Stations for Sale

Radio Record, Volume V, Issue 10, 18 September 1931, Page 9

Stations for Sale

Exaggerated Values

NH} can still make a _ fortune in America by selling a broadcasting station. The supply of available stations is so far behind the demand that churches and schools are disposing of their broadcast transmitters at fabulous Rrices. ‘Among other examples, a 100-watt station in New York is now on the market for the modest sum of £17,000. This station’s equipment originally cost £180; to-day it is-a third-rate station with an obvious illusion about the size of its audience and the value of the one-fourth time it is licensed to remain on the air. Another in the same vicinity, a 500-watter, is now being "offered" for £382;000. -A year ago its , Owners were tearfully begging for . £10,000.

.. The management of still another New York station, a 1000-watter, is known to have placed a "conservative value" of £50,000 on it,» Station WOR, Newark, with 5000 watts, is understood to have refused £600,000 for plant and goodwill, presumably offered by a-well-known newspaper magnate.