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Bahasa Indonesia) 1:
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Prior to making an offer, the prospective purchaser must have a financing commitment to complete the transaction. There are seven traditional financing sources from which to select, depending upon circumstances; banks, venture capital, investement banks, funds for minority acquisition, seller financing, governmental agencies, and non-traditional financing. Once the offer is accepted by the seller, contracts are prepared, and an application to transfer the license or franchise is made to the appropriate governmental authority. Subsequent to transfer approval, the transaction is completed when the buyer paya the seller. Construction of a new station or cable system is an alternative to purchase. Information on available frequencies of franchises can be obtained in a variety of ways and may require the services of a consulting engineer. Once the opportunity has been located, application for the new service will have to be made to the FCC for broadcast or to the local governmental authority for cable. In some cases, the process will involve a spectrum auction. Once the construction permit or franchise. At this point, construction commences, and it must be completed in a timely manner. In broadcast, the licensing follows completion if construction and operational tests. A cable franchise precedes construction. Construction of a new facility is a riskier venture than the purchase of an existing operation, thought it is also less expensive
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