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WKFL Bushnell

kingfish said:
At some point does the FCC get tired of messing with unpaid fines and not on the air and just cancel the license?
Click to expand...
This is a good question for our legal and radio expert, Mark.

Based on what I can remember reading, the station has to be off the air for at least a year before the license can be forfeited and the owner seems to know that and makes sure the station is on the air at least a few days every month....... of course, I'm sure as in all things legal, it may not be that cut and dried.

Mr. Tillery?

drt,
st. petersburg
 
If a station is silent for 12-consecutive months, the FCC will atomatically cancel the license, and in the case of an AM license, the frequency is deleted from the community of license. This is not an FCC rule, but rather a CFR (Code of Federal Regulation) rule mandated by Congress. Additionally, if a licensee intends to take a station silent, an STA (Special Temporary Authorization) application is required to be filed and approved. If a licensee intends to remain silent more than 12-consecutive months, said licensee must file another application within the 12-month period specifying the licensee intends to return the station to the air. The licensee may then take the station silent once again within 24-hours of returning to the air and remain silent for another 12-consecutive months. This is legal and will not cause the licensee to lose said license. However, it may prevent the licensee from renewing said license at license renewal time as the FCC may view the continuous silence as not being in the public interest.

As for fines, I am not aware of any licensee that has willfully refused to pay a fine. However, many licensees will appeal a fine, in which case the fine is not due and payble until such time that an Administrative Law Judge has made a final ruling in favor of the FCC or in favor of the licensee. In some cases the ALJ will rule the fine is justifiable but may reduce the fine amount due to any number of factors including a hardship for the licensee.
 
I was unable to access any record from the new link as well. Apparently there is a block setting on the State of Florida web servers preventing access to any documents via a "cut and paste" web link. In this case, a manual search is necessary entered direct from the myfloridacounty.com home search page as well as the individual county government websites.
 
That is strange - just put the name "talk" in and you will find it though.
 
Well, it appears Mr Cox has caused the biggest stockholder in talknsports to file bankruptcy over talknsports defaulting on a loan for the station from a bank in Illinois.
 
First mortgage holder now has a summary judgment - sale of station has been set for next month. Here is some of the docket listing:

03/07/2011 FINAL DISPOSITION
03/07/2011 FINAL SUMMARY JUDGMENT FOR PLAINTIFF RECORDED IN OR BOOK 2293 PAGES 72
03/07/2011 NOTICE OF SALE SCHEDULED FOR APRIL 27, 2011 AT 11:00 AM AND PUBLISHED

The first mortgage holder is owed well in excess of $150K, so it is unlikely the station will go to anyone else as it is most likely worth far less than that.

Another Bruce Cox train wreck.....any predictions on where this all goes?
 
The crazy thing is, that during all this upheaval with being silent, lawsuits, ect. they applied for and was apparently granted an application to increase this station to 10kw daytime, 4 tower directional! I can only guess that it would be an attempt to increase the value of the license, at least on paper, since no upgrade has actually happened and obviously would not under the current owner or the first mortgage holder assuming he ends up with it.
 
Probably so...but a beautiful site it is. Six acres of prime pasture land just outside of the thriving metropolis of Bushnell, complete with two mile long dirt access road and ratty office trailer.

He will probably gut the place and leave nothing but the tower - he would probably take that too if he could move it for free.

He got the CP quite a while ago - it may have been renewed. He has been talking about the 10K facility for several years - called it a Tampa station and he has asked $850K for it as is. This one may be headed for the scrap heap, and Cox will blame everyone but himself.
 
ok walters said:
Probably so...but a beautiful site it is. Six acres of prime pasture land just outside of the thriving metropolis of Bushnell, complete with two mile long dirt access road and ratty office trailer.

He will probably gut the place and leave nothing but the tower - he would probably take that too if he could move it for free.

He got the CP quite a while ago - it may have been renewed. He has been talking about the 10K facility for several years - called it a Tampa station and he has asked $850K for it as is. This one may be headed for the scrap heap, and Cox will blame everyone but himself.
Click to expand...

This is the SECOND CP he has received for the 10kw facilities. The first one expired.
 
This one will expire as well.....

How would that setup ever work? A daytime only directional setup that would cost a fortune to build and reach very few people doesn't make sense on paper. However, if cows had radios you would have a winner.
 
He rides around looking for new "investors" for his radio "network" that will never be. It appears to have worked well so far.
 
Cox gets a small retirement from the state of Illinois. He worked for the state lottery for a few years. Also, the first mortgage holder got a foreclosure for $159,795.08. I think $2500. per acre would be the max it is worth unless you wanted to show off prize cattle next to the interstate! Cox claims there are 10 acres, but based on the legal description there are only 5 acres. Cox can't tell the truth about ANYTHING!!!!!
 
How does the station from Bushynell get so much air time on these boards?
 
vadar said:
How does the station from Bushynell get so much air time on these boards?
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Some of us are legit entreprenuers looking for opportunities. I have "rescued" more than one radio station that had nothing left but a tower and an empty shack at the bottom, returned it to the air, and sold it for a sizable profit. I have worked as a court appointed receiver. One well known media broker is so annoyed (read jealous) of me that he refers to me as a "bottom feeder"... That's fine with me.

Sometimes there are ways to capitalize on a failed radio station. That's why I'm here. I can't speak for the others.
 
stereolane said:
Sometimes there are ways to capitalize on a failed radio station. That's why I'm here. I can't speak for the others.
Click to expand...

It sounds as though you work much the same as I do. In addition to being a media broker and consultant, I identify growth opportunities and advise clients on how to capitalize on those opportunities. Oftentimes I create opportunities that no one else has ever considered.

One of my greatest success stories involves taking a failing rural FM station that was literally located in a cow pasture with its studio and sales office located in a condemned mobile home at the tower site. The first day I was on the job, the power company paid us a visit with the intent of shutting off the power due to unpaid power invoices. I had to do quick thinking and engage in heavy negotiation to convince the representative from the power company to come back later in the day. He agreed which gave me enough time to go to the main office to negotiate a work-out payment plan with the power company general manager. That meeting resulted in giving me till the end of the week (Friday) to pay the power bill. For the next four days I worked my posterior off making sales calls and collecting advance payment. By Thursday I had enough money to pay the power bill with some money left over. Within 4-months the station was sustaining its operations. Within a year it was profitable. Within 4-years we sold it for an impressive 7-figures based on a $1.4 million annual billing schedule.

The moral of the story is WKFL can be saved as well. It will never be a Tampa radio station nor will it be the flagship station of a national radio network. One needs a major station for that purpose, and it is imperative that any national radio network have a New York City affiliate from the beginning in order to attract the national ads that will support the network.

However, setting aside any major market plans for WKFL, it can be a profitable local station serving Sumter County. It simply takes creative thinking and much hard work to pull it off.
 
Bruce Cox?
His day job?
Vampires only cone out at nighy.
But if i had a guess, from what i saw from the front row,
He would be the "Radio Cousin" of Lou Pearlman, without the charm, money, and steakhouse to get fatter in.
Next Question?
 
WKFL has been sold at a foreclosure sale to the mortgage holder Scott Walker. A second mortgage holder of a note for $265K was apparently left with nothing.

Any predictions on where it goes now? I am thinking a LMA to a Hispanic group will be first....
 
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