Just got back from an east coast trip, and the temps in NYC and PA are ideal. Imo. It’s just the right time for BRIAN THOLE to head to Pittsburgh, where he’s taken a writer producer slot with KDKA, the CBS operation in Steel Town. He’ll be decamping from Vegas, thus negating the ‘what happens in Vegas stays in Vegas’ trope, He’s been Sr. writer producer for KTNV, the Scripps ABC affil in Sin City. Brian has worked at a variety of operations from the desert (the above mentioned LV) to the sea (San Diego) and in between (WCCO). A recent Emmy winner, its great to hear he’s got a new challenge that he’ll master with no sweat at all. Well Dunne! Brian.
Lesson #2 in selling/buying a TV station. So, where we last left off, a station is put on the market via a broker. If you’re working at a station that’s for sale (some let it be known, some not) you can tell because they try to reduce operating costs and downsize. Why? Because stations are priced based on two things. 1 – Station costs 1-2 times gross or 2 – Station costs 8-10 net. Paying more if equipment is new or market rank plays a part, but if you want to operate a station, you will not be able too if you overpay. Why? Because buying a station is a levered buy out. More next time.
Job Alert – Creative Services Director WHTM Harrisburg
Job Alert – Multimedia Consultant KOSA Odessa
Think About This: “People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they have not communicated with each other.” ~ Martin Luther King Jr