[BC] FM auctions

[Dennis Cope]

You think you got a gripe, I found I was outbid by a shadow company owned in
part by an FCC lawyer. He is a minority owner, his wife owned 51% of the
stock..

The little guy does not stand a chance anymore...

So now what I will do is wait for the station to bleed to death and maybe
pick it up for a better price..

It's not about serving the community anymore, just the money...

Dennis
WESR, WCTG




>>I bid for a while last year. I'm not playing this year. I watched
questionable CP's sell for more than what I paid for a built-out combo ten
years ago.

I see the same thing on Ebay.  People jack the price up on something because
they MUST have it.  In fact, I don't see why the FCC doesn't just turn over
this auction process to Ebay.  It makes no sense to me.  Like Dana said, you
can spend hundreds of thousands of dollars doing the studies to get a
frequency allocated just to have the FCC turn around and put it up for
auction (years later) where you will most likely be shut out of the bidding
because a shadow company from one of the bigger players bids the price up to
more than it's worth.  There's a frequency in my hometown of Vienna Georgia
that's up for auction.  The starting bid is $40,000.  Add that to the start
up costs, and factor in the fact that the area isn't a hot market for sales,
and you will be years earning back the money to pay it all off.  it's not
worth it for a little guy like me who's looking for his first ownership
opportunity.  I'd like to see a 75% discount for the person who get the
frequency allocated in the first place.  But like others have said, that's
not gonna happen.

Scott Cason
LaGrange Communications, LLC
502-213-0024
www.lagrange-com.com