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Don't let your radio or TV station deal implode right before closing. Here are some tips to avoid such a nightmare scenario, in Part Three of an exclusive four-part series from noted D.C. communications attorney Erwin Krasnow and media broker Doug Ferber.

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.

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.

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.

The FCC on February 8 granted a request for a silent STA from an Alabama LPFM that's seen two NOVs for unauthorized tower sites in five years. Yet, the station is back on the air, and the request was filed two months late. Consider it the latest twist in a story involving Terry Keith Hammond, a past license loser.

Mortenson Broadcasting has enjoyed a presence in North Texas by way of a pair of AM radio stations licensed to Fort Worth and, in recent months, through an FM translator serving the western half of the Metroplex. Now, Mortenson is saying goodbye -- or, perhaps 안녕 -- to those facilities ... sort of.

One would hope that a Notice of Violation from the FCC would not only fix a problem, but prevent a repeat offense. An Alabama operator has again been warned for transmitting away from its authorized site, repeating a 2013 action. That's nothing compared to what happened nine years ago.

Forget that Weed Wacker stored in the back corner of FCC Chairman Ajit Pai's office in Washington, D.C. Sinclair Broadcast Group and Tribune Media on Monday morning were each struck with a cattle prod any Kansas rancher would likely approve of. Sinclair commented late Monday afternoon. Once Sinclair spoke up, it wasn't shy about its thoughts on the matter, which bring new light to the history of Cunningham Broadcasting.

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.

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.

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.

The seventh and final installment in a limited podcast series focused on the things that could derail a transaction is devoted to the topic of seller's remorse. Plus, what happens when a deal seems all but set, but an unwelcome surprise pops up in the 11th hour? Tackling the two subjects are Community Broadcasters' Jim Leven and Bruce Mittman, noted broker Doug Ferber and a veteran D.C. attorney.

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.

What are the best next steps to get a media deal done and to operate a group of radio or TV stations as quickly and successfully as possible? Being fully prepared to take on the transaction, in particular as a buyer, is key, say Community Broadcasters’ two top leaders. Get the info you need from these pros in the latest in our exclusive Deal Killers podcasts.

When it comes to making a deal happen, most buyers will use a cash flow multiple as an important element in valuing a station — and will rely on the seller's accounting records to make the calculation. But, what if your financial records are, quite frankly, a haphazard mess?