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WMJZ sold?

Covers all of Northern Lower Michigan (from Ludington to Tawas northward), as well as the Straits Area and Soo Region.
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SpartanAM
Posts: 168
Joined: Sat Oct 24, 2015 8:51 am

WMJZ sold?

Post by SpartanAM » Sat Dec 23, 2017 11:37 am

Word on the street is that 101.5 is sold. Can anybody confirm?


She's got the tower... She's got the power...

tvbobn
Posts: 163
Joined: Sat Dec 04, 2004 3:25 pm

Re: WMJZ sold?

Post by tvbobn » Sat Dec 23, 2017 3:36 pm

Nothing has been filed with the FCC. Takes around 90 days to get approval once it's applied for and then they can close on a deal, if there's actually a deal.



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SpartanAM
Posts: 168
Joined: Sat Oct 24, 2015 8:51 am

Re: WMJZ sold?

Post by SpartanAM » Tue Jan 02, 2018 7:48 pm

According to their website WMJZ is now owned by 45 North media

http://www.45northmedia.com/

President: Bryan Hollenbaugh


She's got the tower... She's got the power...

tvbobn
Posts: 163
Joined: Sat Dec 04, 2004 3:25 pm

Re: WMJZ sold?

Post by tvbobn » Tue Jan 02, 2018 9:50 pm

Application Search Results
File Number Form Paper/
Elect Call Sign Facility Id Service Status Status Date Details
BPH 9948 301 P WMJZ-FM 11756 FM GRANTED 01/01/1939 Info | Application
BRH 20120530AGA 303 E WMJZ-FM 11756 FM GRANTED 09/25/2012 Info | Application

Nothing has been filed to sell the station and you can see nothing even filed since September 2012.

It might be a Lease Management Agreement (LMA), but if they actually sold it, it would have been an illegal sale without FCC approval.



tvbobn
Posts: 163
Joined: Sat Dec 04, 2004 3:25 pm

Re: WMJZ sold?

Post by tvbobn » Tue Jan 02, 2018 9:53 pm

As of 1/2/2018-
Call Sign: WMJZ-FM
Facility Id: 11756
Applicant Name: DARBY ADVERTISING, INC.
Frequency: 101.5
Channel: 268
Community of License: GAYLORD, MI



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audiophile
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Location: Between 88 and 108 MHz.

Re: WMJZ sold?

Post by audiophile » Tue Feb 13, 2018 7:23 am

The buyer is a local couple, selling price: $775,000


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tvbobn
Posts: 163
Joined: Sat Dec 04, 2004 3:25 pm

Re: WMJZ sold?

Post by tvbobn » Thu Feb 15, 2018 11:29 pm

They are using an LMA to operate the station as if it's their own, before the sale is completed.

Wow, I can't believe they paid that much for that station! That's a lot of money for a station in Gaylord. It must be billing a lot or the new folks were crazy enough to pay more than it's worth.

Good for the seller and I wish the Hollenbaugh's best of luck with their new venture!



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MWmetalhead
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Re: WMJZ sold?

Post by MWmetalhead » Mon Feb 19, 2018 10:48 am

As I suspected - the transaction was financed by the seller. That explains the high price. Only $25,000 cash was paid at closing (and was credited against the $750,000 price).

Interesting article in Radio Ink!

https://radioink.com/2018/02/16/manager-owner-heres/


Radio's downfall has been under-investing in its core competency and becoming distracted by delusions of grandeur by thinking development of a half-assed national digital strategy will somehow put it on par with the Facebooks and Googles of the world.

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