Oasis

[jdiddy]

Not to ecco the other board, but what sprung the birth of this board has begun to be brought to a reality. 97.5 The Oasis went off air at midnight last night.

From www.975oasis.com "Simmons Media regrets that our lease with the company that owns KOAY, Millcreek Broadcasting who is in bankruptcy, was terminated by a court on their behalf. Thanks for your previous support and listening to 97.5 The Oasis."

So, the courts are determining, along with lenders, where Milcreek's properties will go. Mine was not an attempt to bash on Milcreek (for which threads were locked), solely to inform.

[henry_radio]

Hmm.  Very interesting.  I don't know how much equity Millcreek has.  If they do - they could sell off KOAY, and maybe it'd be enough to bring them into the clear for a while.

I wonder on Simmons' end if this is a sigh of relief or not.  It could be that KOAY was turning a profit, which is sort of a bummer for the folks over on 7th East.  But since it wasn't showing up (at least 12+) it may have been a nice way to give up on the format.

How long do y'all think it'll be dead (no signal)?  Until the next owner?  It's too bad they can't hook up an iPod with some odd format (dance, polka, free-form jazz).  But I'm sure that's not gonna happen since there's ASCAP and BMI stuff.

[jdiddy]

No Peggy, No Dain---- Why not reunite the two on KOSY and make a hard run at FM100. I think that KOSY's time has come to make or break as far as competing with FM100. They'll never get closer than they are if they don't make a move.

Thoughts?

On the other front, it has to be a relief for Simmons. I think they saw the potential, but I would find it hard to believe if they were turning a profit. A close friend who works their estimated that Simmons had already lost over $500K on the Oasis. . .

[henry_radio]

Nothing is gonna happen until after the new owners take over CC.