Documents filed with the Missouri secretary of state's office leave the impression that Perkin Media, the Springfield limited liability company that is partnering with KYTV to buy KSPR, was likely formed specifically to enable KY3 owner Schurz Communications, Inc. to get around FCC rules against owning two stations in the same market.
Businessman and longtime Springfield broadcaster Bill Perkin filed articles of organization for Perkin Media with the secretary of state's office on July 12. According to the document, the purpose of Perkin Media is to "own media properties."
Perkin, in addition to stints at KSPR and in Springfield radio during a 15-year broadcasting career, was the longtime owner of Perkin Marketing, described on internet sites as "a development company designed to help businesses and individuals achieve the results they want." Perkin formed the company in 1988.
Since he sold his share in Perkin Marketing, Perkin has served as CEO of Way2Bid, Inc., which helps government entities to reduce costs through internet bidding procedures.
The Springfield News-Leader account of the KSPR sale says:
Springfield-based Perkin Media will purchase KSPR’s FCC license and intellectual property, while KY3, Inc. — owned by Schurz Communications Inc. of South Bend, Ind. — will acquire the non-FCC assets of the station and partner with Perkin Media to operate KSPR.
The move will enable KYTV to compete on even footing with Nexstar Broadcasting, which owns KSFX, the Springfield Fox station, and operates the city's CBS affiliate, KOLR, which is technically owned by Mission Broadcasting to enable Nexstar to comply with FCC regulations, but which to all intents and purposes belongs to Nexstar, something which the company has virtually admitted in its filings with the Securities and Exchange Commission.
KYTV's account of the sale can be found at this link.