The contentious Chapter 11 bankruptcy case of Black Crow Media Group will drag on for a while yet. The company reports that the presiding judge has given Black Crow an additional 90 days to have the exclusive right to file a reorganization plan. In the meantime the judge has ordered mediation to try to resolve the differences between Black Crow and its senior lender, GE Capital.
Black Crow owns 22 radio stations in five markets in Tennessee, Alabama, Georgia and Florida.
