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Speeding up the FCC application process
Where an assignment or transfer application is unopposed, it usually takes about 50 to 60 days from the time the application is filed until the grant by
Securing Protection for Seller Paper
If the seller provides the buyer with seller paper, what protection can the seller obtain to make sure that the station will be operated properly and that financial and
Making Sure the Proposed Upgrade Is a Reality
Sellers often tell prospective purchasers that the station has the potential to be upgraded. In most acquisitions, however, the buyer purchases the
Station sales: Making sure you can look under the hood
How does the buyer make sure that the equipment and other technical facilities are in good working order? Typically, the buyer negotiates for a specific representation and warranty by the seller
Hypothecation and Security Provisions
It is important to understand the distinction between the station’s license and the station’s non-licensed assets. The FCC consistently has held that a broadcast license (as distinguished
Watts up, Doc? AM swap in Fresno
John and Katrina Ostlund are trading Fresno AM stations with Arthur and Yvonne Liu, and will also kick in a significant amount of cash....
The legal art of the broadcast transaction
Can a seller take out an insurance policy that provides compensation in the event of a rip-roaring case of cold feet on the part of the buyer? Well, not exactly, but
Buying and selling broadcast stations
It’s hard to get a deal done these days – and of course the primary difficulty is making the money work. But the legal part is important too
Nine Deadly Deal-Making Sins (Part 1)
The lawyers who wrote Profitably Buying and Selling Broadcast Stations are experts at the technical aspects of buying and selling broadcast stations. But over time they’ve also become experts
Border spins out of Waco
Border Media Partners is trimming its portfolio prior to going into a trust, and has announced its second station sale this week, both in...
Austin AM getting new owner
Border Media Partners is spinning one of its many Texas stations. Spanish-formatted KFON-AM is going to REO Radio Group LLC, as the rest of...
Texas TVs fetched more than met the eye
The sale of KNWS-TV and KLDT-TV in Houston and Dallas came home with a much higher price tag than that listed in the contract...
Texas TVs sold out of bankruptcy
Acting as Limited Purpose Fiduciary, Kalil & Co.’s Frank Higney found a buyer for television stations serving the top two Texas markets. The buyer...
Transactions: 1-04-10
$1.85M WLTC-FM Columbus GA (Cusseta GA) from River City Broadcasting LLC (H. Lynn Page, James R. Martin) to PMB Broadcasting Inc. (H. Lynn Page,...
Transactions: 12-29-09
$200K WFGL-AM Fitchburg MA and WJWT-FM Gardner MA from Calvary Chapel of Costa Mesa Inc. (Charles W. Smith) to Horizon Christian Fellowship (George Small,...