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Radio1968
Guest
From All Access (9/28):
ALEX LANGER is buying back troubled WBIX-A/BOSTON from its court-appointed receiver for $1.5 million, assumption of $433,000 in debt, and forgiveness of the $7.5 million LANGER is still owed by BRAD BLEIDT, who is awaiting sentencing after pleading guilty to mail fraud charges. LANGER, who sold the station to BLEIDT three years ago, has been operating the station under an LMA with receiver DAVID VICINANZO since DECEMBER; the repurchase includes an agreement to pay the receiver 25% of any amount received over $10 million if the station is resold within three years.
ALEX LANGER is buying back troubled WBIX-A/BOSTON from its court-appointed receiver for $1.5 million, assumption of $433,000 in debt, and forgiveness of the $7.5 million LANGER is still owed by BRAD BLEIDT, who is awaiting sentencing after pleading guilty to mail fraud charges. LANGER, who sold the station to BLEIDT three years ago, has been operating the station under an LMA with receiver DAVID VICINANZO since DECEMBER; the repurchase includes an agreement to pay the receiver 25% of any amount received over $10 million if the station is resold within three years.