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TV: Oxnard company biddingContinued from B1hearing that was scheduled for Jan.25 involving the proposed sale of KDOB to Buck Owens, and the pendency of four separate objections to that sale before the Federal Communications Commission in Washington, D.C.The bankruptcy hearing is now scheduled Feb. 28 in Fresno.Those objections were filed in late December and early January by four television stations broadcasting in Bakersfield — KGET-TV Channel 17, KERO-TV Channel 23 and KBAK-TV Channel 29, all of Bakersfield, and KMPH-TV Channel26 in Visalia.Those four stations have alleged in petitions before the FCC that Dorothy Owens and Buck Owens have collaborated since the beginning of KDOB to enable the station to be sold to Buck Owens.The FCC petitions by the four stations say Buck Owens, who owns Bakersfield radio stations KUZZ AM-FM, would normally be precluded from buying a television station in the same town, but he could obtain FCC approval to rescue KDOB from a bankruptcy action.The four television stations said they are concerned with the economic clout Buck Owens would have in competing for limited advertising dollars if he were able to have both a radio and television station.Attorneys for Dorothy Owens and KDOB in the FCC case have filed two requests to delay their answer to the petitions filed by the four stations. The latest deadline is Feb. 6 for KDOB to file its response to the petitions.Any sale of KDOB would have to be approved by the bankruptcy judge in Fresno and the FCC.At the last bankruptcy hearing Dec. 13, Judge Brett Dorian allowed Buck Owens to loan $60,000 to KDOB to keep the station operating. Landau said then he expected the money “should last us through the middle of January.”Landau and the other attorneys discussed coming back on Jan. 25 after they worked out the terms of a stipulated agreement to sell the station to Buck Owens. None of the attorneys in the bankruptcy action would comment on whether the proposal by Riklis Broadcasting in Oxnard is being considered.Buck Owens has offered to buy KDOB for $4.5 million, which would include paying off all the creditors and giving Dorothy Owens $250,000.KDOB began broadcasting on Dec. 18, 1988. It filed a bankruptcy petition in October. Sworn court declarations say Buck Owens guaranteed a $1.5 million loan Dorothy Owens obtained from Wells Fargo Bank to purchase the television station.
Newspaper Details
Bakersfield Californian
Bakersfield, California, US
Thu, Feb 01, 1990
Page 10
Full Page
Clipped by
Sammi B.
NA 15 Apr 2024
Other Publications Near Bakersfield, California
The Berkshire County Eagle
Southern Californian and Kern Weekly Courier
The Weekly Californian
Kern County Californian
Daily Californian
