MIAMI VALLEY BROADCASTING CORP. v. C.I.R.

No. 77-1147.

594 F.2d 556 (1979)

MIAMI VALLEY BROADCASTING CORPORATION, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided March 8, 1979.


Attorney(s) appearing for the Case

Bernard J. Long, Jr., Leslie H. Wiesenfelder, Dow, Lohnes & Albertson, Washington, D. C., for petitioner-appellant.

Myron C. Baum, Acting Asst. Atty. Gen., Tax Div., U. S. Dept. of Justice, Washington, D. C., Gilbert E. Andrews, Richard W. Perkins, Michael J. Roach, Meade Whitaker, Chief Counsel, I. R. S., Washington, D. C., for respondent-appellee.

Before LIVELY, ENGEL and MERRITT, Circuit Judges.


PER CURIAM.

This is an appeal by the taxpayer, Miami Valley Broadcasting Corporation, from a decision of the United States Tax Court valuing certain assets acquired by the taxpayer as a result of a liquidation distribution.

On October 31, 1963, the taxpayer acquired the entire outstanding stock of San Francisco-Oakland Television, Inc.; and, thereafter, on June 30, 1964, San Francisco-Oakland Television was liquidated into the taxpayer pursuant to sections...

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