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Post by CAwasinNJ on Oct 30, 2020 6:42:00 GMT -7
According to Radio Insight, Barry Wood is acquiring KMRI. radioinsight.com/headlines/200588/station-sales-week-of-10-30-seven-mountains-expands-in-olean/The RI statement that this was from a bankruptcy auction doesn't make sense to me. The station was seized when Wood sued AASAA/Vicente for unpaid debt. Can someone who understands legal nonsense translate this for me? In any case he's still owed much more than that, although maybe that went away in the bankruptcy that was filed later? The next obvious question will be now that he has it, what will Wood do with KMRI? He's a communications attorney. lawyers.findlaw.com/profile/view/3430633_1It seems like he's more into helping others make deals than making the deals himself. (He's done escrow work.) I have the feeling another shoe will drop sooner or later. |
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Post by CAwasinNJ on Oct 30, 2020 7:07:32 GMT -7
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Post by amanuensis on Oct 30, 2020 7:56:08 GMT -7
The last sentence of Exhibit 16 seems odd for a regulatory filing.
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Post by redrambler on Nov 9, 2020 20:10:12 GMT -7
Wood settled the lawsuit as Morgan Skinner claimed he had ownership under some <DELETED> "Power of Attorney" document which Vicente was not aware he signed. Skinner's representatives and the family wanted the license to sell but the debt was owed not only for KMRI but also D-KXOL. As soon as the heirs dropped the ball and the court defaulted to Wood - he filed Consummation and the court granted the judgement to Wood. Morgan Skinner <DELETED> by trying to <DELETED> the license in front of a judge he has faced before, and has now next to "ZERO" chance of owning it as Wood plans on rebuilding it, Just not on the same site. As the former site has been deemed "Undesirable" for any further vertical construction. There is a landfill below where the tower formerly stood.
Now you know the rest of the story.
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Post by CAwasinNJ on Nov 10, 2020 5:36:02 GMT -7
Regarding the previous post by redrambler, I went back and forth many times considering what to do about it. There were serious issues with the post but also useful information. In this case I decided to delete the inflammatory statements and leave the rest of the post as-is. I have also clarified the rules to specifically note that such statements are not allowed. I strongly dislike having to take such action but feel it is necessary to protect the civil discourse on this board. Criticism is OK, attacking is not. Please direct further comment to the General Talk board.
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Post by David on Nov 10, 2020 23:15:16 GMT -7
So if Mr. Wood plans on rebuilding KMRI at a new site, that's going to leave KIHU 1010 with a single antenna and tower, correct?
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Post by kenglish on Nov 11, 2020 10:58:18 GMT -7
How can there be a problem with rebuilding the KMRI tower at the current site? Landfill or not, it supported the two towers before. KIHU has to put up a new tower at the same spot to get back to normal, or they will have to move.
Is there a problem beyond the collapsed tower,...building, transmitter, combiner, ground screen, etc?
I thought the earthquake just triggered a failure in a guy wire.
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Post by redrambler on Nov 11, 2020 17:25:23 GMT -7
Well since some are offended by the whole story... and the truth. To answer the above. The site failed a ground core study to build a new tower on the same site as it would have needed base pilings of concrete 75 feet deep, a new ground screen, ATU which was cost prohibitive. The old mast was tested and was badly corroded in many places. Simply, it needed replacement due to lack of maintenance which was on Vicente as part of his lease. It's no wonder it fell.
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Post by redrambler on Nov 13, 2020 10:04:58 GMT -7
Just a correction from earlier... Confirmation has come to light that Wood is going to "Bite the Bullet" and build a Brand New 256 foot mast for KMRI at it's former standing location with deeper footings and at first a long-wire antenna so KIHU can resume Night pattern, and KMRI may resurface on the dial while a whole new mast and plant is built.
Initial inspections were not completed properly by a contracting tower company, and all data was based off of Photos. New Data has detailed with Deeper Footings for the base and guy anchors the new mast will be more secure.
This new mast will include a brand new 3 input Digital Ready Multiplexer rather than a diplexer ATU, and a proper and much more secure building and back-up generator, Lightning dissipation equipment for KMRI/KIHU with KMRI all new "digital ready" transmission plant fed by both Microwave STL and Fiber.
Programming may originate from one of 3 locations... SLC, St. George, or Las Vegas, That has yet to be decided. The format will also change.
The Consulting Engineer will be from the LA area so I am told.
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Post by kenglish on Nov 13, 2020 11:50:49 GMT -7
Thanks for the detailed info. I was wondering how much damage there was, originally. The FCC filings for the two STA's didn't show a lot of the details, either in text or in photos.
Glad to see they are making progress.
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Post by David on Nov 13, 2020 14:36:09 GMT -7
Just a correction from earlier... Confirmation has come to light that Wood is going to "Bite the Bullet" and build a Brand New 256 foot mast for KMRI at it's former standing location with deeper footings and at first a long-wire antenna so KIHU can resume Night pattern, and KMRI may resurface on the dial while a whole new mast and plant is built. Initial inspections were not completed properly by a contracting tower company, and all data was based off of Photos. New Data has detailed with Deeper Footings for the base and guy anchors the new mast will be more secure. This new mast will include a brand new 3 input Digital Ready Multiplexer rather than a diplexer ATU, and a proper and much more secure building and back-up generator, Lightning dissipation equipment for KMRI/KIHU with KMRI all new "digital ready" transmission plant fed by both Microwave STL and Fiber. Programming may originate from one of 3 locations... SLC, St. George, or Las Vegas, That has yet to be decided. The format will also change. The Consulting Engineer will be from the LA area so I am told. Forgive me if I sound skeptical, but what you've described is a HUGE investment for a stand alone AM station in 2020, especially when the ROI might take 10+ years to recover. However, it could take less time for Mr. Wood to recover his investment in KMRI if he can convince the owner of KIHU to help cover the cost of the rebuild. But unless another window to file an application for an FM translator opens in the near future, KMRI is still going to be hampered by being a stand alone AM. As far as the format is concerned, I'm curious as to what Mr. Wood has in mind that isn't already available on the AM band in the Salt Lake City area. Sports, news/talk, Spanish language, and religion are well represented, and KSOP is doing well with classic country on 1370 & 104.3 FM HD2. KLO tried soft AC/nostalgia for awhile, and it wasn't very successful. The only possible formats I can think of that aren't already covered are oldies or classic hits, or possibly a public radio/NPR type format similar to what KCPW/KPCW used to broadcast on 1010. Even a syndicated format off the bird would need to pull an 0.5-1.0 rating to make such a big investment in rebuilding KMRI worthwhile. With the possible exception of major radio markets, AM stations just aren't worth what they were 20 or 30 years ago. |
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Post by CAwasinNJ on Nov 14, 2020 6:13:33 GMT -7
What about K252DI? Isn't that still doing its baffling simulcast of 107.5? If Barry Wood can get the Frandsens interested that would be a game changer.
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Post by redrambler on Nov 14, 2020 8:51:40 GMT -7
David, I may have skipped a few steps here (but that is covered) under NDA) - There are other parties involved other than Wood, and Wood's only personal plan as it is publicly known is to go long-wire, and reduce power for KMRI daytime and Full Night power for both KIHU and KMRI until another site can be built. Once on the air and stable - Then another site will be built and operated by a 3rd party. Wood is not going to sell the license. The 3rd party is paying for the new site and studios. A whole new Corporation will be formed with Wood as a partial owner. But KMRI will return and that's all anyone should care about. I'm Out.  |
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Post by CAwasinNJ on Dec 9, 2020 2:06:37 GMT -7
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Post by David on Dec 10, 2020 0:36:05 GMT -7
Good grief...all this legal drama over an AM license with no tower, no transmitter, and no studio facilities! I'll bet the lawyers are laughing all the way to the bank. Seriously, the KMRI saga is beginning to sound like a repeat of the multiple informal objections filed by an alleged former business partner of Vic Michael's to prevent the power increase for KNIT 1320.
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