As I said, you have no idea what bankruptcy is all about. The court is watching every single expenditure. They have no ability to do anything. There are creditors that will be taking major losses or get nothing they are owed. This isn't a game. They are getting out of contracts to try to survive. The LMA might continue but they have no money, NONE to purchase stations.
You are really good at formats, tweaking and giving history of radio stations but you have no idea how the business or economics work. The people feeding you info you might not know themselves how this works either.