Former USA Radio Networks Owner Cross Platform Media Files For Bankruptcy
August 19, 2016 at 4:00 AM (PT)
CROSS PLATFORM MEDIA, former owner of USA RADIO NETWORKS, has filed for Chapter 7 bankruptcy, reports TRIANGLE BUSINESS JOURNAL.
SAM HASSELL's CROSS PLATFORM sold USA RADIO NETWORKS to LIFTABLE MEDIA last OCTOBER; it acquired IRN/USA RADIO NETWORKS in 2014. The bankruptcy filing placed the sale price at $151,165. The filing said that CROSS PLATFORM had total liabilities of almost $1.5 million and assets of $1,200.