Inner City Files With FCC For Debtor-In-Possession Status
September 16, 2011 at 7:39 AM (PT)
The INNER CITY radio stations have filed with the FCC to change to debtor-in-possession status as the Chapter 11 bankruptcy proceedings move forward. INNER CITY and its creditors reached agreement on the bankruptcy last week after the creditors filed to put INNER CITY and its subsidiaries into involuntary Chapter 11.
In other filings with the FCC, JB BALTAZAR MINISTRIES, INC. is transferring low-power FM KXVI-LP/WINFIELD, TX to IGLESIA AMERICA PARA CRISTO, INC. for no consideration.
And DUQUESNE UNIVERSITY has closed on the sale of noncommercial News-Talk WDUQ/PITTSBURGH to ESSENTIAL PUBLIC RADIO or $6 million. The station is changing its call letters to WESA and moved its former Jazz programming mostly to its HD-2 channel.