850 Miami

James Crystal Bankruptcy Update

Update 4/7: Jorgenson is paying $5.5 million for the four James Crystal Radio stations. He began operating them via LMA on March 3. Update 4/4: It had been fairly quiet since the auction of the four James Crystal Radio stations took place on March 2. Now we know via Tom Taylor Now that the credit bid by Atalaya Capital was the only bid for the stations, which will soon be transferred to a new group headed by auction broker Mark Jorgenson. The new group is currently operating Sports 640 WMEN Royal Palm Beach, News/Talk 850 WFTL West Palm Beach, Brokered Brazillian 1400 WFLL Fort Lauderdale, and Brokered Christian 1480 KBXD Dallas via LMA. However WMEN and WFTL will have some services including Sales handled by Digity Media’s Palm Beach Broadcasting. Digity currently owns four FM’...[Read More]