These owner profiles are going to become useful very soon – similar to TV stations and newspapers keeping prewritten obituaries on file, waiting for the person to die – just fill in the details of the final moments, and hit the send button.
The Private equity firm that lent Mapleton the money to acquire stations (formerly part of Lazard Merchant Bank), seized the ownership of the company Tuesday (July 21, 2009), trading their unpaid debt for 90% of the ownership of the company. At least for now, the current management will stay in place, just not as the owners any more.
The company profile is [here], the introduction published here about a month ago is [here], and the news story is [here].