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Our LPFM has been off-air for 6+ months and we're behind on tower rental invoices. What should we do???
- Thread starter LPFM Newbie
- Start date
True, yet enough queries in this thread that the OP now has a better understanding of just how
Lawyer, engineer...and, maybe, a broker, at this stage of the game.
Brokers don't do LPFMs because they can't be sold. The rules allow an LPFM license to be transferred to another nonprofit entity, but only as a donation.
You are allowed to sell the equipment associated with the station, of course, but it sounds like there isn't much in this case.
Cold Coffee
Banned
File the STA now and the Audio Division of the FCC may request to see all business records for the past few years. This can get much worse. Fines can run in the thousands of dollars.
Successful LPFM's must have people involved who understand engineering, FCC Rules, making money, and stretching a buck onboard.
Many of these successful LPFM's are operated by people who are now retired from other radio stations.
I always owned my towers no matter what station I built.
Successful LPFM's must have people involved who understand engineering, FCC Rules, making money, and stretching a buck onboard.
Many of these successful LPFM's are operated by people who are now retired from other radio stations.
I always owned my towers no matter what station I built.
LPFM stations can be "sold", but the license itself has no value. Consideration in assignment applications is limited to reasonable and prudent expenses, such as "expenses reasonably incurred by the assignor or transferor in obtaining and constructing the station (e.g., expenses in preparing an application, in obtaining and installing broadcast equipment to be assigned or transferred, etc.). Costs incurred in operating the station are not recoverable (e.g. rent, salaries, utilities, music licensing fees, etc.)". See §73.865(a)(1).
In other words, if you paid $5000 for a transmitter and that transmitter is included in the deal, then you can recover that $5000. However, if the transmitter was donated, you cannot claim it.
In other words, if you paid $5000 for a transmitter and that transmitter is included in the deal, then you can recover that $5000. However, if the transmitter was donated, you cannot claim it.
Cold Coffee
Banned
For broadcast stations other than LPFM, you can sell a construction permit for a huge profit. But in no case whether commercial or noncommercial can you attach a dollar amount to a bare license even though it's the license that holds the station's worth. That's because it's a public resource and a licensee is only a trustee of that public resource.
I've read that loans to an LPFM can be recovered in the transfer.
I've read that loans to an LPFM can be recovered in the transfer.
You mean the loan would be called when the transfer happens?
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