Jacobs Broadcast Group, Inc. v. Jeff Beck Broadcasting Group, LLC

THOMAS, Judge.

In September 2012, Jacobs Broadcast Group, Inc. (“Jacobs”), sold four radio stations (“the stations”) to Jeff Beck Broadcasting Group, LLC (“Beck”). The contract memorializing that sale contained a noncompetition agreement prohibiting Jacobs from competing with Beck for a period of three years. The noncompetition agreement provided, in pertinent part:

“B. In conjunction with the Sale Agreement, as an inducement to [Beck] entering into the Sale Agreement and as a condition to the consummation of the Acquisition, [Jacobs] has agreed that it and its principals will refrain from…