CC is in financial problems. Did the same thing many owners did...bought stations at 10x...20x billing then used that equity to buy more. Yup, house of cards.
There is going to be a (another) blood bath at CC any day now. At least thats what everyone thinks.
Not naming names but some owners had to sell off property because as the economy dropped the banks weren’t happy with the equity arrangements even though payments were being made, just late.
Well that and getting fined for stupid management decisions like getting in trouble with Arbitron....but that is another story.
What I don’t get is why CC or anyone would want or pay big bucks for an AM. Personally I like AM but there is just too much background RFI what with all the electrial gadgets around.
Personally I think that’s a major reason why CC chose to de-emphasize Conservative Talk (i.e. flipping 104.7 to country and handing Limbaugh off to WJAS). They are going to have to start firesales of stations pretty soon in order to keep the boat afloat. And a hostile Obama FCC could cause the house of cards to collapse sooner rather than later by slow-rolling the approvals.
Depends on the frequency, power, state of repair etc.
compare the signal WJAS at 1320Mhz with 7kw to a station like WPIT at 730Mhz and 5kw. WPIT has a fantastic signal all over. Its further down the dial even with less power but is a fantastically maintained station which is not the case for many AMs