Cape Cod B'casting bankruptcy filing

[Mark Laurence]

Bob Nelson wrote:
> http://bostonherald.com/jobfind/news/media/view/20090925cape_cod_broadcasting_files_for_bankruptcy/srvc=home&position=also
>
> A bit more from the Herald which says that there are no plans to sell the stations and they will keep running but they
> need a half million dollars to re-structure; the debt of $10 million or so is partially due to the "debt service" including
> the original purchase of two stations from Charles River Broadcasting. Add the declining ad market to that, according to
> Michael Harrison, and you have a good idea of "the plight" local radio can face.
>   
It sounds like the plight they face does not have much to do them being 
local radio.  They're following the typical business plan of media 
companies large and small: debt up to their eyeballs with no room to 
breathe when the economy took a downturn.