Lenders takeover Border Media Partners.

According to Inside Radio, patience has run out and the investment group backing Border Media Partners is moving forward with a takeover. Insiders say BMP hasn’t paid on its debt in nearly two years.

The company didn’t respond to a request for comment. CEO Jeffrey Hinson is currently in Africa and word is he’ll step down later this month.

Courtsy of http://www.insideradio.com

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