{"id":2682,"date":"2011-09-19T05:09:32","date_gmt":"2011-09-19T10:09:32","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=2682"},"modified":"2011-11-26T12:25:15","modified_gmt":"2011-11-26T17:25:15","slug":"nassau-broadcasting-headed-to-liquidation","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=2682","title":{"rendered":"Nassau Broadcasting headed to Liquidation"},"content":{"rendered":"<p>Tom Taylor&#8217;s newsletter reports that Nassau Broadcasting is headed to Chapter 7 bankruptcy &#8211; liquidation.<\/p>\n<p>This is a really sad story.   Prior to the 1996 deregulation of radio, Nassau was based in Princeton NJ, and was a successful local operator.  Over time, the company had plowed its profits into buying other similar stations in New Jersey.<\/p>\n<p>Then the greed kicked in.   As the post 1996 buying frenzy took off, Nassau&#8217;s owner tried to do an IPO and when that failed, went on a buying rampage, buying up close to worthless stations in New England at hugely  inflated prices, using borrowed money from private equity firms and Goldman Sachs.<\/p>\n<p>The owner had the idea of setting up a regional commercial radio network called W-Bach, at best a very unorthodox programming choice.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"TV1z45XQF1\"><p><a href=\"https:\/\/streamingradioguide.com\/blogradio\/?page_id=703\">Nassau Broadcasting<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Nassau Broadcasting&#8221; &#8212; Streaming Radio (2006-2009)\" src=\"https:\/\/streamingradioguide.com\/blogradio\/?page_id=703&#038;embed=true#?secret=TV1z45XQF1\" data-secret=\"TV1z45XQF1\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>After the price of radio station licenses fell apart in the early 2000s, he kept right on buying up more stations at inflated prices 3 years after the bubble had burst &#8211; something that was eventually realized.  Nassau was one of the leaders rushing into Chapter 11 bankruptcy (reorganization)<\/p>\n<p>So if you are like Stephen King and want to buy really rural radio stations in back woods New Hampshire and Maine with a listening audience of 5 people, you may be able to get a bargain soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom Taylor&#8217;s newsletter reports that Nassau Broadcasting is headed to Chapter 7 bankruptcy &#8211; liquidation. This is a really sad story. Prior to the 1996 deregulation of radio, Nassau was based in Princeton NJ, and was a successful local operator. &hellip; <a href=\"https:\/\/streamingradioguide.com\/startingover\/?p=2682\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2682","post","type-post","status-publish","format-standard","hentry","category-radio-biz"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/2682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2682"}],"version-history":[{"count":4,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/2682\/revisions"}],"predecessor-version":[{"id":3383,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/2682\/revisions\/3383"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}