Maine's classical music radio network has been sold

[Kevin Vahey]

Don't forget the FCC hurt the resale value of Geller's station when they 
allowed WRBB to use 104.9


On Sat, 13 Dec 2003 1:27am, Joseph Pappalardo wrote:
>
>>  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
> "stubbornness".  ;-)
>
> 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
> music.
>
>>  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
> station's format.