In December of 1982 Ronald Reagan was President. Home mortgage interest rates were at 14-16%. The U.S. was just coming out of an inflationary spiral. Locally the Port Clinton Press, a free weekly newspaper that had been in business since 1975, was set to close its operations. The recession and hyper-inflation had taken its toll. It was just about that time when former local radio personality John Schaffner, along with his two partners, sold their broadcasting license for WKIQ FM Radio in Bowling Green. Schaffner was in an unusual position. He was looking for work again.