So Millcreek is selling all it's stations in SLC?

[DSPete]

I came across this from the Lawyers that are taking this case for Millcreek Broadcasting...Jenner & Block LLP

Millcreek Broadcasting, LLC (Salt Lake City, UT) Represent the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy cases of Millcreek Broadcasting, LLC, 3 Point Media - Utah, LLC, 3 Point Media - Franklin, LLC and 3 Point Media - Delta, LLC. The Chapter 11 debtors hold certain FCC radio licenses in the Salt Lake City market and are seeking to sell substantially all of their assets through a section 363 sale process.

Now that I did not know?

From your Snowed in Buddy in Tahoe 3 Feet & Rising so far Jan 5th
DSPete

[dolt]

363

Main Stages In a Section 363 Sale

• Agree conditional sale agreement between debtor and stalking
horse

• Sale procedures hearing (including approval of stalking horse bid
protections)

• 20 day notice period (generally) for overbids and possible auction

• Sale approval hearing

• Completion once conditions satisfied (eg regulatory approval)

The process requires the assets be widely advertised during the bidding process. Anybody seeing anything?


Had to shovel three inches this morning.

[jdiddy]

Yes, yes, yes, yes, yes....


This is what I was saying all along on the "other board." Milcreek is selling of their stations. I know Simmons and Clear Channel have both put in bids for the blaze, and I believe Citadel is promised U92 due to prior debts Millcreek owes them.

[henry_radio]

Ah man!  Millcreek is one of the better groups in town.

Oh well.