Maine's classical music radio network has been sold
Sat Dec 13 01:15:26 EST 2003
> I thought Simon Geller was selling merely because he couldn't afford to
> battle the FCC anymore. (Well, I understand health concerns were also
> involved in the mix.)
I think health issues won out.
> It doesn't sound like he was dealing from a
> position of strength...
He never dealt from a position of strength...I would call it a position of
He would fight the FCC taking away the license...he would refuse to even
TALK to anyone who wanted to buy it.
> therefore I doubt he really would have had the
> foresight to put such a clause in the sale agreement.
Oh he definitely had the foresight....that why he sold it to who he
did...and that's who bought it, bought it...a company that DOES classical
> What about the mandate placed on Ted Jones' estate that WCRB must remain
> classical until 2096 or somewhere around there?
If I am correct..and I could be wrong. Jone's ownership went into a trust.
And the trsut still owns it. And the trsut follows the wishes laid forth by
it's creator...Jones! I believe there is an "out". If they go below the
water mark for a period of time...the remaining owners can change the
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