Texas Cluster Files For Debtor-In-Possession Status

Who's Buying What

MEDIANEWS' bankruptcy was officially filed last week, and, as a result, the newspaper company's radio operation has filed with the FCC for debtor-in-possession status. GRAHAM NEWSPAPERS, INC. filed MONDAY with the FCC to transfer Classic Hits KWKQ (KOOL 94.7) and Country KSWA-A/GRAHAM, TX and Oldies KROO-A and Country KLXK (K-LAKES)/BRECKENRIDGE, TX to debtor-in-possession status.

In another FCC filing, WEST JACKSONVILLE BAPTIST CHURCH, INC. is selling noncommercial Southern Gospel WJBC-F/FERNANDINA BEACH-JACKSONVILLE, FL to NANCY EPPERSON's THE RIVER EDUCATIONAL MEDIA, INC. for $2.225 million.

In a deal not yet filed with the FCC, WITHERS FAMILY TEXAS HOLDINGS, LP is selling Sports KSIX-A (ESPN 1230)/CORPUS CHRISTI to a local group headed by SCOTT HOWE and BILL DOERNER for an undisclosed amount, according to the CORPUS CHRISTI CALLER-TIMES.

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