What isn't pathetic. The Fan @ 680 and 100.5 Here we come!
Not going to happen. How would the money be split between the Dickeys and Cumulus?
Aren't the Braves simulcast on 680 and 100.5? For the Dickeys to determine a revenue split, wouldn't they just have to meet with...themselves?
yes and no. You have to be somewhat careful when dealing with the IRS when two different corporations are splitting revenue. There should be a contract. Cumulus is not a subsidiarity of Dickey Brothers (yet). Cumulus is a publicly held company:http://data.cnbc.com/quotes/CMLS
and Lew only owns 5%http://data.cnbc.com/quotes/CMLS/tab/8
I am sure (or at least sure they are supposed to!) that they have to operate Cumulus and Dickey Broadcasting at the proverbial "arm's length" and contract everything properly in writing and pay for everything at fair market value. If the IRS doesn't care the SEC and the holders of CMLS I am sure would, not to mention the institutional and other investors in Cumulus Radio Investors (and, previously, CMP).
If 100.5 were to start simuling 680, they (Cumulus and Dickey) would probably just make it easy on themselves and LMA 100.5 to Dickey. Note that this would have NO effect on the 8/5 FCC station limit in the ATL market, since Cumulus and Dickey have to count each other's stations because of the shared control.