[BC] Clear Channel planning to sell off

[Bailey, Scott]

CC here in Tennessee has several "small town" AM's they want rid of.
They are underperforming, some of them 500 watt to 1 KW "Daytime Only"
stations. When they purchased these station, they there was a FM
involved, and they had to take the AM when they purchased the FM they
wanted.

About two years ago, they owned 1 FM and two AM's in Crossville, TN.
They got rid of all of them quickly due to that area is an
underperforming, unrated, market.

I said this 8 years ago, they bit off more than they can chew, and would
start selling station, especially small AM daytimers.

Scott 

-----Original Message-----
From: broadcast-bounces at radiolists.net
[mailto:broadcast-bounces at radiolists.net] On Behalf Of Dale H. Cook
Sent: Friday, September 15, 2006 5:39 AM
To: Broadcasters' Mailing List
Subject: Re: [BC] Clear Channel planning to sell off

At 10:43 PM 9/14/2006, Bill Harms wrote:

>According to drudgereport.com, Clear Channel is planning on selling
>off radio stations.  Granted this is not verified yet, but I have to
>wonder why he is reporting this.

Some Clear Channel engineers that I know have told me that the 
less-profitable stations in their markets are for sale, and some of 
those stations are close to signing contracts.

Dale H. Cook, Chief Engineer, Centennial Broadcasting, 
Roanoke/Lynchburg, VA - WZZI / WZZU / WLNI / WLEQ
http://members.cox.net/dalehcook/starcity.shtml 


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