Federal Communications Commission
Washington, D.C. 20554
Approved by OMB
3060-0010 (June 2002)
FCC 323
FOR FCC USE ONLY
 
OWNERSHIP REPORT FOR COMMERCIAL BROADCAST STATIONS

Read INSTRUCTIONS Before Filling Out Form

FOR COMMISSION USE ONLY
FILE NO.

BON - 20040329AAK
Section I - General Information
1. Legal Name of the Applicant 
PATHFINDER COMMUNICATIONS CORPORATION
Mailing Address
421 SOUTH SECOND STREET
City
ELKHART
State or Country (if foreign address)
IN
ZIP Code
46516 -
Telephone Number (include area code)
5742965829
E-Mail Address (if available) 
FCC Registration Number:
0002898989
Call Sign 
WTRC
Facility ID Number 
51723
2. Contact Representative (if other than Licensee/Permittee)
JOHN G. HOLLAND
Firm or Company Name
LATHAM & WATKINS LLP
Telephone Number (include area code)
2026372200
E-Mail Address (if available)
JOHN.HOLLAND@LW.COM
3. Name of entity, if other than licensee or permittee, for which report is filed

Mailing Address


City
State or Country (if foreign address)
ZIP Code
-
Telephone Number (include area code)
E-Mail Address (if available)
4. If this application has been submitted without a fee, indicate reason for fee exemption (see 47 C.F.R. Section 1.1114):
Governmental Entity Fee-exempt Report Other RENEWAL OWNERSHIP REPORT
N/A (Fee Required)



Section II - Ownership Information

5.

a. Biennial b. Transfer of Control or Assignment of License/Permit c. Other
d. Amendment to pending application


for the following stations:

[Enter Station Information]


Station List


This Report is filed for the following stations:

Call Letters
Facility ID Number
Location (City/State)
Class of service
WTRC 51728 ELKHART IN AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WBYT 51723 ELKHART IN FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WAOR 48911 NILE MI FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WNIL 48912 NILES MI AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WKJG 51724 FORT WAYNE IN AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WMEE 51726 FORT WAYNE IN FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WOWO 28205 FORT WAYNE IN AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WBYR 55659 VAN WERT OH FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WFWI 18662 FORT WAYNE IN FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WLEG 63773 LIGONIER IN FM



All of the information furnished in this Report is accurate as of 03/23/2004 (Date must comply with 47 C.F.R. Section 73.3615(a), i.e., information must be current within 60 days of filing of this report, when 5(a) below is checked.)

This Report is filed for (check one)
6.
Respondent is:
Sole proprietorship Not-for-profit corporation Limited partnership
For-profit corporation General partnership Other
If "Other", describe nature of the respondent in an Exhibit.
[Exhibit 1]
7.
List all contracts and other instruments required to be filed by 47 C.F.R. Section 73.3613.   (Only licensees, permittees, or a reporting entity with a majority interest in or that otherwise exercises de facto control over the subject licensee or permittee shall respond.)

[Enter Contract/Instrument Information]


Contracts/Instruments Information


List all contracts and other instruments required to be filed by 47 C.F.R. Section 73.3613. (Only licensees, permittees, or a reporting entity with a majority interest in or that otherwise exercises de facto control over the subject shall respond.)

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
ARTICLES OF INCORPORATION INDIANA SECRETARY OF STATE 08/25/1970

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
BYLAWS INDIANA SECRETARY OF STATE 08/25/1970

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
SHAREHOLDERS AGREEMENT AMONG SHAREHOLDERS 10/01/1984

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
COMMERCIAL LOAN AGREEMENT KEYBANK NATIONAL ASSOCIATION 02/27/1997

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
SECURITY AGREEMENT KEYBANK NATIONAL ASSOCIATION 02/27/1997

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
PLEDGE AGREEMENT KEYBANK NATIONAL ASSOCIATION 02/27/1997

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
FIRST MODIFICATION TO COMMERICAL LOAN AGREEMENT PATHFINDER COMMUNICATIONS CORPORATION, JAM COMMUNICATIONS, INC., AND KEYBANK NATIONAL ASSOCIATION 10/01/1997

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
SECOND MODIFICATION TO COMMERCIAL LOAN AGREEMENT PATHFINDER COMMUNICATIONS CORPORATION, JAM COMMUNICATIONS, INC., AND KEYBANK NATIONAL ASSOCIATION 07/01/1999

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
LOCAL MARKETING AGREEMENT BETWEEN PATHFINDER COMMUNICATIONS CORPORATION AND TALKING STICK COMMUNICATIONS, L.L.C. 08/21/2002

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
LOCAL MARKETING AGREEMENT BETWEEN PATHFINDER COMMUNICATIONS CORPORATION AND FALLEN TIMBER COMMUNICATIONS, L.L.C. 01/24/2002

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
REVOLVING LOAN AGREEMENT BY AND BETWEEN PATHFINDER COMMUNICATIONS CORPORATION AND JAM COMMUNICATIONS, INC., AND KEYBANK NATIONAL ASSOCIATION 01/08/2004

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
KEYBANK NATIONAL ASSOCIATION PATHFINDER COMMUNICATIONS CORPORATION SECURITY AGREEMENT PATHFINDER COMMUNICTIONS CORPORATION IN FAVOR OF KEYBANK NATIONAL ASSOCIATION 01/08/2004


8. Capitalization (Only licensees, permittees, or a reporting entity with a majority interest in or that otherwise exercises de facto control over the subject licensee or permittee shall respond.)

[Enter Capitalization Information]


Capitalization


Capitalization (Only licensees, permittees, or a reporting entity with a majority interest in or that otherwise excercises de facto control over the subject licensee or permittee shall respond.)

Class of stock (preferred, common or other)
Voting or Non-voting
Number of Shares
Authorized
Issued and Outstanding
Treasury
Unissued
COMMON
V
1000
975
25


9.
(a.) List the respondent, and, if other than a natural person, its officers, directors, stockholders and other entities with attributable interests, non-insulated partners and/or members. If a corporation or partnership holds an attributable interest in the respondent, list separately its officers, directors, stockholders and other entities with attributable interests, non-insulated partners and/or members. Create a separate row for each individual or entity. Attach supplemental pages, if necessary.
[Enter Owner Information]

Owner Information

List the respondent, and, if other than a natural person, its officers, directors, stockholders and other entities with attributable interests, non-insulated partners and/or members. If a corporation or partnership holds an attributable interest in the respondent, list separately its officers, directors, stockholders and other entities with attributable interests, non-insulated partners and/or members. Create a separate row for each individual or entity. Attach supplemental pages, if necessary.
(Read carefully - The numbered items below refer to line numbers in the following table.)
1. Name and address of respondent and each party to the respondent holding an attributable interest (if other than individual also show name, address and citizenship of natural person authorized to vote the stock or holding the attributable interest). List the respondent first, officers next, then directors and, thereafter, remaining stockholders and other entities with attributable interests, and partners.
2. Gender (male or female).
3. Ethnicity (check one).
4. Race (select one or more).
5. Citizenship.
6. Positional interest: Officer, director, general partner, limited partner, LLC member, investor/creditor attributable under the Commission's equity/debt plus standard, etc.
7. Percentage of votes.
8. Percentage of total assets (equity debt plus).

1. Name and Address PATHFINDER COMMUNICATIONS CORPORATION, 421 S. SECOND STREET, P.O. BOX 2500, ELKHART, IN 46515
2. Gender (male or female)
3. Ethnicity (check one) Hispanic or Latino
Not Hispanic or Latino
4. Race (select one or more) American Indian or Alaska Native
Asian
Black or African American
Native Hawaiian or Other Pacific Islander
White
5. Citizenship US
6. Positional Interest RESPONDENT
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus) 0.00

1. Name and Address JOHN F. DILLE, III, 7 HOLLY LANE, ELKHART, IN 46514
2. Gender (male or female) Male
3. Ethnicity (check one) Hispanic or Latino
Not Hispanic or Latino
4. Race (select one or more) American Indian or Alaska Native
Asian
Black or African American
Native Hawaiian or Other Pacific Islander
White
5. Citizenship US
6. Positional Interest PRESIDENT AND DIRECTOR
7. Percentage of votes 68.80
8. Percentage of total assets (equity debt plus) 44.00

1. Name and Address ROBERT A. WATSON, 25945 NEW ROAD, NORTH LIBERTY, IN 46554
2. Gender (male or female) Male
3. Ethnicity (check one) Hispanic or Latino
Not Hispanic or Latino
4. Race (select one or more) American Indian or Alaska Native
Asian
Black or African American
Native Hawaiian or Other Pacific Islander
White
5. Citizenship US
6. Positional Interest SECRETARY, TREASURER, AND DIRECTOR
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus) 0.00


(b) Respondent certifies that equity and financial interests not set forth in response to Question 9(a) are non-attributable. Yes No

N/A

See Explanation in
[Exhibit 2]

(c) Is the respondent or any party holding an attributable interest in the respondent also the holder of an attributable interest in any other broadcast station or in any cable or newspaper entities in the same market or with overlapping signals in the same broadcast service, as described in 47 C.F.R. Sections 73.3555 and 76.501? Yes No
If "Yes", submit an Exhibit identifying the holder of that other attributable interest, listing the call signs, locations and facilities identifiers of such other broadcast stations, and describing the nature and size of the ownership interest and the positions held in the other broadcast, cable or newspaper entities. [Exhibit 3]
(d) Are any of the individuals listed in response to Question 9(a) related as parent-child, husband-wife, brothers and sisters?

Yes No

 

If "Yes", submit an Exhibit setting forth full information as to the family relationship

[Exhibit 4]

(e) Is respondent seeking an attribution exemption for any officer or director with duties unrelated to the licensee or permittee?

If "Yes", submit an Exhibit identifying that individual by name and title, fully describing that individual's duties and responsibilities, and explaining why that individual should not be attributed an interest.

Yes No

[Exhibit 5]



SECTION III - CERTIFICATION


I certify that I am SECRETARY AND TREASURER

(Official Title)


of PATHFINDER COMMUNICATIONS CORPORATION

(Exact legal title or name of respondent)


and that I have examined this Report and that to the best of my knowledge and belief, all statements in this Report are true, correct and complete.

(Date of certification must be within 60 days of the date shown in Question 5, Section II and in no event prior to that date.)

Signature
ROBERT A. WATSON
Date
03/24/2004
Telephone Number of Respondent (Include area code) 5742952500

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 2
Description:
EXHIBIT 2

PLEASE NOTE THAT MINORITY STOCK OWNERSHIP INTERESTS IN PATHFINDER COMMUNICATIONS CORPORATION ('PATHFINDER') DO NOT REPRESENT ATTRIBUTABLE INTERESTS UNDER THE COMMISSION'S CURRENT RULES AND POLICIES, AND AS SUCH, ARE NOT REQUIRED TO BE DISCLOSED IN THIS APPLICATION. AS YOU KNOW, THE COMMISSION, IN ITS MEMORANDUM OPINION AND ORDER ON RECONSIDERATION, FCC 00-438, 41-44 (JANUARY 19, 2001) (THE 'MO&O'), ELIMINATED THE 'SINGLE MAJORITY' SHAREHOLDER EXEMPTION UNDER SECTION 73.3555, NOTE 2(B) OF ITS RULES, BUT GRANDFATHERED ANY MINORITY INTERESTS IN A COMPANY WITH A SINGLE MAJORITY
SHAREHOLDER THAT WERE ACQUIRED PRIOR TO THE ADOPTION DATE OF THE MO&O.
SUBSEQUENTLY, THE COMMISSION HAS SUSPENDED THE ELIMINATION OF THE SINGLE MAJORITY SHAREHOLDER EXEMPTION PENDING RESOLUTION OF THE ISSUES OUTLINED IN THE FURTHER NOTICE OF PROPOSED RULEMAKING, FCC 01-263 (SEPTEMBER 21, 2001). SEE ORDER, FCC 01-353, 1 (DECEMBER 14, 2001). AS A RESULT OF THESE ACTIONS, THE MINORITY STOCK OWNERSHIP INTERESTS IN PATHFINDER ARE NOT ATTRIBUTABLE UNDER THE COMMISSION'S CURRENT RULES AND POLICIES. PATHFINDER HAS, HOWEVER, PROVIDED THE PERCENTAGE OF VOTES AND THE PERCENTAGE OF TOTAL ASSETS (DEBT PLUS EQUITY) FOR EACH OFFICER, DIRECTOR AND REPORTABLE SHAREHOLDER OF PATHFINDER AS OF AUGUST 7, 2002.


Attachment 2


Attachment 3
Description
Other Broadcast Interests