Rumor Mill : Interep to declare bankruptcy
March 18, 2008
We are receiving unconfirmed reports that Interep might be on the verge of declaring bankruptcy. These are rumors, but the radio giant refused to comments on this report.
Interep is the largest independent advertising sales and marketing company in the United States specializing in radio, television, the internet, and events.
An “anonymous” source stated that the Interep bankruptcy has been in the works for some time now and was surprised this is just now hitting the internet. There is a 100 million dollar bond that is due for them, and the likelihood of them being able to pay it are slim to none.
Story is developing…
EDIT: Steve Hall’s Ad Rants appears to be confirming the story
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Hope that this helps to kill HD Radio:
http://hdradiofarce.blogspot.com/