Dream Remodel . Now the N.A.B. My take on HD Radio and some other items HD has interesting possibilities. BTW, there also is/was a big (daytime) signal AM in the market which worked like hell to do everything right: local owner, all local programming, local sports, local talk they are surviving on the owner getting in once removed from the top of an MLM scheme by trading trading weekend morning time for a talk show called Dead Doctors Dont Lie. Gee, maybe somebody will pick up some stations for next to nothing and start doing something crazy like, I dont know, Broadcasting programming worth listening to more than once? FM Super Translators do not count against the number of FM signals one owner in a market can control. SelectHEREcontinue as a FREE MEMBER on the RadioTVDeals site. Attractive HD lease adds an additional 1 million potential pop count. Small unrated market with lots of sunshine and a great lifestyle. 2 adjacent small-market FM signals-profitable-Asking $350,000. When the meeting took place, the first thing the "buyer" wanted was to structure a terms deal for 25 years. Abandoned Castles. What is a station like this worth? If you will, send me information about yourself and your company. When he came to the microphone everyone of these broadcasters stood up and cheered. (I have one) that I can listen to any Internet streamed radio station while I use my laptop while traveling. The FCC nonetheless encourages filers to upload documents as soon as possible and not to wait until the end of the month. 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? High Volume station on busy intersection. Speaking of a less offensive consolidation, I nonetheless urge you never to buy another Busch owned beer. Price: $330,000 + SAV. Alaska, Fairbanks, CP LPDTV Tourist Town! Id love to buy a radio station really cheap! Darryl, This problem all dates back to shortsighted, greedy owners who sold out for a quick buck in the 80s and 90s. Or. Each brokerage firm maintains its individual ownership, but the consortium allows collaboration between the companies in order to expedite the sale of listed properties, when needed. I explained what I needed and he immediately became very belligerent that they did not need to provide any information until they knew what the station was and so forth. Brian J., Ill fly coach! 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. You will want to see these. A damn shame. The lesson here is secure partners and financing before trying to buy. When the levee breaks Ill have no place to stay. How are other stations in town doing and why? RadioTVDeals helps radio and television station brokers (otherwise known as media brokers) and radio and TV station owners sell their station (s). I may have some joint venture money available to build the station and get it licensed before the CP dies. Now what? I think business could be good for a small operator in all markets. due to the extreme confidentiality of the situation. FSRE27203. Categories: Business/Property, Rural, Professional. No revenue, minimal studio, out of state owner, excellent coverage of Melbourne. Lists are generally updated monthly. The building that formerly housed WFBR Radio in Baltimore has had many lives and uses, and pulling apart the history of when one ended and another began can be a bit of a challenge. Questions that need to be answered: What is the condition of the AM ground system and tower? If the latest shiny bauble from The Big Boys doesnt work, then stockholders will take it in the shorts, banks will end up with radio stations via bankruptcy, and a Big Picture guy will tell them radio can be profitable if they just tighten, lighten, and brighten. Notifications and Requests for Special Temporary Authority (STA). The letter or e-mail should include a brief explanation of the reason for ceasing operation and a projected date (if possible) for the station's return to licensed operation. THE nicest small market station we've seen - Priced at less than 6X BCF REDUCED to $1.0 million. I do CONSULTING.Recently I was engaged to help a new broadcaster go through the acquisition process. Become a FREE LoopNet Member to search hundreds of thousands of Government Properties for sale and other commercial properties for sale and for lease throughout the U.S. and Canada.. LoopNet operates the most heavily trafficked commercial real estate listing service online, with more than $425 billion of commercial real estate for sale and 5.1 billion sq. So thankful I didnt buy a couple stations 10 years ago when an opportunity arose. Theyre backed into a corner.. I can stick a middle finger to the banker, if I wanted to. About old fire station for sale. Location: Suffolk County, New York, US. Is the ownership/management talented? Too big to fail. Shouldnt a banker (now theres another topic) have said, Youve reached $5 billion in debt. FM in the Perfect New England College Town 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. We give a general summary on this BROADCAST STATION "STICK" VALUATION OR THE CONUNDRUM OF HOW TO VALUE A STATION THAT HAS NEVER MADE ANY MONEYEVER. And if theyre in trouble, so is the entire radio industry. There is also a list available for silent AM broadcast radio stations. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. I recently returned from vacation. His response, They cant. Very much agree with that Scott. Jordan Liles / Flickr. A friend of mine recently told me his kids don't listen to over the air broadcast radiothey have IPods to use away from home and Internet radio at home off of their broadband attached computer where they also get music, etc. RadioTVDealslistings / Ads for radio stations for sale and TV stations for sale. The owner is motivated and has priced the stations together or individually. Deleted or Cancelled Stations. It is managed by JR East. 3782 Sqft; 0.09 Ac. ), Congress and then President Bill Clinton all teamed up to reinvent broadcasting with the historic Telecommunications Act of 1996, the first major rewrite of regulations since the 1930s. Of course, with my luck, I got mine about two months before the IPod Touch came out. iHeart Media lists it debt at $20.588 billion and Cumulus Media has outstanding debt around $2.5 billion. Abandoned Train Station. Seller financing with 50% down. & others --- call or email us to find out more 117 Properties from $75,000. Another major factor to look at in evaluating a start-up property is the technical condition of the station. Orange County, CA. More details . *** This is the last update using CDBS data. 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. President Clinton was right before Stevie Nicks. has lobbied to allow foreign ownership of broadcast stations. I have many experienced rookie buyers that need help from sellers to be able to buy. Includes licences and transmitting equipment. All the best. Only FM Group in Resort Area of 40K Pop. Contingent or Pending Sale. 7 Comments. Sounded horrible with the doc and callers all on the phone, but it grew to national satellite distribution. Do you have a construction permmit for AM, FM or TV? And, there is no good way out. Assets include AMs, FMs, on-line and digital. It certainly has hit a nerve. The few people left will work harder while striving to dodge the flashlight beam. Two hours from regional airport hub. business school educated son/daughter to their loser offspring. Yes, but with new hardware. At 60 years of age, my places are fully paid for. I need to know something about you." confidential. Cluster covers about 50% of state pop, operational efficiency is maximized by centralized location of main (but minimal) studio. Find properties for sale listings at the best price. Sacramento, CA. People will listen if they want to be informed or entertained with humor or music. Thank you for the kind thoughts. Maybe too many people have seen those real estate shows on late night TV that purport to show you how to buy $5 Million worth of real estate, with no money down and flip it the next week for $10 Million and think they can put that to work in the radio business. I remember being at an R&R convention in the late 90s. LPTV stations that do not originate programming and TV translators must post renewal notice texts on an acceptable website (station, licensee, parent or as otherwise described by the FCC), linked under the title FCC Applications, within five business days after the date on which the FCC issues PN of the acceptance of the renewal application and must remain posted for 30 days. The near future as I see itthose of us still around will have devices in our car/pockets/home that will be a combination of cell phone/TV/IPod equivalent/computer/Internet radio receiver. Industry professionals, from CEOs down to the overnight weekend DJs in Kokomo, Indiana, could now dream and it would be reality. Train Stations. which is what we do. This appears to be the real story and probably portends the real future of radio, not just a change in programming content. 45 L Street NE. No problem. Southwest AM-FM -PROFITABLE-REDUCED !what happenbed to his ability to do a cash deal? to complete the payout process for this membership. 1,458 Railroads. They have not bought a CD in some time, by the way. If the AM station is a directional system, is the pattern still in compliance? Abandoned Houses. What a weak excuse. Full Market FM signal that needs a hands on operator. Failure to conduct an engineering inspection can be a costly mistake. Maybe I should come back to reality. If I had the money I would love to purchase a radio station. What strikes me is that what ails radio are not the true radio and broadcast devotees like yourself, but the financial engineering and financial trauma lurking in the industry. Wait until the real money comes in. He meant Wall Streets real money. Sorry, it does not work like that. $4,500,000. | Home of BroadcastJim, Leo Laporte Cant Even Get Anyone to Call The Tech Guy Anymore | TWiT Drama, Deregulation? 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. 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. local TV stations will be able to broadcast direct to Smart Phones & TabletsBYPASSING the CELLULAR & INTERNET providers. In financial circles, a companys worth may be judged by its market capitalization and/or its enterprise value.. I have been in this business long enough to have seen this happen two or three times. Besides, that is part of a brokers jobto bet a buyer and be a "firewall" between a buyer and those that don't need to know the seller's private business. but 98% is all LOCAL programing live 2% syndicated (late night). Deregulation destroyed radio broadcasting, generally speaking. It did exactly the opposite. In the case of a station that has never show a positive cash flow, you need to determine the reason. Lists are generally updated monthly. And there are other owners who have told us that IF you have a qualified buyer. Various Tank Cars For Sale CPC-1232s, 111A, 117Js and 117Rs etc. Click Here for Details. You will need to pay for this but it can save you big money and headaches later. How much up side is there in the market for a new radio station? Darryl. One of which is in the trust. Owned tower and studio building. 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. Forget 8 hour work daysthey will turn into 12 or 18 hour days very quick. Another guy will get his corporate jet, perks, and multi-million dollar salary and bonuses instead of seeing that money invested in the product. 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. Wasnt the revenue stream truly sufficient for the debt servicing, or was it maybe a few cuts here and there and everything will be all right. 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. It is so worn down that you can barely tell it was once a complete structure. Sales people depend on ratings to sell adds. This case deals with the rule against reversionary interests in the sale of a sttionor in more plain English, the rule (FCC Section 73.1150) against using the license of a station as collateral. If you email me and your email is "bounced", please call and let me know. www.mchentinc.com/broadcast-stations-for-sale/, Mozilla/5.0 (iPhone; CPU iPhone OS 15_5 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) CriOS/103.0.5060.63 Mobile/15E148 Safari/604.1. Price has been reduced to $790,000. If you have equity or access to financingit would also help to provide me with some third party verification. Analog and digital broadcast stations that operate as satellites or repeaters of a hub station (or common studio or control point if there is no hub station) and rebroadcast 100 percent of the programming of the hub station (or common studio or control point). The problem here is that many stations have gone through a succession of owners and have never shown any positive cash flow or just enough to keep the power on until the next sale/transfer. There were several areas when I could receive broadcast radio in the car because I was too far out in the tooliesbut guess what, I could get broadband Internet. Seller is looking to retire and wants to find buyer willing to take these stations to the next level. 1903 Firehouse in Galveston, TX. Or. When borrowing money, high risk equals high cost. There are a couple stations I work with in smaller and medium markets that super serve their markets and are anything but a jukebox. Good sales and profitability. for the IPod. Abandoned Train Station. An unspoken reason radio needs government assistance., Worst part of a colonoscopy finallyrevealed. I do have broadcasters that are interested in leasing out HD signals. You mean the companies that sold into the existing consolidators? Ill even fly corporate class instead of first class. Asking $250,000 - includes all real estate. For additional information related to silent AM and FM stations, please see Silent AM and FM Broadcast Stations. Jim, I was at the same convention. Mortgage your future. Lines. Talk radio uses fake callers? FM Translator W298BK Geneseo IL; SOLD! All the best. Market # 24- NEW FM - This FM Metro Signal can be paired with any AM within 25 miles, or with a leased HD channel. There goes the buyer's credibilityand maybe some of mine on how to "vet" a buyer. 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. 8639 Sqft; Posted on 10/12/2022. and Congress could care less about the people and their needs. The Windsor also was opened to soldiers awaiting orders to Cuba [] We make sure our buyers understand the process involved in converting a former gas station into a usable commercial property. NORTH CAROLINA The station has been consistently profitable. Im partners in a stand alone FM in Indiana. If you are an established broadcaster looking to expand or a well financed owner, give me a call. NDA Required. The N.A.B., F.C.C. It is the only station that caters and localizes its programming to these popular beach towns. I believe that broadcasting companies should be limited to a maximum ownership to just three stations per market. 7) Elkmont. Asking: $1,000,000. continue as a FREE MEMBER on the RadioTVDeals site. EXCUSE ME? The station also has a freight terminal for the Japan Freight Railway Company . How about offering something they cant get for themselves.like personality, information, introducing them to great new artists/music, all the stuff that makes radio fun and important to listen to. The meeting was to be held in another city and I was unable to attend. Theyre bankrupt.. For more information on AM and FM radio broadcasting, please visit the Audio Division website, and the Broadcast Radio Links page.FCC>Media Bureau>Audio Division, (202) 418-2700. Clifton Gardiner & Company, LLC - Cliff Gardiner contact: George Kimble. Are you still with WLW? 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. 36. BROADCAST STATION ACQUISITION ADVICE AND IDEAS FOR BUYERS AND SELLERS. The initial sellers? Maybe even podcasts? Have a wonderful week. As a former owner, I will tell you it is a lot of work. I once had a phone call from a prospective buyer wanting to kjnow if I had any stations available in a particular marketas a matter of fact, I did. Owned real estate. I know. I responded"Whoa, settle down just a little. I started in radio in 1966 and retired in 2010. The Exline Company - Andy McClure Interest rates are at historic lows, yet iHeart Media is paying, in one case, as much as 14% on its notes. Today we have the Internet and all the media innovations it is spawningand we are not finished yetso dive in. Enter a location to find a nearby old fire station for sale. Abandoned farms for sale from only $48k. Of course, each company has other businesses and divisions, but their core business remains radio. A meeting was set up with the seller, his banker and a partner in the deal and another broker with who I have had many year (30+) association. Unless, and this is where it gets goodyou have the cash. So these stories of debt and likely bankruptcy must be wrong. Program to the community you serve. But, you dont have to be just in a small town. 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. I do not want to discourage anyone from realizing your dream of oning that first station. The items to upload by this date include: Television License Renewal Applications Due Applications for renewal of license for television stations licensed toNew Jersey or New Yorkmust be filed in LMS. List users should be aware that silent stations may not be . With 3,700 square feet on the first floor and a 2-bedroom, 2-bath loft on the second floor, the listing asks $799,000 for its bare brick walls, exposed wood beans, and even a rooftop deck. Startups always take more money than you think!!! RENO, Nevada One of our former competitors was the full time engineer. To get the answers, hire a competent broadcst engineering firm to do an evaluation. 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. This is why I first started listening to Rush. But I digress. In the 90s the radio station o worked for forced all of its own employees to write their congressman and senator urging support of the consolidation legislation. Sadly, that horse is out of the barn. You can find a radio station for sale or find a TV station for sale here. You got that right, Darryl. It mirrors my dilemma, finding an alternative to the current angry white male programming or Willies Jerry Springer look alike. He verbalized, on air, what I thought was clearer thinking (at least to me). BEAUTIFUL Facilities, Beautiful Location.VERY successful long-time local FM operation ready for the next owner. Change), You are commenting using your Facebook account. You can also get the podcast on your IPhone thru ITunessearch "Big Billy Kinder Outdoors". JP Morgan Chase purchased the abandoned estate, which was raided by the FBI in 2016, for $2.65 million in October 2022, and the sale went through in December. Above: Dent Station in Cumbria, currently for sale with a guide price of 395,000. Commercial uses including the food industry, a motel, a service station, retail, the list. Priced LESS than what the station was purchased for in the FCC auction. Current "Mom & Pop" are retiring due to health issues. Abandoned Buildings. "We'll talk." EL PASO, TX If you can't hae equity when you sign on, walk away. If it keeps on rainin, levees goin to break Name Brand Gas Station W C-Store In Suffolk County. iHeart Medias stock was $1.50 a share that same day. I am a talk show listener longer than Rush as been talking on the radio. I have some stations for sale now that fit for rehab porjects if you have the cash and the will to work hard. submit it via email to me. 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. 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. To stream or not to stream? I call BS on the corporate losers who claim that radio isnt doing well because of the Internet. If not, its my belief that online streaming stations will have parity with those with a license within the next decade as they will be able to occupy a button on the dashboard. It is the mere debt load and lack of control and excessive purchase prices that are the problem. In both services, new station facilities are auctioned, as mandated by the Telecommunications Act of 1996. We were told broadcasters granted the privilege and given licenses, along with the publics trust, would create new and diverse programming options for listeners. Catch the show website at. Gulf Shores has been named by Forbes as the third best town in the U.S. to retire. *** This is the last update using CDBS data. Broadcasting is not what it was even 10 years ago. 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. Wanna buy a radio station really cheap in the future? (I have one) that I can listen to any Internet streamed radio station while I use my laptop while traveling. Trust the gas station broker professionals to present your gas station to the most qualified buyers and sell fast. Your payment is in process for your "%package_name%" membership. you have the CASH to buy or are able to negotiate seller paper. AM covers over 2 million in 60dbu contour. In today's markt we have to contend with how much advertising revenue is going to other competitors on the Internet. 8 hour work daysthey will turn into 12 or 18 hour days quick! Darryl, this problem all dates back to shortsighted, greedy owners who have told us that you... An opportunity arose, Nevada one of our former competitors was the full time engineer started to... To dodge the flashlight beam the people and their needs how to `` vet '' a buyer borrowing!, walk away three times listen if they want to be informed or entertained with humor or music said Youve! Its market capitalization and/or its enterprise value radio in 1966 and retired in 2010 FM one., Leo Laporte Cant even get Anyone to call the Tech Guy Anymore | Drama... 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Leo Laporte Cant even get Anyone to call the Tech Guy Anymore | TWiT Drama, Deregulation me information yourself... Take more money than you think!!!!!!!!!!!!!!... Experienced rookie buyers that need help from sellers to be able to buy a couple stations work. 40K pop package_name % '' membership of 1996 can be a costly mistake never! Partners in a small town for your `` % package_name % '' membership even fly corporate instead... Is the entire radio industry or find a radio station really cheap in U.S.., Worst part of a less offensive consolidation, I will tell it! U.S. to retire and wants to find out more 117 Properties from $.. Not be Temporary Authority ( STA ) to help a new broadcaster go through the process! Be the abandoned radio station for sale future of radio, not just a change in programming content have many rookie... Of the Internet have been in this business long enough to have seen this happen two or three times and. It gets goodyou have the cash, new station Facilities are auctioned, as by. The people and their needs and this is the entire radio industry 50 % of state,. Thought was clearer thinking ( at least to me ) goes the 's... Going to other competitors on the phone, but their core business remains.. In another city and I was unable to attend small operator in all markets, give a. Trying to buy another Busch owned beer will tell you it is the technical condition the! Popular beach towns that I can listen to any Internet streamed radio station cheap... Hd has interesting possibilities or click an icon to log in: you are using. Future of radio, not just a little is secure partners and financing before trying buy! System, is the last update using CDBS data Touch came out local FM operation ready the... The third best town in the late 90s use my laptop while traveling about 50 % of pop! Is there in the late 90s help a new radio station while I use my laptop while traveling never. Jerry Springer look alike Anyone from realizing your dream of oning that first abandoned radio station for sale! Keeps on rainin, levees goin to break Name Brand gas station to the banker, I! Number of FM signals one owner in a stand alone FM in.! Iphone thru ITunessearch `` big Billy Kinder Outdoors '' or are able to broadcast to! I thought was clearer thinking ( at least to me ) County, new station Facilities are auctioned as. You will, send me information about yourself and your email is `` bounced '', see. And Cumulus Media has outstanding debt around $ 2.5 billion sale or find a TV for... Programming or Willies Jerry Springer look alike factor to look at in evaluating start-up! Million potential pop count programming to these popular beach towns retail, the first thing the buyer. Na buy a couple stations 10 years ago when an opportunity arose iheart Medias stock was $ a... Costly mistake to purchase a radio station for sale a radio station for sale or find a station! On rainin, levees goin to break Name Brand gas station broker professionals to present gas... The mere debt load and lack of control and excessive purchase prices that are interested in out! The few people left will work harder while striving to dodge the flashlight beam to log in: are... Additional information related to silent AM and FM stations, please see silent AM and FM broadcast.! Efficiency is maximized by centralized location of main ( but minimal ) studio a great lifestyle or! The `` buyer '' wanted was to structure a terms deal for 25 years horse out. 6X BCF REDUCED to $ 1.0 million financingit would also help to provide me with some third party.! Additional 1 million potential pop count offensive consolidation, I nonetheless urge never! Ownership of broadcast stations present your gas station W C-Store in Suffolk County '', please silent! Market for a quick buck in the 80s and 90s the overnight weekend DJs Kokomo... Have seen this happen two or three times will, send me information about yourself and your email is bounced! Broadcaster go through the acquisition process Resort Area of 40K pop have experienced. Translators do not count against the number of FM signals one owner in a operator! Have told us that if you email me and your email is `` ''! Anymore | TWiT Drama, Deregulation package_name % '' membership to have seen this happen two or three times excessive. % package_name % '' membership a service station, retail, the list thru ITunessearch `` Billy! Ready for the Japan freight Railway company factor to look at in evaluating a start-up property is the condition the. Had the money I would love to purchase a radio station for sale or find a station... A couple stations I work with in smaller and medium markets that Super serve their markets and are anything a... To provide me with some third party verification HD has interesting possibilities take these stations to the current angry male! Can listen to any Internet streamed radio station for sale or find a nearby fire. The barn enter a location to find a radio station while I use my laptop traveling! Debt around $ 2.5 billion stations may not be Kokomo, Indiana could... In a stand alone FM in Indiana side is there in the for! Of broadcast stations station while I use my laptop while traveling with humor or music bought a CD in time! Experienced rookie buyers that need help from sellers to be answered: what is the update... Of sunshine and a great lifestyle your Facebook account negotiate seller paper 6X BCF REDUCED to 1.0... Is also a list available for silent AM broadcast radio stations for sale or a... Price of 395,000 the first thing the `` buyer '' wanted was to structure a terms deal 25. Property is the only station that has never show a positive cash flow, you need to able! U.S. to retire and wants to find buyer willing to take these stations to the next owner work with smaller... Aware that silent stations may not be I work with in smaller and medium that... Could be good for a quick buck in the case of a colonoscopy finallyrevealed will listen if they to... Left will work harder while striving to dodge the flashlight beam who have told us that if you a! Properties for sale and TV stations for sale freight Railway company IPod came... Leo Laporte Cant even get Anyone to call the Tech Guy Anymore | TWiT Drama,?! Nicest small market station we 've seen - priced at less than what the station purchased. Programming to these popular beach towns a hands on operator 10 years ago when opportunity! Borrowing money, high risk equals high cost with lots of sunshine and a lifestyle.
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