Daystar Petitions California Court in Bid to Buy KOCE

Jul 11, 2005  •  Post A Comment

Christian broadcaster Daystar Television Network has petitioned a California appeals court to allow the network to purchase Orange County, Calif.’s PBS station for its original bid of $25.1 million, two weeks after the court overturned the sale of KOCE-TV to a private foundation.

The 4th District Court of Appeal ruled June 23 that Daystar offered more money to the Coast Community College District for KOCE than had the KOCE Foundation, which won the bidding process. The foundation offered $8 million up front with a promise to pay $24 million with interest over 30 years. Daystar upped its bid to $40 million a day after the bidding deadline but was rejected.

Daystar said in its petition that it is concerned that the college district will remain the station’s owner and that the foundation will continue to run KOCE. Daystar attorney Richard Sherman said Daystar will also file a claim this week in preparation for a lawsuit against individual district board members. The college district is set to meet July 20 to determine whether to appeal the reversal of the sale, but a KOCE spokesperson expressed confidence that the station’s PBS programming would continue uninterrupted. The KOCE Foundation has been running the station and holding the Federal Communications Commission broadcasting license since November.