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.

BOS - 20130228ALW
Section I - General Information
1. Legal Name of the Applicant 
AG ADVISORS LONG-TERM DISTRESSED PARTICIPATION PARTNERS, L.P
Mailing Address
C/O ANGELO, GORDON & CO., L.P.
245 PARK AVENUE, 26TH FLOOR
City
NEW YORK
State or Country (if foreign address)
NY
ZIP Code
10167 -
Telephone Number (include area code)
2126922000
E-Mail Address (if available) 
FCC Registration Number:
0022464259
Call Sign 
KSWB-TV
Facility ID Number 
58827
2. Contact Representative (if other than Licensee/Permittee)
TOM W. DAVIDSON
Firm or Company Name
AKIN GUMP STRAUSS HAUER & FELD LLP
Telephone Number (include area code)
2028874011
E-Mail Address (if available)
TDAVIDSON@AKINGUMP.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
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
KSWB-TV 58827 SAN DIEGO CA TV



All of the information furnished in this Report is accurate as of 12/31/2012 (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]



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]



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
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
6. Positional Interest
7. Percentage of votes 0.00
8. Percentage of total assets (equity debt plus)

1. Name and Address
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
6. Positional Interest
7. Percentage of votes 100.00
8. Percentage of total assets (equity debt plus)


(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 CHIEF EXECUTIVE OFFICER OF THE GENERAL PARTNER

(Official Title)


of AG ADVISORS LONG-TERM DISTRESSED PARTICIPATION PARTNERS, L.P

(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
JOHN M. ANGELO
Date
02/25/2013
Telephone Number of Respondent (Include area code) 2126922000

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 3

CERTAIN ANGELO GORDON INVESTMENT PROFESSIONALS AND THEIR ESTATE PLANNING VEHICLES ALSO HOLD A POSITIONAL INTEREST IN
AG ADVISORS LONG-TERM DISTRESSED PARTICIPATION PARTNERS, L.P. ("AG ADVISORS") AS LIMITED PARTNERS. HOWEVER, BECAUSE AS A CATEGORY, AN FCC REGISTRATION NUMBER CANNOT BE CREATED FOR THIS GROUP, THE INFORMATION FOR THIS GROUP IS LISTED BELOW:

NAME: ANGELO GORDON INVESTMENT PROFESSIONALS AND THEIR ESTATE PLANNING VEHICLES

ADDRESS:
C/O ANGELO, GORDON & CO., L.P.
245 PARK AVENUE, 26TH FLOOR
NEW YORK, NY 10167

LISTING TYPE: OTHER INTEREST HOLDER
RELATIONSHIP TO LICENSEE: PERSONS WITH AN ATTRIBUTABLE INTEREST

POSITIONAL INTEREST: LIMITED PARTNER

PERCENTAGE OF VOTES: 0%
THESE PARTIES HOLD THE SAME BROADCAST AND NEWSPAPER ENTITIES AS THOSE LISTED FOR RESPONDENT IN RESPONSE TO QUESTION 3(C).

THE LIMITED PARTNERS OF AG ADVISORS AND THE RESPECTIVE PROPORTION OF EQUITY IN AG ADVISORS HELD BY ITS GENERAL PARTNER AND LIMITED PARTNERS ARE CONFIDENTIAL AND NOT PUBLICLY DISCLOSED BY ANGELO GORDON, BUT WILL BE PROVIDED TO THE COMMISSION UPON ITS REQUEST PURSUANT TO A REQUEST FOR CONFIDENTIALITY. NONE OF THE LIMITED PARTNERS HAVE A RIGHT TO PARTICIPATE IN THE DAY-TO-DAY MANAGEMENT OF THE PARTNERSHIP AS A RESULT OF THEIR STATUS AS LIMITED PARTNERS OF AG ADVISORS. FURTHER, AG ADVISORS INDIRECTLY HOLDS LESS THAN A 0.04% EQUITY INTEREST ON A FULLY-DILUTED BASIS IN THE LICENSEE. MOREOVER, NO LIMITED PARTNER OF AG ADVISORS HOLDS AN EQUITY INTEREST ON A FULLY-DILUTED BASIS IN THE LICENSEE OF MORE THAN 0.005% AS A RESULT OF THE LIMITED PARTNERS' EQUITY INTEREST IN AG ADVISORS.

Attachment 2