Sold! 77 WABC radio in a $12.5 million cash deal

feedback.pdxradio.com forums feedback.pdxradio.com forums Portland Radio Sold! 77 WABC radio in a $12.5 million cash deal

This topic contains 1 reply, has 2 voices, and was last updated by  Andy Brown 2 weeks, 4 days ago.

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  • #41924

    Broadway
    Participant

    $12.5 mil for one of the biggest sticks in the country…great deal.
    https://nypost.com/2019/06/27/john-catsimatidis-acquires-77-wabc-radio-for-12-5-million/

    #41954

    Andy Brown
    Participant

    If AM survives (which it probably won’t), it’s a great deal. Otherwise, it’s just another former great signal that has been chipped away at over the decades by the loosening of clear channel rules. I grew up a few miles from the beast itself, and still drive by it a lot on my travels eastward. Most of the land around it has been developed. Only when it it is dismantled could the remaining parcel be developed. I will say that if the AM band goes all digital and the lower power junk stations are forced off, it would be worth quite a penny.

    http://bit.ly/2JjBV45

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