If you are the selected purchaser or lessee for one of these remaining few FM Translators,  then CONGRATULATIONS!  

Here’s what will happen next:

  • You will receive a confirmation email that you have been selected as a purchaser/lessee.
  • You will receive the standard Asset Purchase Agreement (APA) emailed within 24 hours of confirmation (usually the same day) which will include specific FM Translator and buyer information.
  • You are required to sign, scan and email a copy of this APA back to us as soon as practical (the same day will help a lot) but in any case within 24 hours.
  • We will countersign and email back to you normally the same day but in any case within 24 hours.
  • You are required to wire a purchase deposit of $8,250 (less any bid deposit credit as applicable) within two business days as specified in the APA. Here are the wiring instructions:

 

Wire Instructions for First Ventures Capital Partners, Inc.:

Tolleson Private Bank

5500 Preston Rd. #250

Dallas, TX 75205

Tel: 214-252-3033

ABA 111024645

First Ventures Capital Partners. Inc.

Bank Account # 40007585

 

Wire Instructions for Edgewater Broadcasting, Inc. (NOT APPLICABLE FOR THESE SALES/LEASES)

KeyBank

103 Main Ave. E

Twin Falls, ID 83301

Tel: 208-734-6000

ABA 124101555

Edgewater Broadcasting, Inc.

Bank Account # 123091009936

 

  • Upon receipt of the deposit the purchase process can move forward. We are responsible for filing the FCC Assignment of License Application as specified in the Asset Purchase Agreement.
  • FCC approval of the assignment of license has typically been taking 60-90 days. Upon approval, you are required to wire the balance due but in any case within 10 days of FCC approval as specified in the Asset Purchase Agreement. Closing will be immediately after receipt of the balance of funds due.
  • We will prepare and file notification of the closing to the FCC as specified in the Asset Purchase Agreement.