Global One Media has converted its Chapter 11 bankruptcy protection to Chapter 7 liquidation.

The company was founded by Richard Hudson in 2022 with the $1 million purchase of Ruby Radio Corporation’s stations in Elko NV followed by the $1.1 million acquisition of Rooney Moon Broadcasting’s properties in Clovis NM. It filed for bankruptcy in 2024 with Newtek Small Business Finance LLC claiming it was owned $2.8 million secured by Global One’s personal property. After court hearings due to Newtek filing its claims in the wrong jurisdiction, Global One’s trustee won on appeal with Newtek’s claims becoming unsecured.

Now the company has filed with the FCC to transfer the licenses to Chapter 7 trustee Brian Shapiro with the US Bankruptcy Court District of Nevada Judge Mike Nakagawa also approving a $550,000 good-faith acquisition by William Hudson’s Aegis Media Holdings. That sale is structured with Aegis paying $300,000 for the station assets and $250,000 for two real estate parcels in New Mexico.

Global One Media owns Rock “Overdrive 101.5” KRMQ Clovis, Country 105.9 KSEL-FM Portales, Hot AC “Mix 107.5” KSMX-FM Clovis, and Classic Country “Cow Country” 1450 KSEL Portales in the Clovis NM market and Classic Hits “Kool 94.5” KUOL Elko, Hot AC “Mix 96.7” KHIX Carlin, Country “Big Country 103.9” KBGZ Spring Creek, Rock “Overdrive 100.5” K263BD Spring Creek/KBGZ-HD4, Classic Rock “https://rock1011fm.com”>Coyote Rock” 101.1 K266AB Elko/KBGZ-HD3, and Conservative Talk “Talk Radio 107.7” K299AN Elko/KBGZ-HD2 in Elka