This from Mondays R&R and I'm a little confused. This was reported to have taken effect on July 1, 2005 from the "Hillsboro Argus" dated June 21, 2005. Didn't Don McCoun go through with selling KUIK to Spencer Rubin and Westside Radio, Inc. 2005?
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Oregon
KUIK-AM/Hillsboro (Portland)
PRICE: $1 million
TERMS: Stock sale for note
BUYER: Dolphin Communications, Inc., headed by President Spencer Rubin. Phone: 503-640-1360. It owns no other stations. This represents its entry into this market.
SELLER: Dolphin Communications, Inc., headed by Owner Donald McCoun. Phone: 503-640-1360
FREQUENCY: 1360 kHz
POWER: 5kw day/night
FORMAT: news/talk/sports
COMMENT: Donald and Donna McCoun are selling their 90.9% interest in Dolphin Communications, licensee of KUIK-AM/Hillsboro, Ore., to Spencer Rubin/Westside Radio, for $1 million note, making him 100% owner of the company's stock.

It just finally official...

If you look at the FCC records you'll find that Dolphin Communications owned KUIK (owned by Don and Donna).

I believe Westside Radio (owned by Spencer) operated KUIK under a LMA since '05.

Now Spencer will own Dolphin Communications.

I was curious when this was going to happen and I'm surprised that it didn't happen sooner.

Yeh, what took so long? Didn't know about Westside Radio under a LMA since 2005. That was never mentioned. Thanks.

My first thought was....

time period for long term capital gains (for the McCouns)