[BC] CP Purchase and Expiration Extension
    Scott Fybush 
    scott at fybush.com
       
    Fri Feb 27 16:16:03 CST 2009
    
    
  
Kevin C. Kidd, CSRE/AMD wrote:
> Me thinks that the broker is spewing trash to make a sale.
No, there's some validity to what the broker was telling you - it's now 
possible to get an 18-month extension on an about-to-expire CP under 
very specific circumstances. The buyer has to be a qualified small 
business, and I think (but I am *not* a lawyer) that they can't own any 
other broadcast properties. (The buyer can, however, be married to 
someone who does...)
Look up WJGK 1200, Highland NY for an example of how it's done.
s
    
    
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