A buyer has been found for another station at another troubled company. The restructuring of On Top Communications will take a big step forward with the sale of KNOU-FM, licensed to Empire LA, a town about 40 miles down the Mississippi from New Orleans. The buyer is Power Broadcasting Company, headed by Rick Moreno. He’ll pay $6M for the station. The sale is being steered through bankruptcy court by chief restructuring office Brian C. Rice.
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