Fort Walton news?

[Fran]

The source if from one of the Qantum management execs in another Q market.  Story is, the lender, Wells Fargo, is first in line, thus, to acquire the station Q would have to pay off the existing debt, substantially greater than the value of the station.  Although Q has a record of overpaying, it is doubtful that Q could find a lender willing to overpay these days.   

[poledo]

It sounds like you're suggesting Quantum dropped the lawsuit over finances?  That would make the WTKE situation very interesting again.

[Fran]

It sounds like you're suggesting Quantum dropped the lawsuit over finances?  That would make the WTKE situation very interesting again.

I do not know the exact status of the lawsuit.  What I was told is that if Q wins, they would have to pay Wells Fargo a sum that exceeds the value of the station.   Maybe there is more to it, but that is all I was told.