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.

BOA - 20070330ASB
Section I - General Information
1. Legal Name of the Applicant 
HOLSTON VALLEY BROADCASTING CORPORATION
Mailing Address
222 COMMERCE STREET
City
KINGSPORT
State or Country (if foreign address)
TN
ZIP Code
37660 -
Telephone Number (include area code)
4232469578
E-Mail Address (if available) 
GDEVAULT@HVBCGROUP.COM
FCC Registration Number:
0001770163
Call Sign 
Facility ID Number 
27504
2. Contact Representative (if other than Licensee/Permittee)
DENNIS J. KELLY
Firm or Company Name
LAW OFFICE OF DENNIS J. KELLY
Telephone Number (include area code)
2022932300
E-Mail Address (if available)
DKELLYFCCLAW1@COMCAST.NET
3. Name of entity, if other than licensee or permittee, for which report is filed
GLENWOOD COMMUNICATIONS CORPORATION
Mailing Address
222 COMMERCE STREET

City
KINGSPORT
State or Country (if foreign address)
TN
ZIP Code
37660 -
Telephone Number (include area code)
4232469578
E-Mail Address (if available)
GDEVAULT@HVBCGROUP.COM
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
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
WMEV 63710 MARION VA AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WMEV-FM 63711 MARION VA FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WKPT 27495 KINGSPORT TN AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WTFM 27489 KINGSPORT TN FM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WKTP 27498 JONESBOROUGH TN AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WOPI 31405 BRISTOL TN AM


Call Letters
Facility ID Number
Location (City/State)
Class of service
WKPT-TV 27504 KINGSPORT TN TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WAPK-CA 77677 KINGSPORT TN TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WAPG-CA 77678 GREENEVILLE TN TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WAPM-CA 77675 BENHAM-LYNCH KY TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WAPW-CA 77676 ABINGDON-WASH. CO. VA TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WOPI-CA 27490 KINGSPORT TN TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WKPT-LP 27502 KINGSPORT TN TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WMEV-LP 27501 PENNINGTON GAP VA TV


Call Letters
Facility ID Number
Location (City/State)
Class of service
WKPZ-LP 27496 WYTHEVILLE VA TV



All of the information furnished in this Report is accurate as of 03/30/2007 (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 STATE OF TENNESSEE 11/15/2004

Description of contract or instrument Name of person or organization with whom contract is made Date of Execution Date of Expiration
BY-LAWS CORPORATION 11/15/2004


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
1000000
121614
4947
873439


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 WILLIAM M. BOYD & THOMAS J. MCGRATH AS TRUSTEES UNDER TRUST AGREEMENT OF 11/13/1974 BY HUGH N. BOYD, GRANTOR
2. Gender (male or female) N/A
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 NONE
7. Percentage of votes 36.48
8. Percentage of total assets (equity debt plus) 36.48

1. Name and Address WILLIAM M. BOYD AS TRUSTEE U/W RUTH O'DAY RIDDER F/B/O WILLIAM M. BOYD
2. Gender (male or female) N/A
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 NONE
7. Percentage of votes 10.15
8. Percentage of total assets (equity debt plus) 10.15

1. Name and Address WILLIAM M. BOYD, 7460 GIRARD AVENUE, LA JOLLA, CA 92037
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 CHAIRMAN/DIRECTOR
7. Percentage of votes 29.75
8. Percentage of total assets (equity debt plus) 29.75

1. Name and Address GEORGE E. DEVAULT, JR., 222 COMMERCE STREET, KINGSPORT, TN 37660
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/DIRECTOR
7. Percentage of votes 2.47
8. Percentage of total assets (equity debt plus) 2.47

1. Name and Address JOSEPH D. FONTANA, 2 VAN ETTA ROAD, WHITEHOUSE STATION, NJ
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 SENIOR VICE-PRESIDENT
7. Percentage of votes 0.41
8. Percentage of total assets (equity debt plus) 0.41

1. Name and Address BETTE LAWSON, 222 COMMERCE STREET, KINGSPORT, TN
2. Gender (male or female) 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 TREASURER
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus) 0.00

1. Name and Address JANET L. BRAGG, 222 COMMERCE STREET, KINGSPORT, TN 37660
2. Gender (male or female) 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 SECRETARY
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus) 0.00

1. Name and Address JERRY CARR, 6465 PALMAR COURT, BOCA RATON, FL 33430
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 DIRECTOR
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus) 0.00

1. Name and Address WALTER P. NELSON, 14358 BAY WATER COURT, DOWELL, MD 20624
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 DIRECTOR
7. Percentage of votes 0.33
8. Percentage of total assets (equity debt plus) 0.33

1. Name and Address WALTER V. TROXEL, 2650 HAZY HOLLOW RUN, ROSWELL, GA 30076
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 DIRECTOR
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus) 0.00

1. Name and Address N. DAVID WIDENER, 222 COMMERCE STREET, KINGSPORT, TN 37660
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 DIRECTOR
7. Percentage of votes 0.82
8. Percentage of total assets (equity debt plus) 0.82


(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 PRESIDENT

(Official Title)


of HOLSTON VALLEY BROADCASTING 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
GEORGE E. DEVAULT, JR.
Date
03/30/2007
Telephone Number of Respondent (Include area code) 4232469578

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 3
Description:
OTHER BROADCAST INTERESTS

GLENWOOD COMMUNICATIONS CORPORATION IS 100% SHAREHOLDER OF HOLSTON VALLEY BROADCASTING CORPORATION.

HOLSTON VALLEY BROADCASTING CORPORATION IS THE LICENSEE OF THE FOLLOWING BROADCAST AND CLASS A TV STATIONS:

WKPT(AM), KINGSPORT, TN, FIN 27495
WTFM(FM), KINGSPORT, TN, FIN 27489
WKTP(AM), JONESBOROUGH, TN, FIN 27498
WOPI(AM), BRISTOL, TN-VA, FIN 31405
WKPT-TV, KINGSPORT, TN, FIN 27504
WMEV(AM), MARION, VA, FIN 63710
WMEV-FM, MARION, VA, FIN 63711
WAPK-CA, KINGSPORT-JOHNSON CITY-BRISTOL, TN / BRISTOL, VA, FIN 77677
WAPG-CA, GREENEVILLE, TN / BLACKWATER, VA, FIN 77678
WAPM-CA, BENHAM-LYNCH, KY, FIN 77675
WAPW-CA, ABINGDON-WASHINGTON COUNTY, VA, FIN 77676
WOPI-CA, KINGSPORT-JOHNSON CITY-BRISTOL, TN / BRISTOL, VA, FIN 27490
WKPT-LP, KINGSPORT, TN, FCC FIN 27502
WMEV-LP, PENNINGTON GAP, VA, FCC FIN 27501
WKPZ-LP, WYTHEVILLE, VA, FCC FIN 27496

HOLSTON VALLEY IS THE LICENSEE/PERMITTEE OF THE FOLLOWING LPTV AND FM TRANSLATOR STATIONS:

WKIN-LP, GATE CITY/WEBER CITY, VA, FCC FIN 27503
WAPV-LP, HONAKER, VA, FCC FIN 58232
WKPH-LP, HONAKER, VA, FCC FIN 58237
W249AH, JOHNSON CITY, TN, FCC FIN 27499
W249AK, BRISTOL, TN-VA, FCC FIN 27506
W232BP, KINGSPORT, TN, FCC FIN 158040

HOLSTON VALLEY BROADCASTING CORPORATION IS PARTY TO A TIME BROKERAGE AGREEMENT RELATIVE TO THE FOLLOWING STATION:

WRZK(FM), COLONIAL HEIGHTS, TN, FCC FIN 47076



Attachment 3