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TVContinued from Page 1seriously consider it until they are on the air.”Berlin said YTA was able to buy the construction permit because the former holder went bankrupt.The FCC granted Manning Telecasting Inc. a construction permiton Sept. 29, 1982, said Berlin. Manning had until March 29, 1984, to complete construction of the station.Manning was one of many companies and entities organized and controlled at one time by Daniel Overmeyer, owner of D.H. Overmeyer Co., a real estate firm in New York City, said David Raible, an employee there.But a week before Manning’s construction permit was granted, the U.S. Bankruptcy Court in Ohio found that Overmeyer and some of his companies’ agents deliberately tried to defraud the First National Bank of Boston, said Berlin.On Sept. 24, 1982, thebankruptcy court held that a constructive trust over Overmeyer’s assets should be established. A year later, the court further ordered reissuing Manning’s stock to Cadmus Inc., a nominee of the bank.Cadmus, in turn, with the approval of the court and FCC, tran-ferred control of KCAA (TV) toYuma Television Association,” saidBerlin.Styles said $30,000 was a fair price” for a TV station in a market the size of Yuma’s.The original Channel 11 station” in Yuma was KIVA-TV built in 1952 for about $500,000, said Styles.The studio was located just on the California side, where the plant inspection stations are now,” he said. The original building is stillstanding.”Styles said Mesa businessmen sold the station to Bruce Merrell, a wealthy man in the TV cable business, in the late *50s.My understanding is he thought cable was more profitable and closed the station,” said Styles.Mather said he hopes to develop some local contacts over the next couple of months.1 would love to get some local people helping out,” he said. Those interested can write me at 50 Calle Clara Vista, Tucson, Az., 85716.”
Newspaper Details
Yuma Sun
Yuma, Arizona, US
Thu, Jan 29, 1987
Page 2
Full Page
Clipped by
Sammi B.
NA 09 Jul 2022
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