NC Station Goes Back To Seller After Note Default
August 10, 2012 at 4:02 AM (PT)
After defaulting on a seller note, PRIETO BROADCASTING, INC. is transferring Regional Mexican WETC-A (LA REGIA 540)/WENDELL-ZEBULON, NC back to former owner MARTA O. SANCHEZ's SANCHEZ BROADCASTING CORPORATION for cancellation of the $1.4 million debt owed to SANCHEZ'z CAROLINA REGIONAL BROADCASTING CORP.
In other filings with the FCC, TRC ENTERPRISES, LLC is transferring Silent KCWH/WEED, CA and FM translators K269AT/GRENADA, CA and K257CA/MOUNT SHASTA, CA to MARK and CYNTHIA BAIRD's BUFFALO BROADCASTING, LLC for assumption of a $295,000 note owed by the seller to JAMISON-WOLF ENTERPRISES, paid in a promissory note at 5%.
U.S. OPEN JUNIOR DRUM AND BUGLE CORP COMMUNICATIONS has applied for a Silent STA for low power FM WDCM-LP/MARION, OH while it repairs storm damage.
And TIM BROWN has closed on the transfer of a 51% controlling interest in RADIUS MEDIA HOLDINGS LLC, parent of COLORADO radio groups NRC BROADCASTING MOUNTAIN GROUP, LLC and WILDCAT COMMUNICATIONS, LLC, to lender ANSCHUTZ CORPORATION in a debt-for-equity swap. BROWN retains 49% of the company. The stations include Triple A KFMU-F/OAK CREEK, CO; Adult Hits KIDN-F (THE MOUNTAIN)/BURNS, CO; Adult Hits KKCH (JACK FM)/GLENWOOD SPRINGS, CO; Talk KNFO/BASALT, CO; Triple A KSPN-F/ASPEN, CO; Country KRKY-A/GRANBY, CO; Top 40 KIFT (LIFT 106)/KREMMLING, CO; Classic Rock KQZR (Z-ROCK)/HAYDEN, CO; Triple A KSMT (THE MOUNTAIN)/BRECKENRIDGE, CO; Country KSKE-F/EAGLE, CO; Spanish Hits KTUN/NEW CASTLE, CO; Spanish Variety KQSE (NUEVO MIX)/GYPSUM, CO; and FM translators K222AJ/VAIL, CO; K224CE/CANYON VALLEY, CO; K237BH/ASPEN, CO; K237BL and K281AM/VAIL, CO; K237CB/EAGLE, CO; K238AB/STEAMBOAT SPRINGS, CO; K256BM and K274AG/DILLON, CO; K270AL/GRANBY, CO; and K288BQ/STEAMBOAT SPRINGS, CO.