Home |
Search |
Today's Posts |
#1
|
|||
|
|||
[RadioInsight] Ed Stolz Avoids Jail; Makes Last Ditch Attempt To Retain Stations
RadioInsight /////////////////////////////////////////// Ed Stolz Avoids Jail; Makes Last Ditch Attempt To Retain Stations Posted: 23 Sep 2020 11:50 AM PDT https://radioinsight.com/headlines/1...right-holders/ The saga around Ed Stolz and the court ordered receivership of his Golden State Broadcasting CHR Rev 92.7 KREV Alameda/San Francisco, Major Market Radio LLCs 97.7 KRCK-FM Mecca/Palm Springs, and Silver State Broadcastings 104.3 Now KFRH North Las Vegas continues to play out like a soap opera. Stolz avoided being jailed by turning over the stations and the required deeds, leases, and contracts to receiver Larry Patrick on September 10 ahead of the deadline on the 11th. However, Stolz is also seeking to have the stations taken out of receivership and given back to him by offering to pay the $1.3 million owed to ASCAP and the other music companies that brought the legal action against Stolz that led to the stations being placed in receivership. California U.S. District Judge Jesus G. Bernal has granted receiver/broker Larry Patrick permission to accept an all-cash offer made for the stations and to work expeditiously with an aim to close the transaction before the close of the calendar year. Despite that offer, Stolz is arguing that if he paid the money owed, the stations should be returned to him. Both Patrick and the music companies have argued against Stolz latest gambit. The receivership attorneys stated that Stolzs willingness to now pay goes against previous filings stating he did not have the money to pay back the money owed. The ASCAP led consortium believed the new filing was a ploy to interfere in the conclusion of the case and ask the court to demand explanation for his previous false claims of compliance in order to avoid further jailings for contempt of court. Update 9/4: California U.S. District Judge Jesus G. Bernal has found Ed Stolz in contempt of court and ordered him to be jailed for failing to comply with the court ordered receivership of Golden State Broadcasting CHR Rev 92.7 KREV Alameda/San Francisco, Major Market Radio LLCs 97.7 KRCK-FM Mecca/Palm Springs, and Silver State Broadcastings 104.3 Now KFRH North Las Vegas. Stolz has until Friday, September 11 to turn himself in or face a bench warrant for his arrest. To be freed from jailing, Stolz must turn over all deeds, leases, and any contracts governing office, studio or transmitter towers connected to the operating of the station and supply receiver Larry Patrick with programming and advertising contracts, bank statements from the past three months, recent station payroll records, and any keys he may have to any of the stations and their facilities. He must also pay a $5000 penalty to cover additional expenses incurred by Patrick. Original Report 7/12: The three FM stations owned by companies controlled by Ed Stolzs Royce International Broadcasting are being transferred into a court ordered receivership controlled by broker Larry Patrick after a lawsuit brought on by ASCAP and sixteen other music copyright holders. The stations involved in the transfer are Golden State Broadcasting CHR Rev 92.7 KREV Alameda/San Francisco, Major Market Radio LLCs 97.7 KRCK-FM Mecca/Palm Springs, and Silver State Broadcastings 104.3 Now KFRH North Las Vegas. California U.S. District Judge Jesus G. Bernal ordered the appointment of Patrick as receiver on July 6 authorizing him to solicit offers to sell the stations and manage the licenses in the interim. Patrick will receive a commission of five percent on the first $3.0 million and two percent on the consideration paid above that threshold. Bernal had awarded ASCAP and its members $900,000 in attorneys fees and costs and $330,000 in statutory damages in July 2018 for failing to pay ASCAP licensing fees for several years. A separate court ruling that month by New York U.S. District Judge Denise Cote rejected Royces application for ASCAP licenses under a previous Consent Decree stating they were not entitled to licenses until they paid ASCAP over $319,000 in back fees claiming that they were trying to use the consent decree as a loophole to avoid Bernals injunction preventing the stations from playing ASCAP members music. ASCAP had terminate the licenses for the stations in August 2012 with the lawsuit noting that they previously sued Stolz for similar infractions when he owned 106.5 KWOD Sacramento. The companies represented by ASCAP in the court cases include WB Music Corp., But Father, I Just Want to Sing Music, Hunterboro Music, Universal Polygram International Publishing, Inc., Sony/ATV Tunes LLC, Obverse Creation Music, Nice Hair Publishing, Party Rock Music, Yeah Baby Music, ESKAYWHY Publishing, Uh Oh Entertainment, Divine Mill Music, Fingaz Goal Music, EMI April Music Inc., Hi Mom I Did It, Chebra Music, and Universal Music Corp. Patricks release notes that the companies debts now exceed $2 million. Stolz will retain Conservative Talk 790 KBET/104.7 K284CW Winchester/Las Vegas and KRCK-FMs two translators in Palm Springs: 95.5 K238AK Palm Desert and 98.1 Talk Now K251BX Palm Desert. Those stations were not included in the lawsuit. /////////////////////////////////////////// Joy Worship Debuts In West Michigan Posted: 23 Sep 2020 08:42 AM PDT https://radioinsight.com/headlines/1...west-michigan/ Lanser Broadcasting flipped Christian Preaching The Pledge 1260 WPNW Zeeland MI to Contemporary Worship Joy Worship 96.5/98.9 on August 31. The station is now emphasizing the signals of its two translators 96.5 W243BD and 98.9 W255DI Zeeland in its branding. The new format is meant to compliment co-owned Christian AC Joy 99.3 WJQK Zeeland/Grand Rapids. View this post on Instagram Were so excited to introduce you to JoyWorship!! JoyWorship is a sister station to @joy99.3! Just like the words Worship and Joy just go together, Joy99 and now JoyWorship (96.5FM & 98.9FM) complement each other. Need a little encouragement? Joy99. Want to spend some time in worship? JoyWorship. Listen online by clicking the link in our profile! A post shared by Joy Worship (@joyworshiptoday) on Aug 31, 2020 at 5:30am PDT /////////////////////////////////////////// Hot 101.7 Debuts In Panama City Posted: 23 Sep 2020 04:30 AM PDT https://radioinsight.com/headlines/1...n-panama-city/ Gold Standard Broadcasting has begun operating Laurie Broadcastings 1430 WLTG/101.7 W269DR Panama City FL via and has flipped the station from Conservative Talk to Rhythmic CHR Hot 101.7. The move resurrects the Hot brand that was utilized by Powell Broadcastings WPFM Panama City until its 2018 sale to Educational Media Foundation. The new Hot 101.7 is more Rhythmic leaning than WPFM was in its last days and is positioned as Panama Citys Party Station. WLTG has added the syndicated DeDe In The Morning for mornings and Tino Cochino Radio in evenings. As part of the Time Brokerage Agreement, Laurie Broadcasting will receive 50 percent of the net income after 30% of the gross and $50 in production charges if applicable. Gold Standard Broadcasting also operates Horizon Broadcasting Sports ESPN 104.3 WGSX Lynn Haven/Panama City. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
[QRZ] Should I retain the patina? | Boatanchors | |||
[KB6NU] ARRL asks FCC to allocate new 5-MHz band, retain channels and current power limit | Dx | |||
So Woger called NR Jail and asked "Is Roger Wiseman in your jail?" | Policy | |||
So Woger called NR Jail and asked "Is Roger Wiseman in your jail?" | General | |||
Markie avoids the question again! | Shortwave |