KZION Radio Is Down
KZION has been offline since Thursday morning due to Internet connectivity issues at the studio. According to Qwest it could be until the 19th of May before service will be restored. This will be the longest period of time in almost five years that KZION has been offline.
As you can imagine it is creating an enormous amount of stress for me but I just have to try and get through it.
Now is a good time to let you know that I have been investigating several offers from companies who would like to either purchase KZION or buy into KZION. I met with one company a few months ago who is interested in purchasing KZION and then hiring me to run the station full time. I met with another investor last month but no agreement could be reached. I am in SLC today and Saturday to meet with a couple of investors which may provide me an opportunity to quit my job and run KZION full time.
KZION is valued in the six figures and so having a company buy KZION and then hire me to manage it is very interesting to me. Giving up total ownership though is scary for me to imagine. What happens if the new company decides a couple years down the road that they don’t need me anymore and I get fired? Sure I received a nice check but I lose something very dear to me. Retaining part ownership and receiving a salary to manage KZION is also interesting to me. I keep majority ownership and create my own destiny. I lose the big check which would really come in handy right now. I would love to become debt free.
It’s very difficult to know what to do. I love KZION and my dream is to be able to work KZION for a living. I truly enjoy doing this kind of work and I can live anywhere and still run KZION from my home. I think KZION can become a profitable business where enough advertising revenue can be generated to support a couple full time employees yet not turn the station into one big radio ad.
It has been nice providing KZION as ad free but without advertising dollars there is no opportunity for me to ever make a living from KZION. At the same time, KZION has become so large that I am almost unable to run it in my spare time. Something has to give.
With lots of discussion with my wife and lots of prayer, hopefully I will make the right decision that will be best for me, my new partners, and my listeners.
I will keep you updated.
