FCC Fields Several Station Transfers
July 15, 2009 at 5:09 AM (PT)
AURORA MEDIA, LLC is transferring Dance KVBE (94.5 THE VIBE)/MOAPA-LAS VEGAS to LKCM RADIO NEVADA, LP for repayment of loans made by LKCM under an agreement made in 2005. AURORA (52%) and LKCM RADIO GROUP, LP are limited partners and LKCM CAPITAL GROUP is the general partner of the transferee. The transfer falls within the five year period after grant of the station's permit under FCC Auction No. 37, meaning that the deal is subject to the Unjust Enrichment rule and may require a partial repayment of the bidding credit received by AURORA in the original auction.
In other deals filed with the FCC, SOVEREIGN CITY RADIO SERVICES, LLC is transferring the license of Silent WZRK-A/LAKE GENEVA, WI to GS RADIO OF ILLINOIS, LLC, a 50/50 partnership with GRUNDY COUNTY BROADCASTERS, in a deal that enables the station to move closer to CHICAGO and then be sold. WZRK's move requires moving or shutting down GRUNDY's AC-Full Service WCSJ-A/MORRIS, IL, which is also being contributed to the new GS RADIO entity, and the ultimate deal to allow WZRK's move gives GRUNDY an interest in WZRK, which will be resold after the changes are approved by the FCC.
NORTHERN MARIANAS COLLEGE is transferring the licenses for noncommercial NPR affiliate KRNM/SAIPAN, NORTHERN MARIANAS and its translator K206BM/CAPITAL HILL-SAIPAN to MARIANAS EDUCATIONAL MEDIA SERVICES, INC. for no consideration.
MELIA COMMUNICATIONS, INC., licensee of KLOE-A and KKCI/GOODLAND, KS and KWGB/COLBY, KS, is redeeming the 51% stock interest of MARTIN and KATHLEEN MELIA, payable in a promissory note plus a possible $10,000 performance bonus. With the transaction, MONTE and DORIS MILLER will increase their interest in the company to 100%; they are the principals of ROCKING M RADIO, with owns KRDQ and KXXX-A in the GOODLAND-COLBY market.