A bankruptcy court auction of the radio stations formerly controlled by Ed Stolz‘s Royce International Broadcasting appears to be successful, RBR+TVBR has learned.
Court-appointed trustee Michael Carmel conducted the auction sale on Thursday morning, Pacific Time. Three winning bidders are believed to be in the drivers’ seat — a sign that Stolz’s quixotic quest to somehow retain ownership of his AM, three FMs and two FM translators is close to its conclusion.
