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Clear Channel To Sell 448 Radio & 42 Tv Stations  
User currently offlineSTLGph From United States of America, joined Oct 2004, 9417 posts, RR: 26
Posted (7 years 11 months 1 week 6 days 9 hours ago) and read 2341 times:

http://www.radioandrecords.com/radio...play.jsp?vnu_content_id=1003409230

Clear Channel will spin off 448 radio stations as part of its record-setting private-equity deal with Bain Capital Partners and Thomas H. Lee Partners. Analysts note that, despite the huge volume in inventory, it is doubtful that the acquisition price for individual stations will be discounted. It remains to be seen whether local, independent buyers will be attracted to the available stations, or if other radio networks will look to expand their holdings.


Also, Clear Channel will put 42 TV stations up for sale in 24 markets. Stations are expected to fetch between $1.2 and $1.5 billion.


if assumptions could fly, airliners.net would be the world's busiest airport
14 replies: All unread, jump to last
 
User currently offlineCFCUQ From Canada, joined Sep 2005, 712 posts, RR: 0
Reply 1, posted (7 years 11 months 1 week 6 days 7 hours ago) and read 2330 times:

Does this affect you Gavin?
.
.


User currently offlineRichPhitzwell From , joined Dec 1969, posts, RR:
Reply 2, posted (7 years 11 months 1 week 6 days 7 hours ago) and read 2326 times:

Why are they selling off stations? Is it from pressure over being a virtual monopoly or are these stagnant markets?

User currently offlineSTLGph From United States of America, joined Oct 2004, 9417 posts, RR: 26
Reply 3, posted (7 years 11 months 1 week 6 days 7 hours ago) and read 2318 times:

Quoting CFCUQ (Reply 1):

no, not really...at least not at the moment. i try to avoid them. they are so tight, they squeak. same with the Sinclair group.

Quoting RichPhitzwell (Reply 2):

mixture of both. they simply just became too large.

trying to consolidate management of several stations under one banner and operation in some cities hasn't been much of a success as they thought it would be. Clear Channel has also been spending lots of money shifting personnel around from city to city and then changing their minds and bringing them back to their home markets...eventually...or somewhere else altogether to honor contracts from when they would take over a station.

the new "Jack" and "Hank" formats have also been licking their tails in many other markets. the "Movin'" formats are also gaining on their listener market share.



if assumptions could fly, airliners.net would be the world's busiest airport
User currently offlineCFCUQ From Canada, joined Sep 2005, 712 posts, RR: 0
Reply 4, posted (7 years 11 months 1 week 6 days 7 hours ago) and read 2318 times:

Quoting STLGph (Reply 3):
at least not at the moment.

So what are you up to now?
P.S. Long time no chat, HTF are you?


User currently offlineAndesSMF From , joined Dec 1969, posts, RR:
Reply 5, posted (7 years 11 months 1 week 6 days 7 hours ago) and read 2315 times:

Quoting STLGph (Reply 3):
"Jack"

Are those the stations that play the most interesting types and mixtures of music? They are not Clear Channel? And by licking you mean that the Jack format is doing well?


User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 6, posted (7 years 11 months 1 week 6 days 2 hours ago) and read 2306 times:

Quoting AndesSMF (Reply 5):

Are those the stations that play the most interesting types and mixtures of music? They are not Clear Channel? And by licking you mean that the Jack format is doing well?

Jack is a CBS Radio Format. They also have a variation of it called Dave, which can be described as Jack with DJs. Compared to the Clear Channel stations in those markets, yes. The reality is that the ratings on those stations in most cases, are lower than what they were under their previous format. When CBS Radio switched 92.9 here in Atlanta from a Classic Rock format to the Dave format, they were pretty successful early on, as they grabbed listeners from an Alternative format station. But over the last 18 months, they've slid in the rating.

I hope that most of these stations Clear Channel sells goes right back into the hands of local ownership. There several Clear Channel stations here that have flipped format 4 times in the last 5 years. The ultimate insult by Clear Channel just happened here. They did a major tweak to a station that had a virtually unchanged rock format (and name) for well over 30 years. They dropped all of the classic rock and added more "new rock" and "alternative" and is basically a copy of another station they own in Atlanta (makes you wonder if that station is about to flip formats for the 5th time since late 2001). They even changed the name from 96Rock to Project 961 (WTF?)

Corporate radio is the reason why the Ipod (and other MP-3 players) and satellite radio has boomed. It seems as though the personality has been sucked out of radio and replaced with prepackaged personalities and formats.


User currently offlineTedTAce From , joined Dec 1969, posts, RR:
Reply 7, posted (7 years 11 months 1 week 6 days 1 hour ago) and read 2300 times:

Good riddance. Queer channel (no offence Westy) has fucked up more 'good' radio stations then I can count using a computer.

User currently offlineSTLGph From United States of America, joined Oct 2004, 9417 posts, RR: 26
Reply 8, posted (7 years 11 months 1 week 5 days 20 hours ago) and read 2279 times:

Quoting CFCUQ (Reply 4):

So what are you up to now?
P.S. Long time no chat, HTF are you?

all i'm going to say is....stay tuned!

Quoting TedTAce (Reply 7):
Queer channel (no offence Westy) has fucked up more 'good' radio stations then I can count using a computer.

no offense taken here on this end!

Quoting Srbmod (Reply 6):

I hope that most of these stations Clear Channel sells goes right back into the hands of local ownership.

i hope so, too, but then again it also all depends on what ownership company is in what market and if they have the cash at hand to buy them. the stations won't be going for cheap, that is for sure. the real test is to see if stations are going to be sold individually or at a package price. local stations in local markets might be able to afford one or two of the stations but if six are coming together at one package price then might be a different story.

good news overall is, hopefully there will be hiring and a lot less consolidation.
for example, you might get your own local on air news & weather reporter instead of John Weatherby...who sounds so local in so many markets but is in fact out of Nashville and pumped across the Clear Channel system.



if assumptions could fly, airliners.net would be the world's busiest airport
User currently offlineGalapagapop From United States of America, joined Feb 2005, 910 posts, RR: 4
Reply 9, posted (7 years 11 months 1 week 5 days 18 hours ago) and read 2258 times:

I think these should mostly be gobbled up by big investors that localized companies may try, but as seen with Cablevision the big local station giants are giving up theri stations to larger investors. Cablevision a year or so ago gave away 4 or 5 (cannot remember) FSN and other affiliates in Ohio and Florida, due to their shrinking presence in those markets and them finally cutting after their lavish diversification during the 90's (does anyone remember that multibillion dollar fiasco, "Rainbow" that they launched into space?).

User currently offlineDeltaGator From United States of America, joined Sep 2005, 6341 posts, RR: 13
Reply 10, posted (7 years 11 months 1 week 5 days 17 hours ago) and read 2248 times:

Quoting Srbmod (Reply 6):
When CBS Radio switched 92.9 here in Atlanta from a Classic Rock format to the Dave format, they were pretty successful early on, as they grabbed listeners from an Alternative format station. But over the last 18 months, they've slid in the rating.

I got on the Dave bandwagon in ATL for a little bit but then realized they had about 150 songs in the playlist. At least they weren't The River (I forget the station in ATL.) I don't think I heard "Hold On Loosely" by .38 Special as much in the 80s as I did in the first few months of them in ATL.

Never mind they had that damn Barnes as the morning show host and the dingbat Firfer from CNN who had a face for radio (no wonder she left CNN.)

In my travels around the country I've found the Dave and Hank and River format stations all playing the same damn thing around the clock. It works for a couple of months because a lot of times it is music you grew up with and haven't heard in a while but then they play it too much.

Quoting Srbmod (Reply 6):
They even changed the name from 96Rock to Project 961 (WTF?)

Geez! I leave the country for a few days and look what happens. 96 Rock has been confused for some time now under the Clear Channel banner as they put more local resources into the Mexican station where the money seems to be.

Me, I just listen to talk radio, XM radio, or my iPod more and more. FM radio in ATL has gone sharply downhill.



"If you can't delight in the misery of others then you don't deserve to be a college football fan."
User currently offlineHalls120 From , joined Dec 1969, posts, RR:
Reply 11, posted (7 years 11 months 1 week 5 days 16 hours ago) and read 2239 times:

Quoting Srbmod (Reply 6):
Corporate radio is the reason why the Ipod (and other MP-3 players) and satellite radio has boomed. It seems as though the personality has been sucked out of radio and replaced with prepackaged personalities and formats.

I've crossed over to Satellite Radio - XM - and I don't see ever going back to FM.


User currently offlineDuff44 From United States of America, joined Apr 2006, 1723 posts, RR: 0
Reply 12, posted (7 years 11 months 1 week 5 days 15 hours ago) and read 2230 times:

Quoting TedTAce (Reply 7):
Good riddance. Queer channel (no offence Westy) has fucked up more 'good' radio stations then I can count using a computer.

 checkmark   checkmark   checkmark 

They flipped then-WMRQ 104.1 in Hartford, CT from new rock to hip-hop crap overnight, and continually drove 105.9 WHCN into the ground by incessant format changing.

Thankfully, I have 106.9 WCCC (independently owned) and Sirius Satellite radio for my listening needs.



I'll rassle ya for a bowl of bacon!
User currently offlineTPAnx From United States of America, joined Aug 2005, 1021 posts, RR: 0
Reply 13, posted (7 years 11 months 1 week 5 days 15 hours ago) and read 2217 times:

The stations to be sold are all in smaller markets...#100 or below. IIR recall the
news reports correctly, these stations contribute less than ten per cent of the company's bottom line. Read on Morningstar that some brokerages aren't happy with the proposed sale, feeling that it doesn't benefit stockholders as much as it should,because the sale of stations goes toward the purchase of the rest of the group!
TPA (and TAL and SRQ, and MEL, and MCO and MOB)nx   

[Edited 2006-11-19 01:49:16]

[Edited 2006-11-19 01:50:08]


I read the news today..oh boy
User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 14, posted (7 years 11 months 1 week 5 days 15 hours ago) and read 2216 times:

Quoting Halls120 (Reply 11):
I've crossed over to Satellite Radio - XM - and I don't see ever going back to FM.

Pretty much the only times I even listen to regular radio is for a little more accurate traffic reports (That's one of the shortcomings of satellite, the reports are up to the minute) or to listen to non-televised Thrashers games (provided Sirius isn't airing the broadcast). But since the games are on an AM station that has to power down at dusk, I have to listen to the online stream.


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