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1590 WCGO

Posted by JJSPC1372 <iframe src='https://members.boardhost.com/chicagomediachat/info/user=JJSPC1372' width='330' height='300' border=0 style='border:none;'> on August 29, 2023, 9:12 am

Looks like a sale is taking place.

https://enterpriseefiling.fcc.gov/dataentry/views/public/assignmentDraftCopy.html?displayType=html&appKey=25076ff38a251b43018a30d03e290dbf&id=25076ff38a251b43018a30d03e290dbf&goBack=N

Re: 1590 WCGO

Posted by Jeremy Andrews <iframe src='https://members.boardhost.com/chicagomediachat/info/user=Jeremy+Andrews' width='330' height='300' border=0 style='border:none;'> on August 29, 2023, 9:51 am, in reply to "1590 WCGO"

That's the Spanish broadcaster that leases overnights.

I believe WRMN has the same owner as WCGO, at least in part. I wonder if they'll sell that one too

Re: 1590 WCGO

Posted by PhilJSmith <iframe src='https://members.boardhost.com/chicagomediachat/info/user=PhilJSmith' width='330' height='300' border=0 style='border:none;'> on August 29, 2023, 9:48 pm, in reply to "Re: 1590 WCGO"

For TLDR purposes, the top paragraph of the Asset Purchase Agreement…

“ This ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of the later of the dates accompanying the signatures below (the “Effective Date”) by and between (a) Evanston Broadcasting LLC, an Illinois limited liability company “Seller”); and (b) Ambiente Clasico LLC dba WCGO – 1590 AM, an Illinois limited liability company (“Buyer”). Seller and Buyer are the “Parties.” “

Re: 1590 WCGO

Posted by JJSPC1372 <iframe src='https://members.boardhost.com/chicagomediachat/info/user=JJSPC1372' width='330' height='300' border=0 style='border:none;'> on September 1, 2023, 2:48 pm, in reply to "Re: 1590 WCGO"

Last time around in 2017 WCGO sold for $3 million. This time $825,000 including the separate real estate transaction. Amazing how things have changed this quickly but at the same time, surprised the fast decline of AM values didn't happen many years ago.

Re: 1590 WCGO

Posted by WYTZZ95FM <iframe src='https://members.boardhost.com/chicagomediachat/info/user=WYTZZ95FM' width='330' height='300' border=0 style='border:none;'> on September 1, 2023, 8:08 pm, in reply to "Re: 1590 WCGO"

JJSPC1372, it will keep declining, very rapidly. You will see more diplexing of antennas too with degraded signal patterns.

Whatever happened to iBOC HD? LOL!

Even selling airtime has faded. Why would someone want to rent time from CGO, SBC etc, when you can't even be live in studio? Audio in low quality AM Mono? Pay someone to be on the air with such restrictions? Anyone with an internet connection and a user list or promotion can do it all online, for way cheaper. Even for the religious themed broker stations.

Z

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