Inner City Intends on Auctioning Stations to Exit Bankruptcy

[DudeFan]

Inner City Strategy to exit BK:

http://www.rbr.com/radio/union-objects-to-inner-city-bankruptcy-auction.html

This may be good or bad for the stations. Good in that they may be acquired by an operator and for a price that allows them to continue with current staffing levels. Bad, in that the auction and depressed station prices may allow a buyer that is interested in only "unlocked value" rather than operating the stations.

 

[DudeFan]

Bids are due on Feb 13th, according to Tom Taylor. KBLX SF will be auctioned separately. One Columbia FM will need to be spun into a divestiture trust. Any guesses that will be WZMJ?

 

[CrazeeCarroll1]

If it is ZMJ I would bet Miller would try to grab it and start a "Cat" format so he would have 93.1 and 93.9 kinda like how Big City Radio did the energy trimalcast up here a few years ago...