Oh, but before I leave for my latte, you will be SO GLAD to know that we CAN determine if the price paid was fair or not.
I shall be using three contemporary valuation methods for my analysis. The Multiple of Cash Flow Valuation; the Multiple of Revenues Valuation; AND last, but not least, the Discounted Cash Flow Valuation. By backtracking, i.e. plugging in the sales price (and BTW, thanks for the verification...I had not remembered that PR), we can determine what the approximate revenues were for the station.
As you can determine from my previous post giving examples of real world sales, the revenues from the station must've been very, very small. Plus my previous post makes it clear that the radio stations served a very small market.