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Author Topic: Herald: Entercom paid $10M for half of WCRB/ more WEEI starts in Sept.  (Read 1002 times)
brightonboris
rimember

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« Reply #10 on: August 18, 2007, 01:04:47 PM »

http://business.bostonherald.com/businessNews/media/view.bg?articleid=1017638

More details: Entercom paid $10M for its share of WCRB, and the expansion of WEEI to
more markets starts in Sept.

It was Callahan's friend John McGuire who had tried to engineer the deal that would have
put D&C on a sports network with WCRB (Celtics-RedSox-Bruins...and Pats...) as flagship.
It says Red Sox and Celtics games and Patriots Monday won't air on the new Nassau-owned properties


I bet during talks with McGuire, Nassau people were wearing a wire and Julie and Jason were seating in the WEEI van outside with the headphones on....D&C must feel like the biggest morons on the planet today. Well, they're anyway but that's another thread altogether...

Howie's secretary....I mean...Jessica Heslam makes Clea Simon look like a Pulitzer Prize winner.
After you swap an FM radio property in NJ valued at $87 million for a Boston FM station, a vast classical music library and $26 million in cash, how can then that Boston radio station be valued at $20 million 9 months later?
Even in the worst radio recession WCRB 99.5 couldn't drop below $50 million pricepoint that quickly....

A "VAST" classical library?  Are you nuts? The fare WCRB broadcasts in a month would fit into a suitcase!  Half-vast is more like it.


Settle down, Larry. Well, just because they don't play it on the air doesn't mean they don't have it in their catalogue.

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TSBench
rimember

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Posts: 548


« Reply #11 on: August 18, 2007, 01:39:07 PM »

It was Callahan's friend John McGuire who had tried to engineer the deal

Well, now we know who it was that actually 'humiliated' D&C; it wasn't Entercom, it was McGuire. You can bet that he was the 'source' who was floating all the -new regional sports network- tips to Heslam (who's been aptly described as 'Howie Carr's secretary'), Scott, and all the other blogging Entercom-hating tools who were more than happy to credulously eat up whatever crap he tossed at them provided it was what they wanted to hear. McGuire himself was probably surprised at how easy it was. Now, of course, McGuire was blindsided, showing how he really wasn't ready to run with the big dogs. What in the name of God was he thinking? Did he think he was helping D&Cs cause and running their price up to levels Entercom wouldn't match? Was he trying to impress potential investors by implying he had a lock on A-list talent? With a friend like this, D&C didn't need any enemies. Entercom even telegraphed them a warning (the Regan 'walk on the beach' memo) but they believed McQuire? Uh, oh.

I think that D&C have already cut a deal to return to WEEI, and probably at money that most media folks in this town would drool over. Probably the same deal offered before the Nassau deal came down. For Entercom, its just business, not a grudge match, as difficult to believe as that may be for some folks. They may even be glad that all the smoke being blown helped keep their negotiations under the local radar.

Interestingly, while all the bloggers and writers were concentrating on bogus leads and falling all over themselves staying in touch with their curiously out-of-the-loop 'insiders', they missed out on the biggest sports media story of the year. And one which was pulled off by folks they routinely dismiss as coffee go-fers, imperious media queens, morons, and incompetents. Yep, there were a bunch of folks who matched those descriptions in this story, the difference is they weren't the ones drawing Entercom management paychecks.

put D&C on a sports network with WCRB (Celtics-RedSox-Bruins...and Pats...) as flagship.

Ummm...nice play on the call letters. The only thing keeping it from a reality is about 10 years and 250 million dollars.

It says Red Sox and Celtics games and Patriots Monday won't air on the new Nassau-owned properties

Entercom is probably locked into carriage contracts for the Sox and Celtics, so they can't compete with their own current affiliates, but I can see this going away in the out years. I wonder why the Pats Monday is a no-carry situation. Any ideas?

Regards,
TSB
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brightonboris
rimember

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Posts: 311


« Reply #12 on: August 18, 2007, 07:50:05 PM »

It was Callahan's friend John McGuire who had tried to engineer the deal

Well, now we know who it was that actually 'humiliated' D&C; it wasn't Entercom, it was McGuire. You can bet that he was the 'source' who was floating all the -new regional sports network- tips to Heslam (who's been aptly described as 'Howie Carr's secretary'), Scott, and all the other blogging Entercom-hating tools who were more than happy to credulously eat up whatever crap he tossed at them provided it was what they wanted to hear. McGuire himself was probably surprised at how easy it was. Now, of course, McGuire was blindsided, showing how he really wasn't ready to run with the big dogs. What in the name of God was he thinking? Did he think he was helping D&Cs cause and running their price up to levels Entercom wouldn't match? Was he trying to impress potential investors by implying he had a lock on A-list talent? With a friend like this, D&C didn't need any enemies. Entercom even telegraphed them a warning (the Regan 'walk on the beach' memo) but they believed McQuire? Uh, oh.

I think that D&C have already cut a deal to return to WEEI, and probably at money that most media folks in this town would drool over. Probably the same deal offered before the Nassau deal came down. For Entercom, its just business, not a grudge match, as difficult to believe as that may be for some folks. They may even be glad that all the smoke being blown helped keep their negotiations under the local radar.

Interestingly, while all the bloggers and writers were concentrating on bogus leads and falling all over themselves staying in touch with their curiously out-of-the-loop 'insiders', they missed out on the biggest sports media story of the year. And one which was pulled off by folks they routinely dismiss as coffee go-fers, imperious media queens, morons, and incompetents. Yep, there were a bunch of folks who matched those descriptions in this story, the difference is they weren't the ones drawing Entercom management paychecks.

put D&C on a sports network with WCRB (Celtics-RedSox-Bruins...and Pats...) as flagship.

Ummm...nice play on the call letters. The only thing keeping it from a reality is about 10 years and 250 million dollars.

It says Red Sox and Celtics games and Patriots Monday won't air on the new Nassau-owned properties

Entercom is probably locked into carriage contracts for the Sox and Celtics, so they can't compete with their own current affiliates, but I can see this going away in the out years. I wonder why the Pats Monday is a no-carry situation. Any ideas?

Regards,
TSB

At least WEEI is trying to give them a chance to preserve their careers for another three years. They didn't do that for the Hot Dog Eddie when he started opening fortune cookies with the Zone people hoping WEEI would go out of its way to keep him.  He was 'schocked' they decided to let him walk. Once he got to 1510, he knew he was done.
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raccoonradio
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Posts: 8623


« Reply #13 on: August 19, 2007, 08:58:06 PM »

>>Ummm...nice play on the call letters. The only thing keeping it from a reality is about 10 years and 250 million dollars.

well, they wouldn't be able to get the rights necessarily, but those teams would be subject to discussion Smiley
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Extra
rimember

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Posts: 8


« Reply #14 on: August 20, 2007, 06:15:30 PM »

not to sound too naive here but what is happening with Classical Music in Boston outside of WHRB?  Is WCRB going to be half Classical and half Sports?  Anyone have a clue?
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