In a stunning turn of events, a Nevada Federal Bankruptcy Judge has — in an oral ruling — paved the way for Ed Stolz, who lost ownership of his three FM radio stations in a protracted California federal court battle over unpaid music royalty fees, to regain ownership of the properties.
What does this mean? The telenovela-like saga of the stations will more than likely end up with the stations in someone else’s control. In an exclusive interview, the court-appointed receiver, Larry Patrick, tells RBR+TVBR it is simply a last-minute act of desperation for an individual financially unable to keep them.
