Mark Mills announces that everyone at WBIX expects to be terminatedby Monday

[Joseph Pappalardo]

From: "Dan Strassberg"

> The trustee will be responsible for getting the most money possible for
> Bleidt's assets--of which WBIX may be the most valuable--and conceivably
is
> the only one of any value.

That's why I don't think it would(should) go dark.

Once a station is off the air....the value creeps to next to nothing.

Secondly, I would think Egan would benefit from grabbing up the station and
be able to pay cash to the trustees almost immediately...which is apparently
what they want.

Third, wouldn't keeping the station on the air and (somewhat) viable with
most staff intact be the best way to preserve the value of the station?

Unless of course the station is (has been) losing money...then I'm sure they
want t plug a leak with whatever chewing gum they can find before the assets
melt even further.


I would agree with Dan, that running Bllomberg would probably do the
trick...cut losses and somewhat protect the stations value from going into
the dumper.

I wonder if any of the reporters are contacting Alex Langer to get the scoop
on how much was paid and how much is till owed.