FCC Fines College Station, Rejects Challenge To Dallas Sale
May 20, 2009 at 11:43 AM (PT)
EMERSON COLLEGE noncommercial WERS/BOSTON has been fined $8,000 by the FCC for public file violations. The fine was reduced from $10,000 due to a history of compliance with the rules.
The Commission also rejected DAVE SCHUM's challenge to the decision granting BERNARD DALLAS LLC's sale of KFCD-A/FARMERVILLE, TX-DALLAS and KHSE-A/WYLIE-DALLAS to PRINCIPLE BROADCASTING NETWORK -- DALLAS, LLC, going so far as to admonish the petitioners for being "frivolous." SCHUM and his nine co-petitioners owned THE WATCH LTD., licensee of the stations before it defaulted on loans held by BERNARD parent D.B. ZWIRN LTD.'s D.B. ZWIRN SPECIAL OPPORTUNITIES FUND, L.P. SCHUM et al. continued to fight the sale through bankrupty auction to BERNARD, and made various allegations about BERNARD, including ownership disclosure and character questions and an assertion that the SEC is investigating ZWIRN for fraud, which the Commission rejected as hearsay from newspaper articles.