Tuesday, August 31, 2010

Correction: Big League Broadcasing

Correction: BLB never actually owned 790 AM, it was operated under a LMA agreement with Lincoln Financial. The deal was only to aquire intellectual property of the Zone, so there will be no FCC filing.

Also, the PD put the sale price for 590 at $1.4 Million. The way that the Asset Purchase Agreement was written with the FCC, it was hard to tell what the price paid was, as it was on a sliding scale depending upon when the option was exercised by Grand Slam.