Lenders takeover Border Media Partners.
June 16, 2009
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
