What do you get when you combine a privately owned small community newspaper company in Augusta Georgia, horseback barrel racing, an FM station in Monico on the French Riviera, and a radio station in Wasilla, Alaska – the home town of Sarah Palin? Welcome to Morris Communications. They own 34 radio stations in the United States.
In February 2009, the company missed a $9 million interest payment on its $400+ million debt, and May 28th 2009 was the drop dead date from the banks to negotiate a deal. So if this company is in the news in the next day or two, you can read about it [here]