LFM Sale-

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  • Posted In: Miami


  • Member
    #128184

    Reportedly the head of Entercom said that he thinks he can run LFM “cheaper”.
    His words, not mine.

    We all know what that will mean.


    Member
    #128185

    Note that he didn’t say “better”.


    Participant
    #128194

    Reportedly the head of Entercom said that he thinks he can ruin LFM “cheaper”.

    I corrected it for accuracy.


    Participant
    #128445

    Oh my, that doesn’t sound good at all. A bit like Macy’s being bought by a dollar store.


    Participant
    #128505

    Entercom is generally a good company, and the Fields are decent people. However, they are very much business people, and they don’t offer a lot of frills. From what I’ve read, they’re not keeping the LFM management after taking over.


    Participant
    #128536

    Entercom is generally a good company, and the Fields are decent people. However, they are very much business people, and they don’t offer a lot of frills. From what I’ve read, they’re not keeping the LFM management after taking over.

    Sounds like my experience working for Keymarket. They didn’t throw money around (except for a very good listen at work campaign) but decent people.


    Member
    #132531

    Any word on where the Entercom acquisition of Lincoln Financial is? I can’t find anything beyond the January 2015 story . There is actually more info here than on the other boards . . . and there isn’t much talk about it here. In fact, in looking over the LFM site, they have put up new, recent/current employment notices for new positions…they are still hiring in various markets. So, is the deal with Entercom dead?


    Participant
    #132542

    The deal isn’t dead, but the DOJ is holding it up over concerns with the Denver market. Apparently, the DOJ is unhappy with Entercom’s proposal to divest KKFN there while keeping KYGO, KOSI and KALC.


    Member
    #135090

    Cut and pasted off the Atlanta boards regarding the Entercomm LFM deal —

    “Unconfirmed rumor has the Entercom deal cratering and Alpha picking up the LFM stations. Both good companies. The fat lady still needs to sing, I guess.”

    from website for L&L Broadcasting
    L&L Broadcasting LLC is a radio broadcasting company based in Portland, Oregon and led by Larry Wilson, who also runs Alpha Broadcasting. The broadcasting group is sometimes referred to as Live and Local, and also operates through the companies L&L Broadcast Holdings LLC and L&L Licensee, LLC.


    Member
    #137707

    FCC finally approves. Read about it on Radio Insight HERE. Looking forward to see what Entercom does with Miami – AC “101.5 Lite-FM” WLYF, Classic Hits “Magic 102.7” WMXJ, and Sports “104.3 The Ticket” 790 WAXY/104.3 WAXY-FM.


    Participant
    #137710

    This is purely a guess on my part, but I suspect Miami will be swapped to CBS for San Diego and Hartford.


    Member
    #137774

    Either deal means job losses. When does any redio deal ever mean MORE jobs?
    I forgot…NEVER.


    Member
    #137804

    Either deal means job losses. When does any redio deal ever mean MORE jobs?
    I forgot…NEVER.

    Agreed, Early Riser. Especially when all stations have basically eliminated the evening 7 to 10 PM, the 10 PM to 2 AM, and the overnight 12 Midnight to 6 AM shifts, and the weekends — the training ground and “break in the biz” shifts. The only live jocks/shows (and most of those “shows” are voice tracked, mornings are hardly “local” anymore) are from 6 AM to 7 PM. Then with the clusters, you got one person in a position, say traffic, doing four stations, so that’s three people out of work right there.

    And It’s not just Lincoln Financial; Palm Beach Broadcasting and Classical South Florida are probably going to suffer job losses/cuts across eight stations/brands.

    Lincoln has 3: 790 WAXY/104.3, and 102.7 Magic, and 101.5 Lite
    Palm Beach Broadcasting has 4: 97.9 WRMF, and X 102.3, Sunny 107.9, and 103.1 WIRK.
    Classical South Florida has 1 with 89.7 WKCP/WPBI 90.7.

    There probably will even be cut backs at WFTL 850 and WMEN 640, once the Digity Media sells off its Palm Beach cluster and the LMA for 850 and 640 goes away. There is the opinion that Jorgensen is only cleaning up and getting the properties to a sellable condition, and that running the same old JCR business model on WFTL and WMEN doesn’t make much sense in the long term if Jorgensen keeps them. On all four PBB’s stations sites, they’re advertising for a PD for WFTL/WMEN. The poor guy that gets that gig won’t last long.


    Member
    #138283

    Entercom/LFM deal ok’d. Let the firings begin!


    Member
    #178505

    I hate to start new threads. This “fits” here . . . .

    It’s Official as of November 17, 2017 — Entercom And CBS Radio Merge

    Full Reported story here on All Access https://www.allaccess.com/net-news/archive/story/171562/it-s-official-entercom-and-cbs-radio-merge

    CEO David Field’s memo to employees here on Radio Insight: https://radioinsight.com/headlines/121072/entercom-completes-cbs-radio-merger/

    Guess Entercom will be clearing out the Holly Hill Road digs and complete the move to The Citadel on N.E. Second Ave.  That story is on the South Florida Biz Journal at https://www.bizjournals.com/southflorida/news/2017/01/03/radio-broadcasting-company-to-move-104-employees.html

    I am sure format flips and job consolidations (just in time for the Holiday Season) are forthcoming. Prayers and hopes everyone lands on their feet.

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