Maine's classical music radio network has been sold
Sat Dec 13 01:41:50 EST 2003
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
>> 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
> "stubbornness". ;-)
> He would fight the FCC taking away the license...he would refuse to
> 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
>> What about the mandate placed on Ted Jones' estate that WCRB must
>> classical until 2096 or somewhere around there?
> If I am correct..and I could be wrong. Jone's ownership went into a
> 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
> water mark for a period of time...the remaining owners can change the
> station's format.
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