Alpha Bite: Could Founder, Former CEO Thwart Chapter 11 Emergence?


Three years ago, Alpha Media was engaged in a bit of a transformation. Its founder, veteran radio station owner Larry Wilson, in July 2018 stepped down as Chairman of the Board of Directors for the Portland, Ore.-based broadcasting company.

While he remained a Board member, the man who succeeded Wilson as Alpha’s President/CEO, Bob Proffitt, was the key decision-maker for a company that in late winter 2016 had grown in size to become the fourth-largest radio company in the U.S.

Also growing was Alpha’s debt, leading it to voluntarily file for Chapter 11 bankruptcy protection in January 2021.

While all appeared to be positive for Alpha, with an emergence from debtor-in-possession status all but certain, Wilson has reemerged with fighting words submitted via a 191-page document with the FCC.

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