Two trustees back Foundation’s bid
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Marisa O’Neil
Orange County’s only public broadcasting channel may be saved, after
two trustees recommended that the Coast Community College District
accept the KOCE Foundation bid to buy the station’s license.
With two more bidders dropping out of the running this week, the
board of trustees is set to vote tonight on which of three remaining
bids to accept. The KOCE Foundation, which submitted a revised bid
before last week’s deadline, is the only bidder that promised to keep
the station a PBS affiliate.
“I do think this is a win-win situation,” said KOCE-TV board
committee member and district trustee Jerry Patterson, one of the two
in recommending they accept the foundation bid. “They were the
highest responsible bidder. [Our recommendation] will carry a certain
amount of weight. I hope the rest of the board buys it”
Patterson said that he has supported keeping KOCE in its present
format from the beginning of the process. The other committee member
backing the foundation bid, George Brown, was convinced after
meetings with the media broker Media Venture Partners, attorneys and
district staff that it was the best deal.
Almavision Hispanic Network submitted the highest revised bid
before the Oct. 8 deadline, with $35 million cash. The committee
decided the group did not have sufficient proof it could come up with
the money.
KOCE-TV Foundation came in with the second-highest revised bid. It
offered a total of $32 million, $8 million cash and the rest over 10
or more years.
The foundation originally partnered with Los Angeles PBS affiliate
KCET to offer $10 million, the lowest bid of the group. That
partnership dissolved after they decided they could not ink a deal in
time.
The KOCE Foundation announced last week that it had significantly
raised its bid with the help of community members and business
leaders.
“Since this whole thing came up, the community has really stepped
up to the plate,” Patterson said. “They have some big hitters. They
had a resurgence of financial support.”
Two religious broadcasters, Costa Mesa’s Trinity Broadcasting and
LeSEA Broadcasting Corp. withdrew their initial proposals. Daystar
Television submitted a revised bid of $40 million after the Oct. 8
deadline, making it ineligible.
The district also received a bid from commercial broadcaster
Pappas Telecasting Companies for $25 million, but rejected it because
it came after the initial deadline in July.
* MARISA O’NEIL covers education and may be reached at (949)
574-4268 or by e-mail at [email protected].
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