$// Big Pine B/c'g (KEEP(FM)), Bandera TX, MO&O, FCC 95-38 //$ $/ 1.115 Application for Review, Denied /$ $/ 73.3597 Procedures on Transfer & Assignment Applications /$ BEFORE THE FEDERAL COMMUNICATIONS COMMISSION FCC 95-38 WASHINGTON, D.C. 20554 In re Applications of ) ) BIG PINE BROADCASTING, INC. ) (Assignor) ) ) and ) File No. BALH-911030GS ) JAMES G. WITHERS ) (Assignee) ) ) For Assignment of License of ) Station KEEP(FM) (formerly KHLC(FM)) ) Bandera, Texas ) ) RADIO MEDINA, INC. ) (Assignor) ) ) File Nos. BAL-920115EB and ) BAPH-920115EC ) JAMES G. WITHERS ) (Assignee) ) ) For Assignment of License/Permit of ) Stations KRME(AM)/KRBH(FM) ) Hondo, Texas ) MEMORANDUM OPINION AND ORDER Adopted: January 30, 1995; Released:February 13, 1995 By the Commission: 1. The Commission has under consideration an "Application for Review" filed on September 23, 1993 by Reding Broadcasting Company ("Reding"). Reding requests review of actions by the Chief, Audio Services Division by letters dated August 24 and November 1, 1993. Those decisions denied Reding's informal objection and granted the above-captioned applications for the assignment of license of Station KEEP(FM) (formerly KHLC(FM)), Bandera, Texas from Big Pine Broadcasting, Inc. ("Big Pine") to James G. Withers ("Withers") and for the assignment of license and permit of Stations KRME(AM) and KRBH(FM), Hondo, Texas from Radio Medina, Inc. ("Radio Medina") to Withers. 2. In its informal objection, Reding argued that the KHLC assignment application proposed to convey a "bare license" to Withers, that Withers is not financially qualified, and that Withers held an undisclosed 49% ownership interest in Radio Medina. In the August 24, 1993 letter, the Chief, Audio Services Division thoroughly considered these contentions and found them to be without merit. Reding's application for review repeats its arguments and we concur that they are without merit. 3. To the extent that Reding's application for review raises new arguments, it must be rejected on procedural grounds. See 47 C.F.R.  1.115(c) ("No application for review will be granted if it relies on questions of fact or law upon which the designated authority has been afforded no opportunity to pass."). In any event, the new allegations are highly speculative and bear insufficient support to raise a substantial and material question of fact warranting further inquiry. Specifically, Reding argues that Radio Medina "will remain a real party in interest" in KRME-KRBH based on the fact that Withers is paying much of the purchase price over time. The deferred payment plan, however, is a legitimate business arrangement between the buyer and seller, and does not, standing alone, indicate that the seller is retaining any ownership interest in or control over the stations. Reding also alleges that the KRBH construction permit "is being sold for a profit." However, the section of the original asset purchase agreement concerning contingent future payments -- relied upon by Reding to show that the current value of the FM permit to the parties is in excess of the $10,000 stated purchase price -- was deleted by the parties on March 9, 1993. 4. ACCORDINGLY, IT IS ORDERED, That, pursuant to Section 1.115(g) of the Commission's Rules, the "Application for Review" filed on September 23, 1993 by Reding Broadcasting Company IS DENIED. FEDERAL COMMUNICATIONS COMMISSION William F. Caton Acting Secretary