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A bankruptcy judge scheduled a May hearing to set up the rules and timeline for an auction to sell KDHX’s assets. But final approval of any sale is not assured.
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Leaders of KDHX will seek a judge’s approval on Wednesday to sell the community radio station to syndicated Christian radio network K-LOVE. Court papers show that KDHX’s board voted to sell on March 3. The board says it fielded multiple offers.
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St. Louis-area listeners of KDHX on Saturday morning could hear K-LOVE’s signature Christian programming content. By later in the afternoon, 88.1 FM appeared to return to its typical programming.
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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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The Hot 104.1 losses came the same week that parent company Audacy announced sweeping layoffs. The St. Louis station will begin simulcasting news and talk radio station KMOX.
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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.