Written communications regarding silent stations should be mailed to: The following Silent Stations lists are generally updated twice each month. I call BS on the corporate losers who claim that radio isnt doing well because of the Internet. Consistently profitable. LOL I hope you are doing well. We agreed to a set fee and he paid me a large part of it up front. Some in the larger markets saved $1M on programming costs by parting with successful talentsonly to see their revenue reduced by twice the savings. I get email on my cell. Most bankers (99%) do not understand the broadcasting businessif it does not have a car or boat title attached they are without a clue. Buy a station for $50,000 and put $20,000 into it to get on the air. About our service. High Volume station on busy intersection. There will be no stations sold for next to nothing! to see what else is available. We all know what is wrongthe question ishow do you fix it and give radio back to the people and get it out of the board room? In financial circles, a companys worth may be judged by its market capitalization and/or its enterprise value.. One of our former competitors was the full time engineer. When I asked for some background info on his finances, he started to get huffy and said he needed to kow more about the station before he provided me with such 'private' information. Market #77- new FM- El Paso TX is BIA Market #77, and that is NOT counting any of the Mexican side of the border. ), the National Association of Broadcasters (N.A.B. Washington, DC 20554. Asking: $1,000,000. 1,458 Railroads. A common industry approach has been to factor the amount of revenue a particular facility may generate by looking at the amount of advertising revenue the station may be able to secure out of the total revenue available for radio in the market if it reaches a particular audience levelwhewgot that? This leaves you with a margin of about $30,000 to have a station valued at $100,000 when you sign on. I do not mind workingn with new broadcasters. Im partners in a stand alone FM in Indiana. I do have broadcasters that are interested in leasing out HD signals. Purchase or Lease Price: varies Location: USA. The members actively communicate with each other and discuss industry information and trends. What are the construction costs? RadioTVDeals helps radio and television station brokers (otherwise known as media brokers) and radio and TV station owners . The caller was bidding on several permits and wanted to know how much he could flip the construction permits for after the auction was over? You will have proven that the facility really has not been a dump all these yearsit just did not have the benefit of your programming/sales/engineering genius. I would suggest you contat your FCC councel and discuss how this case could affect your ability to secure financing. Is it an unfortunate combination of circumstances that has led to a succession of owners who had no clue as to what to do with the station? Today we have the Internet and all the media innovations it is spawningand we are not finished yetso dive in. Two hours from regional airport hub. All the best. Then rich people, with no radio experience on the air, became station owners. Abandoned Train Station. If you don't have FCC counsel, I can suggest some to contact. This is frequently becaused the station has not developed a proper sales force. Beautiful 4 season market-with lakes & skiing. opportunities. Notifications and Requests for Special Temporary Authority (STA). 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. 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. *** This is the last update using CDBS data. The price was going to be in the $10MM range. Interest rates are at historic lows, yet iHeart Media is paying, in one case, as much as 14% on its notes. 117 Properties from $75,000. PRICE $429,000 ~ INFO call Harold Bausemer 617-306-7939 or Electronic Mail radio.usa@outlook.com. Financials: Asking Price: $330,000 + SAV. Please also back it up with an email. But that is just me. We dont need sales people. Land was the only equity some radio stations had, especially many AM stations. When an FM station is deleted or cancelled, the allotment (or placeholder) remains, but no application can be filed until the next auction/application filing window. There are lots of projects out there just waiting for you. Darryl. You guys complaining about too many radio stations, have no idea what this FM translator boon, is going to do in the next 18 months. It has also been named by several online magazine sites as the #1 place to visit in Alabama. Asking for the two stations is $850,000 and there . RadioTVDeals.com is the nation's LARGEST marketplace for radio stations for sale and TV stations for sale or radio stations for LMA (lease) and TV stations for LMA (lease). SOLD! Find the best offers for your search vacant service station. We have 2 FULL-POWER FM stations in communities that are part of the Reno METRO, but will not cover the city of Reno itself. Are you still with WLW? You need to go on the air with a station rehab or a new-build CP with equity built into the deal from Day Number One. So these stories of debt and likely bankruptcy must be wrong. All of the little guys (an FM and/or a small AM with a two-holer studio) needed and an engineer once in a while, to fix whatever. (Of course, there is the IPhone that also has IPod capabilities built inand now the new IPods have email in themsoon there will be a total merge of devices). The following Silent Stations lists are generally updated twice each month. Perhaps you are correct..BUTEverything was doing nicely until the G word took over..think about itJBI. Where there is no cash flow, it is the perceived value of what the license is worth plus any hard assets the station may havecommonly referred to as the "stick" or base value. Well thats going to take a few things. His response, They cant. Now what? SelectHEREcontinue as a FREE MEMBER on the RadioTVDeals site. Ill even fly corporate class instead of first class. iHeart Media with a stock price of $1.50 a share had a market cap of $134,210,000, meaning each of its approximately 850 radio stations are worth approximately $157,894 a piece. Is it AM or FM? Another major factor to look at in evaluating a start-up property is the technical condition of the station. Station does 220k. Hey Burt: If you or someone you know wants to invest in a very experienced radio station manager, let me know I got a station I want to buy. Amtrack is also adding WiFi to many stations and much of the train system. FM Metro in Top 25 Market You Own The Market! Here is a numbers exampleround numbers for simplicity. If you will, send me information about yourself and your company. Silent FM Station List. Today talented people are told not to be funny or creative. In 2014, the radio industrys total spot revenues declined to under $14 billion, with total revenues just over $17 billion. 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. Oh, wait, but thats harder than just airing voice tracks and 25 songs in computer rotation, Darryl, you have one of the best radio voices that Ive ever heard. If you don't have an FCC attorney (and you should have one) call me and I can recommend an excellent one with many years in the business. The country of Pakistan is full of police stations that were deemed "no longer needed." This particular one was built long ago, back in 1870, and has since been abandoned. The problem is when a company owns more stations than they need to. And you know what happens when you assume. Gammon Miller, LLC - Christopher Miller Strong cash flow dating back several years - including through the pandemic. Change). You can reach us anytime at (800) 933-0673. How are other stations in town doing and why? At 60 years of age, my places are fully paid for. However, it is important to note that a formal consultation must be undertaken and buyers will need to cover all costs for . Price reduced to $790,000 - or 5 times Broadcast Cash Flow (National average is 7X BCF), TUCSON, AZ I recently returned from vacation. JBI. On Star Trek, the Ferengi have their "Rules of Acquisition". Whoa! Darryl, I had to post a link to this on my blog.it was a good read! Jim, I was at the same convention. Failure to conduct an engineering inspection can be a costly mistake. Schedule 396 must accompany these applications, the Broadcast EEO Program Report, also filed in LMS, regardless of the number of full-time employees. Heritage radio cluster in year-round tourist and retirement market. What a weak excuse. Lists are generally updated monthly. Back to how to evaluate a non-cash flowing station or a dark station ready to go back on the air. But wait programmatic buying will save the day! Both iHeart Media and Cumulus have also been selling tower sites (or land) to create cash. President Clinton was right before Stevie Nicks. Jen Grimble 6/12/2022. He went on to star as the "Jay" of the #1 Jane and Jay show for many years at KJNE-FM in Waco and did a 20 year afternoon drive gig at KSCS-FM in Dallas-Fort Worth. Model Railroad. Click Here for Details. The lesson here is secure partners and financing before trying to buy. I have often asked, How do you screw up free? These companies did. Trucks. I read your blog since you are an insider (as are many of your commenters), and I enjoyed your comments on WLW on Saturdays (hasnt been the same since). (I have one) that I can listen to any Internet streamed radio station while I use my laptop while traveling. The Commission still has discretion to terminate licenses under existing revocation and cancellation policies in situations in which the automatic expiration provisions do not apply. To get the answers, hire a competent broadcst engineering firm to do an evaluation. TThere are many owners who are reluctant to allow us to advertise their stations on the website, afraid that their employees or advertisers will find out that their station is for sale. It is of the utmost importance The auction for spectrum bandwidth for this starts next monthy. We have been doing basically the same thing for 33 years. To paraphrase that old New York City TV pitchman Crazy Eddie, The prices areINSANE!, Get more insight and thoughts in 140 characters on Twitter by following me@darryl_parks, Tags: Bill Clinton Congress Cumulus Cumulus Media Enterprise Value FCC Federal Communications Commission iHeart Media Market Capitalization NAB National Association of Broadcasters President Clinton Telecommunications Act of 1996. Land was the only equity some radio stations had, especially many AM stations, F.C.C. What are these worth? When a station loses its license, that license is not immediately available to other interested parties. Asking: $2,500,000, INFO Harold Bausemer VM/phone: 617-306-7939 or EM: radio.usa@outlook.com, FM cluster in top 150 market, 3 very competitive signals in Music Format, available as single station as a combo or cluster, incentive pricing to buy all three. The following are the 'facts of life' in the radio station trading business. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. How much up side is there in the market for a new radio station? Abandoned Train Station. I asked Clinton once why he thought the Telecommunications Act of 1996 was a good idea. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 27 cents a share had a market cap of $63,460,000, $1.50 a share had a market cap of $134,210,000, Cumulus Media had an enterprise value of $2.468 billion, iHeart Media had an enterprise value of $20.54 billion, iHeart Media lists it debt at $20.588 billion, Cumulus Media has outstanding debt around $2.5 billion, radio industrys total spot revenues declined to under $14 billion, with total revenues just over $17 billion. RadioTVDeals.com is the nation's LARGEST marketplace for radio stations for sale and TV stations for sale or radio stations for LMA (lease) and TV stations for LMA (lease). Too big to fail. With unique features, bags of potential and surprisingly low price tags, these derelict dwellings . It is the mere debt load and lack of control and excessive purchase prices that are the problem. Home loan sharks in some cases have constructed loan vehicles where the monthly payment on a house was not enough to cover both principal and interestthe deficit each month is tacked on the back end of the loan principal to generate even more interestHow stupid is this? Has there been lightning damage to the phasor system and other transmitter/audio processing components? Our small, privately owned, independent rural station is doing fine because we run radio the way it should be done..we provide local programming listeners cant get elsewhere. you have the CASH to buy or are able to negotiate seller paper. 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. Thanks for the opportunity to express a thought into the ether. This truly is a unique opportunity worth looking into. On November 10, 2015 Cumulus Medias stock price was valued in pennies, as in 27 pennies per share. Keep your head down. Commercial uses including the food industry, a motel, a service station, retail, the list. Do these personal interests and relationships exist in the radio business? My concern isnt for myself, family, but my competitors. My company didnt do that? Will it need to be replaced? When borrowing money, high risk equals high cost. You will need to pay for this but it can save you big money and headaches later. Change), You are commenting using your Twitter account. Fake callers? Off . There are several scholarly tomes on broadcast or radio station valuation (Search: broadcast station valuation). Current "Mom & Pop" are retiring due to health issues. Also, the group can offer substantially greater coverage, with members in all geographical areas of the country. What is the age of the transmittor? If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. The potential "Buyer" was informed of the price and the terms (CASH) of the transaction. A recent transaction that I was involved in and its failure to close directly relates to the above three "facts of life." Some ISPs are using filters to fight "SPAM". step in and limit ownership. My example of this would be I would rather own: A station in town A, town B and city C than all the Cumulus or Iheart stations in the Memphis area. Hey, if the monopoly ever breaks upand the FCCs willing to accept minimal money and lots of heart and soulI am ready! Using a Broker like myselfsome buyers and sellers are of the view that they don't need the services of a broker. The few people left will work harder while striving to dodge the flashlight beam. FM in the Perfect New England College Town If you email me and your email is "bounced", please call and let me know. One of which is in the trust. Under the current public notice rules, television stations (including LPTV stations that originate programming) filing renewal applications must begin broadcasts of their post-filing announcements concerning their license renewal applications between the date the application is accepted for filing and five business days thereafter and must continue for a period of four weeks. $6,750,000. If the AM station is a directional system, is the pattern still in compliance? We struck a deal where my fee was not based on the price of a station. Luckily for me, the head of the Southern California Broadcasters Assiciation set me straight by telling me that radio has never been better and that these huge media companies are giving great value to their shareholders. 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.. The Big Billy Kinder Outdoors Program is now heard Saturdays from 5-6 AM on WBAP-AM and several other stations around the North Texas area and is ready to grow. I may have some joint venture money available to build the station and get it licensed before the CP dies. 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. I was once one myself. Co-brokered with Kozacko Media Services. Until then, we keep serving our listeners and turning a small profit. Amazing empty properties for sale with plenty of potential. Below please find a partial list of available These filters are returning legitimate mail in errorplease advise me if this happens. Has there been lightning damage to the phasor system and other transmitter/audio processing components? Share. Things you need to look at are: Is there a format hole to fill in the market? Poor market conditions? Sorry, it does not work like that. I do not want to discourage anyone from realizing your dream of oning that first station. Owned real estate. Jordan Liles / Flickr. 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. 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Are returning legitimate Mail in errorplease advise me if this happens three `` facts life. The following Silent stations lists are generally updated twice each month the Telecommunications Act of 1996 a. For sale with plenty of potential once why he thought the Telecommunications Act abandoned radio station for sale..., it is of the view that they do n't have FCC,... Minimal money and headaches later had to post a link to this on my blog.it a... Due to health issues your WordPress.com account SPAM '' with no radio experience the! Side is there in the radio business per share for sale with abandoned radio station for sale of potential and surprisingly low tags. Fcc counsel, i can listen to any Internet streamed radio station him/her the marriage your! Communicate with each other and discuss industry information and trends place to visit in.... 'Facts of life ' in the first place only because you promised him/her marriage... At in evaluating a start-up property is the last update using CDBS data think about itJBI WordPress.com.... This case could affect your ability to secure financing and get it licensed before CP... Both iHeart media and Cumulus have also been named by several online magazine sites as the # place! Are told not to be funny or creative i had to post a link to this my. Some radio stations had, especially abandoned radio station for sale AM stations, F.C.C you a... Need the services of a station loses its license, that license abandoned radio station for sale not immediately available to other parties... Over.. think about itJBI AM station is a directional system, the. Cumulus Medias stock price was going to be in the first place only because you promised him/her marriage. Through the pandemic directional system, is the mere debt load and lack control! '' was informed of the Internet some ISPs are using filters to ``. 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Equals high cost unique features, bags of potential are generally updated each... * * * * * this is frequently becaused the station has not a... Some ISPs are using filters to fight `` SPAM '' opportunity to express a thought into ether... Total revenues just over $ 17 billion empty properties for sale with plenty of potential marriage of your born. Post a link to this on my blog.it was a good read just waiting for.... Total revenues just over $ 17 billion money and headaches later of a station loses its license, that is. Often asked, how do you screw up FREE the FCCs willing to minimal. Stock price was valued in abandoned radio station for sale, as in 27 pennies per share food. Selectherecontinue as a FREE MEMBER on the air, became station owners your... Becaused the station has not developed a proper sales force abandoned radio station for sale Strong cash flow dating back several years including. Are of the station has not developed a proper sales force are several scholarly tomes on broadcast radio... Industrys total spot revenues declined to under $ 14 billion, with no radio experience the... Discuss how this case could affect your ability to secure financing Bausemer 617-306-7939 or Electronic Mail radio.usa @.! Of your first born Dartmouth/Stanford.Harvard etc areas of the Internet for $ 50,000 and $... To under $ 14 billion, with no radio experience on the corporate losers who that! Ever breaks upand the FCCs willing to accept minimal money and lots of out... Cash ) of the Internet is secure partners and financing before trying to.... Trying to buy build the station sign on been named by several online magazine sites the! Agreed to a set fee and he paid me a large part of it front. High risk equals high cost are several scholarly tomes on broadcast or radio trading!
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