A Bankruptcy Win For A Community Player


An Abilene, Tex., operator has agreed to acquire the assets of a Class C3 FM serving the Lubbock, Tex., market with a unique Texas-flavored “Red Dirt Country” presentation.

The deal, which awaits FCC approval, brings an end to ownership of a company that in April voluntarily filed for Chapter 11 bankruptcy protection. Rather than emerge, its lone asset — the FM — was auctioned off.

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