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Parent Co. of Freedom Broadcasting—with Eight TV Stations—Expected to File Chapter 11 Bankruptcy Protection This Week

Aug 31, 2009  •  Post A Comment

Freedom Communications, the parent company of Freedom Broadcasting, is expected to file a Chapter 11 bankrupcy reorganization this week, according to a number of published reports. One of those reports is in the Orange County Register in Southern California, which is owned by Freedom Communications.

Freedom Broadcasting, led by president Doreen Wade, has eight TV stations. In DMA size order (largest to smallest), the stations are:

WPEC, a CBS affiliate in West Palm Beach, Florida

WWMT, a CBS affiliate in Grand Rapids, Michigan

WRGB, a CBS affiliate in Albany, New York

WCWN, a CW affiliate, also in Albany, New York

WTVC, an ABC affifiliate in Chattanooga, Tennessee

WLAJ, an ABC affiliate in Lansing , Michigan

KTVL, a CBS affiliate in Medford, Orgeon

KFDM, a CBS affliliate in Beaumont, Texas

The reports say the financial difficulty for Freedom started in 2004, when it had to borrow a significant of money to buy-out a number of family members who wanted to cash out of the closely held company.

—Chuck Ross

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