Herald: Cape Cod B'casting files for bankruptcy

[Laurence Glavin]

>----- Original Message -----
>From: "Bob Nelson" 
>To: "BostonRadio Mailing List" 
>Subject: Herald: Cape Cod B'casting files for bankruptcy
>Date: Thu, 24 Sep 2009 13:00:05 -0500

>The owner of AC WQRC, country WKPE, classical WFCC, and soft hits 
>WOCN has filed for bankruptcy according to the Herald
>http://www.bostonherald.com/business/media/view.bg?articleid=1199771&srvc=next_article
>They are looking for a half million dollar loan.
>> "The company listed less than $50,000 in assets and $10 million 
>> to $50 million in debt in its bankruptcy filing."

>WFCC is said to be the flagship station of the World Classical 
>Music network. Any guesses on whether someone can
>swoop in and buy the properties at bargain basement prices or do 
>legal matters somehow cloud that?

>From my experience, WQRC 99.9 is the FM signal on the Cape that also reaches into
the south coastal region and up route 3 to the south shore.  Maybe WGBH could
double up its fund-raising effort to buy WQRC and make it a twin of WCRB, or
any set of call letters it may use on 99.5.  I can imagine the ire of any
contributors to the announced fund-raiser for the 99.5 frequency who happen
to live way outside of WCRB's coverage area.  The day WGBH 89.7's classical
programming is ported to 99.5 could be the day such potential contributors 
find out it's no longer receivable where they live.

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