This checklist provides a general idea of the documents and information that will be necessary for a due diligence investigation when purchasing a broadcast station.
This checklist provides a general idea of the documents and information that will be necessary for a due diligence investigation when purchasing a broadcast station.
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The most important equipment you'll need includes a microphone, headphones and playback devices. You'll have to pay for engineering fees and transmitting equipment to broadcast signals to your target audience. All the gear also needs to be licensed and approved for the country you're operating in.
If you are unsure on how to get started and you do not have a techie background then there is no need to worry. Creating your own radio station is pretty easy. Radio.co has streamlined the process of getting up and running in minutes. This means that you can broadcast without having to know what everything does.
Having said that, below are five important steps to take in order to start your own radio station with the possibility to expand.Obtain a License. First things first, obtain the required licenses.Music Rights. What is a radio station without music?Decide on your programming type.Equipment.Get the good news out there.
Typically, you can buy a radio station using one of two methods: purchasing the station's assets or purchasing the station's stock. Each sale could have different tax consequences, depending on the circumstances. You should discuss tax implications with an accountant.
How much profit can a radio station make? The exact profit of your radio station will obviously depend on factors ranging from audience size to programming cost to the amount of advertisers. However, the most popular local radio stations in the country are able to make over $60 million in ad revenue each year.
Radio and television announcers typically need a bachelors degree in communications, broadcasting, or journalism, but some jobs only require a high school diploma. Public address system and other announcers typically need short-term on-the-job training upon being hired.
Many stations get on the air for under $15,000 and can stay on the air for less than $1,000 per month. The main start-up expenses for a radio station are engineering fees, studio equipment for producing radio shows, and transmitting equipment for sending your signals out to the world.
Both generally cost around $3,000 and $3,500, respectively. Overall, internet radio stations often have the lowest cost, whereas you can launch a low power FM (LPFM) radio station for under $15,000 upfront. Month-to-month, you may be able to swing by with just under $1,000 of expenses.
Blue Snowball iCE Condenser Microphone. Samson Meteor Mic USB Studio Microphone. Blue Yeti USB Microphone. Rode Procaster Broadcast Dynamic Vocal Microphone.
The most important equipment you'll need includes a microphone, headphones and playback devices. You'll have to pay for engineering fees and transmitting equipment to broadcast signals to your target audience. All the gear also needs to be licensed and approved for the country you're operating in.