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It will take a failed station waiver from the FCC to get done, and if that regulatory remedy is forthcoming, CW KCEB will become...
In archery, “sinning” means missing the mark. In negotiating, there are nine common mistakes that will cause you to miss the mark. Read them carefully. Then go and “sin” no
In the far north of Upstate New York lies a unique Class C AM radio station that offers a wide mix of obscure Oldies as Plattsburgh's "Hometown Radio" station. Will that eclectic blend of classic hits and vintage 1970s Top 40 jingles soon disappear? This heritage station is getting a new owner.
Erwin Krasnow of Garvey Schubert Barer and Doug Ferber of DEFcom Advisors have provided an exclusive four-part article for RBR+TVBR on what can go wrong at closing, and how to ensure that the closing is completed on the scheduled date. Here's the second installment.
At some point, every owner will decide that it is time to sell its station. Just as the owner of a house would not put the house on the market without engaging in a little fix-up and clean-up, the owner of a broadcast facility should not simply turn the station over to a broker without preparing the station for sale. While planting rose bushes in the front yard may help in the sale of a house, it is likely to be useless in attracting prospective broadcast station buyers. There are, however, a number of things that the seller can do to prepare a station for sale.
The period between the execution of a purchase agreement for the sale of a radio or TV station and the transaction's closing may be viewed by many as a broadcaster’s vision of purgatory. To ensure a smooth transition, the seller needs to know how—and when—to communicate the sale to employees, advertisers and vendors. In this column from Erwin Krasnow and Doug Ferber, the broadcast media C-Suite is guided through the intricate process of communicating the decision to sell the station. Be sure to jot down their suggestions on engaging in the most effective communication to staff, once that Form 314 is filed with the FCC.
Erwin Krasnow, Doug Ferber & Bishop Cheen discuss the myth that real estate gains you much deal value.
Conducting effective due diligence is a critical step when planning to acquire
With no mention of radio whatsoever by the watchdogs, small radio is wondering how it got roped into
At the bottom of the Great Recession, radio had lost $5 billion of revenue, from over $20 billion in 2007 to
During recent broadcast history, not only has it been difficult to procure financing, it has also often been difficult to repay it. In this installment of Deal Tips, transaction experts John Brooks and Erwin Krasnow stress the importance of candor and honesty during hard times, and explain exactly what this entails. This is a must read for anyone who has ever financed an acquisition.
We can’t say that you asked for it, but we’ve always sort of had a hankering for a list of how markets are ranked by Arbitron on the one hand, Nielsen on the other hand, and by Eastlan on yet another hand (not to suggest there mutations are widely present in the broadcast nerd community). And yes, we suspect this list will be of particular interest to the nerdiest of broadcast and research professionals. But we think it’s very interesting.
By Garrison C. Cavell and Erwin G. Krasnow, Esq. In this week’s installment of our “not-too-technical, not-too-basic” guide to due diligence, we’ll highlight regulatory compliance...
By Garrison C. Cavell and Erwin G. Krasnow, Esq. In the last two installments of our “not-too-technical, not-too-basic” guide to due-diligence, we made suggestions on...
By Garrison C. Cavell and Erwin G. Krasnow, Esq. In Part 1 of our not-too-technical, not-too-basic guide (RBR/TVBR. March 1, 2013), we mentioned that there...