103.1/1580's Owner files for Chap 11 protection according to allaccess.

[xmusicmatt]

Taken from "allaccess"

" OHIO radio operator STOP 26 RIVERBEND and affiliates companies have filed for Chapter 11 protection, reports THEDEAL.COM (subscription required)....."


Looks like 103.1/1580 are in trouble!
<P ID="signature">______________
Lenks
Program Director/Music Director
X Music Online
The X
Today's Best Music
http://www.xmusiconline.com/</P>

 

[xiradiodotcom]

> Taken from "allaccess"
>
> " OHIO radio operator STOP 26 RIVERBEND and affiliates
> companies have filed for Chapter 11 protection, reports
> THEDEAL.COM (subscription required)....."
>
>
> Looks like 103.1/1580 are in trouble!
>
Good. Put them up for sale already. They have obviously proven that they have no idea how to even half-ass run a radio station.<P ID="signature">______________
Chris
Energy X - Modern & Alternative Rock
energyradio.fm</P>

 

[markbohach]

Not so easy to do given the petition to deny renewal filed against the licenses and the entanglements with their financing, leasing, tower obligations and on and on..

Expect this to go on for a good while longer.

> >
> Good. Put them up for sale already. They have obviously
> proven that they have no idea how to even half-ass run a
> radio station.
>

 

[TailgateJeff]

The owners of 1580/103 have had money problems for years. I don't know if they ever got their IRS problems cleared up or not. The owners also hadn't paid state and city taxes. The fact they owed back taxes to the city most likely killed their move to the city owned Lincoln Theater.

Sell the stations and let someone who knows what they are doing buy them. Both stations are an embarrassment to broadcasting.