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KDHX 88.1 FM will sell its broadcast license for at least $4.35 million to national chain K-LOVE, which plays contemporary Christian music. KDHX owes $2 million to its creditors.
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La estación de radio de baja potencia en el 92.9 FM ofrecerá música pop y un programa de fútbol con temática del St. Louis City SC dos veces por semana, mientras va ampliando su programación en los próximos meses.
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The low-powered radio station on 92.9 FM will offer pop music and a biweekly St. Louis City SC-themed soccer show as it builds out its show roster in the coming months.
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Community radio station KDHX is seeking a loan from K-LOVE that would make the Christian broadcaster its chief creditor as it undergoes bankruptcy reorganization.
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KDHX filed for Chapter 11 bankruptcy protection in court Monday, after years of financial uncertainty and community pressure on its leaders.
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Leaders of financially imperiled community radio station KDHX rejected a plan from activist group Love of KDHX that included a promise of up to $200,000 in fresh contributions, called for an all-new board and offered volunteer support from experienced St. Louis fundraisers.
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St. Louis Circuit Judge Joan Moriarty ordered KDHX leaders to restore the membership status of at least some of the 120 volunteers they fired last month and allow the volunteers to participate in a meeting that could decide the station's future.
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Community radio station KDHX has less than $7,000 in the bank and is actively looking at possibly selling its assets, a station lawyer argued in a court hearing.
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KDHX board President Gary Pierson said in a Friday afternoon announcement that the station lacks the resources to continue in its current form.
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KDHX critics are suing to remove seven of eight members of the community radio station’s board of directors. It’s the latest dispute in a conflict that has reshaped the station’s on-air schedule and its place in the St. Louis music community.