How to attach cash to an LPFM transfer
Did you know that not only are LPFM stations required to be noncommercial, on top of that the licenses cannot be sold. But it is possible for some money to change hands when an LPFM license is transferred.
A case in point is the sale of WJJP-LP East Bernstadt KY.
It is being transferred from Appalachian Media Outreach, headed by Joseph Kesler.
The entity receiving the stations is Southeast Kentucky ECO Research. Kesler is also signed off for the receiving entity.
There is no value attached to the license transfer, which legally is going from one non-profit to another for no consideration.
However, Southeast Kentucky ECO Research will pay a small price, Southeast Kentucky ECO Research, to acquire the station’s EAS system, transmitter and tower.
And that is how you can legally attach a price tag to an LPFM transaction.