EXHIBIT 2(b)
ASSET PURCHASE AGREEMENT
by and among
NEW WAVE BROADCASTING, L.P.
("Seller")
and
REGENT BROADCASTING OF EL PASO, INC.
and
REGENT LICENSEE OF EL PASO, INC.
(collectively, "Buyers")
TABLE OF CONTENTS
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Page
ARTICLE I - PURCHASE OF ASSETS
1.1 Transfer of Assets ...................................1
1.2 Excluded Assets ......................................3
ARTICLE 2 ASSUMPTION OF OBLIGATIONS
2.1 Assumption of Obligations ............................4
2.2 Retained Liabilities .................................4
ARTICLE 3 CONSIDERATION
3.1 Delivery of Consideration ............................5
3.2 Escrow Deposit .......................................5
3.3 Proration of Income and Expenses .....................6
3.4 Allocation of Purchase Price .........................6
3.5 Adjustment for Barter ................................7
3.6 Collection of Accounts Receivable ....................7
ARTICLE 4 CLOSING
4.1 Closing ..............................................8
ARTICLE 5 GOVERNMENTAL CONSENTS
5.1 FCC Consent ..........................................8
5.2 FCC Application ......................................9
5.3 Antitrust ............................................9
ARTICLE 6 REPRESENTATIONS AND WARRANTIES OF BUYERS
6.1 Organization and Standing ............................9
6.2 Authorization and Binding Obligation .................9
6.3 Qualification As Assignee ............................9
6.4 Bankruptcy ..........................................10
6.5 Committed Sources of Financing ............