This from All Access:
Lender Group Takes Control Of Seattle, Cincinnati Trio
FIRST BROADCASTING CAPITAL PARTNERS, LLC’s Oldies KMCQ/COVINGTON, WA and CINCINNATI-area Adult Hits WAOL (MAX FM)/RIPLEY, OH, and Spanish Variety WOXY (LA MEGA 97.7, LMAd to TSJ MEDIA)/MASON, OH are being assigned to QUEEN CITIES BROADCASTING LLC, the successful bidder for the stations’ assets at a foreclosure auction on FEBRUARY 23rd (NET NEWS 2/24). The bid was conditioned on a Transition Agreement to transfer the licenses as well, and includes a management agreement for the assignee before closing. QUEEN CITIES is a “Trust Controlled Entity” backed by lender CAPITALSOURCE INC.