[BC] WLQV (WAS: Most powerful AM...)

[PeterH5322@aol.com]

In a message dated 11/15/05 9:18:58 AM, WFIFeng at aol.com writes:


> >?? I think I heard that WLQV is still on an "STA".
> 
> According to the FCC, the license to cover was granted just recently. (Oct)
> Also, just days ago, Salem got the approval and now owns it.
> 
By an IRC 1031 "like kind" asset exchange (nontaxable to the parties), and 
additional cash consideration of $6,000,000 to WLQV's owner, Salem's Caron 
subsidiary gets WLQV, and WLQV's owner gets certain Caron stations in another 
state.