Stable position...was Re: [BC] Rama Communications Buys A Radio Station

[Mike McCarthy]

Paul...

You are young....and  not wise to the mechanics of deal making.

Your salary is a line item on a operating budget or income statement.  The 
purchase of a station is a capital asset transaction. While the two have 
interaction on an ongoing basis in the long term, rarely do position 
eliminations influence the purchasing or selling of properties except in 
extreme cases. The resulting savings from those eliminated positions would 
have a minimal impact on the short term cash needed for the purchase deposit.

Further, in today's environment where everything is a separate corporation, 
your loss of employment should/would have no bearing on that 
purchase.  That deal was sealed before your job loss occurred.  They only 
publicly announced the deal because they had to for FCC 
purposes.  Otherwise, the selling owner would have simply walked in on the 
day of closing, introduced the new owner and handed over the keys, then 
walked out.  Been there, done that.

You are bitter and that comes with the territory. Just think of the 
experience as some hide building and move on.  The more that loss stews 
inside, the more obsessed you will be come...and people won't hire an 
obsessed person focused on what happened in the past.

I don't recall who told me this axiom, but it's quite true and any one who 
says otherwise is a liar or uncommonly lucky. "You haven't been in the 
business long enough until you've been fired at least once.  Layoff's as 
the result of a station sale included."  It's not nice or easy to 
accept.  But that's life.

Granted, while engineers don't go through the revolving doors anywhere 
nearly as often as any one else on a staff, it does occur.  I can think of 
only one other position within a station which can be just as stable as the 
engineers.  Anyone care to venture a guess?  I know people who make careers 
of this position at one station/cluster.

MM


At 01:03 AM 2/4/2006 -0500, Radiofldude at aol.com wrote
>... for $120,000 they bought 1,000W Day/48W  Night WZFB 1480 Fair Bluff,
>North Caolina from Davifd Solomons company "Solomon  Radio Partners"
>
>And they fired me in cost cutting measures..  Hmmm
>
>Paul B. Walker,  Jr
>www.walkerbroadcasting.com
>walkerbroadcasting @gmail. com
>
>
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