• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Couldn't happen to a nicer bunch

AMRocks

AMRocks

Star Participant
From Tom Taylor's newsletter: https://mailchi.mp/tomtaylornow/tom-taylor-now-124569

Lew Dickey Sr. got a little too cute, years ago, with his Atlanta stations. The legendary owner/operator created an ownership trust in 2000 for stations including WCNN/680 – but didn’t tell his sons Lew Jr. and David about it. Lew Sr. also “failed to report the existence of the trust” to the FCC, though he should’ve, since he’d transferred 90% of his equity in licensee Dickey Broadcasting Company into the trust. That’s voting control. Nobody noticed, since Lew Sr. functioned as trustee of the trust. No doubt he was doing estate planning, to benefit his four sons and two daughters. But his late-2013 death and what the family admits was his “complicated” planning results in a consent decree and an $8,000 civil penalty (not a fine) for unauthorized transfer of control, all those years ago. The Dickeys can afford the eight grand. But they’ll be reminded of the issue through 2021, since the consent decree binds them to a three-year “compliance plan.” The Dickey Broadcasting stations are all doing sports – “680 the Fan” WCNN and its translator at 93.7. “Fan 2” WFOM/1230 and a translator at 106.3. And “Fan 3” WIFN/1340 and its translator at 103.7. See the consent decree at https://docs.fcc.gov/public/attachments/DA-18-840A1.pdf
 
AMRocks said:
From Tom Taylor's newsletter: https://mailchi.mp/tomtaylornow/tom-taylor-now-124569

Lew Dickey Sr. got a little too cute, years ago, with his Atlanta stations. The legendary owner/operator created an ownership trust in 2000 for stations including WCNN/680 – but didn’t tell his sons Lew Jr. and David about it. Lew Sr. also “failed to report the existence of the trust” to the FCC, though he should’ve, since he’d transferred 90% of his equity in licensee Dickey Broadcasting Company into the trust. That’s voting control. Nobody noticed, since Lew Sr. functioned as trustee of the trust. No doubt he was doing estate planning, to benefit his four sons and two daughters. But his late-2013 death and what the family admits was his “complicated” planning results in a consent decree and an $8,000 civil penalty (not a fine) for unauthorized transfer of control, all those years ago. The Dickeys can afford the eight grand. But they’ll be reminded of the issue through 2021, since the consent decree binds them to a three-year “compliance plan.” The Dickey Broadcasting stations are all doing sports – “680 the Fan” WCNN and its translator at 93.7. “Fan 2” WFOM/1230 and a translator at 106.3. And “Fan 3” WIFN/1340 and its translator at 103.7. See the consent decree at https://docs.fcc.gov/public/attachments/DA-18-840A1.pdf
Click to expand...

Regarding how you titled this thread, I've met Lew Dickey but don't know him. But I have known David Dickey for many years through business, and he's a really good guy.
 
Want to add my own knighting for David Dickey. In my dealings with him over the past three or so years, he was always a straight-shooter. Nice guy, too.
 
Chiming in too with another vote for David Dickey, worked with him for a couple years and one of the best bosses I ever had. Would give you the shirt off his back. I've never worked directly with his brothers though.
 
You must log in or register to reply here.
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.
Back
Top Bottom