2018-12-29 | By newsstory | 133 Hits

Steel City Media has filed a plan of reorganization in Federal Bankruptcy Court in St Louis to exit chapter 11 The plan which is consensual among the company and its significant financial creditors calls for Steel City to exit bankruptcy with a new balance sheet and with the Frischling family retaining equity control of the companySteel City VP Michael Frischling stated In an environment where equity in radio companies is being wiped out we are gratified that we have reached a consensual agreement with our creditors that enables us to maintai >>READ MORE