Starbucks closing the Teavana chain

[giantsfan2016]

Starbucks is closing down its "tea" chain Teavana.

http://www.wfsb.com/story/35990080/starbucks-to-close-all-teavana-retail-stores-including-3-in-ct

[Zayre88]

Why not selling it instead of shutting it all down?

[giantsfan2016]

Why not selling it instead of shutting it all down?

I have often wondered that myself with various businesses whether retail, hospitality, food, or the media.

Last year a radio station in Bridgeport, Connecticut WDJZ 1530 AM had a big fine owed to the Federal Communications Commission. They couldn't afford to pay the fine and rather then sell the station and use the proceeds from the sale to pay the FCC fine, they turned their license into the FCC and went off the air. Now maybe a couple years ago perhaps no one would have wanted the station - while 5,000 watts, they were only authorized to broadcast from Sunrise to Sunset, but a recent change in FCC regulations they could have added a low-power FM repeater (translator is the radio industry term) and that would have allowed them 24 hour operation (on the FM anyway). With AM reception getting worse and worse thanks to increasing interference from electronic devices many AMers have added FM translators. Even better translators don't count towards ownership limits allowing them to be used not only for AM stations, but also to simulcast the FM HD channels. (HD Radio has been a colossal epic fail). More choices for the listeners another income source for the station owners. Win Win.