Transactions: 9-04-09


$2M KWWF-DT Cedar Rapids-Warterloo-Dubuque IA (Waterloo IA) from VB Waterloo LLC, a subsidiary of Valley Bank (Larry Henson) to Waterloo TV Licenses LLC (Paul Libovitz, David McAnally). Beyond $2M, buyer also needs to pay amount of DIP financing in bankruptcy proceeding and reasonable seller attorney costs. Promissory note. LMA 5/18/09. Seller bought station in the Equity Media Holdings auction 7/21/09 for $1.6M. [FCC file date 8/14/09]