Creditors of Inner City Broadcasting (Owner of KBLX) petition for Chapter 11

[recto101]

http://www.radio-info.com/news/creditors-of-inner-city-broadcasting-petition-for-chapter-11-status

Creditors of Inner City Broadcasting (Owner of KBLX) petition for Chapter 11 Bankruptcy. I hope Inner City can still do radio but I know the broadcasting industry isn't what it used to be.

 

[DavidKaye]

http://www.radio-info.com/news/creditors-of-inner-city-broadcasting-petition-for-chapter-11-status

Creditors of Inner City Broadcasting (Owner of KBLX) petition for Chapter 11 Bankruptcy. I hope Inner City can still do radio but I know the broadcasting industry isn't what it used to be.

They tried to expand too quickly at a time when broadcasting was contracting.

 

[MarioMania]

So what does this mean for KBLX??

 

[LKellerIII]

http://www.radio-info.com/news/creditors-of-inner-city-broadcasting-petition-for-chapter-11-status

Creditors of Inner City Broadcasting (Owner of KBLX) petition for Chapter 11 Bankruptcy. I hope Inner City can still do radio but I know the broadcasting industry isn't what it used to be.

They tried to expand too quickly at a time when broadcasting was contracting.

I've also heard that one of the owners - the late Percy Sutton, who was a New York politician and public figure - often used KBLX, and his other stations as ATMs for his other businesses and causes.