Seven months ago, RBR+TVBR reported that the fate of three FM radio stations formerly controlled by Ed Stolz through his Royce International Broadcasting Corp. was seeming sealed. Paperwork had been filed with the FCC signaling the properties’ transfer of control to religious broadcast ministry VCY America, from the court-appointed receiver of the stations.
While many believed Stolz would maneuver to thwart the loss of his FMs, the proposed $6 million has perhaps an unexpected obstacle blocking its ultimate fruition: the FCC’s Media Bureau.
As such, the parties involved in the transaction last week met by video conference with the Media Bureau Chief, and the two key leaders in the Audio Division, pleading the Commission to green-light the deal already. It’s a move the frustrated Federal judge overseeing the court-ordered station deal is urging, too.
Join Larry Patrick, the noted broker who is the court-appointed receiver for the three FMs formerly controlled by Ed Stolz’s Royce International Broadcasting, as he moderates a Forecast 2022 panel discussion on how independent broadcasters are surviving and thriving as station owners.
For more information, click on the Forecast 2022 logo today!
