This week’s spotlighted broker:
George Kimble • Kozacko Media Services
This interview was conducted by Sandi Bergman
Sandi: What did you do before becoming a media broker?
Kimble: I started in radio when I was 13. My father, who owned the station had a heart attack and died at the age of 40. During my senior year in high school, at 17 years old, I became the morning man on my hometown station. I’ve owned radio stations for 40 years. I have also owned some full-power and low power TV stations over the years. I have been brokering radio and television stations on a full- time basis for eight years.
Sandi: What influenced your decision to become a media broker?
Kimble: After approximately 30 years of day-to-day management I turned over the operation to a partner and moved to Tucson, Arizona. While there, I became involved with a local business broker who was a member of the national Sunbelt franchise. After three years, and selling the same Quiznos several times, I thought media brokering would be more enjoyable. I contacted Dick Kozacko (then based in upstate New York). He had been doing media brokering for as long as I had owned stations. I asked him if he would like a west coast office, so here I am.
Sandi: Where do you see station sales today?
Kimble: There are plenty of good opportunities available. The prices have come down to the lowest in years — so NOW is certainly the time for action. While there are no national financial sources of money – local banks will still back an on-scene, experienced operator with the help of the SBA. And, seller financing is available in a number of smaller market opportunities.
Sandi: Highlight three listings that would be good opportunities for displaced station personnel and/or first-time entrants.
Three-Station Cluster in New Mexico Small Market — The asking price is $700,000 and seller financing IS available to an individual who will move to the community & run the stations full time.
New York – Full-time AM with Leased FM Translator — Another superb opportunity includes this award winning and profitable full-time AM with leased FM translator serving an upstate New York community. This AM/translator operation is outstanding and recognized in every positive way. All real estate is included in purchase. The price is $495,000, and this is for a station which requires no additional investment. Terms would be considered for financially qualified buyer.