NRK sold

Feedback.pdxradio.com message board: Archives: Portland radio archives: 2008: July, Aug, Sept - 2008: NRK sold
Author: Radioboy25
Thursday, August 07, 2008 - 9:53 pm
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Confirm this please. The word on the street is Entercom sold it. Could this mean a master plan to pick up a CBS fm? Very Very strong rumor on this. Anybody have any concrete facts ????

Author: Kkb
Thursday, August 07, 2008 - 10:48 pm
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Sold it to who?

Author: Kkb
Thursday, August 07, 2008 - 10:48 pm
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Sold to who?

Author: Radioboy25
Thursday, August 07, 2008 - 10:58 pm
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San Francisco investment firm is what my deep throat told me

Author: Radioxpert
Friday, August 08, 2008 - 2:08 am
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Which CBS station might Entercom be interested in? How about KUFO?

Author: Beano
Friday, August 08, 2008 - 2:31 am
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Kufo? Heck no, They want KINK. I'm guessing its Kink, and If I was a betting man, I would bet KINK.

Author: Radioxpert
Friday, August 08, 2008 - 2:44 am
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Yes, KINK would make sense, except that would leave K-Hits without Dennis! I would expect the two stations to be sold together, and Entercom wouldn't be allowed to take both. However, anything could happen.

Author: Radioboy25
Friday, August 08, 2008 - 7:00 am
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AVCO Bought it.

Author: Newflyer
Friday, August 08, 2008 - 8:52 am
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I came up with something awful the other day... here's the short version.

Entercom Portland currently has 2 class "C" stations (92.3 KGON and 97.1 KYCH), 2 class "C1" stations (99.5 KWJJ and 105.1 KRSK), and a class "C2" station (94.7 KNRK).

CBS Radio Portland currently has 3 class "C" stations (101.1 KUFO, 101.9 KINK, 106.7 KLTH), 1 class "C0" that's virtually the same as the "Cs" due to tower height (107.5 KXJM), and one "C1" (98.7 KUPL)

According to the FCC's website, one owner can own up to 8 stations in a market, and up to 5 on either AM or FM. (I'm fairly sure the Portland radio market has 45+ commercial stations, considering the outlying stations.)

In total, that's 5 class "C" FM stations.

However, on the other side of the speculation spectrum:

Originally posted on radioandrecords.com, Aug 04, 2008
Entercom Q2 Loss Increases To $96M
By Jeffrey Yorke

Entercom reported a $96.3 million ($2.60 per share) second quarter loss Monday (Aug. 4) compared to a $12.5 million (32-cent per share) loss during the same period in 2007.

Net revenues slipped slightly to $123.8 million from $125 million. The Philadelphia-based radio company said its adjusted net income rose to $16.4 million (44 cents per share) from $14.7 million (38 cents per share) in the same time a year ago.

[...]

"I am pleased to report that Entercom achieved strong growth in both free cash flow and adjusted net income per share during the quarter," said Entercom president and CEO David Field in a statement. "And, in the face of difficult and deteriorating general economic conditions that have significantly impacted earnings from a broad range of consumer-facing businesses, I am also very pleased by Entercom's second quarter operating results. Third quarter results will reflect declining business fundamentals, but looking ahead, radio broadcasting is well positioned for resumed growth. Radio listenership in the U.S. reached an all-time record this past year and radio is the most cost-effective major advertising medium in the nation."

Author: Itsvern
Sunday, August 10, 2008 - 1:03 am
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I'm moving NRK from Banks to McMinnville!
Finally a real FM here!

Author: Semoochie
Sunday, August 10, 2008 - 1:50 am
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...too close to Eugene and Monmouth.

Author: Craig_adams
Sunday, August 10, 2008 - 1:52 am
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That should be, you're moving NRK from Camas to McMinnville. KXJM is Banks.

Author: Radioxpert
Sunday, August 10, 2008 - 3:55 am
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94.7 won't be moving anywhere. :-)

Author: Justin_timberfake
Sunday, August 10, 2008 - 3:02 pm
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They might not be moving but the format might be.
I've been hearing talks about an all spanish 94.7. They will still be playing all the exact same artists EXCEPT they will be in spanish. So instead of hearing "somebody Told me" by The Killers you will be hearing the spanish version of "Somebody told me."
The jocks will still stay the same, except their talk breaks will be dubbed over with spanish speaking people. The only one who wont have their talked breaks dubbed over in spanish is Gustav, oddly enough he will be speaking in german.


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