- This topic has 155 replies, 16 voices, and was last updated 14 years, 9 months ago by urbanrealtor.
-
AuthorPosts
-
January 23, 2010 at 11:40 AM #505725January 23, 2010 at 12:27 PM #504830CAwiremanParticipant
Another interesting story from Dec 2009:
http://www.sandiegoreader.com/news/2009/dec/30/blurt2/
“A decimated radio business has triggered the fire sale of three radio stations to a former NFL linebacker who an insider says might take one of those stations out of music and into sports. John Lynch, who once played for the Pittsburgh Steelers, just finalized a deal for his company, Broadcast Company of the Americas, to take over 91X, Magic 92.5, and Z-90 from locally based Finest City Broadcasting. Finest City took over those stations four years ago for $110 million. Lynch/BCA got those stations by assuming $18 million in debt, meaning the three stations lost more than 83 percent of their value in four years.”
So, basically, this purchase puts pressure on the other stations to consider format and personnel changes….
There was rumored to have been an auction (at the bottom of the link….
The only constant is change
January 23, 2010 at 12:27 PM #504978CAwiremanParticipantAnother interesting story from Dec 2009:
http://www.sandiegoreader.com/news/2009/dec/30/blurt2/
“A decimated radio business has triggered the fire sale of three radio stations to a former NFL linebacker who an insider says might take one of those stations out of music and into sports. John Lynch, who once played for the Pittsburgh Steelers, just finalized a deal for his company, Broadcast Company of the Americas, to take over 91X, Magic 92.5, and Z-90 from locally based Finest City Broadcasting. Finest City took over those stations four years ago for $110 million. Lynch/BCA got those stations by assuming $18 million in debt, meaning the three stations lost more than 83 percent of their value in four years.”
So, basically, this purchase puts pressure on the other stations to consider format and personnel changes….
There was rumored to have been an auction (at the bottom of the link….
The only constant is change
January 23, 2010 at 12:27 PM #505384CAwiremanParticipantAnother interesting story from Dec 2009:
http://www.sandiegoreader.com/news/2009/dec/30/blurt2/
“A decimated radio business has triggered the fire sale of three radio stations to a former NFL linebacker who an insider says might take one of those stations out of music and into sports. John Lynch, who once played for the Pittsburgh Steelers, just finalized a deal for his company, Broadcast Company of the Americas, to take over 91X, Magic 92.5, and Z-90 from locally based Finest City Broadcasting. Finest City took over those stations four years ago for $110 million. Lynch/BCA got those stations by assuming $18 million in debt, meaning the three stations lost more than 83 percent of their value in four years.”
So, basically, this purchase puts pressure on the other stations to consider format and personnel changes….
There was rumored to have been an auction (at the bottom of the link….
The only constant is change
January 23, 2010 at 12:27 PM #505478CAwiremanParticipantAnother interesting story from Dec 2009:
http://www.sandiegoreader.com/news/2009/dec/30/blurt2/
“A decimated radio business has triggered the fire sale of three radio stations to a former NFL linebacker who an insider says might take one of those stations out of music and into sports. John Lynch, who once played for the Pittsburgh Steelers, just finalized a deal for his company, Broadcast Company of the Americas, to take over 91X, Magic 92.5, and Z-90 from locally based Finest City Broadcasting. Finest City took over those stations four years ago for $110 million. Lynch/BCA got those stations by assuming $18 million in debt, meaning the three stations lost more than 83 percent of their value in four years.”
So, basically, this purchase puts pressure on the other stations to consider format and personnel changes….
There was rumored to have been an auction (at the bottom of the link….
The only constant is change
January 23, 2010 at 12:27 PM #505730CAwiremanParticipantAnother interesting story from Dec 2009:
http://www.sandiegoreader.com/news/2009/dec/30/blurt2/
“A decimated radio business has triggered the fire sale of three radio stations to a former NFL linebacker who an insider says might take one of those stations out of music and into sports. John Lynch, who once played for the Pittsburgh Steelers, just finalized a deal for his company, Broadcast Company of the Americas, to take over 91X, Magic 92.5, and Z-90 from locally based Finest City Broadcasting. Finest City took over those stations four years ago for $110 million. Lynch/BCA got those stations by assuming $18 million in debt, meaning the three stations lost more than 83 percent of their value in four years.”
So, basically, this purchase puts pressure on the other stations to consider format and personnel changes….
There was rumored to have been an auction (at the bottom of the link….
The only constant is change
January 23, 2010 at 12:35 PM #504835jpinpbParticipantI am dumbfounded that any station would let Halloran go. Goes to show you what corporations know about music. Stations should be fighting over who gets Halloran. Radio has been his life and he knows so much about it and is so connected. I am very bummed that he’s not w/94.9. I was more devastated when 91x got taken over way back when by the evil music empire. But this is just another blow. Makes me not even want to listen to 94.9. I’m sure wherever he goes, he has a following and it will only be a boost to that station. He’s the most knowledgeable, personable, entertaining DJ out there. He’s great at doing interviews, great at promoting. He really is the best and is loved by many.
January 23, 2010 at 12:35 PM #504983jpinpbParticipantI am dumbfounded that any station would let Halloran go. Goes to show you what corporations know about music. Stations should be fighting over who gets Halloran. Radio has been his life and he knows so much about it and is so connected. I am very bummed that he’s not w/94.9. I was more devastated when 91x got taken over way back when by the evil music empire. But this is just another blow. Makes me not even want to listen to 94.9. I’m sure wherever he goes, he has a following and it will only be a boost to that station. He’s the most knowledgeable, personable, entertaining DJ out there. He’s great at doing interviews, great at promoting. He really is the best and is loved by many.
January 23, 2010 at 12:35 PM #505389jpinpbParticipantI am dumbfounded that any station would let Halloran go. Goes to show you what corporations know about music. Stations should be fighting over who gets Halloran. Radio has been his life and he knows so much about it and is so connected. I am very bummed that he’s not w/94.9. I was more devastated when 91x got taken over way back when by the evil music empire. But this is just another blow. Makes me not even want to listen to 94.9. I’m sure wherever he goes, he has a following and it will only be a boost to that station. He’s the most knowledgeable, personable, entertaining DJ out there. He’s great at doing interviews, great at promoting. He really is the best and is loved by many.
January 23, 2010 at 12:35 PM #505483jpinpbParticipantI am dumbfounded that any station would let Halloran go. Goes to show you what corporations know about music. Stations should be fighting over who gets Halloran. Radio has been his life and he knows so much about it and is so connected. I am very bummed that he’s not w/94.9. I was more devastated when 91x got taken over way back when by the evil music empire. But this is just another blow. Makes me not even want to listen to 94.9. I’m sure wherever he goes, he has a following and it will only be a boost to that station. He’s the most knowledgeable, personable, entertaining DJ out there. He’s great at doing interviews, great at promoting. He really is the best and is loved by many.
January 23, 2010 at 12:35 PM #505735jpinpbParticipantI am dumbfounded that any station would let Halloran go. Goes to show you what corporations know about music. Stations should be fighting over who gets Halloran. Radio has been his life and he knows so much about it and is so connected. I am very bummed that he’s not w/94.9. I was more devastated when 91x got taken over way back when by the evil music empire. But this is just another blow. Makes me not even want to listen to 94.9. I’m sure wherever he goes, he has a following and it will only be a boost to that station. He’s the most knowledgeable, personable, entertaining DJ out there. He’s great at doing interviews, great at promoting. He really is the best and is loved by many.
January 23, 2010 at 12:40 PM #504840jpinpbParticipantHiggy – thanks for the link. I thought 91x was still owned by Clear Channel. The article seems to indicate otherwise. Maybe Halloran could go back to 91x. Interesting that Lynch is back w/91x. Funny. The more things change, the more they stay the same. In the end, radio is a small world.
January 23, 2010 at 12:40 PM #504988jpinpbParticipantHiggy – thanks for the link. I thought 91x was still owned by Clear Channel. The article seems to indicate otherwise. Maybe Halloran could go back to 91x. Interesting that Lynch is back w/91x. Funny. The more things change, the more they stay the same. In the end, radio is a small world.
January 23, 2010 at 12:40 PM #505394jpinpbParticipantHiggy – thanks for the link. I thought 91x was still owned by Clear Channel. The article seems to indicate otherwise. Maybe Halloran could go back to 91x. Interesting that Lynch is back w/91x. Funny. The more things change, the more they stay the same. In the end, radio is a small world.
January 23, 2010 at 12:40 PM #505488jpinpbParticipantHiggy – thanks for the link. I thought 91x was still owned by Clear Channel. The article seems to indicate otherwise. Maybe Halloran could go back to 91x. Interesting that Lynch is back w/91x. Funny. The more things change, the more they stay the same. In the end, radio is a small world.
-
AuthorPosts
- You must be logged in to reply to this topic.