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3 radio stations owned by Stephen King going dark

Posted by Media Reader <iframe src='https://members.boardhost.com/chicagomediachat/info/user=Media+Reader' width='330' height='300' border=0 style='border:none;'> on December 6, 2024, 11:09 am

Radio news about a former Chicagoan:

"Maine radio stations owned by Stephen King to go permanently off air at end of year"

Three radio stations owned by author Stephen King since the early 1980s will go silent at the end of the year.

The stations, headquartered in Bangor and airing classic rock and adult alternative music, were acquired by King in 1983, when he was in his mid 30s. According to a press release by the stations' parent company, they were never profitable, with King personally covering their revenue shortfalls.

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Link: Stephen King

Re: 3 radio stations owned by Stephen King going dark

Posted by WYTZZ95FM <iframe src='https://members.boardhost.com/chicagomediachat/info/user=WYTZZ95FM' width='330' height='300' border=0 style='border:none;'> on December 6, 2024, 11:45 am, in reply to "3 radio stations owned by Stephen King going dark"

Interesting, not even attempting to sell them.

He was running them at a loss, aka, tax write-off. He is getting older, the write-off is probably no longer feasible or available, or worth it.

It is sad that independent ownership is no longer a popular, viable option in this country.

Z

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