TheBigA said:secondchoice said:* IIRC Disney got cash for the ABC Radio division so they did not have as strong of a "case" or right as the folks that were owed money from Citadel (bond holders etc.)
Therefore, Disney was not a creditor in the proceedings, thus the contract remains in force, and Disney still owns all the call letter rights. That's why they were able to keep those call letters, and Disney can use those same letters for the TVs.
Let's assume that the Disney contract was not voided, since I have no reason to believe it was. Cumulus is still paying Disney for the use of ABC News Radio, and several other aspects of the Citadel deal are still in force. So my question is can Cumulus make any call letter changes without getting permission from Disney?
All I am saying with the Citadel bankruptcy the court could have voided the Call letter deal between Disney and Citadel. Also there was not much Disney could have done to stop it. Of course WABC TV could not have been forced to change...(I think). Bankruptcy Judges have a lot of flexibility in cancelling contracts. Citadel could have gotten out of "severance" packages of folks they canned of course if you do that then the non competes goes away Some one who has access the the Bankruptcy file and and nothing else to do (I am sure this file is huge) could find this out. It is public record but not all public records are on the internet. There most likely is an "insider" lurking on this board that knows.