Broadcast Station Acquisitions: MYTH No. 16: It’s Just a Letter of Intent

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Erwin KrasnowDoug-FerberBishop Cheenby Erwin G. Krasnow, Doug Ferber & Bishop Cheen


Deal flow speaks volumes about the entrepreneurial appetite for broadcast properties, and with the FCC’s broadcast incentive auction drawing closer, Garvey Schubert Barer attorney Erwin G. Krasnow ([email protected]), DEFcom Advisors CEO Doug Ferber ([email protected]) and SNL Kagan Analyst/Consultant Bishop Cheen ([email protected]) have written an extensive commentary de-bunking common auction myths. Previously, they covered the myth to “avoid intermediaries whenever possible”.

Here, the trio discuss the myth that “it’s just a letter of intent”.

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