probably a non-profit, so I can donate tons of money to it and keep it running all by myself and not worry about who is going to support my radio station. About the comment on selling stockIf is the operative wordWhat :If they did not sell their stock? Its probably less than 1%. I may be able to help if Publishers Clearing House isnt happening. Baltimore is an under-radioed market, sandwiched between Philadelphia and DC, both Top 10 Nielsen Markets Baltimore has fewer stations than Portland Maine. Companies have just been trading stock. Smart broadcasters today are already doing it. Of course theyll go to Pandora, Spotify, etc. Analog and digital low power television (LPTV) stations that operate as television broadcast translator stations; FM broadcast booster stations and FM translator stations that entirely rebroadcast the programming of other local FM broadcast stations; and. The corporate reality and daily insecurity tells us to shut up, lay low and stay under the radar. Abandoned Castles. It is managed by JR East. There are many "deals" out in the market that are not advertised by the sellers. For the little guy or local Ma & Pa this may become a golden opportunity to buy into radio broadcasting if the stations in the fire sales come with some tangible property, studios and tower site. However, the hub station (or common studio or control point) is required to register and file in ETRS. and those in Congress will sellout the people to the highest bidder and the N.A.B directs the government in the interests of these companies. You will want to see these. What are the construction costs? Good sales and profitability. Most bankers (99%) do not understand the broadcasting businessif it does not have a car or boat title attached they are without a clue. That, in effect, swallowed jobs and put paid to the goals of any indie broadcasters (like me) of owning small stations. Heritage radio cluster in year-round tourist and retirement market. Like 5 Comments |. Hope you continue to do well. With this combined brain power and political and business clout, what could possibly go wrong? and Congress could care less about the people and their needs. Current owner-operator is retiring for health reasons. ), the National Association of Broadcasters (N.A.B. Theyre bankrupt.. Silent AM Station List. If you didnt write it you were out! When you enter the location of old fire station for sale, we'll show you the best results with shortest distance, high score or maximum search volume. How are other stations in town doing and why? The initial sellers? Today's abandonment: The Eagle Mountain Railroad. If you are looking for a radio station purchase and want a different set of eyes to help with due diligence we can help with thisand for sellers needing to make a property have more 'curb appeal'this is a service offered also. If all you offer is a tiny play list of the same dreary, trite hits, why would anyone listen? WCSN-FM (Sunny 105.7) is a unique station that serves Gulf Shores and Orange Beach Alabama. business school educated son/daughter to their loser offspring. IF you want an excellent FM signal in this highly desirable Hispanic market, please contact us SOON. The problem here is there are many pieces of the puzzle that have to be put together to get an idea of what the numbers should be. Brian J., Ill fly coach! PRICE $429,000 ~ INFO Harold Bausemer, Voice Mail 617-306-7939 ~ Electronic Mail radio.usa@outlook.com, Cap City Station transacts without format or business model, basic/legal studio. Change). Confidentiality: Modern studios & beautiful real estate included. other stations that we can not list on this site Abandoned farms for sale from only $48k. Sacramento, CA. Bill and I worked together 40 years ago at his hometown station in Mineral Wells, Texas. Like why do I heard sports discussions about the Reds, and it has less to do with the game and more to do with, can we afford that? I remember reading one of your commenters financial analysis of a blog topic and thought, this is really typical of the reasoning that appears to be the problem.. It is in this context that your blog is so interesting. High Volume station at a very busy intersection is up for sale. Per FCC policy, the reporting period may end ten days before the report is due, and the reporting period for the next year will begin on the following day. Yeah, my finger hovered over the share button but insecurity prevailed. A lot! I think I will start "Garland's Broadcast Rules of Acquisition". Both the seller and I need to know up front where the money is coming fromso don't get your feelings hurt when I ask. There will be no stations sold for next to nothing! Various Tank Cars For Sale CPC-1232s, 111A, 117Js and 117Rs etc. Well, as my partner and I comprised a broadcast engineering firm in a market with a couple of big guys and a number of 80-90s (we built the smallest and best sounding), we did fine. Railroad Equipment. 1. I rode in such a car last Spring. It is almost impossible to get a bank loan on a small market (or any radio station) deal todayas a result I need small market stations that the seller can "tote the note" on. Car Wash & Gas Station in Orange County. I have been in this business long enough to have seen this happen two or three times. In the present business cimate, some experienced buyers are not going to get loans unless they have "outside" assets to pledge against a loan. Peoria Illinois. INFO: Voice Mail 617-306-7939 ~ Electronic Mail: radio.usa@outlook.com. You got that right, Darryl. Here we go again I wrote a column mentioning that the current business model for radio is a failure, that the supposed cost savings never materialized and that radio cannot survive in its current state. All the best. Today if you buy a construction permit (CP) and build out the stationit may still be worth less than the money you put into it. Well thats going to take a few things. It's been left empty ever . We help people interested in buying radio stations or TV stations find the right station to purchase. It is a broker's stock and trade to know what stations are for sale and what owners can be talked into selling if they are not actively marketing their properties. Startups always take more money than you think!!! The experience resulted in the short film, 'Tennessee Wonderland' that you can watch online. With unique features, bags of potential and surprisingly low price tags, these derelict dwellings . There are several scholarly tomes on broadcast or radio station valuation (Search: broadcast station valuation). All broadcasters as we know them today if they want to stay in business will have everything they put out on the air to be fed to the Internet. Abandoned Houses. The arrangement recognizes that individual firms working together can provide an additional layer of excellent, financially qualified buyer prospects Give me a call. Owner motivatedreduced to $675,000. Asking Price is $790,000. Struggling broadcasters could now survive because of clustered ownership, allowing multiple stations in each market, and benefiting from economies of scale. More details . The other way to look at a companys worth is by its enterprise value.. Are the copper radials in the ground damaged or corroded away? If you run your radio station (or stations) like a glorified jukebox you will be in trouble because there are lots of other places to get music. A station owner is not going to want to disclose to his staff and competition that a station is being sold on the hope that a buyer can qualify to obtain financingand then have the deal go south because the money did not materialize. BEAUTIFUL Facilities, Beautiful Location.VERY successful long-time local FM operation ready for the next owner. In 2014, the radio industrys total spot revenues declined to under $14 billion, with total revenues just over $17 billion. When he came to the microphone everyone of these broadcasters stood up and cheered. Very few stations are going to be sold on a "this transaction is subject to Buyer being able to secure financing" type contract.