I am pleased to announce that for at least the next six months, I am now a five-percent owner of a small-town AM radio station that, while it is not itself located in the very back of the beyond, does have a pretty good view of it on a clear day, if you stand near the tower and sight through a gap in the foothills.
Why? Well, it was a chance to own part of a radio station while making a micro-loan that, if it pays off, will earn me some hobby money and if it doesn't, I guess I'm going to own five percent of the thing as it augers in, which does put me back in the radio biz after decades away and at roughly the same point I left.
I didn't gamble more than I could afford to lose; AM radio is a dice-roll these days and probably won't get a lot better soon -- but when you're the sole voice of the Consolidated Town and County High School basefootbasketocky teams, there's still a fair chance to keep the lights on, meet payroll and make loan payments, at least as long as you don't suffer an employee-created shortfall on the first week of school. (I dunno if charges have been filed but much recovery of losses seems unlikely.) Gah, barbarians at every gate these days.
T. R. MCELROY'S STREAMLINED TELEGRAPH KEYS
1 year ago