The quixotic journey that Ed Stolz, owner of Royce International Broadcasting, has taken over the last several decades as a licensee of radio stations has been widely reported across industry trade publications — some of which no longer exist.
From his failed attempt to negate the sale of the former KWOD-FM 106.5 in Sacramento to Audacy Corp. predecessor Entercom to his current dilemma regarding the ownership of three FM radio stations, Stolz has generated widespread interest for his ongoing quests to remain a FCC licensee.
Now, with Stolz given perhaps unprecedented chances to reignite sales and revenue at the FMs as he seeks to emerge from Chapter 11 bankruptcy protection, a Nevada federal bankruptcy court has signaled that time may be up for Stolz. And, that may finally seal his fate, with no choice but to sell the FMs at a liquidation valuation.
