w00t said:
The ECU sports broadcasts are not Henry's to move. Those rights belong to Beasley Broadcast Group for the next 4 years. Henry reaps this as a side benefit of LMA'ing WNCT-AM from Beasley. If Henry severs his ties to BBGI, he loses ECU sports. I don't think he wants to do that again.
I do believe that the ECU broadcast rights would be granted to the station and even though Beasley owns the station, the LMA would put the rights under the control of whomever controls the station. Most rights deals have a clause that says any significant change in the facility gives the grantor the right to change the deal.
Bottom line, the ECU rights belong to the station and if a station is sold or LMAd, the rights go with it as an asset.