Wednesday, September 28, 2016

AM Tower Owners Seeing Lucrative Offers for Property

Tower owners and AM radio station owners may have more options than it first appears for a joint Return on Investment.

Some owners of heritage AMs are receiving real estate offers from developers that are so lucrative they must seriously consider them. In some cases, they’ve decided to sell because the land surrounding the tower sites and directly under the structures and even the value of the AM station itself, is worth much more than the station’s revenue. Two big land deals Inside Towers recently covered are Cumulus-owned KABC/KLOS, Los Angeles and WMAL in Bethesda, Maryland.

Lease, rather than sale, opportunities exist for AM owners and carriers, though they’re not as common as arrangements between FM owners and telecoms because of the difficult engineering involved in preventing AM signal interference. Fletcher Heald & Hildreth Managing Partner, Frank Montero, tells Inside Towers “AM stations have been trying to use their towers for supplemental income by diplexing with other AMs or leasing to wireless carriers like Verizon or T-Mobile.” Continue Reading

No comments:

Post a Comment