Dickey Broadcasting Company has agreed to an $8,000 consent decree with the FCC over the issues connected to the transfer of control between Lew Dickey Sr. and the trust he created to hold the licenses of “680 The Fan” WCNN North Atlanta, “1230 The Sports X” WFOM Marietta, and “1340 The Fan 2” WIFN Atlanta GA.
Dickey Sr. created the trust in 2000 with sons Lew Dickey Jr. and David Dickey named as co-trustees, but the next day without his sons knowledge transferred 90% of his equity in the company to the trust. In 2010, Dickey Sr. then divided the trust equally between his six children but failed to notify them until a week prior to his death in 2013.