James Crystal Radio Group employees at News-Talker WFTL-AM 850 and sports Talk WMEN-AM 640 in South Florida have not been paid since Jan. 1, according to a Miami Herald story:
“Gossip Extra has learned that the 75 or so employees of the stations, both owned by local radio pioneer Jim Hilliard’s James Crystal Radio Group, haven’t been paid since Jan. 1. Among the unfortunate workers: High-profile talkers Joyce Kaufman (850) and Sid Rosenberg (640).”
GM Steve Lapa told The Herald that the holder of a $17 million loan managed to freeze the group’s bank accounts, so there’s no cash coming out for things like payroll.
“Mr. Hilliard’s been working from 6 a.m. to 10 p.m. daily to resolve the situation,” said Lapa. “So far, the employees have only missed one pay period.”
RBB-TVBR observation: While we were unable to reach Hilliard, usually this means a loan interest payment was not met. Hilliard will likely have to pay a penalty and free up the bank account. It may require more. The Radio Group has sold off a few stations in the past years, including WJVJ-AM Boynton Beach, FL in late 2011 and WRMF-FM in 2002.