TheMassMediaGeek 98 Posted March 21, 2018 Posted March 21, 2018 First Cumulus, then iHeartMedia, now Steel City Media, who owns stations in or around Kansas City, MO, is now filing for Chapter 11 bankruptcy. Not a big company, but it’s another Radio company filing for bankruptcy. https://radioinsight.com/headlines/167243/steel-city-media-kansas-city-files-for-chapter-11-bankruptcy/
joevelocity 3 Posted March 21, 2018 Posted March 21, 2018 First Cumulus, then iHeartMedia, now Steel City Media, who owns stations in or around Kansas City, MO, is now filing for Chapter 11 bankruptcy. Not a big company, but it’s another Radio company filing for bankruptcy. https://radioinsight.com/headlines/167243/steel-city-media-kansas-city-files-for-chapter-11-bankruptcy/ I think it should be pointed out that this bankruptcy does not involve their Pittsburgh, PA stations WLTJ and WRRK.
CaPa 14 Posted March 22, 2018 Posted March 22, 2018 First Cumulus, then iHeartMedia, now Steel City Media, who owns stations in or around Kansas City, MO, is now filing for Chapter 11 bankruptcy. Not a big company, but it’s another Radio company filing for bankruptcy. https://radioinsight.com/headlines/167243/steel-city-media-kansas-city-files-for-chapter-11-bankruptcy/ They (the Frischling family) also own two stations in Pittsburgh (hence the name Steel City) and formerly owned the Pittsburgh City Paper. The Pittsburgh subsidiary also filed for bankruptcy. Too much debt. The Pittsburgh filing was separate from the KC filing- different corporate entity, same owners: https://www.allaccess.com/net-news/archive/story/175058/steel-city-media-s-bankruptcy-includes-pittsburgh-
joevelocity 3 Posted March 22, 2018 Posted March 22, 2018 My bad... that happened after I posted. This has not been a good month for radio.
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