At long last, a new owner
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The Coast Community College District board finalized its deal with
the KOCE-TV Foundation last week to sell the public broadcasting
station to its fundraising arm.
Hopefully, that will be the final word in a debate over who should
take control of the station.
The only thing standing in the way now is a lawsuit by Christian
broadcaster Daystar Television Network, claiming it should have been
named the highest responsible bidder for its $25.1-million cash
offer.
The California Education Code states that community college
districts can sell property “for cash” to the “highest responsible
bidder.”
The total purchase price of the agreement between the college
district and the foundation is $28 million, with $8 million up front
and the rest on a promissory note. While it is significantly less
than the $32-million bid that the district accepted from the
foundation in October, the decreased amount takes into account other
compensation, such as television programming that the station will
provide for the district, including 40 hours a week of televised
college courses, district officials said.
Trustees are not ignoring the education code. They are considering
all parts of it -- getting cash, but also what they feel is a
responsible bidder for the school and community.
The college district board thought about the sale long and hard
before deciding to sell to the foundation. And even once the group’s
bid was accepted, trustees were ready to back off that sale if the
foundation missed its March deadline or if it didn’t drop certain
conditions of the sale. Trustees clearly want what’s best for the
station and the community it serves.
And they’ve found that solution. The KOCE Foundation said it will
retain and grow local and educational programming. Daystar said it
would consider keeping some local programming. But Daystar is not in
the business of producing local or educational programming that could
be used at the colleges.
And while the fate of the station now rests in the court’s hands,
Daystar should accept defeat gracefully and turn the other cheek.
Failing that, hopefully the courts will decide the college
district board acted legally in doing what it felt was the right
decision for the students and community.
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