The Miami Herald from Miami, Florida • 709

Thursday June 13 198! The Miami Herald I7C Channel 69 purchase in doubt By ANDRES OPPENHEIMER Herald Business Writer A tentative agreement for a group of Miami investors to buy part of the planned Channel 69 and make it a full-time Spanish-language television station has fallen through two majority stockholders in the firm said Wednesday However a group of Miami investors trying to buy a large share of the FCC-approved station to broadcast from Hollywood say they still have a valid contract the terms of the agreement they had until late Tuesday to give us written notice that they intended to go forward with the stock purchasing said Tom Coats one of the two largest Channel 69 stockholders failure to do so results in termination of the The Miami investors led by businessman Steven Berkman and attorney Jim Whisenand already own 2025 percent of the stock They had an option to purchase another 225 percent of Channel 69 Coats said Whisenand had said last week his group would turn the station into South third Spanish-language television channel joining channels 23 and 51 But Coats said with the passing of deadline he and business partner Eddie Whitehead will now move to repurchase the stock that had been bought earlier by Berkman and Whisenand NEW LOW PRICE! ULTRA-H PERFORMANCE TANDY 2000 The new television station which is to cover an area stretching from Florida City to south Palm Beach County is scheduled to go on the air in early 1986 Coats said Coats and Whitehead who are black said Channel 69 will be the only black-owned television station in Florida It will be aimed at both the black and the Latin communities Whisenand said Wednesday that his group did not give notice earlier this week of its intent to go ahead with its plans to purchase additional stock because the sellers failed to provide him with an adequate engineering report Coats said he had submitted a valid engineering report- NO DOWN PAYMENT HEW 1985 CARS 6 TRUCKS Was $249900 in Cat RSC-14 Commercial Lease Available for Only $55 Per Month (Plus Applicable UseSales Tax) i 4 4 I 4 i 1 I i tit 4 JL iildj 1 Get the best MS-DOS computer at an amazing low price! 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