That’s for all 36 stations, not for each one. Details here
Davidson Media group had acquired these stations over time – they are mostly low power stations in small markets in the Southeastern US – carrying Spanish language programs or gospel music.
Sanjay Sanghoee has stepped forward and agreed to pay $1,000 to buy the entire company – AND responsilbity for the $2 billion in debt that was used to acquire these stations.
Who is he? Here is his description from the web site for his novel about corporate crime and corruption.
“Sanjay has an MBA from Columbia Business School and was an investment banker with Lazard Freres and Dresdner Kleinwort Wasserstein. He also worked from 1992-1995 with Strategic Intelligence Network, Inc., a spinoff from Kroll Associates. During his time with SINI, he was involved in all facets of corporate investigative work, including liaising with ex-law enforcement officers to conduct due diligence on business transactions.”
and his book was about:
“Set in the secretive world of multi-billion dollar mergers and ruthless plays for money and power, Merger takes readers behind the closed doors of Wall Street to witness the shocking dealings of corrupt CEOs and unethical bankers who violate the public trust for their personal gain – similar to the real-life incidents at Enron and WorldCom. ”
Feel free to connect any dots you see.