Federal Communications Commission
Washington, D.C. 20554
Approved by OMB
3060-0031 (September 2004)
FOR FCC USE ONLY
 
Extension of Consummation

Read Instructions/FAQ before filling out form

FOR COMMISSION USE ONLY
FILE NO.

Section I - General Information
1. Legal Name of the Applicant
BAS BROADCASTING, INC.
Mailing Address
1281 NORTH RIVER ROAD

City
FREMONT
State or Country (if foreign address)
OH
Zip Code
43420 -
Telephone Number (include area code)
4193328218
E-Mail Address (if available)
JIMLORENZEN@BASBROADCASTING.COM
FCC Registration Number:
0007097108
Call Sign 
WPFX-FM
Facility ID Number
7821
2. Contact Representative (if other than licensee/permittee)
ERWIN G. KRASNOW, ESQ.
Firm or Company Name
GARVEY SCHUBERT BARER
Mailing Address
1000 POTOMAC STREET, NW
FIFTH FLOOR

City
WASHINGTON
State or Country (if foreign address)
DC
ZIP Code
20007 -
Telephone Number (include area code)
2029657880

E-Mail Address (if available)
EKRASNOW@GSBLAW.COM
3. Purpose:
Consummation Notice
Extension of Consummation
Notification of Non-consummation
4. Consummation for:
Assignment of License and/or Permit
Transfer of Control
5.
Lead Station File Number:     BALH - 20080701ABW
Lead Facility ID:    7821
6.
(a) I request a ninety (90) day extension of the deadline to consummate the referenced assignment
of license/transfer of control application
Yes   No

(b) This is a second or greater extension of time for consummation request

Yes No
If yes to Item #b, an exhibit is attached which (1) states the reason for the further extension and (2) states that
all the pertinent information included in the application is still current
[Exhibit 1]

I certify that the statements in this application are true, complete, and correct to the best of my knowledge and belief, and are made in good faith. I acknowledge that all certifications and attached Exhibits are considered material representations.

Typed or Printed Name of Person Signing
ERWIN G. KRASNOW, ESQ.
Typed or Printed Title of Person Signing
ATTORNEY
Signature
Date
11/24/2009

WILLFUL FALSE STATEMENTS ON THIS FORM ARE PUNISHABLE BY FINE AND/OR IMPRISONMENT (U.S. CODE, TITLE 18, SECTION 1001), AND/OR REVOCATION OF ANY STATION LICENSE OR CONSTRUCTION PERMIT (U.S. CODE, TITLE 47, SECTION 312(a)(1)), AND/OR FORFEITURE (U.S. CODE, TITLE 47, SECTION 503).



Exhibits
Exhibit 1
Description:
AMENDED EXTENSION OF CONSUMMATION

THE LICENSEE AND THE ASSIGNEE ENTERED INTO AN AGREEMENT FOR THE SALE OF WPFX-FM IN EARLY 2008. AN ASSIGNMENT APPLICATION WAS FILED WITH THE COMMISSION AND WAS GRANTED AT THE BEGINNING OF THE RECESSION. THE FINANCIAL INSTITUTION THAT HAD GIVEN THE ASSIGNEE A COMMITMENT LETTER WAS IN TROUBLE WITH OTHER LOANS AND AS A RESULT, WAS UNWILLING TO MAKE ANY NEW LOANS AT THAT TIME. THUS, THE ASSIGNEE HAD TO FIND ANOTHER LENDING INSTITUTION.

ONE OF THE MEMBERS OF TOLEDO RADIO, LLC (THE ASSIGNEE) IS AN AUTOMOTIVE DEALER WHO ALSO WAS CAUGHT IN THE FINANCIAL DOWNTURN. HE WAS TO BE ONE OF THE GUARANTORS OF THE LOAN TO THE LLC. THE ASSIGNEE HAD TO LOCATE ANOTHER PERSON WHO COULD GUARANTEE THE REQUESTED LOAN TO THE SATISFACTION OF A NEW BANK. ANOTHER LLC MEMBER SUBSEQUENTLY AGREED TO PUT UP THE NECESSARY COLLATERAL, ALSO, THE NEW BANK ASKED FOR SMALL BUSINESS ADMINISTRATION (SBA) GUARANTEES ON THE LOAN. THE SBA REQUIRED CERTAIN REAL PROPERTY APPRAISALS WHICH WERE MADE AND HAVE BEEN SUBMITTED. THIS PROCESS TOOK SEVERAL WEEKS AS THERE ARE SEVERAL PARCELS OF LAND INVOLVED WITH THE GUARANTEE. AN APPLICATION WAS MADE TO THE SBA AND THAT APPLICATION HAS BEEN CONDITIONALLY APPROVED AS OF THIS DATE. IT IS ANTICIPATED THAT A CLOSING WILL TAKE PLACE NO LATER THAN DECEMBER 15, 2009. THE BANK'S ATTORNEYS ARE PREPARING THE PAPERWORK THIS WEEK FOR AN ANTICIPATED CLOSING NEXT WEEK.


Attachment 1