[BC] New PSRA/PSSA nightmare!!

[Robert Meuser]

Rich

 From what I can see, the price is $40,000,000. It is an asset sale 
according to the application.  Time are tough at the Times these days.

R


Rich Wood wrote:

> ------ At 10:23 AM 3/2/2007, Robert Meuser wrote: -------
>
>> You are in fact almost correct. The buyer is Radio Disney. Remember 
>> the ABC stations were recently sold. The application is dated Jan 
>> 29th 2007 and is not yet granted. I still don't see Radio Disney 
>> signing off on interference for nothing is return. It compromises 
>> their pattern in all directions and sets a precedent. Slowly as other 
>> stations take advantage of that precedent, the RSS just creeps up and 
>> up and up.
>
>
> The original LMA gave Disney the right to buy WQEW at, I believe, $85 
> million. I doubt Citadel can void it. With the ABC/Citadel agreement 
> in dispute I don't think this would be a good time to introduce this. 
> Their lawyers are dealing with much bigger fish. Letting ABC alter the 
> LMA by allowing interference could prompt Disney to want to reopen 
> their agreement citing a reduction in value due to increased 
> interference. I'm not sure if Citadel would see the addition of WQEW 
> as a good or bad thing. After all, it is a 50Kw signal in market #1. 
> Not the best, but not as bad as some of the new 50's being authorized 
> elsewhere.
>
> I used to work for ABC, too, and remember the 11 floors of attorneys 
> at headquarters.
>
> Rich
>
> Rich Wood
> Rich Wood Multimedia
> Phone: 413-454-3258
>
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