Arizona Republic from Phoenix, Arizona • Page 48

ALL B-10 Mar. 29, 1977 The Arizona Republic TBA tries again to buy Channel 21 VIDEO By MIKE PETRYNI Trinity Broacasting of Arizona (TBA), which attempted more than a year ago to purchase debt-ridden KPAZ- TV (Channel 21), has asked again to be ajlowed to purchase the religious broadcasting statforf, In an emotion-charged business meeting, which some critics said was more emotion-manipulated, the owners of TBA. an offshoot of the Trinity Broadcasting Network (TEN) of Santa Ana, asked KPAZ's bond holders Saturday to substitute their $1.6 million in bonds for TBA bonds as part of a 15 year refinancing plan prior to purchase. Amid several citations of the Lord's will, couple of gospel hymns and one weeping testimonial, TBN-owner Paul Crouch told the bondholders if they consented to a TBA takeover of Channel 21. TRA would assume responsibility for the $1.6 million in bonds and TON would loan the station $270.000 to pay monies owwi on its transmitter (about back taxes ($11,4071.

and mortgages on its building property. Croih-h also pledged $10,000 of his personal funds to help the station get back on its feet. KPAZ, and its owner, Glad Tidings Church, is behind about $800,000 on interest and principal payments on the $1.6 million in bonds, according to Gordon Hutchinson, attorney for the station. In addition, the station was knocked off the air Jan. 19 when RCA Corporation seized its broadcasting transmitter for monies owed.

Under the refinancing plan, seven per cent interest would bo paid on the bonds with payments aiming CALENDAR even' six months the (list tliw nnd monlhly the next 12 years. All trfmiiiu-int! is contingent on FCC approval for the trunslVr When TRA first trliM to buy the station, thn deal fell through when hackt-d out one day before the PXX' was to consider tlw transfer. filcxt with the Ftr," Crouch told thp. bond holriors. "the devil must have taken notice and hurled brickbats nl us.

some of wtiich hit us." Tn questioning Hw whole deal, Mrs. Hobrrt Shroeder called on 1'nstor Llndol Kdnuiiuls, who founded KPAZ, to account for the spending tluit got the station near bankruptcy. Under her questioning, Crouch said, in taking over (lie station TRA only has $42,000 in the bank. He also acknowledged to put TUN, instead of TBA. on the line for KPAZ would bo "folly on 1 our jvirts." "They just want to get control so they can raise money over air in tiie Lord's name," she said.

Steven Yarbrough, an attorney for more than 30 bondholders with nearly $400,000 In bonds, said most of his clients would probably go along with the refinancing. Faced with a bankruptcy by Glad Tidings, which has few assets, he said the transfer for the bondholders was a matter of "exchanging nothing for nothing in hopes it might sometime be something." Michael Mastrovito, an attorney for Euel and Cinderella Ballentine, who have filed suit charging that Glad Tidings Church defrauded them of $25,000, said his client will probably proceed with their suit. "The common plight of these people is that they are older and have to be concerned with waiting 12 years to get their money back," he said. 'Pat Paulscn "Lecture In Humor," 8 p.m. today, Scottsdale Center for the Arts.

Phoenix Symphony Daniel Lewis conductor, Garry Graffman pianist, 8 p.m. today, Symphony Hall. 'Windmill Theater-June Wilkinson in "Pajama Tops," 6:30 dinner, 8:30 curtain Tuesdays through Sundays; 12:15 buffet, 2 p.m. matinee Sundays. "Egad, What a Cad" Merrimelbdrammer Production at Pinnacle Peak Steak House, 6:30 dinner, 7:30 curtain, Tuesdays through Saturdays.

Bread With Jelly 7 p.m. today, Celebrity Theater. Chamber Chamber Soloists, presented by Phoenix Chamber Music Society, 8:3.0 p.m. Wednesday, Scottsdale Center for the Arts. Greek Singers Sponsored by ASU Panhellenic Council and Interfraterni- ty Council of ASU, 7 p.m.

Thursday, Gammage. Richqrd HI ASU Theater presentation, 8 p.m. Thursday through next Sunday, Music Theater. Travelogue "The Peoples Republic of China," Mrs. Winifred N.

Powers, 7:30 p.m. Thursday, YWCA Midtown Center, 230 E. Earll Drive. Ohio Players With the Hues Corporation, 7 11 p.m., Thursday, Celebrity Theater. "The Music Man" Presented by Phoenix Lit- tle Theater, Thursday through Saturday, 8 p.m., also April 7-9 and 14-16.

Gentle Giant, 7 p.m. Friday, Celebrity Theater. World Adventure Series of the Netherlands," Russ Potter narrator, 8:15 p.m. Friday, Scottsdale High School. ASU Symphonic Band- Richard Strange conductor, 8 p.m.

Friday, Gammage. Pops Concert Phabu- lous Phoenicians, pianist Buddy Weed, Phoenix Symphony, 8:30 p.m. Friday and Saturday, Symphony Hall. p.m. Saturday, Scottsdale Center for the Arts.

Crazy Ed's FISH FRY IS BACK TUESDAY AND FRIDAY ALL YOU CAN EAT 1926 W. Deer Valley Rd. 942-6110 a i i I 947-6072 6863 E. McDowell FAMILY DINNER PACK 16 pa. Chicken Potatoes PL Cole Slaw Pt.

Gravy 4 Rolls Another Super Food Buy From $499 Reg. S7.49 I I I inn pieCTsot $OQ9 APRIL 4, 1977 99 "ty KTAR-TV has new manager C. E. Cooney has been named president and general manager of KTAR-- TV, succeeding Robert L. Brown who resigned to take a similar position with KTHV-TV in Little Rock, Ark.

Cooney comes to Phoenix from KRON-TV in San Francisco, where he was president and general manager. Brown had held the KTAR position since September 1974. Reservation 955-1801-948-6170 Closed Mondays (Box office open 7 days) June Wilkinson Starring In "PAJAMA TOPS" A French Farce that is All Performances Nightly Sunday Windmill DINNER THEATRE Shea Blvd. Scottsdale DINE PARIS FOR LESS THAN $5 'Cafrtcr Scottsdale Rd. Open 11 a.m.

to 10 p.m. I 1 I I TUESDAY WEDNESDAY ARE FAMILY KITES S2.OO OFF $2.00 OFF Any Family Size THICK CRUST PIZZA $2.00 OFF Any Family Size DEEP PAN PIZZA $2.00 OFF Any Family Size THIN CRUST PIZZA $2.00 OFF Any Village Inn HEAVYWEIGHT PIZZA 5 pm Io9 pm only. I I "We Build The Better Pizza!" AT 25 VALLEY LOCATIONS MONDAY TUESDAY DINNER! pt, SPECIAL 1 DINNER INCLUDES SALM) I BREAD AND POTATO 1 $6.95 BOMBffif BICYCLE OJUB 7280 STETSON DR. SCOnSCM.E, Open 11 A.M. lo Midnight 7 Diiys A Week.

lowgt Until I AM." A Non- Smokerg Heclion Is Now Available Happy Easter From Your Friends at Monti's (Open Easter Sunday) Mother's Day Sun. May 9th 1st Street and Mill Ave. Tempe. 967-7594 Your Host: Leonard Monti, Sr. rvln lhe r' nesl Prime 'k and Sleofcs In i The flomanlic Almospfrpre of Old West.

ALLYOUCANEAT Every Tuesday and Thursday Night all the Fish you can eat! On Includes french fries, cornbread and cole slaw. Served 3 p.m. lo 10 p.m. ONLY. Children under 6 FREE.

SI. I Dunlap 16th St. E. McDowed Coming toon lo 35th Ave. W.

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