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Stop 26-Riverbend Ordered To Refinance Or Sell Radio Properties

A

Allfirdup

From Radio & Records (9/26/05)

Stop 26-Riverbend Inc., which owns five stations in Ohio, has received an order from a U.S. Bankruptcy Court in Ohio to refinance or divest those stations. As a result, John Pierce & Company LLC and General Capital Partners have been retained by Stop 26-Riverbend to decide what to do with WVKO-AM & FM/Columbus, Ohio and WASN, WGFT & WRBP/Youngstown. Stop 26-Riverbend has been in financial difficulty for some time, and placing the stations on the market is the most likely course of action for the company headed by COO William Cusack. Of the five stations, Urban AC WRBP enjoys the highest Arbitron ratings. The station billed $600,000 in 2004, according to BIAfn. Regional Mexican WVKO-FM billed $500,000 in 2004.
 
> From Radio & Records (9/26/05)
>
> Stop 26-Riverbend Inc., which owns five stations in Ohio,
> has received an order from a U.S. Bankruptcy Court in Ohio
> to refinance or divest those stations. As a result, John
> Pierce & Company LLC and General Capital Partners have been
> retained by Stop 26-Riverbend to decide what to do with
> WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> WRBP/Youngstown. Stop 26-Riverbend has been in financial
> difficulty for some time, and placing the stations on the
> market is the most likely course of action for the company
> headed by COO William Cusack. Of the five stations, Urban AC
> WRBP enjoys the highest Arbitron ratings. The station billed
> $600,000 in 2004, according to BIAfn. Regional Mexican
> WVKO-FM billed $500,000 in 2004.
>

The only mexican station in Columbus billed only 500k? Damn no wonder they are in bankruptcy!
 
> From Radio & Records (9/26/05)
>
> Stop 26-Riverbend Inc., which owns five stations in Ohio,
> has received an order from a U.S. Bankruptcy Court in Ohio
> to refinance or divest those stations. As a result, John
> Pierce & Company LLC and General Capital Partners have been
> retained by Stop 26-Riverbend to decide what to do with
> WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> WRBP/Youngstown. Stop 26-Riverbend has been in financial
> difficulty for some time, and placing the stations on the
> market is the most likely course of action for the company
> headed by COO William Cusack. Of the five stations, Urban AC
> WRBP enjoys the highest Arbitron ratings. The station billed
> $600,000 in 2004, according to BIAfn. Regional Mexican
> WVKO-FM billed $500,000 in 2004.
>

I have one word for you, Salem.<P ID="signature">______________
Chris
202.FM</P>
 
Depending on who the new owners will be.. what should the format be?

Im hoping a true CHR.. but thats probably wishful thinking.
 
>
> I have one word for you, Salem.
>

Hahh -- that would be interesting if they bought WVKO-F they have owned 103.1 before. They ran their satellite Christian AC on it years ago.<P ID="signature">______________
Lenks
Program Director/Music Director
X Music Online
The X
Today's Best Music
http://www.xmusiconline.com/</P>
 
> > From Radio & Records (9/26/05)
> >
> > Stop 26-Riverbend Inc., which owns five stations in
> Ohio,
> > has received an order from a U.S. Bankruptcy Court in Ohio
>
> > to refinance or divest those stations. As a result, John
> > Pierce & Company LLC and General Capital Partners have
> been
> > retained by Stop 26-Riverbend to decide what to do with
> > WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> > WRBP/Youngstown. Stop 26-Riverbend has been in financial
> > difficulty for some time, and placing the stations on the
> > market is the most likely course of action for the company
>
> > headed by COO William Cusack. Of the five stations, Urban
> AC
> > WRBP enjoys the highest Arbitron ratings. The station
> billed
> > $600,000 in 2004, according to BIAfn. Regional Mexican
> > WVKO-FM billed $500,000 in 2004.
> >
>
> I have one word for you, Salem.

Yeah, probably. But if not, any new buyer might be likely to keep the Spanish-language format. Seems to be progressing ratings-wise . Especially impressive given that their signal is quite weak where most of their target lives, the west side. <P ID="signature">______________
Nu_Roo_2 formerly Nu__Roo formerly Nu_Roo</P>
 
> From Radio & Records (9/26/05)
>
> Stop 26-Riverbend Inc., which owns five stations in Ohio,
> has received an order from a U.S. Bankruptcy Court in Ohio
> to refinance or divest those stations. As a result, John
> Pierce & Company LLC and General Capital Partners have been
> retained by Stop 26-Riverbend to decide what to do with
> WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> WRBP/Youngstown. Stop 26-Riverbend has been in financial
> difficulty for some time, and placing the stations on the
> market is the most likely course of action for the company
> headed by COO William Cusack. Of the five stations, Urban AC
> WRBP enjoys the highest Arbitron ratings. The station billed
> $600,000 in 2004, according to BIAfn. Regional Mexican
> WVKO-FM billed $500,000 in 2004.

Newstalk 1580 WFAQ
Ingraham, Hannity, Savage
 
HMMMM- MAYBE DAVIDSON MEDIA GROUP FOR THE AM AND B.A.S. MOUNT VERNON FOR THE FM?

> > From Radio & Records (9/26/05)
> >
> > Stop 26-Riverbend Inc., which owns five stations in
> Ohio,
> > has received an order from a U.S. Bankruptcy Court in Ohio
>
> > to refinance or divest those stations. As a result, John
> > Pierce & Company LLC and General Capital Partners have
> been
> > retained by Stop 26-Riverbend to decide what to do with
> > WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> > WRBP/Youngstown. Stop 26-Riverbend has been in financial
> > difficulty for some time, and placing the stations on the
> > market is the most likely course of action for the company
>
> > headed by COO William Cusack. Of the five stations, Urban
> AC
> > WRBP enjoys the highest Arbitron ratings. The station
> billed
> > $600,000 in 2004, according to BIAfn. Regional Mexican
> > WVKO-FM billed $500,000 in 2004.
> >
>
> The only mexican station in Columbus billed only 500k? Damn
> no wonder they are in bankruptcy!
>
 
> > From Radio & Records (9/26/05)
> >
> > Stop 26-Riverbend Inc., which owns five stations in Ohio,
> > has received an order from a U.S. Bankruptcy Court in Ohio
> > to refinance or divest those stations. As a result, John
> > Pierce & Company LLC and General Capital Partners have
> been
> > retained by Stop 26-Riverbend to decide what to do with
> > WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> > WRBP/Youngstown. Stop 26-Riverbend has been in financial
> > difficulty for some time, and placing the stations on the
> > market is the most likely course of action for the company
>
> > headed by COO William Cusack. Of the five stations, Urban
> AC
> > WRBP enjoys the highest Arbitron ratings. The station
> billed
> > $600,000 in 2004, according to BIAfn. Regional Mexican
> > WVKO-FM billed $500,000 in 2004.
>
> Newstalk 1580 WFAQ
> Ingraham, Hannity, Savage
>
how about Radio One, they could do an urban talk on the AM like the BUZZ in cincinnati, and on the FM they could pair with 106.3 which being out in London Ohio doesnt make it out east or north for that matter
 
> > > From Radio & Records (9/26/05)
> > >
> > > Stop 26-Riverbend Inc., which owns five stations in
> Ohio,
> > > has received an order from a U.S. Bankruptcy Court in
> Ohio
> > > to refinance or divest those stations. As a result, John
>
> > > Pierce & Company LLC and General Capital Partners have
> > been
> > > retained by Stop 26-Riverbend to decide what to do with
> > > WVKO-AM & FM/Columbus, Ohio and WASN, WGFT &
> > > WRBP/Youngstown. Stop 26-Riverbend has been in financial
>
> > > difficulty for some time, and placing the stations on
> the
> > > market is the most likely course of action for the
> company
> >
> > > headed by COO William Cusack. Of the five stations,
> Urban
> > AC
> > > WRBP enjoys the highest Arbitron ratings. The station
> > billed
> > > $600,000 in 2004, according to BIAfn. Regional Mexican
> > > WVKO-FM billed $500,000 in 2004.
> >
> > Newstalk 1580 WFAQ
> > Ingraham, Hannity, Savage
> >
> how about Radio One, they could do an urban talk on the AM
> like the BUZZ in cincinnati, and on the FM they could pair
> with 106.3 which being out in London Ohio doesnt make it out
> east or north for that matter
>
Not another simulcast......
 
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