WRCR 1700/WABC ownership correxion.
I am obliged to correct one aspect of my earlier message.
Alexander and Red Apple signed an Asset Purchase Agreement (in January 2025 but its actual date was left blank!) in which Alexander agreed to sell WRCR to Red Apple. On 24th April, the agreement was amended confirming the agreement date as 24th April. The amendment listed a number of repairs that Alexander had to undertake conditional to the sale. On the same date, Alexander and Red Apple entered into a Local Programming and Marketing Agreement which sees Red Apple’s 77 WABC programming being heard on 1700 WRCR. This is what led to the change to WABC programming being heard in early May.
Yesterday, an Assignment of Authorisation was submitted to the FCC. Legally FCC must approve the assignment of a station’s licence from one licensee to another. Part of the Asset Purchase Agreement is that the licence be transferred to the buyer. Until this has been done, the station is still owned by Alexander Broadcasting.
I therefore correct my earlier message – WRCR has not yet been sold, so Red Apple Media have not yet “bought” WRCR. It is, for the time being, still owned by Alexander Broadcasting Inc.
Andrew Brade to WOR iog (2025-05-27)