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Author Topic: AM Station Just Sold In Orlando  (Read 2406 times)
OrlandoGM
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AM Station Just Sold In Orlando
« on: February 10, 2012, 03:59:28 PM »
Hey everyone...

I just heard through the grapevine that an AM station was sold in the market.

My source wouldn't tell me which one or who purchased it.

Anyone have any info???
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Parttimer
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Re: AM Station Just Sold In Orlando
« Reply #1 on: February 10, 2012, 04:05:35 PM »
One of the local brokers has had 1270 listed for a while at a ridiculously high price. That might be a candidate.
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jmtillery
Jeffrey M. "Mark" Tillery, Esquire, Ph. D., --- J. M. Tillery & Associates, P. A.
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Re: AM Station Just Sold In Orlando
« Reply #2 on: February 10, 2012, 07:29:50 PM »
WRLZ-AM 1270 Eatonville is the station listed for sale. The asking price is $5.9 million and is listed with Doyle Hadden & Associates. As parttimer suggested, this may be the Orlando AM facility in question.
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Jeffrey M. "Mark" Tillery, Esquire, Ph. D.
J. M. Tillery & Associates, P. A.
Online: www.jmtillery.com
Email: jmt@jmtillery.com
austingrace
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Re: AM Station Just Sold In Orlando
« Reply #3 on: February 11, 2012, 01:51:25 PM »
Wonder if there will be a format change?
Huh That would be cool if that happened. 
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Austin
DavidEduardo
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Re: AM Station Just Sold In Orlando
« Reply #4 on: February 11, 2012, 09:44:42 PM »
Quote from: jmtillery on February 10, 2012, 07:29:50 PM
WRLZ-AM 1270 Eatonville is the station listed for sale. The asking price is $5.9 million and is listed with Doyle Hadden & Associates. As parttimer suggested, this may be the Orlando AM facility in question.

That is about 5 times what it is worth. It was sold last in 1995 for less than $400 k out of receivership. Today, in the current state of AM, it can't be worth more than $1.25 million unless it sits on some really valuable land.
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"A successful man is one who can lay a firm foundation with the bricks others have thrown at him." - David Brinkley

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tanner
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Re: AM Station Just Sold In Orlando
« Reply #5 on: February 12, 2012, 11:05:19 AM »
Even at 1.25 million how do you ever get a ROI?
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DavidEduardo
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Re: AM Station Just Sold In Orlando
« Reply #6 on: February 12, 2012, 05:56:01 PM »
Quote from: tanner on February 12, 2012, 11:05:19 AM
Even at 1.25 million how do you ever get a ROI?

Paid block programming. Easy.
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"A successful man is one who can lay a firm foundation with the bricks others have thrown at him." - David Brinkley

www.americanradiohistory.com - now including 60 editions of Duncan's American Radio ratings a
OrlandoGM
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Re: AM Station Just Sold In Orlando
« Reply #7 on: February 13, 2012, 11:37:39 AM »
It's not 1270am.

I know that for a fact...

Let's move on to other possibilities...
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vadar
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Re: AM Station Just Sold In Orlando
« Reply #8 on: February 14, 2012, 04:55:35 PM »
AM radio at that frequency for over $5mm?   Seriously?
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jmtillery
Jeffrey M. "Mark" Tillery, Esquire, Ph. D., --- J. M. Tillery & Associates, P. A.
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Re: AM Station Just Sold In Orlando
« Reply #9 on: February 14, 2012, 09:43:18 PM »
Quote from: OrlandoGM on February 13, 2012, 11:37:39 AM
It's not 1270am.

I know that for a fact...

Let's move on to other possibilities...

There are a total of 21 AM signals that serve Orlando, so there are your possibilities... ALL 21 of them!!!
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Jeffrey M. "Mark" Tillery, Esquire, Ph. D.
J. M. Tillery & Associates, P. A.
Online: www.jmtillery.com
Email: jmt@jmtillery.com
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