All Posts: rep firm

Interep has filed for bankruptcy and is closing its doors.  Today
Interep's trustee Kenneth Silverman filed toallow  Clear Channel owned, Katz Media to negotiate withInterep's clients and employees in exchange for a flat fee of $3.6million cash. The proposal is not an outright sale, and will come up before the bankruptcy court for an okay.  It does not lock in Interep's clients (such as CBS)  for Katz, and they could opt out...but Katz is ...