Stephen Weir articles, editorials and popular social media weir postings

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...

Ontario Court Wants To Let G98.7 Groove The Way It Used To By Stephen Weir On air G 98.7 has been “Groovin” just fine since the death of Fitzroy Gordon eight months ago.   But, in the boardroom and the courts, there are serious ruts in those grooves following the passing of the founder and boss. Last Thursday the fate of the station that bills itself as   “The Way We Groove” was once again in front of an Ontario Supreme Court Justice. At stake was the ownership of the station, the ownership of the estate of the late Mr. Gordon and the settling of the management team to handle the Kern Street station’s crushing debt. The case is not closed yet, however, last week the Ontario Supreme Court of Justice issued a partial decision that settles who is exactly in charge of the beloved Caribbean Canadian FM Station. Although the Caribbean Camera has not seen Thursday’s direction, the paper has learned that control of the G-97.5 is now in the hands of two people, Gordo...

Not the way Fitzroy Gordon would want it to Groove   By Stephen Weir The first time a grieving Marvette Gordon knew there was serious trouble at her late husband’s radio station was when a letter appeared in her mailbox a few weeks ago. She learned that the Ontario Supreme Court of Justice had placed G98.7 FM under investigative receivership and a Toronto law firm was temporarily running the ship. The late Fitzroy Gordon’s FM station is now under attack. A former shareholder has convinced the Provincial Courts that there are serious financial problems at the only Caribbean Canadian owned radio station. The law firm Farber and Associates is, for now, managing the affairs of the FM station and examining closely its books. The Insolvency Insider news-site first reported that Gordon’s Intercity Broadcasting Network, the company that operates radio station G98.7 “was placed in investigative receivership on June 3 on application by Jamrock Broadcasting and Delford Blythe.” A...