Who knows if the station was carrying debt, or how much it was costing to keep broadcasting when you factor in rent, salaries, etc. It sounds like they bought/wanted the spectrum space, so maybe it was an asset purchase deal.
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It's a double-edged sword. You nationalize your playlist and such and lose the local touch. . . and local revenue. Or you keep the local staff, don't make THAT MUCH more money and are still in deep because of a bigger payroll.well, the reason i ask is the sale seemed very "rushed". When the boston globe was about to go tits up, they went way out of their way to find a liberal buyer that promised to keep the paper running....instead of just dumping it for the first buck they found.
I suspect the poor ratings recently were a result of this Radio.com corporation controlling the playlists...and NOT lettinng AAF do the things they do best....promoting new local rock bands, having studio interviews and unplugged sessions, doing zany things.
Seems like if they sold the station properly, someone with deep pockets and a love of rock music/ boston could have ponied up the 10 million. I mean shit, some of these rich dudes spend that much on a nice car!
My wife says I'm on the Express Train to hell.It's a double-edged sword. You nationalize your playlist and such and lose the local touch. . . and local revenue. Or you keep the local staff, don't make THAT MUCH more money and are still in deep because of a bigger payroll.
As I said several pages before, terrestrial radio is dying quickly. The areas of growth are specialty and rural. We aint' rural so a Christian station seemed like a good fit. (Despite the high % of godless heathens in mASSachusetts.)
Maybe it is just that "rock & roll" and "rockers" are getting old. A new generation is coming into place.A really well written piece with a few great pictures on the subject of WAAf's last days
Photo credit: Greg CaparellSadly, over the past year we've collectively experienced the heartbreaking loss of some legendary radio stations -- WPLJ and WRQX are never far from our thoughts. This latest "death in the family," as it were, took us all by surprise and gave everyone involved almost no time to properly prepare...ramp247.com
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Back about 10-15yrs ago, I was on the board of a small Christian school. We were doing these Wed AM tours of the facility to develop an endowment base. I forget what we were calling it, but the acronym was WOW. Everyone loved it. The repressed principal vetoed it.I miss, "Whip'm out Wednesdays". Was driving truck in those days, had a couple of nice shows on 128...