Paperwork Shuffle For Deals At FCC
January 29, 2010 at 4:46 AM (PT)
With its reorganization plan awaiting court approval, NEXTMEDIA has filed the paperwork to move its stations back from debtor-in-possession status to full ownership by NM LICENSING LLC. NEXTMEDIA tells the FCC that it will amend the application once the court approves the reorganization plan.
The application asks for waivers to maintain grandfathered clusters over the ownership cap in the CHICAGO and GREENVILLE-NEW BERN-JACKSONVILLE, NC markets. The waiver application contends that three of its stations near CHICAGO, WZSR, WWYW, and WRXQ, do not compete in the CHICAGO market, and that WSSM does not compete in the GREENVILLE-NEW BERN market; it also asks that, alternatively, the Commission should determine ownership concentration using contour measurements.
The formal paperwork for the previously-announced sale by RADIO DISNEY's WHKT-A/PORTSMOUTH-NORFOLK, VA to CHESAPEAKE-PORTSMOUTH BROADCASTING for $350,000 adds Religion WRJR-A/PORTSMOUTH to the deal. Both stations were among those taken silent by RADIO DISNEY pending sale.
And NORTHEAST GOSPEL BROADCASTING INC. is selling FM translator W292CN/HERKIMER, NY to ROSER COMMUNICATIONS NETWORK, INC. for $30,000.