Court OKs YMF Media LMA Of Inner City Stations
May 21, 2012 at 4:31 AM (PT)
The U.S. Bankruptcy Court for the Southern District of NEW YORK has approved the LMA of INNER CITY MEDIA's stations to YMF MEDIA, the creditor-owned company that is buying the stations for $180 million of debt forgiveness.
Stations included in the deal include Urban Inspirational WLIB-A and Urban AC WBLS/NEW YORK; Talk WJNT-A, Urban Inspirational WOAD-A (GOSPEL 1300), Oldies WJQS-A (Oldies 1400), Sports WZNO (ESPN 105.9 THE ZONE), Urban WJMI (99 JAMS), and Urban AC WKXI-F (KIXIE 107)/JACKSON, MS; Talk WOIC-A, Urban WHXT (HOT 103.9), Urban AC WWDM, Classic Rock WMFX (FOX 102), and Rock WARQ (ROCK 93.5)/COLUMBIA, SC; and Chinese KVTO-A and Vietnamese KVVN-A/SAN FRANCISCO. Separate deals involved the transfer of Urban AC KBLX/SAN FRANCISCO to ENTERCOM and the spinoff of Sports WZMJ (ESPN RADIO 93.1 FM)/BATESBURG-COLUMBIA, SC into a divestiture trust.