[Kzyxtalk] KZYX License Sale - 11/30/05

[Scott Peterson]

check this out:

http://990s.foundationcenter.org/990_pdf_archive/680/680050440/680050440_200606_990.pdf

there's an interesting transaction on 'STATEMENT 1' (page 15) .. 

it's under 'NET GAIN (LOSS) FROM NONINVENTORY SALES' .. 

DESCRIPTION:     STATION LICENSE
DATE ACQUIRED:    1/01/1990
HOW ACQUIRED:     PURCHASE
DATE SOLD:     11/30/2005
TO WHOM SOLE:   [BLANK]
GROSS SALES PRICE:     0.
COST OR OTHER BASIS:     15,000.
DEPRECIATION:     15,000.

now look through the list of board members on that Form 990 (pages 17, 18) .. 

what do you see? .. I see a couple of ball players who managed to keep their 

shows on the air .. but weren't watching the ball .. 

am I missing something? ..  		 	   		  
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