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Stop 26-Riverbend, From The Dispatch business section 10/5

A

Allfirdup

Owner of WVKO radio stations hopes to reorganize, not sell
Wednesday, October 05, 2005
FROM STAFF REPORTS


On the heels of filing for Chapter 11 bankruptcy protection, Ohio radio station owner Stop 26-Riverbend is hoping to refinance its debts and continue in business.

The company, which owns five radio stations in Ohio, including WVKO-AM (1580) and WVKO-FM (103.1), filed for bankruptcy protection from creditors in July.

Recent speculation in industry publications, including Radio & Records, suggested that a sale of the stations was the most likely course of action.

"Nothing could be further from the truth," said Percy Squire, one of the company’s owners. "The whole purpose of filing Chapter 11 is to give us some breathing space. We have 120 days to present a plan for reorganization.

"We have until Dec. 1 to either refinance or sell. I’m very confident we will refinance."
 
> Owner of WVKO radio stations hopes to reorganize, not sell
> Wednesday, October 05, 2005
> FROM STAFF REPORTS
>
> "We have until Dec. 1 to either refinance or sell. I’m very
> confident we will refinance."
>


Maybe they should buy a decent automation system for WVKO AM while their at it, I was listening the other night and for 20 minutes a CD struggled to play a track before eventaully fighting itself into the next song...

They apperently run a CD Changer (lots of dead air between tracks) and just have a timer that smacks a legal ID Top of Hour ontop of whatever is playing, Heard no commericals.

If they really are in it for the long haul, I'd love to see them turn their stations around... I understand things take money but investing a litte money will yeld return if they give i a try. Specially 1580, their signal is one of the few AM's in columbus that dont seem to fade too bad for me at nite.

Best wishes to them.
<P ID="signature">______________
Lenks
Program Director/Music Director
X Music Online
The X
Today's Best Music
http://www.xmusiconline.com/</P>
 
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