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Ed Stolz’ Stations Transferred To Receivership After Lawsuit

Y2kTheNewOldies

Y2kTheNewOldies

https://radioinsight.com/headlines/...p-after-lawsuit-from-music-copyright-holders/

The three FM stations owned by companies controlled by Ed Stolz’s Royce International Broadcasting are being transferred into a court ordered receivership controlled by broker Larry Patrick after a lawsuit brought on by ASCAP and sixteen other music copyright holders.

The stations involved in the transfer are Golden State Broadcasting CHR “Rev 92.7” KREV Alameda/San Francisco, Major Market Radio LLC’s 97.7 KRCK-FM Mecca/Palm Springs, and Silver State Broadcasting’s “104.3 Now” KFRH North Las Vegas.

California U.S. District Judge Jesus G. Bernal ordered the appointment of Patrick as receiver on July 6 authorizing him to solicit offers to sell the stations and manage the licenses in the interim. Patrick will receive a commission of five percent on the first $3.0 million and two percent on the consideration paid above that threshold.
Click to expand...

Dang Everytime we talk about Ed Stolz its usually because he had a dispute with Entercom over his Sacramento stations. Now a new story of out on Stolz over a dispute with ASCAP.
 
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