Churchill Media Shuttered
December 31, 2009 at 7:37 AM (PT)
Two years of "Substantial decreases" in revenue have prompted CHURCHILL MEDIA to liquidate its assets and close its three OREGON stations. Going dark are Regional Mexican KXPD (LA X)/PORTLAND, Smooth Jazz KLZS-A/EUGENE, OR and Regional Mexican KXOR-A (LA X)/EUGENE, OR I
Churchill, which also owns several Spanish-speaking radio stations and a TV station in Mexico City, is now looking for a buyer.
"We are working to locate buyers for these media properties who we hope will continue to meet the needs of the Hispanic community," CHURCHILL MEDIA owner SUZANNE ARLIE told KEZI.COM. "This was not an easy decision, but one which the deteriorating broadcast advertising market has forced us to make."