Sandab Goes Chapter 11
October 23, 2009 at 4:36 AM (PT)
SANDAB COMMUNICATIONS, owner of stations in the CAPE COD market, has filed for Chapter 11 bankruptcy and has applied for Debtor-in-Possession status at the FCC. The company, through two corporate entities, owns Hot AC WQRC/BARNSTABLE, Country WKPE (CAPE COUNTRY 104)/SOUTH YARMOUTH, Classical WFCC/CHATHAM and AC WOCN (OCEAN 104.7)/ORLEANS.
In another FCC application, ALMA CORPORATION is selling the construction permits for KQWY/LUSK, WY and KOUZ/MANVILLE, WY to ROBERT B. ROSE for an aggregate $43,550, paid in a promissory note.