Founder Buys Back CT School Of Broadcasting
May 18, 2009 at 12:34 PM (PT)
The man who founded the CONNECTICUT SCHOOL OF BROADCASTING in 1964 has won approval to buy back the bankrupt business and campuses in six states for $1 million, reports WTNH-TV. When the CONNECTICUT-based school filed for bankruptcy in MARCH, it left thousands of students around the country out of money and an education. The school reopened to let students near graduation complete their courses, but the school's future remained in question.
Now a federal bankruptcy judge has approved the sale of the school to DICK ROBINSON, who founded the school in 1964 and sold it in 2006.
"He's not only returning to the schools but he is going to significantly upgrade them and make them state of the art," said Attorney General RICHARD BLUMENTHAL.
ROBINSON bought the schools back for $1 million but says he will be scaling back to just 10 locations, down from 26 locations.
"I hope that we'll be up and running probably, the second week in JUNE. They tell me all the new equipment is coming in," ROBINSON said.