FCC Filings; Partners Exit Three Rivers, Two Silent STA Extension Requests
May 28, 2010 at 4:30 AM (PT)
PAUL and ELIZABETH COATES are transferring their 50% interest in THREE RIVERS COMMUNICATIONS, LLC, licensee of Hot AC KBMV (107.1 THE POINT)/BIRCH TREE, MO and Country KHOM/SALEM, AR, to partner FRED WHITE. WHITE, the KANSAS CITY ROYALS' Director-Broadcast Services and ROYALS alumni and former radio voice, will receive the COATES' shares, $220,000 repayment of earnest money, taxes, and other fees, and $382,372.99 in cash or a new promissory note to cure company defaults on existing promissory notes. PAUL COATES will also pay back $8,813.88 withdrawn from the company as a promissory note to WHITE, and an additional $137,561 of withdrawals will be treated as salary. The COATES will be indemnified from liability connected to the ownership or operation of the stations.
In another FCC filing, MEDIA EAST, LLC has applied for an extension of its silent STA to keep WSTK/AURORA, NC off the air. The station went dark on AUGUST 1st, 2009 due to a lightning strike; the station's construction permit for a new site expired on MAY 22nd and restoration of service was delayed due to the engineer's illness.
And IDAHO WIRELESS CORPORATION has asked to extend its silent STA for FM translator K294BP/IDAHO FALLS, ID. The licensee told the FCC it needs to replace the transmitter and will do so before SEPTEMBER 4th "one way or another."
MORE ABOUT: licensee | fcc | sta | llc | august | app | money | kbmv | may | september | radio | the point | bp/idaho falls | paul coates | elizabeth coates | kansas city royals | idaho wireless corporation | wstk/aurora | media east | birch tree | three rivers communications | fred white | khom/salem | country | tax | cell phones | ipad