It’s official: A citizen of the United Kingdom and his Polish wife living in the U.S. since 2015 on E-2 investor visas have been given the green light from the FCC to become the new owners of a radio station left for dead by its financially strapped seller.
New York-based Border Media on Tuesday announced that it has received approval from the Commission of its foreign ownership petition.
It follows a pleading cycle established by the Commission on March 6 , which concluded in April. Fronting Border Media are Ricki Lee and his wife Hanna Maria Kaleta, a weight loss coach. As Lee and Kaleta are not U.S. citizens, a Petition for Declaratory Ruling was filed with the FCC Media Bureau requesting that permission be granted for 100% indirect ownership through Border Media of WRGR-FM 105.1 in Tupper Lake, N.Y., from Ted Morgan‘s Radio Lake Placid.
On February 12, RBR+TVBR was first to report on the company’s desire to acquire WRGR, a station “red-lighted,” as regulatory fees owed by Morgan‘s now-defunct Radio Lake Placid were not paid. The past due regulatory fees will be paid prior to closing, expected no later than Friday (8/31).
“We are beyond excited and would like to take this opportunity to thank the communities of Tupper Lake and Saranac Lake for their growing support and also the FCC for approving our petition,” Lee said. “Our efforts now turn to building the transmission site and attempting to get the radio station back on the air before winter.”
Jason James of Patrick Communications represented Morgan as the exclusive broker in this transaction.