|
Post by David on Sept 12, 2021 12:54:08 GMT -6
Wow . . . It would really suck to sign a contract to buy a radio station, and then find out after the fact that the property where the tower is has been sold to a developer who's going to demolish the tower and studio building. Positiva Radio may soon find themselves in a situation similar to the current license holders of KDYL and KMRI, and it's not going to be cheap to rebuild an AM station with property values soaring in Utah.
One thing I found puzzling about the blurb published on RadioInsight is that KOGN was described as having a Spanish Christian format, but every other source on the web lists KOGN's format as Regional Mexican. Perhaps someone with a better understanding of Spanish can clarify exactly what KOGN's format is. The stream on Positiva Radio's website matches what's being broadcast on 1490.
|
|
|
Post by amanuensis on Sept 12, 2021 19:30:41 GMT -6
The blurb stated that the money for the sale came from the LMA proceeds. Is this the radio equivalent of "rent to own" furniture stores or am I misunderstanding?
|
|
|
Post by David on Sept 12, 2021 20:55:19 GMT -6
The blurb stated that the money for the sale came from the LMA proceeds. Is this the radio equivalent of "rent to own" furniture stores or am I misunderstanding? A LMA (local marketing agreement) is more like leasing rather than rent to own, but some LMA's result in the station's owner selling or transferring the license to the lessee later on. Besides KOGN, the China Radio International LMA on KDYL eventually resulted in James Su buying the station from Ralph Carlson, with the LMA fees being applied towards the purchase price. I believe Vic Michael had a similar LMA with the current owner of 1230 KJJC when Kona Coast Radio sold the station, but I'm not 100% positive. This page explains the advantages and disadvantages of LMA's pretty clearly. www.upcounsel.com/local-marketing-agreement
|
|