Re: [IRCA] KGA 1510 app

[Scott Fybush <scott@xxxxxxxxxx>]

Mike McKenna wrote:
> What is NOT part of the application -- is what Mapleton really paid
> to the owners of KGA -- in cash.  Why doesn't KGA just move to
> Bellevue or Seattle  ??? 

That's public record, too. The asset purchase agreement for the seven 
Citadel stations in Spokane was filed under KZBD-FM, one of KGA's sister 
FM stations.

Mapleton is paying Citadel $22.5 million for the three Spokane AMs and 
four FMs, plus up to $1.5 million once the KPIG upgrade is complete ($1 
for each new person in the KPIG nighttime contour, which will probably 
amount to about $1 million.)

Considering Mapleton can then turn around and sell the Spokane cluster, 
including the downgraded KGA, that's not a bad price at all. Here in 
Rochester, which isn't that much bigger than Spokane, there's a single 
FM on the market for $24 million right now.

Why not move KGA wholesale to Seattle? It wouldn't be impossible, down 
the road, but as things stand right now, you'd have to get the 1540 in 
Bellevue, the 1480 in Lakewood and the 1490 in Bremerton out of the way, 
at a minimum. 1520 in Oregon City could be an issue, too. Better to keep 
the application simple for now and look at a move later on, I suspect.

(Come to think of it, a move to Portland might be easier - it could even 
be done as a frequency swap, with KGA continuing to exist in Spokane on 
1520 and Oregon City going to 50 days/5 or 10 nights on 1510...)

s
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