Price For James Crystal Radio Stations In Bankruptcy Sale: $5.5 Million
April 10, 2015 at 4:03 PM (PT)
The licenses of News-Talk WFTL-A/WEST PALM BEACH, Sports WMEN-A/ROYAL PALM BEACH, FL, Brazilian Religion WFLL-A (NOSSA RADIO 1400)/FORT LAUDERDALE, and Religion/Brokered KBXD-A/DALLAS have been sold by JCE LICENSES, L.L.C./JAMES CRYSTAL LICENSES, LLC to broker MARK JORGENSON's ACM JCE IV B LLC in the bankruptcy auction of JAMES CRYSTAL RADIO assets for $5.5 million. Creditor ATALYA SPECIAL OPPORTUNITIES FUND IV LP and ATALYA SPECIAL OPPORTUNITIES FUND (CAYMAN) triggered the auction, held on MARCH 3rd.
In other filings with the FCC, LANCASTER BROADCASTERS, INC. is trying to assign Gospel WKYY-A/LANCASTER, KY to DAVID L. GREENLEE, the administrator of the estate of GARY L. RENFRO. The station's license was canceled in 2012 due to failure to file a license renewal application, but the FCC has put the deletion on temporary hold after being informed that RENFRO, the 51% owner of the licensee, died "some time ago" and that 49% owner LEJUNE CANTWELL had been unable to obtain documentary confirmation; a renewal application and 2013 Ownership Report were filed late. The Commission on MARCH 4th gave the licensee 30 days to file a form 316 addressing RENFRO's death (apparently in NOVEMBER 2007) and a letter addressing CANTWELL's health issues and explanation of who is running the station.
And JOHN BARGER's SAN ANTONIO RADIOWORKS, LLC has closed on the sale of Classic Country KMFR-A (NO BULL RADIO)/PEARSALL, TX to DAVID MARTIN PHILLIP and MARGUERITE PHILLIP's ENDURING OIL EXPLORATION, LLC for $9,000. The buyer has been programming the station as part of its network of stations in the EAGLE FORD SHALE area under an agreement since MAY 2014.
The Commission also allocated new FM Class A frequencies to SHELTER ISLAND and SAGAPONACK, NY (EAST END of LONG ISLAND, in the HAMPTONS/RIVERHEAD area of SUFFLOK COUNTY). RED WOLF BROADCASTING CORP. requested both allocations.
Low power FM construction permits were granted to:
- THIRD COAST ACTIVIST RESOURCE CENTER, AUSTIN, TX
- AMERICAN NETWORK MEDIA INC., FORT LAUDERDALE, FL
- POSITIVE BROADCASTING COMPANY, SUGAR LAND, TX
- ST. THERESE CATHOLIC CHURCH, CANTON, TX