The situation with KMRI 1550 in the Salt Lake City market is quite sad. It used to be owned by Alpha, then they went bankrupt and AASAA got it. Barry Wood loaned Nicolas Vicente from AASAA the money to buy it. He defaulted on the loan and Barry Wood moved to foreclose on the station.
Unfortunately, the earth shook on 3/18/20 and the tower was knocked down. The station has been silent ever since.
A receiver, Jacob Hibbard, was assigned by the court, to assist with running the station while it’s in bankruptcy. Vicente ignored communication with Hibbard and made it hard for the receiver to do his job. The station was then sold at auction to Barry Wood.
A certain broker tried to seize control of KMRI back, but eventually was unsuccessful. He fought hard against the sale to Wood. Eventually, the bankruptcy was dismissed and control was given to Barry Wood.
The station was silent the whole time that the receiver Hibbard was in control, because he didn’t have the funds to rebuild the tower. The bankruptcy process dragged on in court, and while that was going on, no one wanted to spend the money to rebuild the station. It supposedly ran for one day a year on a long wire to save the license.
The FCC is punishing the new owner Barry Wood by only giving it a 1 year renewal, even though it isn’t his fault that the previous owner and the broker were fighting for control.
The silent STA is a very interesting read https://enterpriseefiling.fcc.gov/dataentry/api/download/attachment/25076ff38638916f01864e9eac7d0307
Unfortunately, the earth shook on 3/18/20 and the tower was knocked down. The station has been silent ever since.
A receiver, Jacob Hibbard, was assigned by the court, to assist with running the station while it’s in bankruptcy. Vicente ignored communication with Hibbard and made it hard for the receiver to do his job. The station was then sold at auction to Barry Wood.
A certain broker tried to seize control of KMRI back, but eventually was unsuccessful. He fought hard against the sale to Wood. Eventually, the bankruptcy was dismissed and control was given to Barry Wood.
The station was silent the whole time that the receiver Hibbard was in control, because he didn’t have the funds to rebuild the tower. The bankruptcy process dragged on in court, and while that was going on, no one wanted to spend the money to rebuild the station. It supposedly ran for one day a year on a long wire to save the license.
The FCC is punishing the new owner Barry Wood by only giving it a 1 year renewal, even though it isn’t his fault that the previous owner and the broker were fighting for control.
The silent STA is a very interesting read https://enterpriseefiling.fcc.gov/dataentry/api/download/attachment/25076ff38638916f01864e9eac7d0307