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Tuesday, November 17, 2009

Hawaii's biggest radio group to be split up between two partners

Visionary Related Entertainment has been the focus of a struggle for control since late 2003, when John Detz and backer Jason Wolff of Frontier Radio Investors got into business together. Now there’s a settlement with the help of a court in Maui that divides up the assets. There was an earlier settlement in August 2008, but Frontier quickly filed a counter-claim. The eventual solution, reached with the aid of a retired judge: Detz keeps the stations in Maui, such as Hawaiian/reggae “Q103” KNUQ. Frontier gets the VRE stations in Oahu, Kauai, Molokai and Hilo. There’s also a $500,000 note payable to Frontier and some other terms of the latest deal, which you can see in the FCC filing.

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