Grubstake dealing in the West

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You build it, I’ll let you keep half is the operating principle in this deal. Tonopah Radio LLC, headed by Fred Weinberg, will be the surviving entity in the transfer of a CP for a new AM in Tonopah NV from Carl J. Auel’s Champlain Radio Inc. No cash will change hands, but the buyer will construct the station, in exchange for scant 50.1% majority control of the new licensee. Profits will be split 50-50. The station, which will be constructed in a town far from any measured markets, will be a Class C on 1450 kHz with 1 kw-D & 750 w-N off a non-directional antenna.