Logistics platform Bringg raises $100m at $1b valuation globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
Follow us Get news via Twitter
Become a fan Join us on Facebook
Subscribe Net News via RSS
Larry Wilson Files Petition At FCC Challenging Alpha Media s Emergence From Bankruptcy
April 16, 2021 at 5:05 AM (PT)
Wilson
LARRY WILSON has filed a Petition to Deny with the FCC against ALPHA MEDIA s application to transfer its licenses out of debtor-in-possession status as the company emerges from bankruptcy.
WILSON, the founder in 2009 of ALPHA s predecessor ALPHA BROADCASTING and a minority shareholder of ALPHA MEDIA parent ALPHA MEDIA HOLDINGS, LLC, alleges that private equity funds took control of the company from its board, ran the company into the ground by attempting to cut costs to achieve profitability, and then used a prepackaged bankruptcy plan to wipe out creditors and minority stockholders in favor of proposed foreign-owned lenders and stockholders. WILSON names CEO BOB PROFFITT and board members NOEL STRAUSS and SAIF MANSOUR as playing