abandoned radio station for sale

), the National Association of Broadcasters (N.A.B. Because this in an FM Metro Signal, the STICK VALUE is $1.2 million. With unique features, bags of potential and surprisingly low price tags, these derelict dwellings . Darryl. Some in the larger markets saved $1M on programming costs by parting with successful talentsonly to see their revenue reduced by twice the savings. 1903 Firehouse in Galveston, TX. Trust the gas station broker professionals to present your gas station to the most qualified buyers and sell fast. Since I originally wrote this I now have an IPhone. Add in the docket 8090 stations that never should have existed, and you have a recipe for Clear Channel, and cumulus. Using a Broker like myselfsome buyers and sellers are of the view that they don't need the services of a broker. Karl, What company was that? I did my best to explain that a seller did not want to go through the drill of releasing proprietary materials before ascertaining if the buyer was qualified. FULL market coverage. Very few stations are going to be sold on a "this transaction is subject to Buyer being able to secure financing" type contract. All rights reserved. As a former owner, I will tell you it is a lot of work. Darryl, This problem all dates back to shortsighted, greedy owners who sold out for a quick buck in the 80s and 90s. Members occasionally bring a prospective buyer to the member with the listing, and share commissions when a sale closes. Thank you for checking out the blog. This is the perfect radio station investment for someone who wants to be an IMPORTANT part of the local community, in one of the most desirable areas of the California coast. Price: $330,000 + SAV. Id love to buy a radio station really cheap! Various Tank Cars For Sale CPC-1232s, 111A, 117Js and 117Rs etc. Will it need to be replaced? 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. to complete the payout process for this membership. This list consists of FM, low power FM (LPFM), and FM translator broadcast radio stations silent for two months or longer. He verbalized, on air, what I thought was clearer thinking (at least to me). 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. I have many experienced rookie buyers that need help from sellers to be able to buy. 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). He said they thought it would increase competition. $599,000 . We have been doing basically the same thing for 33 years. 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. Tatsuno Station is served by the old route of Ch Main Line (Okaya-Shiojiri branch) and is 9.5 kilometers from the branching point of the line at Okaya Station and 219.9 from the terminus at Tokyo Station.It is also a station on the Iida Line, and is 195.7 kilometers from the terminus of that line at Toyohashi Station. If you are not putting out a digital signal (and I am not talking about HD Radiothat is another story) parallel with your analog you are rapidly falling behind the times. 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. Amtrack by the way is re-equipping their entire passenger fleet to put a 110 outlet at each seat for passenger use. If you will, send me information about yourself and your company. The problem here is there are many pieces of the puzzle that have to be put together to get an idea of what the numbers should be. It has also been named by several online magazine sites as the #1 place to visit in Alabama. Questions that need to be answered: What is the condition of the AM ground system and tower? Abandoned Train Station. Confidentiality: It was obvious from the start that the buyer was a rookie. It's been left empty ever . 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. 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. Since launching late April, 2010, RadioTVDeals has generated, Class A FM - Parkersburg/Marietta/Vienna WV-OH Metro, Profitable Group of Stations Are Available, Non Commercial FM, Amarillo, Price Reduced, Be The Largest Voice In This Great Small Market, New York Capital District Profitable AM With Two Translators, Dallas Metro FM Serves Fastest Growing U.S. FM Metro in Top 25 Market Dream Remodel . Abandoned Castles. I also have advice on how a seller can protect their interest in doing a sale where they carry paper on the sale. I recently asked him why these companies havent been selling stations. The corporate reality and daily insecurity tells us to shut up, lay low and stay under the radar. High Volume station at a very busy intersection is up for sale. Amazing empty properties for sale with plenty of potential. Peoria Illinois. Western New York- 2 separate AM w/ FM Super Translators (Metro Signals) Land was the only equity some radio stations had, especially many AM stations, F.C.C. I rode in such a car last Spring. Talk radio uses fake callers? Maybe we should slow down a bit? Try searching: 1,755 Abandonments. 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. 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. AM covers over 2 million in 60dbu contour. NO Hurricanes -NO Tornadoes-NO Snow-NO forest fires & NO local paper! business school educated son/daughter to their loser offspring. 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? You can also get the podcast on your IPhone thru ITunessearch "Big Billy Kinder Outdoors". Things you need to look at are: Is there a format hole to fill in the market? Abandoned Trains& Train Stations. 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). 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. Let's talk. Gammon Miller, LLC - Christopher Miller ft. of commercial real estate space . SelectHEREcontinue as a FREE MEMBER on the RadioTVDeals site. Mortgage your future. Once complete, full power and Class A TV stations must post a certification of broadcast, with a copy of the announcements text, to the OPIF within seven days, and included LPTV stations should keep their certifications with station records. Lists are generally updated monthly. 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. Excellent Midwest market- Priced at just $695k. You Own The Market! Land was the only equity some radio stations had, especially many AM stations. Price has been reduced to $790,000. And the result? Also, some stations can be an artistic success and a commercial failure. Perhaps you are correct..BUTEverything was doing nicely until the G word took over..think about itJBI. Sadly, that horse is out of the barn. 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. EAS Test Reporting System The EAS Test Reporting System for filings opened January 3, 2023. Abandoned Buildings. Steve, If it keeps on rainin, levees goin to break Seller is looking to retire and wants to find buyer willing to take these stations to the next level. When a station loses its license, that license is not immediately available to other interested parties. The broadcast business is still good, if you are a small operator in a good town, and you do it the old fashioned way: continue as a FREE MEMBER on the RadioTVDeals site. We help people to find radio stations for LMA (lease) or TV stations for LMA (lease). 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. Has there been lightning damage to the phasor system and other transmitter/audio processing components? You can reach us anytime at (800) 933-0673. If you are doing your first dealthe more the seller is going to want to know about your finances and your ability to raise money before information about a property is forthcoming. Thanks! Four veteran broadcast industry brokerage firms have formed a consortium to provide an expanded level of service to each participating company's clients. Here is a numbers exampleround numbers for simplicity. We help people interested in buying radio stations or TV stations find the right station to purchase. and Congress could care less about the people and their needs. We are also members of a Media Brokers Organization To stream or not to stream? There are many "deals" out in the market that are not advertised by the sellers. iHeart Media alone is in hock by almost $20.6 billion. Rated Market TV station, license and equipment with leased T site, population coverage approximately 139000 Price $175,000 Electronic Mail: radio.usa@outlook.com ~ Voice Mail: 617-306-7939 anytime. Smart broadcasters today are already doing it. 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. It is managed by JR East. Demographics of El Paso are 81.2% of Hispanic origin,12% white & 3% black. We make sure our buyers understand the process involved in converting a former gas station into a usable commercial property. Priced at $850,000. The main problem I have seen is a lack of effort in trying to monetize the HD signals that may be available to you if you have built out your HD facility. 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. 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. If not, then it wont be such a good deal. The buyer assured me that he had financial backing up to $20 Millionmore than ample funds to do this deal and have enough left over for working capital.probably for a couple of years. If there are no other stations locally, will the market support a radio station? The N.A.B., F.C.C. In both services, new station facilities are auctioned, as mandated by the Telecommunications Act of 1996. Darryl. Hope there is a chance again in the next 10 years. Had the dream and goal of serving the community through a small-market station just before that infamous piece of legislation went into effect. ***. 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. The most famous of these abandoned stations is Lvivska Brama. 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. 45 L Street NE. 7) Elkmont. Train Stations. The problem is when a company owns more stations than they need to. If you have questions about how to structure a sale where the owner has to "carry paper" contact your FCC counsel. I have often asked, How do you screw up free? These companies did. I had one client send me his brokerage house account print out. You cant do that with 1,000 stations. Broadcast station valuation is usually done by using a multiple of the station's broadcase cash flow (BCF). Scatter Charcoal In Your Home & Watch What . However, the hub station (or common studio or control point) is required to register and file in ETRS. Produced by Bill Kinder and his wife, Robin. Youre saying, Well theres the worth of these companies. Kind of, since the buyer of a company would normally assume its debt, but if you take debt out of this equation, in both cases, these companies have negative equity. I do CONSULTING.Recently I was engaged to help a new broadcaster go through the acquisition process. If the AM station is a directional system, is the pattern still in compliance? Off . Copyright 2012-2022 Dave Garland Media Brokerage, All rights reserved. Ive worked nearly every job in the radio business. 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. 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? BROADCAST STATION "STICK" VALUATION OR THE CONUNDRUM OF HOW TO VALUE A STATION THAT HAS NEVER MADE ANY MONEYEVER. Please keep in mind that we have Looking for something specific? 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? Baltimore is an under-radioed market, sandwiched between Philadelphia and DC, both Top 10 Nielsen Markets Baltimore has fewer stations than Portland Maine. Broadcasting is not what it was even 10 years ago. Ira, to your point, with the tower sites. continue as a FREE MEMBER on the RadioTVDeals site. Ill even fly corporate class instead of first class. 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. They have not bought a CD in some time, by the way. 3782 Sqft; 0.09 Ac. If you can't make it out to this abandoned storybook town, then at least Liles . If you're willing to put in a little time (and a whole lot of elbow grease), then snapping up an abandoned building could be a fantastic way of getting your foot on the property ladder. Jordan Liles / Flickr. This is now spilling over into my business. 2010 International Gang Section Hi-Rail Truck 28,000 miles Price: contact Location: UT. Cash deals are king. RENO, Nevada Access from your Country was disabled by the administrator. And there are other owners who have told us that IF you have a qualified buyer. The former Chapeltown central station near Sheffield in south Yorkshire, which closed in 1954, has been listed for auction with a guide price of 250,000. Another guy will get his corporate jet, perks, and multi-million dollar salary and bonuses instead of seeing that money invested in the product. If you have a few thousand dollars of unused room on a credit card, feel lucky because that is about all you are going to get. 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. When he came to the microphone everyone of these broadcasters stood up and cheered. Enter ZIP code or city, state as well. 16/20 Bhera Police Station In Pakistan Is Run By Cows. And if theyre in trouble, so is the entire radio industry. Group of stations for sale. We struck a deal where my fee was not based on the price of a station. Building works began on the station in the 1990s, but it was soon left to rot due to a lack of funding. Failure to conduct an engineering inspection can be a costly mistake. Sellers want to talk to "qualified buyres" . Thanks for the opportunity to express a thought into the ether. Many simply think that all you need is to play wall to wall music or do a talk show without having a personality. A vintage RCA console left behind in the abandoned WFBR Radio Station in Baltimore. Yeah, my finger hovered over the share button but insecurity prevailed. And I would run it properly and most importantly have fun with it. When the meeting took place, the first thing the "buyer" wanted was to structure a terms deal for 25 years. Click Here for Details. Commercial uses including the food industry, a motel, a service station, retail, the list. Forget 8 hour work daysthey will turn into 12 or 18 hour days very quick. But wait programmatic buying will save the day! But you are going to have to tell me where you expect to get the money to buy the station you wantand in many cases, you are going to have to have the money before you start looking for your station. ARIZONA AM W/TRANSLATOR: S. Arizona AM with FM Translator. The F.C.C. If not, then Lehman, Bear Stearns, Merrill Lynch, Countrywide might be the only outcome for Clear Channel. But I digress. Jen Grimble 6/12/2022. EL PASO, TX Big Car Wash and Branded Gas Station with C-Store and Deli on 1.2 Acre Lot in upscale. 6 station cluster in Illinois. Owned tower and studio building. In today's markt we have to contend with how much advertising revenue is going to other competitors on the Internet. Brian J., Ill fly coach! Such a station might have a format that appeals to a significant audience but the station is unable to sell enough advertising to capitalize on the station's own success. I agree, when bankers took over radio, they didnt realize what it took to make a station a success. The auction for spectrum bandwidth for this starts next monthy. We just need order-takers. On-line order takers, apparently. Last Update: 3/22/2021. Being in state capital insulates economy, spending. 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. Strong cash flow dating back several years - including through the pandemic. Thank you for the kind thoughts. If I am out and you leave a voice mailplease repeat your name and number at least twice. I feel that radio was more fun in the 60s and 70s than today. RadioTVDeals helps radio and television station brokers (otherwise known as media brokers) and radio and TV station owners sell their station (s). FM covers over 1 million for in-car listening. The station consists of two ground-level island . Assets include AMs, FMs, on-line and digital. I responded"Whoa, settle down just a little. AM has 250w FM repeater, profitable, and well equipped, owned studio/offices and 7 acres transmitter site. Categories: Business/Property, Rural, Professional. Please call and let me know what you have available. Primarily number three. ~Searches Conducted for qualified buyers (requires proof of funds)~, Western NY Rated Market combo: Classic Hits/Oldies FM ranked #2, Country AM ranked # 6 in 21 station market. Yes, but with new hardware. There are probably now several hundred thousand if not more broadband card equiped laptops. iHeart Media lists it debt at $20.588 billion and Cumulus Media has outstanding debt around $2.5 billion. I find alot of TRUTH in your statement Here in Akron Ohio, we have all the big guys but we have one talk radio station on FM that has been there since forever, An that is what they do, cater to the town even tho they really are in a small town (kent ohio) which is in another county lol but they claim to be the Talk of Akron an for years they are a success you go to get your haircut an the barber has them on you go shopping an the store has them on you stop in a office an they are on owned by one guy who died an left the station to his sons so now owned by 2 guys. Modern studios & beautiful real estate included. Catch the show website at. Well thats going to take a few things. We help people interested in buying radio stations or TV stations find the right station to purchase. The members actively communicate with each other and discuss industry information and trends. Priced LESS than what the station was purchased for in the FCC auction. But that is just me. It morphed into a daily telephone show (the veterinarian who cooked up the supplement scheme, wherever he was holding seminars, etc.). Good sales and profitability. Now the N.A.B. Deleted or Cancelled Stations. I do not want to discourage anyone from realizing your dream of oning that first station. [1] You will need to pay for this but it can save you big money and headaches later. Or. Illinois River. Too simplistic for you? 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? contact: George Kimble. Deregulation destroyed radio broadcasting, generally speaking. Anyone.. please explain to me how Clear Channel (a better name than iHeart) could amass a debt of $20 billion. Failure to conduct an engineering inspection can be a costly mistake. List users should be aware that silent stations may not be available for sale. Abandoned farms for sale from only $48k. What I am getting at is you want to get into the Radio/TV business and can raise the equity..step right this way. About our service. All of the above boils down to this. Clinton was the keynote speaker. Its a brilliant explanation of the situation but you probably wont get many social media shares because those of us still pulling greatly reduced paychecks from these companies are hunkered down like moles dodging a flashlight. Station layout. Location: Suffolk County, New York, US. How much up side is there in the market for a new radio station? Co-brokered with Kozacko Media Services. First time buyers are rarely going to get bank financing. The client put me in touch with his financial "backer". Only FM Group in Resort Area of 40K Pop. Its been almost 20 years ago since the Federal Communications Commission (F.C.C. PRICE $429,000 ~ INFO call Harold Bausemer 617-306-7939 or Electronic Mail radio.usa@outlook.com. As a result of a 2005 case in the U.S. Court of Appeals for the D.C. Tatsuno Station is a railway station in the town of Tatsuno, Kamiina District, Nagano Prefecture, Japan jointly operated by JR Central and JR East. JBI. A fragmented radio industry, mostly made up of mom-and-pop stations back then, would consolidate and once the big money of Wall Street discovered this high cash flow business, there would be incredible innovation. 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 wrote the above several years ago and would like to add this comment with a 2016 frame of reference. Of course, this assumes the station is producing a cash flow. 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. The FCC does not maintain any list of stations that may be available for purchase. 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. MCH Enterprises Brett Miller, California Wine Country- Consistently PROFITABLE, FM in the Perfect New England College Town. Please contact me direct on this and I will put you in contact with an attorney that practices before the FCC if you are not using one now. I may have some joint venture money available to build the station and get it licensed before the CP dies. There are a couple stations I work with in smaller and medium markets that super serve their markets and are anything but a jukebox. This is where the question is asked"Is the Internet going to be a foe of the station or a tool to be used by it? 2 adjacent small-market FM signals-profitable-Asking $350,000. 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. I like your statement program to the community you serve, but I think Daryl misread your comment. Jim, I was at the same convention. Windsor Hotel The Windsor Hotel was built in 1875, catching Jacksonville's tourist boom with a firm grasp. Using a Broker like myselfsome buyers and sellers are of the view that they don't need the services of a broker. 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. Asking $1M for cluster, $400K for singleton. !what happenbed to his ability to do a cash deal? Financing IS available. Theyre bankrupt.. My concern isnt for myself, family, but my competitors. Many of these stations are worth more than the calculated value as presented. All Rights Reserved. Available for $690k. I had to explain to him that the value of the permits being auctioned was and probably for some time would be highest at the auction price. And Stevi Nicks made more sense, and told the truth! Circuit (Kidd Communications v. FCC 2005 U.S. Appeals) financing may even be harder to get than before. This site is different from most broadcast broker web sites because I want my clients to understand today's new broadcast business. 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. Both iHeart Media and Cumulus have also been selling tower sites (or land) to create cash.

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