http://www.lowellsun.com/todaysheadlines/ci_17292321
From the Lowell Sun article linked above, snippet being posted under "fair use" for purposes of discussion
LOWELL -- A clash over who runs WCAP radio has its primary partners heading to court.
The station's general manager and majority owner, Clark Smidt, has filed a lawsuit in Lowell Superior Court against shareholder Sam Poulten, alleging that Poulten has placed the station in financial peril.
Poulten declined to comment yesterday, but his attorney, Scott Bratton, alleges it's Smidt who has put WCAP in jeopardy. Bratton said he plans to file a countersuit today, including a motion of preliminary injunction to remove Smidt from the daily operations of WCAP. The station broadcasts at AM 980.
Read more: http://www.lowellsun.com/todaysheadlines/ci_17292321#ixzz1D0XgbkVG
"Smidt's attorney, Richard McClure, said his client has made every effort to reach an amicable solution without dragging the matter into a courtroom.
"He refuses to do any revenue gathering or sales," McClure said of Poulten. "Clark has 45 years of experience in the business. Sam is a real-estate broker. The only way the station is going to be financially solvent is with Sam stepping down."
Smidt declined yesterday to elaborate on some of the allegations against Poulten, including previous legal action that court documents state "call into question (Poulten's) ability to properly and publicly represent Merrimack Valley Radio."
Read more: http://www.lowellsun.com/todaysheadlines/ci_17292321#ixzz1D0Y4lnLv
From the Lowell Sun article linked above, snippet being posted under "fair use" for purposes of discussion
LOWELL -- A clash over who runs WCAP radio has its primary partners heading to court.
The station's general manager and majority owner, Clark Smidt, has filed a lawsuit in Lowell Superior Court against shareholder Sam Poulten, alleging that Poulten has placed the station in financial peril.
Poulten declined to comment yesterday, but his attorney, Scott Bratton, alleges it's Smidt who has put WCAP in jeopardy. Bratton said he plans to file a countersuit today, including a motion of preliminary injunction to remove Smidt from the daily operations of WCAP. The station broadcasts at AM 980.
Read more: http://www.lowellsun.com/todaysheadlines/ci_17292321#ixzz1D0XgbkVG
"Smidt's attorney, Richard McClure, said his client has made every effort to reach an amicable solution without dragging the matter into a courtroom.
"He refuses to do any revenue gathering or sales," McClure said of Poulten. "Clark has 45 years of experience in the business. Sam is a real-estate broker. The only way the station is going to be financially solvent is with Sam stepping down."
Smidt declined yesterday to elaborate on some of the allegations against Poulten, including previous legal action that court documents state "call into question (Poulten's) ability to properly and publicly represent Merrimack Valley Radio."
Read more: http://www.lowellsun.com/todaysheadlines/ci_17292321#ixzz1D0Y4lnLv