Former Alabama House Speaker Mike Hubbard, now jailed for ethics violations, is selling several radio stations in east Alabama, according to Radio Insight.
The report says that Hubbard will sell several properties from his Auburn Networks:
Classic Hits Wings 94.3 WGZZ of Waverly.
News/Talk 1400 WANI Opelika/98.7 W254AY Auburn.
Sports 106.7 W294AR Auburn/WGZZ-HD3.
Soft AC 96.3 WLEE W242AX/WGZZ-HD4.
A pending application for a translator on 105.1 Auburn.
A construction permit for low-power TV WHBD-LD Auburn.
The package will be sold to Lee Perryman’s Auburn Networks LLC for $775,000. The deal also includes East Alabama Living magazine, according to the trade site.
Perryman will begin operating the stations no later than Oct. 1. In the sale filing, Hubbard states that the entire $775,000 purchase price will be utilized to pay off creditors. The buyer will also assume $64,982.90 in debt related to equipment, according to the report.
Perryman is the owner of Marble City Media, which owns five stations in Alabama.
Hubbard reported Sept. 11 to begin his prison sentence. Hubbard, 58, was sentenced to four years in prison in 2016 for violating the state ethics law. He had been out on appeal since. His defense team has indicated that he will file a federal appeal.
A Lee County jury convicted Hubbard of 12 ethics violations. The Alabama Court of Criminal Appeals upheld 11 of the 12. The Alabama Supreme Court affirmed six of the 11 and overturned five. Hubbard was one of Alabama’s most powerful politicians until his conviction, which automatically removed him from office.
Related: 6-year saga: Timeline of Mike Hubbard’s ethics case
Prosecutors said Hubbard used his public office to enrich himself, partly through consulting contracts.
Hubbard has maintained his innocence since his indictment in 2014 and said the transactions that led to the charges were normal business activities not related to his public office. The six convictions involved consulting contracts with three companies that paid Hubbard a total of $525,000 while he was speaker, from 2012 to 2014.
"selling" - Google News
September 21, 2020 at 11:02PM
https://ift.tt/2FFudn5
Jailed Alabama politician Mike Hubbard selling radio stations - AL.com
"selling" - Google News
https://ift.tt/2QuLHow
https://ift.tt/2VYfp89
Bagikan Berita Ini
0 Response to "Jailed Alabama politician Mike Hubbard selling radio stations - AL.com"
Post a Comment