The radio station most likely to heard blasting from car stereos at any given moment on any street in Homewood, WAMO-FM, has been sold, along with its sister stations, WAMO-AM and WPGR-AM.
I visit my next door neighbor twice a week to work out with him in his basement. Like any regular meeting, this one has begun to generate its own ritual. We head into the basement, we each slip on a pair of lifting gloves, and he turns on WAMO-FM.
I have *no* idea what station he will turn on after St. Joseph Missions takes over 106.7. We might have to set up a computer in the basement to tune in to somebody's podcast (I don't know whose; any suggestions?).
Other than that, my first thought about the news was that the sale price, $8.9 million, sounds like a deal for three radio stations. I don't really know, but it just sounds like it. The second thing that struck me was this line:
"Sheridan owners tried to find minority buyers for the stations, but none could arrange the necessary financing..."
Really? Truly? In the world of business, $8.9 million is not a lot. As SoulPitt.com founder Donna Michele Baxter commented on Facebook, "A Steeler or two could have bought it and kept it urban."
Which raises the question, "What do Black Pittsburghers who have money do with their money?" I have carried that question a long time; I thought it about often during all the pre-PG years when I worked for $8.00 an hour or less (when I worked at all), and felt utterly unable to take advantage of the opportunities that I saw all around. Wish I could fund a good study of Pittsburgh's middle- to upper-class Black population by a couple of sharp sociologists, a la Melvin Oliver and Thomas Shapiro's "Black Wealth, White Wealth."
I used to go to church with some of those folks, but never got to know them well (how well can people get to know each other by looking at the backs of one another's heads for two hours a week?). Or at least, not well enough to violate the taboo against talking about money.
I digress. Back to WAMO: Some folks in the cybersphere are suggesting that the vacuum created by the sale will create an opportunity for Black entrepreneurs and artists.
Do you agree? Do you see anyone on the local scene who you believe could fill the void? And until they do, how will the change in WAMO's ownership affect Homewood?
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Posted
May 18 2009, 10:21 AM
by
Elwin Green