When A $22 Million Station Is Put Up For Sale On eBay
5 years ago this 100,000-watt medium market station was purchased for $22 million.
Today, you can buy it on eBay for $8.9 million.
But nobody wants it.
Best bid is around $80,000!
What’s wrong here and what does it say about where the radio industry is headed?
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1. Find out how you can make a bid for this station but caution – first learn why the major consolidators don’t want it – and it has nothing to do with the coverage area.
2. Why has the value dropped from $22 million to next to nothing in 5 years even as consolidators continue to consolidate?
3. What would happen if Jerry Lee decided to sell his great standalone B-101 in Philadelphia – one of the perennial top billers even if he used a reputable media broker?
4. What consolidators are now shopping for instead of expensive, top performing stations? This speaks volumes.
5. What are the safe radio markets?
6. The three emerging new radio business models – CBS, Cumulus and Clear Channel and their chances of success.
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Next Year’s Conference: January 30-31, 2013
Stop everything!
Go to your Outlook, iCal or calendar and mark off Wednesday January 30 and Thursday, January 31, 2013 so you can be part of my Fourth Annual Media Solutions Lab at The Phoenician in Scottsdale, AZ.
Block it out – and make plans to attend.
Next year’s teaching event will focus on the emerging trends for the year ahead plus the challenges you will want to prepare for and opportunities you will want to jump on to give you the edge.
And, as always, this is an interactive seminar with lots of take home pay.
Step one is to reserve January 30-31, 2013.
If you want special discounted rates for pre-registering, now you can call (480) 998-9898 and ask for Cheryl.
New Age executives attend the 2013 Media Solutions Lab.
Bad Breaks -- Good Outcomes
This book is about how some people succeed and others fail when life throws them a curve ball.
It contains example after example of folks who overcame odds by doing something proactive.
That's why two of the best chapters are on jealousy and shame. Jealousy kills relationships and careers and shame kills self-esteem. We face no shortage of both in life. There is a better way not to fall victim.
S#@t happens as the saying goes, but good things happen as well.
They don't come from winning the lottery or necessarily getting your way. You grasp success from the jaws of defeat. Steve Jobs had his company stolen away from him by the man he put in charge to run Apple and then by taking a circuitous route, returned to put in perhaps his most productive years with iPod, iPhone, iMac, iPad and iTunes.
The media industry is one big bag of bad luck these days, so you will want to gain a new appreciation for taking bad breaks and making good outcomes.
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