A $50,000 "contribution" and a consent decree seal the deal for the transfer from the University Of San Francisco to the Classical Public Radio Network (90% owned by KUSC).
The two violations that caused the delay and cost the parties the extra $ beyond the $3.75 million sale were:
1. monthly payments for program time which exceeded the payments allowed to a non-commercial station and
2. the parties' unintentionally false certifications that the transaction complied with the Commission's rules and policies.
Full story: http://www.radio-info.com/news/a-50...-and-consent-decree-settle-the-sale-of-kusf-s
The two violations that caused the delay and cost the parties the extra $ beyond the $3.75 million sale were:
1. monthly payments for program time which exceeded the payments allowed to a non-commercial station and
2. the parties' unintentionally false certifications that the transaction complied with the Commission's rules and policies.
Full story: http://www.radio-info.com/news/a-50...-and-consent-decree-settle-the-sale-of-kusf-s