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:
“Self-kindled every atom glows,
And hints the future which it owes.”
—Ralph Waldo Emerson (1803–1882)
“The present hour is always wealthiest when it is poorer than the future ones, as that is the pleasantest site which affords the pleasantest prospects.”
—Henry David Thoreau (1817–1862)
“Poetry is not only dream and vision; it is the skeleton architecture of our lives. It lays the foundations for a future of change, a bridge across our fears of what has never been before.”
—Audre Lorde (1934–1992)