Matrix Broadcasting currently owns WFXF and WZSR. Alpha Media sells their ads and hosts the website. This is called a “Shared Services Agreement” Matrix is in bankruptcy.
To settle: Alpha will buy WZSR and WFXF.
Alpha is at market cap, so WFXF will be sold to EMF.
In order to keep WZSR, WRXQ will be sold to Steven Seline (Walnut Radio) and WRXQ, like WFXF and WZSR under Matrix will operate under a Shared Services Agreement between Alpha Media and Steven Seline.
The facts are on RadioInsight here:
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