Anatomy of a distress sale

By on Nov, 3 2014 with Comments 0

The company is uDebtnder duress, the owner is ill and the stations are silent. Here’s how the company seeking to buy a Virginia combo is handling its proposed transaction.

The stations are WNVA AM & FM, licensed to Norton VA.

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About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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