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Deal

Closing A Broadcast Transaction: Nightmare, Or Dream Come True?

Erwin Krasnow of Garvey Schubert Barer and Doug Ferber of DEFcom Advisors have written a series of articles exclusively for RBR+TVBR on what can go wrong at closing and how to “click the ruby slippers” to avoid any problems. Here's the first installment.

More Insight On License Revocation Prevention

A column by John Wells King and Erwin Krasnow, "How To Lose Your Station's FCC License," has become a reader favorite worthy of encore appearances at RBR.com. Independent Alternative FCC Compliance Certification Inspector Ken Benner read it, and offers additional thoughts on keeping one's license.
FCC

How To Lose Your Station’s FCC License

On Dec. 28, 2017, RBR+TVBR published what has emerged as one of its most popular Media Information Bureau columns. The title of this piece by John Wells King and Erwin Krasnow says it all. It remains one of our most requested columns, and we are pleased to share it anew.

An ALJ Hearing: The Ultimate Deal Killer?

Veteran D.C. communications attorney Erwin Krasnow was just as surprised as many of the brokers and attorneys RBR+TVBR contacted following the release Monday morning of a statement from FCC Chairman Ajit Pai that reveals he has "serious concerns" over Sinclair Broadcast Group's planned merger with Tribune Media. A draft hearing designation order was circulated by Pai. Is this a "deal killer?" Krasnow had some things to say about that.
Towers

Inspect Your Potential Station With Eyes Wide Open

Cavell Martz's Gary Cavell and Garvey Schubert Barer attorney Erwin Krasnow both believe potential owners can learn a lot by being observant when walking around a station. Here are some great pieces of advice, in an encore Media Information Bureau column you don't want to miss.
Erwin Krasnow

Five Myths of FCC Decision Making

In this Media Information Bureau column, noted D.C. communications attorney Erwin Krasnow shares his insight on what the FCC's decision makers actually read, if hefty fines are truly meant to fuel the FCC budget, and if the Commissioners "have unbridled discretion to make public interest determinations," among other hot topics.
Chart

Deal Killers Podcast: Change In Business Performance

Can a “material adverse change” derail the purchase of a radio or TV station? Erwin Krasnow, a partner at Washington law firm Garvey Schubert Barer, takes the mic in this penultimate Deal Killers podcast moderated by RBR+TVBR Editor-in-Chief Adam R Jacobson. Also sharing their thoughts are media broker Doug Ferber of DEFcom Advisors and Bruce Mittman and Jim Leven — the leaders of radio broadcasting company Community Broadcasters.

Can The Loss Of A Key Employee Kill A Station Sale?

Some buyers regard the retention of key employees following the closing of a radio or TV station acquisition as an essential element of the deal. Yet, sellers often do not take into consideration the adverse impact of the exit of a key employee — or several. Should a firm succession plan be drafted before the Asset Purchase Agreement is signed? That is the focus of this exclusive "Deal Killers" podcast featuring the COO and CEO of Community Broadcasters, media broker Doug Ferber and respected D.C. communications attorney Erwin Krasnow.

Deal Killers: Unrealistic Price Expectations

What's a "deal killer"? How can you avoid them? To help best answer these questions, Garvey Schubert Barer communications attorney Erwin Krasnow and DEFCom Advisors CEO Doug Ferber created a new limited series of podcasts based on a 2017 Media Information Bureau column on this very subject. RBR+TVBR Editor-in-Chief is the host, and the guests are the operating partners of Community Broadcasters.

Looking Back, Looking Ahead: The D.C. Attorney’s Take

Over the course of the next few weeks, RBR+TVBR will be turning to media brokers and communications attorneys for their take on what's in store for broadcast media owners in 2018, while taking a look back at 2017 and sharing their thoughts on what's happened for radio and TV industry executives. We begin this series with thoughts from Garvey Schubert Barer partner Erwin Krasnow.
Erwin Krasnow

Ask Your Potential Broker This

In May 2016, Garvey Schubert Barer attorney Erwin Krasnow explained the role of brokers and buyers. Here, we revisit his advice on what he believes are typical questions to ask when selecting a broker.

The ‘Broadcast Deal Myths Debunked’ Podcast: Episode 10

Doug Ferber of DEFcom Advisors LLC and Erwin Krasnow of Garvey Schubert Barer have created a special podcast series exclusively for RBR+TVBR members based on a series of articles centered on the topic “Broadcast Deal Myths Debunked.” In this 10th and final podcast in this series, Ferber and Krasnow discuss "Murphy's Law" and "The Greater Fool Theory." In short, they do not apply to broadcast deals.

The ‘Broadcast Deal Myths Debunked’ Podcast: Episode 9

Doug Ferber of DEFcom Advisors LLC and Erwin Krasnow of Garvey Schubert Barer have created a special podcast series exclusively for RBR+TVBR members based on a series of articles centered on the topic “Broadcast Deal Myths Debunked.” In this ninth podcast installment, Ferber and Krasnow discuss the myth that one should avoid deal intermediaries.

The ‘Broadcast Deal Myths Debunked’ Podcast: Episode 8

Doug Ferber of DEFcom Advisors LLC and Erwin Krasnow of Garvey Schubert Barer have created a special podcast series exclusively for RBR+TVBR members based on a series of articles centered on the topic “Broadcast Deal Myths Debunked.” In this eighth podcast installment, Ferber and Krasnow discuss the belief among some that they can bank on 100% leveraged purchases.

The ‘Broadcast Deal Myths Debunked’ Podcast: Episode 7

Doug Ferber of DEFcom Advisors LLC and Erwin Krasnow of Garvey Schubert Barer have created a special podcast series exclusively for RBR+TVBR members based on a series of articles centered on the topic “Broadcast Deal Myths Debunked.” In this seventh podcast installment, Ferber and Krasnow discuss the one part of any transaction that goes beyond intellectual property, possession of a broadcast license, or equipment acquisition — real estate. This is one of Ferber's favorite topics. Why?