Services

Restructuring


We are the undisputed broadcast industry leader in providing restructuring services, valuation analyses and workout management supervision for troubled broadcast groups or stations. Larry Patrick has served as workout advisor for over 100 radio and television stations and has been appointed Receiver or Trustee in ten stations to date. (His recovery rate for senior lenders is in the min-90 percent range.) Our services range from negotiating the voluntary restructuring of a company’s debt to actually taking control of the stations, managing them for months or years and then liquidating the improved properties to satisfy creditors. We provide hands-on station management and have resolved more distressed situations than any other firm in the Country.