how is this station...doing ?
as in #'s or, just based on 'real' reputation.....
It's 39th with a 0.6 12+ for a loooong time. Billings are around $3 million a year, and they paid $30 million for the station.
I'm guessing that the cash flow, before interest and taxes (EBITDA) is way south of $1 million, for a conversion of less than 30%.
You could make more with AAA corporate bonds, which means that it is not proving to be a good investment. On the other hand, what else can you do with a signal like that in such a huge MSA?