[BC] CP Purchase and Expiration Extension
Scott Fybush
scott at fybush.com
Fri Feb 27 16:16:03 CST 2009
Kevin C. Kidd, CSRE/AMD wrote:
> Me thinks that the broker is spewing trash to make a sale.
No, there's some validity to what the broker was telling you - it's now
possible to get an 18-month extension on an about-to-expire CP under
very specific circumstances. The buyer has to be a qualified small
business, and I think (but I am *not* a lawyer) that they can't own any
other broadcast properties. (The buyer can, however, be married to
someone who does...)
Look up WJGK 1200, Highland NY for an example of how it's done.
s
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