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Wednesday, August 24, 2011

Inner City Creditors File For Bankruptcy

The Bloomberg story says Inner City, which owns New York City?s WLIB and WBLS filed an involuntary Chapter 11 bankruptcy petition yesterday. The creditors, including Yucaipa Cos. funds, listed $254 million in debt in a filing today in U.S. Bankruptcy Court in Manhattan. Inner City also owns urban-formatted radio stations in California, South Carolina and Mississippi.



View the original article here