Future
As part of a prepackaged bankruptcy filing, the lenders took over the license of four Cumulus Media Partners stations; two in the Kansas City metro area (KCHZ and KMJK) and the two rimshot signals in the Houston metro, KHJK and KFNC in November 2011. Station broker Larry Patrick emerged as the majority owner of the stations and set out to sell the stations to recover the value for the lenders. While Cumulus lost the licenses in bankruptcy, they continued to program the stations under LMA. Cumulus had the opportunity to buy the stations back, but the highest bidder for KFNC was David Gow, owner of KGOW (1560 The Game) and the highest bidder for KHJK was Educational Media Foundation, who programs Christian AC and Christian Rock formats. The Houston Chronicle reported that Gow, who also owns the Yahoo Sports Radio network, is not expected to change the format of KFNC or its ESPN affiliation.
Read more about this topic: KFNC
Famous quotes containing the word future:
“Whoever influences the child’s life ought to try to give him a positive view of himself and of his world. The child’s future happiness and his ability to cope with life and relate to others will depend on it.”
—Bruno Bettelheim (20th century)
“The yuppie idea of the future ain’t my idea of a future. Your safe car, and home, and job, and all the time rushing between the three—let’s make people feel they can grow up and have some education, some interest in life! That’s what counts!”
—Joe Strummer (b. 1952)
“At sixty, I would like to give my future back its vistas of uncertainty.”
—Mason Cooley (b. 1927)