CC Wheeling Bids

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kentuckymedia
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CC Wheeling Bids

Post by kentuckymedia » Mon Feb 26, 2007 6:39 pm

Anyone else can add the bids they heard...Here is what I have

CONNOISSEUR MEDIA

WEST VIRGINIA RADIO CORPORATION

FOREVER BROADCASTING

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Big Media
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Post by Big Media » Tue Feb 27, 2007 9:59 am

MARK HALLBURN, Inc.

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Post by Bob Campbell » Tue Feb 27, 2007 10:22 am

Do any of those properties have a big enough signal or the possibility of moving closer or into the Pittsburgh market? I know I could pick up WOMP when I worked in the 'Burgh.

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Post by new guy » Tue Feb 27, 2007 10:40 am

Oh Nooooooooooooooo....Forever Broadcasting...related to Keymarket....please.............NO MORE FROGGY'S....NO MORE JACK'S....
Give local jocks real shifts and real names......

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Post by Dave Allen » Tue Feb 27, 2007 10:50 am

Local jocks? What a strange new concept. Nah, it will never take off.
Titties and beer...thank God almighty for titties and beer!

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Post by Tom Taggart » Tue Feb 27, 2007 1:43 pm

The other two markets in WV?

Heard something about Saga broadcasting interested, but no specifics on where. That's Sunny 95 Columbus owner.

Keymarket can only buy two FM stations in Wheeling

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Post by J. Fox » Tue Feb 27, 2007 2:17 pm

i occasionally listen to WKKX and if they have the resources, that would be awesome if they could get WWVA and make it a powerhouse again. i think WKKX does an ok job.

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Post by MusicAD182 » Tue Feb 27, 2007 8:26 pm

I agree, but its not going to happen that way. Bob Fitzsimmons is looking to buy some of the Clear Channel stations, but insiders tell me he's not going to get it. Look for John Raese to come into play.

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Post by kentuckymedia » Sat Mar 03, 2007 9:15 pm

I just heard that Forever made a really nice offer on the CC Wheeling Cluster. I just hope that they blow up the Kiss name and bring back WOMP.

95.7 WOMP FM! That would be great!

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Post by Tom Taggart » Sun Mar 04, 2007 9:53 am

Which stations?

They already own 2 FM's (100.5 and 105.5) so they can only buy two of CC's four FM's.

Also, they already own one AM (1290) so they can only add one AM, which I would assume would be 1400.

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Post by wlpatrick » Sun Mar 04, 2007 11:46 am

There are others circling the Wheeling and Huntington CC clusters. New private-equity backed players who are interested in acquiring a large number of stations quickly. CC is playing the auction close to the vest and is running through auction levels quickly now.

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Post by Tom Taggart » Sun Mar 04, 2007 1:22 pm

Smells like more folks with more money than brains getting into the industry.
Again.

Doesn't help the local market when non-broadcasters come in, pay too much, then start cutting rates like crazy to stay afloat.

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Post by wlpatrick » Sun Mar 04, 2007 3:14 pm

What if the bidders are broadcasters who are now backed by huge pools of equity capital that can provide better financing than traditional venture capital and subordinated debt/preferred stock? Better financing with seasoned broadcasters does not necessarily equal a bad owner. Don't be too quick to assume here. There are groups with brains and piles of cash bidding on dozens of markets at once. Several of these include Wheeling, the topic of this thread, and Huntington on their shopping lists.

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Post by kentuckymedia » Sun Mar 04, 2007 9:49 pm

Nick Galati and Carol Logan both own the entire State College Market. As long as its divided between Kirby and Carol and the paperwork says so its all good.

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Post by J. Fox » Mon Mar 05, 2007 5:54 am

It's Nick Galli not Galati

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Post by Tom Taggart » Mon Mar 05, 2007 7:49 am

Nick Galli owns 40% of Burbach LLC (in Clarksburg and Parkersburg) with the remaining 60% split between Kirby Confer and Donald Alt. Galli's separately owned 2510 corporation owns the State College area stations he controls.

Confer and Alt control Keymarket, which owns the Wheeling /Steubenville /Pittsburgh stations.

There are some directors on the Keymarket board which also have interests in the Saga group of stations (WSNY 95 Columbus among others).

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