TheMassMediaGeek 98 Posted March 21, 2018 Share 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/ Link to comment https://localnewstalk.net/topic/16357-steel-city-media-files-for-chapter-11-bankruptcy/ Share on other sites More sharing options...
joevelocity 3 Posted March 21, 2018 Share 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. Link to comment https://localnewstalk.net/topic/16357-steel-city-media-files-for-chapter-11-bankruptcy/#findComment-199466 Share on other sites More sharing options...
CaPa 14 Posted March 22, 2018 Share 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- Link to comment https://localnewstalk.net/topic/16357-steel-city-media-files-for-chapter-11-bankruptcy/#findComment-199607 Share on other sites More sharing options...
joevelocity 3 Posted March 22, 2018 Share Posted March 22, 2018 My bad... that happened after I posted. This has not been a good month for radio. Link to comment https://localnewstalk.net/topic/16357-steel-city-media-files-for-chapter-11-bankruptcy/#findComment-199648 Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.