[BC] LMAs - How Far Can They Go?

[Steve]

Thanks for the links Harold. I hope those in this group who might be able to answer my question will jump in. At this juncture it's  information that's very important not only for me but my group. At this point I believe the licensee has given away too much authority to the holders of the LMA. There are some other problems as well but I can get into those details once I get somewhat of a handle on the main question.

Steve
Steve Walker Productions

My original question is below.

  >   Quick summary:
  >
  > I moved out of the bigger markets and moved to my country property in
  > lower Alabama. I was tired of the big cities. I've done them most all of
  > my life. Onward. I'm working for a small station currently operating
  > under an LMA. Two local businessmen want to buy the station and give me
  > a nice percentage. (sweat equity) They happen to like the format I'm
  > developing, the on-air work I do and my work ethic, experience in the
  > biz, etc. What I want (need is the better word) to know is how much
  > control can the holder of an LMA have in terms the of day-to-day
  > operations of the station? The answer I need is from the FCC
  > perspective, obviously. I will probably have to go off-list should you
  > need specifics. Can you help me out here?
  >
  >   Thanks!
  >
  >   Steve
  >   Steve Walker Productions


  Sounds like a question for an attorney, which I am not. I have no
  experience with LMA and leased time. 
  Probably everyone on the list has more experience in this area than I and
  should contribute.

  Harold