Bidding war for bankrupt Black G98.7 radio station in Toronto heats up!
Bidding Deadline Extended By Stephen Weir Deadline for interested parties to submit written letters of intent with respect to the purchase of the station was Friday, August 7. But A.Farber & Partners Inc., the court-appointed receiver of the company that is currently operating Radio Station G98.7-FM, said earlier this week that the deadline for purchase proposals has been extended to Sept 25, as requested by the bidders in good standing Little information has been released about the proposed sale beyond a list of what the successful buyer will receive. It consists of the broadcast studio and equipment at 34 Kerns Road in North York, the station’s advertising list, all accounts receivable, the lease for the downtown broadcast antenna and the station’s Canadian Radio and Television Commission licence to broadcast. The estimated price for the station that tags itself as “The Way We Groove,” will be in the range of $2 -5-million dollars. Business and Community interes...