Atlantic to be Liquidated

[qtpieislit]

HUB CITY some of your points are very true but in this specific case you are off base.
number one- if you are a majority stock holder yes you can do what every you want but in this case brett was not a majority stock holder and didnt put one penny of his own monies in this radio deal. What he did was scam some stupid investors that he has the expertise in the radio buisness which in reality the only thing he did was being a part time dj .
number two Brett did not have much sucess in the hot dog business in fact if you look at his history in business practices he did the same scam job he did in the hot dog business steal money for his personal use and not pay his bills to purveyors . as what he did in the radio business.

like brett or hate Brett he has a long long history as a scam artist
he is not the nice guy you really think he is and should be punished for his actions.

A hot dog salesman walks in to a radio station and says I want to buy this operation, I know alot about radio. I used to own one once with 9 transistors.

 

[hubcity]

HUB CITY some of your points are very true but in this specific case you are off base.
number one- if you are a majority stock holder yes you can do what every you want but in this case brett was not a majority stock holder and didnt put one penny of his own monies in this radio deal. What he did was scam some stupid investors that he has the expertise in the radio buisness which in reality the only thing he did was being a part time dj .
number two Brett did not have much sucess in the hot dog business in fact if you look at his history in business practices he did the same scam job he did in the hot dog business steal money for his personal use and not pay his bills to purveyors . as what he did in the radio business.

like brett or hate Brett he has a long long history as a scam artist
he is not the nice guy you really think he is and should be punished for his actions.

Oh, you misunderstand me - I don't think he's a nice guy at all. I agree that in this specific case, what you're saying may well be true. (I've got no inside info there, mind you, but the empirical evidence shows that the stations were managed into a bankruptcy, and that's pretty bad.)

In the general case, though, the problem's pretty prevalent. The money types drove up the cost of ownership of radio stations in a speculative frenzy without actually knowing how to run them, thinking they were buying a license to print money. Then, instead of paying good money to people that actually knew how to run them, they told themselves "eh, how hard could it be?"

Pretty hard, it turns out.

 

[OC3]

Sam, welcome to the new world of radio! More and more we seem to be finding that the "radio experience" that new hires have is that they "listened to radio...once."

A sad turn of events... :'(

 

[hal douglas]

Hello, 1996! Can I please have a do-over? I promise not to vote for the politicians and the FCC who let consolidation happen....