Chapel Hill radio station acquires new owner

Posted on Monday, August 24th, 2015 at 11:01 pm    

Chapel Hill, North Carolina-based radio station, WCHL, recently exited Chapter 11 bankruptcy after being sold in an auction.

Reports said the radio station was sold to the highest bidder – Colorado-based Leslie Rudd. Rudd, who also deals with bankruptcy proceedings in his own businesses, reportedly made a bid that, according to WCHL long-time owner Jim Heavner, was a “last-minute surprise”. Detail of Rudd’s winning bid was not released to the public. Aside from the longtime running radio station, Rudd will also own the company’s online media outlets. Rudd is expected to continue the existing programming offered by the radio station and its online media counterpart.

The Raleigh lawyers at the Bradford Law Offices, PLLC, work for business owners who have decided to file for Chapter 11 bankruptcy protection. If you are in such situation, we may help you in the filing process to possibly recover from your financial problems. Discuss your situation with us today by calling (919) 758-8879.