Alex got it back, but he lost a lot of money in the process. It wasn't a simple Brad owed him money, Brad is in default, I get it back type of deal. Alex had to come up with a boatload of cash to get it back as I recall
"According to an agreement filed in court, Langer would pay $1.5 million for the station. He also would assume $433,000 of the station's debt."